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Forest Village

3.0 based on 3 reviews

1909 Salton Rd. Abbotsford British Columbia Canada

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Storeys:
3

Forest Village at 1909 Salton Rd is located in Central Abbotsford nbsp This great location is only blocks away from the University College of the Fraser Valley Highway 1 Towne Cinema Theatre Wal Mart and the new Hospital Strata fees include hot water and heat nbsp This affordable complex features on site rental management for investors and an outdoor pool to enjoy on those hot summer days

3.0

Above Average

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All Reviews(3)

Anon

Anon

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BAD INVESTMENT HANDS DOWN

Reviewed on

as an owner investor at FOREST VILLAGE for the last decade or so I have to say all in all I would have been better off burning 20 bills than investing our money here The strata fees are over 400 month for a 3 bedroom and the YEARLY SPECIAL LEVIES run at 1300 each and every year As owners our fees not including our mortgage property taxes and insurance are over 6 000 a year the onsite manager can never be found and is overpaid to do very little He's unprofessional and doesn't do what he is paid to do The complex is mainly run by the Offsite management company who never seems to know what is going on The place is run down and the rental sale turnover is HUGE No one seems to like to live here We purchased this property as an investment for our retirement however as all we've done is spend spend spend without reaping the profits we finally made the decision to sell We managed to get an ok price however when we add all our expenses over the years we have sold at a HUGE LOSS I would not recommend anyone waste their money here Forest Village Anyone still considering a purchase here we would strongly recommend you do your research The true answers are from other owner investors and the renters on this complex and not what the management company realtors have you believe

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Keithstrang

Keithstrang

Owner
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N/A

Great Investment

Reviewed on

I own a unit in this building and it is the best real estate that I have bought overall for rental purposes that it As others have stated the building is nothing special but they seem to take care of it When they need to spend money they have no problem getting owners to agree The prices are very low and the rental is quite high 725 for a 1 bedroomn unit There is an on site manager that currently only charges 20 per month to manage the property deposits rent cheques each month etc It does not get much better Oh yeh it is loicated very close to all amenities superstore etc I reccomend for sure for investment

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Keith

Keith

Owner
Condition
Maintenance
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N/A

Great Investment

Reviewed on

I visted a person renting in this building and it struck me that this would be a great investment The building is nothing special in fact not really the kind of place I would want to live looks like your typical rental building needs some updating etc But when I found out how much rent was and what the price of the units are I realized it would be a great place to own There is an on site rental office so I talked to them to get more info turns out they take care of everyhting if you own all you have to do is nothing great idea and it could actually pay for itself A large number of the units are rental units and it seems there is never much of a problem finding renters

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