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Condominium

For Sale

$454,900 Price Includes Parking & Locker (on select suites)

5 year Rental Guarantee* Condos - 57 Owen St, Barrie

Barrie (Barrie, Ontario, CA - L4M 3H2)

Invest Select Rental Program (ISRP)

Estimated Mortgage$2,448/month
1Bed
1Bath
584sq. ft.
~Pre Construction~

The Residences On Owen by Ballantry, Gillam, and Traditions. The site is located adjacent to the Barrie Public Library in the downtown core of the City. The Residences will occupy an
entire City block and offer views in all directions with premium views to the south, east and west. The Residences will be within easy walking distance to local shops, restaurants, art gallery and financial institutions.

Ballantry, Gillam, and Traditions have created a model that is a win-win for its senior residents and for the clients who purchased condominiums there. They have developed a management company with a unique program called the Invest Select Rental Program (ISRP).

When opted into, the ISRP allows condominium purchasers to benefit from the three most important pillars of real estate investment: rental income, market appreciation and mortgage pay-down, while all day-to-day property management tasks are taken care of including the payment of property taxes and maintenance fees.

The ISRP delivers positive monthly cash flow to each purchaser with a five-year condominium lease in place from day one. Upon expiration of the lease, the lessee will have the option to purchase the units from the owners at the then current market value with a stipulation it will be for no less than the original purchase price should there be a down
turn in the market. This commitment creates a safety net and gives purchasers peace-of-mind going into the sale. It also helps to avoid being surprised by a lot of typical pitfalls that can occur if purchasers decided to lease the unit themselves.

The ISRP is perfect for real estate investors that believe real estate is a great wealth building product but don’t want to be hands-on with all duties and responsibilities. The program combines monthly cashflow, mortgage paydown, and the potential for market appreciation while limiting the downside in the event of a market correction.

The Residences on Owen is coming soon to the bustling address 57 Owen Street, Barrie, ON. Residents will find an amazing assortment of entertainment, retail, and much more. No Frills, Shoppers Drug Mart and many are mere steps away. Venture out a little, Toronto’s top stores are also nearby. For example, Canadian Tire, Costco, LCBO, Metro, Loblaws, etc.
Brokered and Advertised by: Homelife/Miracle Realty Ltd., Brokerage
Information is deemed to be correct but not guaranteed.

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