I have listed a new property at 1321 MONCTON AVE.
No strata fee 7 year new half-duplex. 3 bedroom 4 bathroom with partially finished basement awaiting your ideas. Central air-conditioning, high efficiency furnace, single car garage, open kitchen with island, marble floor and more. Owner occupied since new, possession date is flexible.
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I have listed a new property at 2657 YOUNG AVE.
Brock cul-de-sac to be vacant at the end of August! Does mom want to live in the level entry 2 bedroom suite? Are you an investor looking for a decent cash flow? Don't miss out in this fast paced market!
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I have listed a new property at 3037 DALE ROAD.
Have you been looking for a peaceful retreat from the hustle and bustle of the city? The tranquility of relaxing by the river on your acreage? Come and find the rural beauty and access to all kinds of recreation in this property. You will be only minutes from Red Lake with its camping and fishing, the mountains are right outside your back yard for biking and hiking. This cozy 3 bedroom home has decking on two sides for taking in the view, you will also have a 7500sqft garden, 30x60 greenhouse and 32x48 workshop/barn on this very usable land. This property also has a shed and two new storage containers close to the home for any storage of items in case you want this property as a weekend retreat. Country living awaits.
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I have listed a new property at 210 FORT AVE.
*Investor Alert* This fully suited 2 bedroom up 2 bedroom down home just over the bridge on the North Shore is perfect for either an investor, first time home buyer, or a small family looking to have a mortgage helper. The location is prime, close to downtown, TRU and Schubert with trails, parks and schools very close. Well maintained with a brand new roof as of May, newer windows down, one small shed and a large shed/shop for either storage or a work space. You will have tons of parking with ally access and a private back yard for entertaining or the kids to run around. *Currently tenanted upstairs so 24 hour notice at minimum is required*
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I have listed a new property at 1329 BOSTOCK CRES.
DETACHED SHOP! HUGE MASTER BEDROOM AND ENSUITE!! Enjoy living in a quiet riverside community without giving up a spacious master bedroom & ensuite...... did I mention the detached double garage/workshop? Only 25 minutes from downtown Kamloops or head east to Shuswap lake 20 minutes the other direction!
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I have listed a new property at 105 751 GRANDVIEW TERRACE.
Kids at TRU? Wanting a hands off investment property? Here's a fully renovated 2 bedroom unit across from TRU! Unobstructed river views from the covered deck, low strata fee, great parking, and coin operated laundry in this rental friendly building! Bathroom, flooring, kitchen all re-done with a large in-unit storage room. No pets allowed.
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I have listed a new property at 373 VICTORIA STREET.
A wonderful family run business with a great culture of people within the community helping one another. Funny Pages has been building up its loyal customer base for the last 7 years and has many collectibles from LPs to Comics to old school video games and everything in between. This is a turn key business for anyone with the passion for this industry, and just signed a new 5 year lease for your peace of mind. This business is located in a prime location between 3rd and 4th on Victoria in the hub of downtown Kamloops, with excellent street exposure. Come and take a look at your new opportunity. Serious inquiries only. Call for all inquiries.
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I have listed a new property at 771 ST PAUL STREET.
Downtown home without the giant price tag! One bathroom in this home which is being used as a 3 bedroom, however the large bedroom downstairs does not have a closet. If you want your own yard, and to live in an amazing neighbourhood within easy walking distance of downtown, and the potential of commercial use as well, this could be for the property for you! Lane access from the back as well!
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I have listed a new property at 629 ST PAUL STREET.
Location location location! RM-2A zoning allows for commercial or residential use in this 3 storey downtown Kamloops home featuring a detached workshop, unfinished basement with separate entrance, ready for your suite to be built! (most of the plumbing in place, professionally done). 3 bedrooms upstairs, one is tiny which would work for a nursery of office, plus a den on the main level currently being used as 3rd bedroom. If you want to walk downtown in minutes, this is it!
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I have listed a new property at 204 751 GRANDVIEW TERRACE.
Son or daughter attending TRU? Have you always thought investment property would be nice to have? Tenants have just moved out. 2 bedroom units in this complex rent from $900-$1200 per month. High demand in this area of Sahali and great walkability score because of proximity to Thompson Rivers University, Superstore for groceries, and Kenna Cartwright hiking trails. Easy to view. Don't wait!
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I have listed a new property at 41 ST PAUL STREET W.
Can it get much better than this? A two minute stroll to the farmers market on a sunny Saturday morning followed by a day spent in Riverside park enjoying the sandy beaches of the South Thompson River. Perhaps a coffee shop or boutique shopping is more your style followed by a Kamloops Blazers hockey game or concert all within a 5 block radius! This home has undergone many updates but still maintains the charm that Mr Henry and Mrs. Frances Morley enjoyed when they first moved in back in 1908! Come experience one of the most impressive properties the Kamloops West End has ever seen! 6 parking spots (3 front/3 off the lane) on this 1 and 1/2 lot property. Plenty more to discover here, your journey has just begun!
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I have listed a new property at 9792 MEADOW ROAD.
Very private 5.68 acre property located near Red Lake only 35 minutes from Kamloops Airport. Large home features an open concept living/dining room, skylights, huge 25 x 28 garage, new roof and full basement (partially finished) waiting for you ideas! Property is fenced and cross fenced and ready for animals if so desired. There is some very nice flat and useable land at the front of the property. Don't wait!
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I have listed a new property at 8702 BADGER DRIVE.
4 year old custom design with a self-contained one bedroom in-law suite (separate heat and laundry). If you like the idea of living in a home that is set apart from a spec house and has a WOW, here it is! Amazing views and natural light thanks to the oversized windows! Upgraded to LED lights throughout, an amazing kitchen with open concept dining and living rooms, and a unique partially covered sun deck with natural gas hook up, accessed by french door off the kitchen! This house is different and priced to move! Call today!
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I have listed a new property at 2033 STAGECOACH DRIVE.
Well kept 9 year old Batchelor Heights home! Unfinished space downstairs is plumbed for an additional bathroom, and ready for a bedroom and large rec room area! Three bedrooms on the main floor make this a perfect family home, with a level walk out yard (off the kitchen), awaiting your kids to play or your garden to flourish this summer! Click the multi media icon for a walking video tour!
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I have listed a new property at 25 1435 SUMMIT DRIVE.
$1200/mo. utilities not included. Great tenants and easy hands off investment! Main floor with spacious patio and recent updates on TRU bus route and in the heart of Sahali!
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I have listed a new property at 199 ARROWSTONE DRIVE.
6 bedroom Sahali home with a fenced backyard that backs onto Sahali Secondary School field. Inlaw suite. One of the most central locations in Kamloops! Minimum 24 hours notice for showings, 48 hours is preferred. Schedule A to accompany all offers.
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What you need to know before applying to BC's new mortgage program to help 1st-time homebuyers with your down payment

