buy or not to buy?

zarmas01

Inspired Forum Member
Registered
Aug 22, 2013
59
4
8
#1
Property in Ontario, price in low $400K, fully renovated, 2drm main unit rents for $1650 +Util, 1bdrm rear apartment rents for $1100 +Util. In an area with very low vacancy rate of under 2%. Building age is 50yrs, semi-detach, pretty much turn key.
 

ThomasBeyer

Senior Forum Member
REIN Member
#2
Seems like an OK deal there is some decent UPSIDE in the town. is there ? New LRT coming ? jobs ? close to expanding city or factories ?


Are there any deferred maintenance issues like roof, boiler, electric wires, plumbing or windows ?

pretty much turn key.
Until the key doesn't turn anymore due to age ...