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  1. Mike Milovick

    KWC Kitchener - $649,900 Modernized Residential Duplex One Block from Kitchener Market LRT

    Opportunity abounds! Renovated duplex in Downtown/East Ward beckons for your immediate attention! Nearly $34,000+ Gross Annual Income available here! Hi-lites: Updated kitchens with contemporary white cabinets. Modernized bathrooms. Carpet free. Newer vinyl windows, newer roof, newer furnace...
  2. Mike Milovick

    KWC Waterloo - $899,900 Updated Residential Triplex Generating $43,500 Gross Per Annum

    $43,500 Gross Annual Income Available Here! Income with Updates! This purpose-built triplex beckons for your immediate attention. This is NOT a drive by. With great tenants and major cap ex done recently, this is an easy add to your investment portfolio. Numerous updates: each unit has newer...
  3. Mike Milovick

    KWC Waterloo - $879,900 Duplexed Mini-Mansion Boasts $72,000 Gross Annual Income

    $72,000 Annualized Gross Income with Opportunity for More! Perennially rented! Rental licensed, City-approved opportunity in desirable MacGregor Albert Heritage Conservation District! 3600+ SF. Building format has two 5 bedroom units. Spacious units with over sized bedrooms/common areas in a...
  4. Mike Milovick

    KWC Waterloo - $2,100,000 20 Student Fourplex One Block from WLU and 15,000 Students

    $126,000+ Scheduled Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2004. In floor...
  5. Mike Milovick

    KWC - Waterloo - Beautiful, Modernized Urban Towns starting in the mid-350's

    REIN Members. Get on this one! Video: Nice, spacious units. At least three baths per unit. Some with four. Kitchen and bathrooms updated. Ten minute walk to Science and Tech park. Truly Unbeatable value. Email me - mike@teammilovick.com to arrange a showing. Mike Milovick, CCIM, BBA...
  6. Mike Milovick

    KWC Waterloowith 26 Units

    Welcome to Quiet Place - bright, spacious and modernized suites ready to call home! Exceptional value: each unit comes with a contemporary kitchen with glass back splash, island and stunning quartz countertops, updated bathrooms (22 units have three bathrooms), open concept main floor with...
  7. Mike Milovick

    London – Student Lodging - $799,900 - $55,800 Gross Income! Rental Guarantee! Student $1197 Positive Monthly Cash flow with 20% Down

    $55,800+ Gross Income Available Here! Income Stream Guaranteed by Developer. $1197 Positive Monthly Cash flow with 20% down INCLUDING property management. Offered at 5.5% cap rate. Six bedrooms with lease starting in September. 6.5 baths - an ensuite in each bedroom! Building comes with...
  8. Mike Milovick

    KWC - Waterloo – Student Triplex - $1,069,000 Positive Cash Flow

    Over $85,000+ Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down with a projected 5 percent cap rate. Well-maintained, City approved, rental-licensed property featuring three D2 rental licenses (two five bedrooms and one four bedroom). Lots of...
  9. Mike Milovick

    KWC - Waterloo- Brick and Beam Six Bedroom Student Loft Condo- $439,900 - Nearly $41,000 Gross Annual income. Heart of Uptown Waterloo

    Nearly $41,000 Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down - boasting a projected 5 percent cap rate. See Investor Work Sheet link below for full financials. This is the only 6 bedroom suite in the development! Suite was developed in 2002 utilizing...
  10. Mike Milovick

    House Purchase Triggers GST?

    Also, just further clarification. HST can even be applicable on residential resale. I am aware of situation of a cottage deal where, based on short term rentals, it was deemed that HST WAS applicable. Devin makes reference to substantial renovation. I *believe* the percentage is 85%. I have...
  11. Mike Milovick

    House Purchase Triggers GST?

    Take the approach that HST is applicable to EVERY good and service in Canada. And that there are a few cases where it is exempt - such as residential re-sale. The seller is to provide a certificate regarding HST on sale. HST has a nasty time of cropping up on you every now and then - if you...
  12. Mike Milovick

    Investing in private mortgages

    I hold several private mortgages. They can be very lucrative and a nice way to provide diversification to an established portfolio. My thoughts: 1. Have a solid understanding of the market that you are investing in. REIN Gold Mine Score Card is a good starter. 2. Don't be awed by the optics...
  13. Mike Milovick

    Private Money Avg Rates

    Some great information here. Based on my own experience, I would also make sure there is a renewal fee. So if it's a two year commitment, at end of two years, borrower pays an additional charge for privilege of renewing. Tied into that, after the initial term, I would re-set the interest rate...
  14. Mike Milovick

    First time renting basement

    For a lease, join your local landlord association. They will have the clauses that are relevant to your province. Sent from my BBB100-1 using myREINspace mobile app
  15. Mike Milovick

    Multifamily Realtor Commission

    Hi Cory; With all due respect, if a property is listed on MLS, the buyer agent sees what is offered to him from a co-op broker perspective. So the public sees only one part of the commission available. The listing agent commission is never known - unless you are the seller. It would be a...
  16. Mike Milovick

    Multifamily Realtor Commission

    I think you get what you pay for. You pay peanuts, you get monkeys. You pay a reasonable commission, every multi-res apartment expert in Ontario makes an effort to sell the listing. Seller paid me $300k and won an additional $625K over list. Thomas: you may disagree, but if I was seller, I...
  17. Mike Milovick

    Multifamily Realtor Commission

    I think it depends on how much interest you want to generate from the estate community. I listed a $7.9 MM property in April in Kitchener, Ontario. Commission was 4 percent with half offered to the co-operating Broker. In the 30 days, we had over 60 showings - with 13 offers - and the...
  18. Mike Milovick

    Marijuana

    Do you have a "no smoking" clause in your lease? Perhaps try to enforce that clause? If it's a shared heating/ventilating system, file for affecting reasonable enjoyment of premises Sent from my BBB100-1 using myREINspace mobile app
  19. Mike Milovick

    KWC - Waterloo - Student Duplex in Prime Location - $699,900

    Nothing is better than Ezra! This home is situated on perhaps the best student street in all of Canada! Seconds to WLU and 15,000+ students. This building comes fully rented until at least April, 2018 for large $$$. On a street with properties that are mostly owned by Wilfrid Laurier University...
  20. Mike Milovick

    KWC - Waterloo - 5-Bed Student Condo With Mega Cool Factor $33,000+ Gross! $314,900

    $33,000+ Potential Gross Income Available Here! Turn key ! Suite was developed in 2002 utilizing industrial era (1900's) building shell. Beam and Brick construction - uber cool factor with true loft feel. Bare naked brick, exposed post and beam, high ceilings. Character abounds! This suite is an...
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