First of all, this post is not about ski-in ski-out real estate for sale. It is however, about a Whistler investment opportunity, which is not currently being marketed on a multiple listing channel. We call that, an exclusive listing.
The sole purpose of this website is to post articles which are related to Whistler ski-in ski-out real estate. I rarely break this rule. Seems like once a year I take the liberty.
By the way, an exclusive listing means that the seller is not ready to market their property on a multiple listing system like Whistlerlistings.com. Since the property is in the final two weeks of a renovation, photographs would not do the house justice. In this market, a buyer should view any renovated property at a premium. In this case it really will make this Whistler investment property very simple to run.
If you have not endured a renovation within the last few years it is a project you really do not want to undertake especially in this market. There are not enough tradespeople to go around in Whistler. In addition, there is not enough housing available in Whistler to bring in and house extra trades from Vancouver. It comes down to supply and demand. Meaning that there is a growing demand in Whistler for trades, but a limited supply of tradespeople. Furthermore, the cost of housing is too high to make sense for the contractors to bring in more trades to meet demand. Consequently, it can take months to get a contractor or trade to commit to your renovation requirements. Surely, a renovated property is more appealing to a serious buyer than an un-renovated one.
Financial Summary for Whistler Investment
For any revenue producing property the spreadsheet has to speak for itself. That is why I have posted the detailed financial spreadsheet below. It should tell you instantly whether this opportunity to invest in Whistler is something you wish to pursue. The following summary is in Canadian funds:
- Forecasted gross revenue: $113,400
- All annual Expenses: $20,105
- Net Revenue: $93,295
- Mortgage: For Canadians the property requires a minimum of 30% down, which is $680,000. For Americans, the property requires a minimum downpayment of 39% down.
- Annual mortgage with 30% down is $82,553
- House offered at: $2,200,000
Investment Proposal for Whistler Staff Housing
I have a terrific information package which has all the information you will need to make your decision. Please call me (604) 938 3885 if you are interested in the investment property which, by the way, is walk to Whistler Village. I look forward to hearing from you.
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC V0N 1B1