- Joined
- Mar 13, 2019
- Messages
- 2
Hi everyone,
I am a relatively new real estate investor from Richmond, BC. Since my first deal in the winter of 2017, I've focused on single family homes, taking on both fix and flip and buy and hold projects.
Looking to get into the multifamily space. Edmonton seems like a much better market to do so than the GVRD where rent control exists & cap rates are low.
I am looking for some input on a 12-unit in the McCauley area in Edmonton but am unfamiliar with the neighbourhood. Any feedback is much appreciated!
The suite mix is 10 bachelor units, one 1-BR, one 2-BR, with one commercial space. Bchlr suites range from 320-500 sqft. 1955 bldg w/ 3 garages.
Listed at $1m. Avg rent for the residential suites is $700 per proforma.
Thoughts?
I am a relatively new real estate investor from Richmond, BC. Since my first deal in the winter of 2017, I've focused on single family homes, taking on both fix and flip and buy and hold projects.
Looking to get into the multifamily space. Edmonton seems like a much better market to do so than the GVRD where rent control exists & cap rates are low.
I am looking for some input on a 12-unit in the McCauley area in Edmonton but am unfamiliar with the neighbourhood. Any feedback is much appreciated!
The suite mix is 10 bachelor units, one 1-BR, one 2-BR, with one commercial space. Bchlr suites range from 320-500 sqft. 1955 bldg w/ 3 garages.
Listed at $1m. Avg rent for the residential suites is $700 per proforma.
Thoughts?