Sunday, January 14, 2007

We bought a house!

Oh yes. I didn't expect this to get done in a week. Crazy. I don't have a picture of the house, unfortunately.

We saw the place Friday night. We walked in and said, "This is the one!" It's a triplex. First floor appartment is 1-bedroom, all original wood, brand new carpets, paint, kitchen stuff (sink, fixtures). Good colour taste too. Second appartment is 2 floors, on second floor a bedroom, living room, kitchen, bathroom, on third floor another bedroom. The amazing thing about this one is the bathroom. Slate floors, cathedral ceilings, a SKYLIGHT! All new paint, carpet, fixtures up here, too. Third apartment is the basement, pretty typical 1-bedroom, but pretty bright and spacious for a basement. It needs a bit of finish work (paint).

So we get home, and it's listed for the ridiculous price of $179,900. What the heck is wrong? This is nicer than most of what we've seen at 210. We make an offer and figure out why. Two young guys bought this house last year to flip it for a profit, and they now HATE each other and are out of money. They need to sell, and they need to sell fast.

So we bought it for $170,000. I should say we stole it. Amazing. Who knew we could be so lucky? Well - it still has to pass inspection, but we shall see. He had an inspection done when he bought it a year ago, and he's insured. So I don't think it'll be a problem.

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