Investment

Wright Realty

Real Estate agents specializing in residential / rural homes / housing, commercial listings, farm properties in Moncton New Brunswick Canada

Wright Realty Serving Moncton New Brunswick and Surrounding areas

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Have you ever wondered how you can get into Real Estate investment ?.

If you have saved or have some cash to invest but never seem to have enough money to purchase an investment property outright with the Bank owning most of your investment maybe you should look at Moncton New Brunswick, Canada as a safe and affordable place to invest.

Did you know that Moncton New Brunswick has some of the least expensive homes and Real Estate in Canada. Moncton is the fastest growing city in Atlantic Canada and has one of the most stable Real Estate markets in Canada. The appreciation in the Moncton Real Estate market in the last two years has been approximately 25- 30%.

Compare an investment of $ 100,000.00 in Vancouver with the same investment in the City of Moncton.

Vancouver :

Invest $ 100,000.00 in a two bedroom unit in a down town Vancouver.

You compare the figures and the net income between the two Cities:

Vancouver B.C.

Purchase price of a two bedroom Condo down town Vancouver.

Purchase price $220,000.00

Your 100,000 as deposit $100,000.00

Mortgage of $120,000.00

Payments over 25 years at 6.5% 810.25 monthly ( 25 Year amortization )

Interest paid over 25 year period $123,074

If you rent the apartment you may break even on the mortgage and will have to pick up the up keep, insurance and any other costs out of pocket. Your return on your $100,000 is zero. You take your chances on appreciation.

Mocton New Brunswick.

On the market today 12/16/2002 MLS# 223498. 4 Unit apartment building with 1 - 2 bedroom and 3- 1 bedroom apartments.

Purchase price $83,900

deposit nil keep 16,100 of your cash in bank

Revenue from property $ 16,800 per yr

Your return on your $ 83,900.00 investment each year is $ 16,800.00.

These examples do not allow for costs associated with owning and operating your investment nor does it include income from appreciation on either investment. What is clear is that a small investor can buy and own their building outright in Moncton without a mortgage and can generate a $ 16,800 yearly gross income. The Moncton example is based on and actural listing as at 12/16/02 in the City of Mocton. Other listings include MLS# 223559 for $ 103,900 and MLS# 223225 for $ 144,900.00. Bear in mind that these are the asking price and some if not all of these building may be bought for less.

The same situation may exist with small commercial and industrial buildings in Moncton

If the prospect of investing in Moncton or other areas of New Brunswick contact Mr. Ivan R. Wright Owner / Broker of the Wright Realtors for information and assistance in finding and purchasing your investment properties. Visit our Agent's page for more information about Mr. Wright.

Watch this web page for updates on investment opportunities in Moncton New Brunswick.