Click Here to view Multi-Residential Properties

We are experienced with investment properties and have knowledge of landlord-tenant legislation, municipal by-laws, can advise you on closing costs, and offer advise of market value/conditions for different properties in different market areas.

Our program will give you priority access to listings before they reach the public Multiple Listing Service (MLS®).

Purchasing real estate has always been an effective long-term strategy for investment.

There are various types of investment properties, offering different levels of income potential and varying degrees of risk from a duplex, triplex, multiplex, plaza or a store with an apartment.

We have the information you need to help you determine whether you are an investor who is looking to purchase an income producing property or someone looking to purchase a home and subsidize the cost of home ownership.

Before you purchase
Before you begin your search to purchase an income property; you will need to determine:

• What type of investment you are looking to purchase and where it will be located.
• How much to you have as a deposit/down payment? Some financial institutions may require 20-35% of personal investment money or more. How much you can afford each month for carrying costs (Mortgage payments, utility costs, property taxes, insurance, etc).

We will provide you with any rent rolls and expenses that are available; and even prepare a custom summary report to determine cash flow and profitability.

Why purchase an income property and NOT live in it?

• Cash Flow: More rental income is generated when you are not living there; creating a greater positive cash flow.
• Tax Benefits: Potential for tax benefits by writing off mortgage interest against income. Also, capital gains on reversion may be taxed at a lower rate than other forms of income.
• Return on Investment: Expressed as a percentage; the dollar amount returned to the investor on an initial cash investment.
• Capital gains: When you sell, capital gains may be taxed at a lower tax rate than other forms of income.

Why purchase an income property and LIVE in it?

• Cash flow: Collecting rental income will generate cash flow and this income can lower or eliminate your personal contribution towards property expenses and carrying costs.
• Location: An income property may allow you to live in a neighbourhood that you may not have been able to afford to live in.
• Qualifying for a mortgage: Financial institutions may take into consideration all or a portion of the rental income when qualifying you for a mortgage.

Financial Institutions

• Always ensure that the financial institution has experience with financing income properties.
• Determine what types of mortgage products they offer (open, closed, fixed rate, variable rate).
• Enquire about the penalties that you may encounter, if you sell the investment property.
• Visit a few financial institutions to ensure that they are offering you a competitive rate.

Selling an investment property
Determine why you are considering selling your investment property.

Reasons can vary from:

• Job transfer
• Changing market/economic conditions
• Investment goals have been realized and you are ready to invest elsewhere
• Deteriorating neighbourhood
• Retiring

Factors to consider:

• Advise your tenants that you are planning to sell to avoid any misunderstandings/inconvenience.
• Consider the financial obligations if tenants leave before the property is sold.
• Review your Realtors marketing plan.
• Know your target market. Ensure that the feature sheet includes number of units, financials including rent, taxes, and utility costs.
• Ensure that your property is clean and prepared for potential buyers.

If you would like us to assist you Purchase/Sell an investment property, please give us a call or fill out a form on our contact page.