Quote:
Originally Posted by bizaro86
No, there isn't much if anything for 200k that would rent for 1500. I have a 2 bedroom in Sunnyside rented at 1500 that I'm considering selling, and I wouldn't take less than 265k. My rent is probably a bit low, but I don't think the 200k/1500 rent exists anywhere except buildings with ridiculous condo fees that wreck the economics.
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We just moved out of a condo that we were paying $1400/month rent in. It sold for $350k. Our rent was probably a couple hundred a month too low though. Now we're in a place worth ~ $410k and paying $1850/month.
I would be surprised to find many, if any, places in Calgary worth $200k that would rent for $1500.