At $200K, this Mississauga mobile home is ‘one of a kind.’ But you still may not be able to afford it

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At $200K, this Mississauga mobile home is ‘one of a kind.’ But you still may not be able to afford it
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For at least the past two years, not one mobile home in Peel Region has sold, according to a public list of sales.

Advertised as a “great investment,” the two-bedroom, one-bathroom mobile home at 3233 Derry Rd. E offers a price point that prospective homebuyers won’t find anywhere else on the market.and sales representative Sheetal Verma for more insight into the property.Unit 23 is among 23 other units in the Malton Mobile Homes Park. According to the listing, maintenance fees, which include water and taxes, are $150 per month.

“This is actually pretty good because the fees aren’t even high,” Litchmore said, explaining that a home listed for such a low price is usually paired with fees upwards of $700. “It’s one of a kind.” If an owner wishes to make any major changes to their lot, for example, buying a new trailer, they have to get approval from the corporation’s board of directors, she added.

While the lack of sales suggests that the price of unit 23 could be negotiated down even further, Litchmore said he doesn’t believe it would make much of a difference. Through “hot markets through not-so-hot markets,” nobody in recent years purchased any of these homes, he explained.According to Verma, there has been interest in unit 23, but there’s another factor that has stopped prospective buyers from sealing the deal: getting a mortgage.

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