There are over 260 properties available & listed for sale on MLS today, June 11th 2021, just in the multi-family & investment sales for in the GTA (Toronto, Peel, York, Halton, Durham).
For Sale by Numbers
Triplex - 42
Fourplex - 8
Multiplex - 38
Investment - 173
If you're looking to invest in this up-trending market, don't just buy a residential house or condo at their current peak prices, then hope to find a single tenant to cover all the expenses & mortgage payments. Most people that go down this route end up producing a negative cash-flow from day-one, & hold on to the idea that the appreciation value of the property overtime will help them break even & turn a profit in the end.
While this idea may have some merit, it suddenly becomes a game of death in the event things don't go exactly as planned. What if prices drop by the time to sell? With a single tenant, what happens if they can't cover the rising rent or decide to leave? Having more than one tenant around increases the possibility of earning a stable return and cut's the risk of achieving less than adequate income from the property to less than half.
Treat your property like a business, not a hot stock tip.
We provide detailed cash-flow comparisons & analyses for similar properties based on cap rate, calculate what the leveraged return on the actual down-payment looks like, look at different sectors to determine prime rental rates & future projections of income, expected costs for redevelopment & improvements, & an estimated sale price at reversion for any number of years down the road which include tax liabilities, recaptured costs, & capital gains.
Then, when it is time to sell, either to move on to a bigger project or to liquidate the equity in the portfolio altogether, we make sure to market & present your investment in the best light for the next investor that might show an interest in the place. A good deal now should still look like a good deal at the time of a future sale.
There are over 260 properties available & listed for sale on MLS today, just in the multi-family & investment categories for the GTA.
How many do you think are worth looking into? We can help you find out. Need something more unique & off-market? No problem.
Call or email me today to start your search & discuss the possibilities.
CRE Sales Representative
Lennard Commercial Realty, Brokerage