Blue Mountains - Blue Mountains
Blue Mountains - Blue Mountains
Sold For$640,000
Listed For $649,900
Sold Nov 2020
LICENSED STA CONDO! 2 bdrm, 2 bath, all ground floor, offered "turn-key". Currently managed by Vacasa with over $6,000 gross in firm future bookings as of Nov. 10th. Competing rental mgmt company claims ability to do much better, see LB. New owner must reapply for his own License but process is faster and simpler as active License has already been in place, app cost is $1,500. (Application forms in Docs tab or ask LB.) Recent income - 2019: approx $15,000 after mgmt fees & 2% remittance, July 2020 to date = approx $9,000 after mgmt fees & 2% remittance. Annual fees payable by owner are: taxes $2,211, condo fee $7,513, BMVA fee $284 (+ 2% of rental income), Snowbridge Assoc fee $995, heat/hydro/water/HWT rental: $4,735 = total $15,738. 1% BMVA transfer fee payable on closing. Recent
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