Gta

safsad

Inspired Forum Member
Registered
There seems to be no interest in properties in the gta.Are they too expensive and will the expected downturn be an opportunity.I am interested in Multifamily properties in Gta,Hamilton,KWC locale.I live in Mississauga and work in Brampton.
 

Thomas Beyer

Senior Forum Member
REIN Member
QUOTE (safsad @ Sep 13 2010, 07:38 PM) There seems to be no interest in properties in the gta.Are they too expensive and will the expected downturn be an opportunity.I am interested in Multifamily properties in Gta,Hamilton,KWC locale.I live in Mississauga and work in Brampton.
lots for sale .. and lots of buyers .. a very active market !!!

go to icx or loopnet .. loads for sale: from "great deals" to "average" to "garbage" !!

Keep in mind CAPEX, CAP rates and rent control laws in Ontario !
 

markl

New Forum Member
Registered
There are a number of REIN members buying in the GTA. You probably see more of the other regions as the price per unit is higher in the GTA and the CAP rates are lower so it for the most part drives people to other locales.

Regards,
 

housingrental

Frequent Forum Member
Registered
I conditionally purchased a 25 tenant property on Sunday in KWC.
Lots of interest for Ontario... not sure where you`re looking.
 

safsad

Inspired Forum Member
Registered
QUOTE (housingrental @ Sep 14 2010, 01:47 PM) I conditionally purchased a 25 tenant property on Sunday in KWC.
Lots of interest for Ontario... not sure where you`re looking.
Are u able to to provide me your sources of info for the kwc area.I am interested in 10-15 door properties.should I be looking at more doors for better deals?
 

Nir

New Forum Member
REIN Member
QUOTE (housingrental @ Sep 14 2010, 11:47 AM) I conditionally purchased a 25 tenant property on Sunday in KWC.
Lots of interest for Ontario... not sure where you`re looking.

Congrats Adam! (even if still conditional)
by 25 tenants you mean 10 doors? just a guess

Cheers,
N.
 

housingrental

Frequent Forum Member
Registered
No 25 beds - student property - valuation on per bed not per apartment basis as bed amount is the driver of rent amount.
But you had a good guess


QUOTE (investmart @ Sep 15 2010, 11:00 PM) Congrats Adam! (even if still conditional)
by 25 tenants you mean 10 doors? just a guess

Cheers,
N.
 

housingrental

Frequent Forum Member
Registered
Yes
Smaller unit properties sell at a premium per unit for similiar rent - ie lower potential return
QUOTE (safsad @ Sep 15 2010, 09:05 PM) Are u able to to provide me your sources of info for the kwc area.I am interested in 10-15 door properties.should I be looking at more doors for better deals?
 
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