I have more confidence in 2 bedroom condos as the extra rent more than offsets the slightly higher purchase price when the right property is found.
I went to show a Evergreen bungalow condo last week to a investor client and it sold as we were looking at it.
Numbers were quite similar to what you posted however condo fees were 180 and taxes lower. Rent would be in the 1450-1500 range.
Looking at a 1 bedroom might save the buyer 20k now but he is looking at 200-300 less a month in rent.
A grandfathered, 4 suite - 2 story in Bridgeland came up yesterday for high 500's. Had it not been for asbestos issues and the 30+k bill to bring the house to worry free I would have posted it in this thread!
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