NEW RELEASE OF SUITES FROM THE MID $400s - FIRST COME, FIRST SERVE!
57 Owen St, Barrie
Jr One Bedroom - Two Bedroom Suites
555 sq ft - 1,334 sq ft
18 Storeys / 278 Suites
Ballantry Homes & Gillam Group
Pricing: Starting From $443,900
Living & Dining
When Ballantry, Gillam, and Traditions were planning the Residences on Owen, they wanted to create a model that was a win-win for its senior residents and for the clients who purchased condominiums there. It’s for that reason they 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. 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.
Reasons To Buy
- Located in the city of Barrie which has seen an astounding population growth with an increase of 5.4% from the last time it was measured in 2011, growing at a faster rate than the national growth rate which was only 5% proving to be a highly desirable location to invest as house prices in the Toronto area continue to rise!
- Only a 10 minute walk to Lake Simcoe where an array of activities can be enjoyed such as: stand up paddle boarding, kayaking, canoeing, biking trails, hiking trails, farmer markets and more!
- Perfectly located for commuters as Highway 400 is only 3 minutes away!
- 6 minutes from the Allandale Waterfront GO Station where you will have access to both GO Bus & GO Train services
- All of your shopping needs can be found in the surrounding area having a fantastic assortment of retailers such as: No Frills, Shoppers Drug Mart, Canadian Tire, LCBO, Loblaws, Metro, Costco and more all less than 10 minutes away
- 5 Minutes from Georgian College which is home to 13,000 full-time students including 3,600 international students
- The Residences on Owen is being developed by a pair of highly reputable developers, Ballantry Homes & Gillam Group, who possess over 25 years of building experience!
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