Hi...I am new to this forum. I am looking for advice from the experienced investors as to what the range of the Cap Rate is in the Toronto Area? What should I look at being a good rate. What should I look for as some of the common high cost maintenance for generally the older multi-unit bldgs in the Toronto area. Many Thanks for your valuable contribution.
Multi unit property cap rates in Toronto - What is the range?
- Thread starter nchotalia
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- Oct 10, 2007
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5% + /- a far bit depending on level of deferred maintenance, location, connection to reality of realtor's pro-forma, et.c.
Potential high costs - Tons:
Heating
Balconies
Grading
Driveways
Parking lots
Windows
Foundations
Roof
S/F/E
Boiler
Shifting of buildings / cracking of materials
Water
Potential high costs - Tons:
Heating
Balconies
Grading
Driveways
Parking lots
Windows
Foundations
Roof
S/F/E
Boiler
Shifting of buildings / cracking of materials
Water