$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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