http://www.marinusliving.com
So from this chinese newspaper, their advertisement states:
-new price $437,900
-20% down = $87,580
-4.5% rental revenu yearly = $1,642 per month
-mortgage (based on scotiabank 2.25% variable, 35 years) is $1,204 per month
-$438 in your pocket every month
-it even states all these fees waived (building management fee, property tax, insurance, rental management fee, and legal fee)
-buyer pays hst
I do see the fine print that says this company is allowed to cease this and all promotions without notice.
I'm a total noob at this, so I'm wondering, are they renting this out and managing it for the buyers?
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