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1 - Friday, June 24, 1988 ~ North Shore News

KARLAN BUILDERS LTD.

The “Townhouse Specialist""is proud to prdsent LUXURIOUS
- TOWNHOUSES starting at $99,900. Locale in the heart ol the

Fraser Valley — ‘Abbotsford.

EVANSBROOK
- ESTATES’
“2: UNITS Soe
~ Display ‘units & sales ‘office at

., . 3351 Horn Road ;
* (off Mactlure , E. of Gladwin Ra.)

KINGS VIEW
+ ESTATES
. 60 UNITS
$3922 King Road (next to
Fraser: Valley College E. of '
-McCallum, S. of freeway) |
Linder. Construction. Now!

CHOOSE YOUR SITE HOW!

THESE. UNITS ARE PRESELLING FAST

oth Evansbrook & Kings View feature: .
from, 1,157 to, 506 sq.ft..of .¢ recreation facilities
- hdxury:. living space. > RV. parking :
° level entry with walk- out - @ close. to shopping, golf course,
., basements” “=. hospital’and other. amenities of
* mountain’ views": “. Abbotsford = -
@ oak, or European kitchens ., ° age restricted to 45 years, and
° decorator ‘light, fixtures ~ “over

5 OP MAIN. ‘OFFICE Is located’ on Site at Kings View Estates

Ponday to Friday 9 a.m.-5' p.m. 7

- = Weekends from Noon to § p.m.

Evenings RUDY. or. BARBARA 856 sg. 308).
“KARL §34-1937'or RUBY 852-1534

|

olgage insurance

A LARGE part of Canada's,

existing housing stock was
built Over 20 years azo. to
satisfy the demand created,
in part, hy the post-war baey

_boom.

Like their original occu.
pants, many of these homes
may now have started to
show a few wrinkles,

As the turn-of the century
looms sloser,, Canada Mor-
“pag and Housing Corpora:
tion “cites the need for the
tehahilitation, cand im.
provement was created ©
encomwape

ings. Presious CMHC mer
programs

hanicowners to.
“improve their older dwell
federal government

applied. only to first meor-
trages,

Insured second mortgage
loans have the advantage of
the same (lower) interest
charges norm
first mortgage Joans. j-

Second mortgage loan in-

surance is available for the
tehabilitation or purchase of
Single units and fer two-unit
huildings if ane unitis oc.
cupied by the owner,

As with all CMHC mor.
{gage insirance programs,

the lender has full protection
against borrower. default:
The loan: iy backed by the
accor:
ding.to provisians of the Na

ally applied ta:

also appiied

—— Renovate older home

tional Housing Act,
Naturally, the insured
loans. carry conditions
specified by. CMHC,
Although there is no fixed
maximum loan amount, the

first and second mortgages
cannot execed 90 per cent of

the first $125.000 and 80 per
ecnt “\ the remaining total

“value

The minimum ‘second
mortgage joan ameunt is set
at $10.000-and the term must

‘he no tess than one year.

. To. protect: itself lagainst”
borrower, default, -CMHC

mandatory -
conditions to “these and all:

mortgages iti sures.”

a g JURt live nerve

“B gatage Sunny 1ear.deck, beautifully landscaped;
BR ity creck, fenced. M. us.

B. yt 3) home ath 3 axirms, A
A magier-ensts baton main level. Lower lave!
B offers rec tm. dan or bdrm, workshoo A double

OPEN SAT, & SUN. ve :

“2.BR, 2 lull bathrooms, /t470 sq tti-- bright 4 f

“spacious, view’ to Lions. Gate: bridge, city & f
_snquntains, Crase to amonitias. Very, vary unique. §

: 4-240 West’ 16th St, West Van & i

A BARRY T. SMITH 986-0321, Pager 645.967 0 FARIMA ROBERTS 929-5577, 986-9321 |

The Ri ght Price |
4 of our townhomes are’ now: i sold and A indie are*5 of the North
Shore's best’ still available,. including 1 only’ 2 be droom: & den also

| 2 fabulous corner: suites.

oo \.
‘All our townhomes have been built for you starting ‘with: our ex:

||cellent location-only steps West of Lonsdale Ave. set in.a lovely| oe

garden paradise“Some of-the features. are. 2.bedrooms, 2%. baths,

12 security underground parking spaces, \&:extra large: patios plus

basements, The, average size is approx, 1550 to'1700 sq.ft. & are a

compelatively-priced from $155, 500 * tov $1 58; 500.

~ Call for. -exciusive appointments. to. view.