$1,536,000

Commercial Apartment Building #1: 115 Leinster Ave. S

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Breakdown:

Purchase Price: $1,536,000

Carrying Costs: $102,000

Closing Costs: $40,000

Renovation Cost: $330,000

Down payment: $199,000

VTB:  $492,000

Original Mortgage: $945,000

Refinance Value: $2,850,000

New Mortgage: $2,000,000


Result: All Capital Out

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