This one dates back to late summer 2016. I listed this property and had it sold not once but twice (conditionally the first time) to two different investor clients of mine. That's because it sold for $175,000.00 and grosses nearly $36,000.00 per year. I arranged it for the guy who bought it so that he doesn't even pay the mortgage using his own money AND he puts surplus money into his pocket month over month. The day will come where he owns this triplex mortgage free and when he does he will be laughing because his $15,000.00 investment could cash in at $300,000.00 or more given an exceptionally conservative rate of appreciation.
The cost of an item will naturally increase if the supply of that item is exceeded by the demand. This planet only has so much land to offer, they do not make land and we do not inhabit mars. When you consider this and acknowledge that our population is forever increasing you will appreciate the bearing this has on your income properties.. that is if you own any. The average #torontorealestateinvestor finds these figures shocking but I urge them all to give me a call today. #outoftownbuyers#hitmeup#nichemarket#niche#realestate#triplex#pembroke#bestkeptsecrets#cheaphouses#highrentalrates#valleypropertyshop#torontorealestate#getaholdofme#CMHC