1 vs 2 vs 3 bedroom condo

[Nitin]

I'm looking at purchasing either of a 1 or 2 or 3 bedroom condo in an Edmonton neighborhood called Callingwood.



I'm guessing a 1 or 2 bedroom could be rented fairly easily but am concerned that there'd be some difficulty renting a 3 bedroom, because if they could rent a 3 bedroom condo for around $1200, why not just go rent a house?



Any thoughts? - thanks in advance for all your energy and contribution of ideas.



Nitin.

 

[MrHamilton]

Any option for a 1 bedroom plus den? In a good economy it can be rented as a large one bedroom. In a bed economy, it can be a poor man's two bedroom.



Have you had a look at CMHC's market rent analysis? Typically the incremental rent from a 2 to 3 bedroom is small.



Hope that helps!

Erwin

 

[housingrental]

Go with 2 bedroom or 3 over 1 for most areas if rent to purchase price portions are same... they are never same... so answer is always : IT DEPENDS



More info needed