The Grand Atlantic Development is located in Warwick, and comprises of 60 two bedroom/one bathroom homes and 18 three bedroom/two bathroom homes. Prices range from $495,000 for a 2 bedroom home, up to $665,000 for an ocean view 3 bedroom unit.
Six months ago Public Works Minister Michael Weeks announced that 100% financing for the units will be offered to qualified first-time home purchasers.
With 100% financing, a 25 year mortgage [at 6.5%] for the 2 bedroom is approximately $3,340 per month, while a 25 year mortgage for the 3 bedroom unit is approximately $4,500 per month.
- Upcoming: Grand Atlantic Open House
- Grand Atlantic Condos: “Take A Step Back”
- Grand Atlantic Sales: 5 Approved, 15 Being Screened
- BEST: Suspend Grand Atlantic Development
- OBA: “PLP Blaming Anyone But Themselves”
- OBA: Grand Atlantic ‘Poorly Conceived Project’
Articles that link to this one:
- Grand Atlantic Condos: “Take A Step Back” | Bernews.com | March 8, 2013
- OBA: “PLP Blaming Anyone But Themselves” | Bernews.com | March 12, 2013