HARBOURLIFE BY LIFEWISE | HAMILTON

Starts from: Starting From $369,999

476 James St N, Hamilton, ON

Overview

Property ID 1680
Price Starting From $369,999
Property Type By Occupancy, Luxury, Mid Rise
Developed By LifeWise
Number of Storeys 7
Sq Ft Range 380-808
Price Range (Price subject to change without notice) $369,999-$699,999
Occupancy Winter 2023
Deposit Structure $5,000 at Signing, Balance to 5% - in 30 Days, 5% - Start of Construction - 12 Months, 5% - During Construction - 20 Months, 5% - Occupancy - 30 Months, 5% - Registration - 36 Months
Parking Maintenance $32.10/month
Locker Maintenance $10.85/month
Free Assignment Value of $5000 (Plus Legal Fees & HST)
Capped Charges Development Charges are capped at $3,000, Closing Adjustments capped at $1,500
Contractual Assurances 18 Month Post Close - Buy Back Agreement with LifeWise, Mortgage Coverage Pay Back (capped payment with a fixed interest rate of 3.5% at 75% LTV, Amortized 25 Year Mortgage), 18 Month Free Property Management and Tenant Placement, 18 Month Free Property Tax Credit, 18 Month Free Unit Insurance
Investor Returns 40%+ Total Investment Return (targeted return based on a 4-Year Exit. Speak to your Sales Representative for more information.), 20%+ IRR on Investment (targeted return based on a 4-Year Exit. Speak to your Sales Representative for more information.)

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Description

The unique seven-story retirement condominium is designed as a location landmark that enhances the neighbourhood with its welcoming, modern yet classic exterior/interior architectural design style. Featuring market-leading facility attributes that offer a safe, comfortable and neighbourhood accessible advantage to our residents’ lifestyle.

Hamilton’s post-steel-town boom is on the horizon with an ambitious billion-dollar waterfront transformation and with just minutes away, “Harbourlife” is destined to become a community-enhancing, highly desirable peace of mind investment.