Drake's BlogNovember 22, 2011
Stuck Paying Someone Else's Rent?
Don’t be! At Drake, you can own a home off 17th Ave and still have cash on the side to do the things you love.
Let’s take a look at our B1 plan (http://www.drake17.com/home/floorplans) for example: it’s an east-facing 1 bedroom home 538 square feet in size starting from $254,900. If we do a little math assuming a 3.49% 5 year fixed rate mortgage over 30 years, you’re looking at payments of $912/month.* And with condo fees under $200/month, it’s a really affordable option to get into the market.
And of course we all know that Drake features thoughtful layouts and elegant designer finishes. Rich laminate hardwood flooring, polished stone countertops, stainless steel appliances, and oversized ceilings are all standard features. And in the B1 plan, you get a large ‘cheater’ bathroom (where you can access it from both the main living area as well as the bedroom) and amazing floor to ceiling windows to capture downtown cityscape views and the Stampede fireworks.
All of this without the big price tag? Sounds pretty good!
*Calculation is based on 20% down. Pricing and rates are subject to change. Please consult a Drake sales representative for details. E. & O.E.