[quote user=vibe]90 % as your benchmark?
Hi David, I have a bit of experience investing in Hamilton and in my experience I need to look at about 20 multi family properties to find one that is legal and fire code compliant or close to it.
If you would like to test my theory out yourself, go onto icx, exclude the purpose built apartment buildings and review all the 2-5 unit buildings. Check how many of them have the word "legal" in their description, confirm the number of legal units allowed matches the actual number of units in the building, and confirm the legal use with the city.
This is not legal advice, just my opinion.
Hope that helps!
Erwin