Is finding an attached garage, with room for two vehicles, plus extra space for a workshop or a home gym, or for your golf cart (if you happen to be lucky enough to live on a golf course) driving your search for a new home? And have you found that kind of garage usually puts the price of the home that it’s attached to, out of your reach? We may have the solution to your dilemma.

We have one of those garages and it’s attached to a brand new 1672 square foot, 3 bedroom, 2 bath bungalow, sitting on a one-of-a-kind lot, with gorgeous views of both a golf course and the Red River. The home was designed to take advantage of those views, but it was also built for the Manitoba climate, with 2 x 8 exterior walls and argon filled, triple pane windows. It’s a move in and put your feet up home. Multiple decks, landscaping, central air conditioning, asphalt driveway and walks, and a custom $11,000 window covering package are all included in the price of the home. We’ve even held off installing the window coverings, so the home buyer can choose their preferred color treatment.

With river lots in Winnipeg (without a golf course view) selling in the $650,000 range, you would normally expect to pay well over a million dollars for a package like this, but the price of this spectacular home is less than half that amount. And we don’t do bidding wars, so the price is the price.

So how do we get the number under $500,000 and make the lifestyle affordable? It’s all because of the unique ownership structure we have 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 high-end resort properties in many areas of the U.S.

So, instead of spending $600,000 to $700,000 to purchase the land, you pay rent of $700.00 per month for the use of the land. That rental rate falls under the Provincial Rent Control Legislation, so there’s little likelihood of a large increase in the future. This type of ownership structure also brings other substantial benefits with it. Firstly, because you don’t own the land, there is no land transfer tax on the purchase of this home (over $7,000). Secondly, and for the same reason, you don’t pay property taxes (easily over $1,000 per month). And lastly, you get a tax credit for the monthly rent you pay for your lot.

The home has now been staged and it’s ready for viewing. We’ve had a lot of inquiries while we’ve been setting the home up, so we don’t expect it will be available for long. There’s only one and when it’s gone, it’s gone! So, if you think this is something that might work for you, you can either take a chance and wait for Sunday’s open house (1:00 to 4:00) or you can arrange for a private viewing. Either way, you won’t be disappointed.

To arrange a private viewing, or to receive a detailed information package, call/text Tom Creighton at 204-229-1775, or email FBB@MTS.NET.

RIVERGROVE ESTATES
CITY CONVENIENT! COUNTRY QUIET!