As of January 16th, 2017, first-time homebuyers can now apply for a loan to go towards their down payment with the B.C. government's new Home Owner Mortgage and Equity (HOME) Partnership Program. If accepted, a homeowner could receive a maximum of $37,500 - or up to 5% of the purchase price - with a 25 year loan that is interest-free and payment-free for the first five years and is registered on title as a second mortgage.

 

Since applications opened, more than $1 million in loans have been granted to first-time home buyers. The HOME program is set to run until March 31st, 2020, as an effort to alleviate some of the financial burden of saving up for a down payment in the province's pricey housing market.

 

If you're thinking of applying for this program, here are the criteria you must meet in order to qualify for the loan:

 

  1. Timing: Any deals with a closing date of earlier than February 15th, 2017, will not be considered.

  2. Price: The property purchase price must be equal to or less than $750,000 (excluding taxes and fees.)

  3. High-ratio, insured mortgage pre-approval: Before applying to the program, applicants must be pre-approved for a high-ration, insured mortgage. A high-ratio mortgage means the down payment is less than 20% of the purchase price. The minimum down payment required in order to obtain mortgage insurance from the Canada Mortgage and Housing Corporation depends on the purchase price:

    • If the purchase price is less than $500,000, the minimum down payment is 5%
    • If the purchase price is above $500,000, the minimum down payment is 5% of the 1st $500,000 and 10% on the remaining balance

  4. Principal residence: All individuals on title must live in the home as the principal residence for 5 years after the purchase (or less if the loan is repaid in full.)

  5. First-time home buyers: Applicants must be a first-time homebuyer who have never owned an interest in a principal residence anywhere in the world at any time and have never before received a first-time homebuyers' exemption or refund.

  6. Income: The total annual household income for all individuals on title cannot be more than $150,000.

  7. Residency: Applicants must have resided in BC for the past 12 months prior to applying for the program.

  8. Location: The property must be located in BC.

  9. Citizenship: Program applicants must be Canadian citizens or permanent residents that have resided in Canada for at least 5 years.

  10. Possession: Under this program, purchasers are required to take possession of the purchased property within 30 days of closing and must move in within 6 months.

BC Home Partnership Program Infographic


Additional Considerations

• The first 5 years are interest and payment free. However, once year 6 hits, interest will start accruing and principal/interest payments will begin, amortized over the remaining 20 years. The interest rate will be set at the Royal Bank of Canada Prime Rate, plus 0.5% at each of the 10th, 15th, and 20th anniversary dates.

 

• You should speak with your mortgage broker or bank representative before applying to make sure your lender will allow you to register the program loan on title as a second mortgage, which traditionally lenders do not permit on mortgaged properties.

 

• You may have your options reduced when it comes to re-financing your mortgage after year 6. This is because of the new stress test for loan eligibility which sets a debt ceiling of no more than 39% of household income going to home carrying costs, such as mortgage payments, heat, and taxes. While the HOME program loans are designed to be interest and payment free for the first 5 years and are presumably wouldn't impact that calculation of home-carrying costs during this time, home owners could have their re-financing options reduced after year 6 due to the emergence of a new debt obligation.

 

For more information about this program, including the application process, visit gov.bc.ca/housingaction

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I have listed a new property at 157 700 TRANQUILLE ROAD.
Successful pizza shop! Canadian 2 for 1 Pizza has been successfully run for the past 14 years by the current owners. Owner is willing to stay on to train the new buyer. Profitable business!!
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I have listed a new property at 199 ARROWSTONE DRIVE.
6 bedroom Sahali home with a yard backing on to Sahali Secondary School! More photos coming soon! Inlaw suite. Schedule A to accompany all offers. 48 notice preferred for showings.
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I have listed a new property at 8749 TRANQUILLE CRISS CRK ROAD.
A beautiful rural property bordering Tranquille creek. A quiet area to relax, and a recreational retreat. Approximately 33KM north west of Kamloops, this 0.785 Hectares of crown land is fenced, and cross fenced, with three main buildings, a shop and gazebo. You are a few KM to Red Lake with fishing and camping, as well as the beautiful forest you are surrounded in. This license to occupy is through the land act with affordable yearly fees. Come and experience this rustic beauty for yourself.
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