CMHC new PROGRAMS offer Financing for Home Upgrades to add more units and New Construction

by Denise Liboiron

Flexible Financing for Home Upgrades and New Construction

CMHC Improvement is for homebuyers purchasing an existing home that requires some work or building a new home from the ground up. The product offers insured financing up to 95% of the “as-improved” value for 1- or 2-unit owner-occupied properties, and up to 90% for 3- or 4-unit properties. Down payments are based on the lower of market value or purchase price or cost of construction. CMHC Improvement makes it easier for clients to finance their residential property purchases or home improvements with lower down payments. Click the link to find out more information and how to qualify for their programs!

https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/mortgage-loan-insurance-homeownership-programs/improvement#:~:text=CMHC%20Improvement%20is%20for%20homebuyers,%2D%20or%204%2Dunit%20properties.

November 6, 2024

Spectacular Investment with Flexible Potential for Live-Work or Multiple Units.

by Denise Liboiron

Commercial Main Floor Retail Space that uses the 2nd Floor as Office Studio & Warehouse & Storage plus finished Lower Basement Level with Storage & Staff Room and 2 Baths & Utilities Sink & Closet. The RESIDENTIAL is located on a fully Finished 3rd & 4th Floor with 800 Sq Ft Rooftop Deck. A Gorgeous Contemporary Living Space!
MLS # X9310245 $1,899,000.00

Business for sale also for $149,000.00 or the Owner Operator will RENT BACK the business space.

Call for more information on this Spectacular Investment with Flexible Potential for Live-Work or Multiple Units. Exceeds all Expectations. A Meticulous Makeover of a c.1870s 4flr Historic Brick Bldg. An Exemplary Renovation top to bottom. Live, Work or Invest in a Gorgeous Residential & Commercial Empire steps to the Beach/Marina/VIA Station. 100km to Toronto. 3Bedroom+ 5Baths. Custom, High-end workmanship & designer finishes: Canadian Maple Hardwood flooring, Vaulted Ceiling, Contemporary Kitchen & Designer Baths, Built-in Cabinets, Slider Barn Doors. Unique Arched Windows bring in sunlight glow & blue sky views over a boutique downtown. A large Northside Living Room w/ Glass Doors walks out to an 800 sq ft Rooftop Terrace. Wow! Personal Lift Elevator to 3rd Floor. Guest BR & Beautiful 4pce Bath on 3rd FL Living Level. The 4th Fl Loft BR Suite is Apartment-sized w/ a convenient Laundry/bath combo & a Walk-In Closet. 2nd Floor Studio or Office Space overlooks the streetscape & has potential as Residential Unit with existing 3pce Bath & 2 large Rooms used for Storage/Warehouse Space. Walk out to back or downstairs. Could convert to 2nd Res Unit. A Vibrant Retail Clothing Store provides income on the 1st Floor. Features Contemporary space with Large Retail Display windows & outdoor display area on the busiest main street 100 KM to Toronto. Completely finished clean basement w/ Staff Room, Storage, 2 -2pc Baths & a Utility Sink & Closet. This is a Showstopper Investment truly Turnkey plus potential for added units. 4+ Parking spaces & it backs onto a public park lot. *Business is also for sale for those who want a live-work building! (Owner may rent back Commercial until Business is sold.) Potential on 2nd Floor for more living space or office, studio or commercial rental space. Buyer to investigate all intended uses but it could make a great second floor expansive Residential unit. Heat Pump upper floors. Gas MN Floor. A must-view beautiful opportunity with Rooftop Patio in the heart of town.