Affordable Housing In Areas You Might Not Expect To Find Them

October 20th, 2008 · No Comments

It’s Monday and time to head out and start the day, after some reflection on this past Saturday and Sunday’s work.

Are you single and looking to buy a house or condo? As I mentioned in a post, there is a nice collection of Downtown condos for sale at very reasonable prices. But I’d like to focus on one. For $79k you can get a two level condo that faces the Lake at the edge of the Warehouse District. It’s considered an efficiency but in reality there is a separate bedroom on the second floor. It has all the exposed pipe and brick and mortar textures you’d want if you were buying a more expensive loft or Downtown condo. Yes it’s small but very cool. If it was in New York City it would probably sell for a half a million dollars, no joke. But it’s only $79,000. $79,000 in the Warehouse District! I wouldn’t be surprised if the monthly mortgage (even with taxes and maintenance fees) isn’t less than some people pay in rent every month.

The second place is a single family home on Bridge a short walk to Gordon Square or Gypsy Bean and five minutes from the West Side Market. I held it open yesterday. It was built in the late 90s, still has a few years tax abatement left on it. The home has over 1800 square feet of finished space, a really cool antique-like staining of the hardwood floors, french doors, a huge deck to a beautifully landscaped backyard. It is also very reasonably priced at $149,900.

I sold a home to a client who became a good friend. She bought a lovely home but I couldn’t help thinking as I held the home open yesterday that this would have been a perfect home for her. With 1800 + square feet you don’t have to be single to buy this home, but it’s priced well for a single income purchaser.

The best part about both of these homes is they are very accessible to either the RTA bus lines or the RTA transit stops.

There are other really nice homes in move in condition that are priced very well for first time home buyers. So if you want any more information about these homes or the ones I described, let me know! Peace Out - 3C

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