You can’t open a newspaper, or turn on your television nowadays, without seeing somebody talking about affordable housing. The story’s always the same; there’s a huge need, but very little is being done to meet that need. In our own small way, we think we can help.

If you’re someone looking for that rare affordable home, you might want to consider this super energy efficient, 1200 square foot, 3 bedroom, 2 bath home, priced at $279,500. Complete with appliances and central air conditioning, this move-in ready home can be purchased for as little as 5% down, with total monthly payments of $1,707. That’s less than the rent you would pay for most 2-bedroom apartments in Winnipeg.

How do we make it that affordable? It’s all because of the unique ownership structure at Rivergrove Estates, Manitoba’s premiere manufactured home park. In our park, you own your home, but you lease the land the home sits on. This form of ownership structure is used for many of the recreational areas in the province (Falcon Lake, the Whiteshell, Clear Lake, Hecla Island, etc.) as well as for many high-end resort properties in the U.S.

This unique ownership structure means no Land Transfer Tax on the purchase ($3,364), no property taxes (easily $300 per month) and you get a tax credit on the monthly rent you pay for your lot. Importantly, the lease on your land falls under the Provincial Rent Control Legislation, so there’s little likelihood of a large rental increase in the future.

There’s only one, and when it’s gone, it’s gone, so if you’re in the market for an affordable home, make sure you check out this unique opportunity!

To arrange a private viewing, or to receive a detailed information package, call/text Tom Creighton at 204-229-1775, or email [email protected].

RIVERGROVE ESTATES
CITY CONVENIENT! COUNTRY QUIET!