Live/Work Duplex recently renovated in AAA Location on 2 public transit lines. 3,600SF building w/ 3 dedicated entrances, currently with spa/clinic layout on lower 2 levels and a 4 bdrm residential home on upper 3 levels. Featuring 13 recently paved parking spaces, fully fenced back yard area, new furnace & A/C, water purifying system, air exchanger, security system, brand new kitchen and much more! MLS. CALL RYAN BRIGGS
$5,200,000
Well maintained 30 unit apartment building. 1 bach, 23 one bdrm, 6 two bdrm. Several recent improvements including roof, windows, doors, boilers, hot water heaters and more. One passenger elevator. Surface and podium (rear) parking. Professionally managed. Fully rented. Excellent location. Well maintained. Exclusive.
rate entrance. Pristine 10 stall barn (currently made to 8), private riding arena and ample opportunity for outdoor boarding. The property features approx. 45 acres of open farmland with an additional 50 acres of forest comprised of mostly maple trees complete with walking/horseback riding trails. Amazing opportunity!
$2,400,000
6,700SF Plaza situated on 1+/- Acre lot zoned C4-48 on major artery in Guelph directly in front of Walmart/Smart Centre. The building consists of 5 fully rented units with 1,600SF of basement space, plus additional income from Bell Communication tower at the rear of the property. Other features include 5 drive in doors, 9’10 ceiling height, plenty of onsite parking, on public transit line, great exposure.
public transit route. C-6 zoning allows for a variety of permitted uses some of which include tradesman and contractor’s establishment, commercial parking facility, convenience retail, repair service and more. Utilities located at the street. MLS
Summa Property Management professionally manages Commercial, Condominium, and Residential Multi-Unit Properties
We ensure that your property receives personal, hands-on, and professional management attention. As a real estate investor, you can rely on our expertise and commitment to service. That affords you the ability to spend your valuable time pursuing your own interests. You can be comfortable in the knowledge that the problems and issues of property management are receiving prompt attention and action.
Our in-house accounting department utilizes professional accounting software to produce monthly financial statements to suit your needs, administration for letters and memos to tenants, and additional managers to service your units as needed.
If you are looking for a motivated, professional organization that understands the real estate management business, Summa Property Management is your first choice!
Condominium Rental Management
This service is offered to those who own one or more individual condominium units not occupied by the owner on a full-time basis, and who require personal property management.
We offer rental services which include placing advertising, receiving calls, host showings, processing applications, completing necessary references, background and credit checks, preparing the lease and receiving the rent payments.
Condominium Rental Services
• Hands-on personal property management service
• Effective leasing programs driven by innovative advertising and marketing
• Rental & maintenance fee collection and deposits
• Regular property inspections
• Supervise maintenance as needed
• Monthly and annual financial statements and reporting
• Rent roll and unpaid reporting
• Management reports
• Approval and payment of all invoices
• Recommendations for property renovations and upgrades
• 24/7 response to emergencies
Ryan Stone, OLCM, CPM®, ARM, ACOM
$5,995,000
5363 AIRPORT ROAD, MOUNT HOPE
RARE 194ac parcel of land w/frontage on Airport Rd & White Church Rd. Incs 2 dwellings, 5048sf building, 4991sf barn & 175ac workable/tiled land (rented yr/yr @ $129 p/ac).
Dwelling#1 (2473sf) offers 3 bedrms/2 baths, ins/htd garage addition - Dwelling#2 (1226sf) ftrs 2 bedrms/2baths. Both houses inc roofs’13, water purification’20, sep. wells/septic & 100 amp. Located in general area where proposed future Red Hill to White Church Rd/Airport & Glover Rd expansion may occur - pipeline ROW dissects property-potential severance. By appointment only.
$1,000,000
Established GRAIN ELEVATOR/SEED CLEANING FACILITY incs 51.09ac property, century home w/in-law addition, 2 grain elevator receiving pits w/tower grain dryer & 80’ truck scale, 340,000bu bin storage, add. 60,000bu of Quonset storage (400,000bu total) w/extra storage at seed cleaning facility. Various sized buildings allow for add. storage. Used for round-up ready soybeans -can be converted for cleaning nonGMO soybeans. Precision cleaning capacity 8MT/hr - treating capacity 20MT/hr. 28ac of tiled workable land, natural gas & 400 amp hydro w/phase converter.
3 CAYUGA STREET S, CAYUGA $200,000
0.41ac parcel of vacant land offering 130.50ft of frontage on Cayuga St. S. located in heart of Cayuga -near schools, downtown shops/eateries, Grand River parks & boat launch. Property can ONLY BE PURCHASED w/same Buyer purchasing 0 Ouse Street, Cayuga & 39 Cayuga Street, Cayuga. TOTAL list price of 3 properties is $1,300,000. Rare opportunity to own almost 1 acre (total 3 properties) of prime real estate - ideal for future development. Offers presented 5pm May 28/24
1289 HIGHWAY 54, CALEDONIA $2,900,000 Vibrant restaurant business in heart of Dunnville’s downtown, ex. visibility & hi-volume of daily pedestrian traffic. “Small
Exceptional office building boasts a strategic location in this busy town, two spacious office areas with welcoming waiting area, a fully equipped kitchen, and a versatile meeting hall on the main level. Additionally, the basement area offers multiple rooms that can be customized to suit your unique needs. Don’t miss out on the chance to establish or expand your business in this fantastic location.
8 spacious condo townhomes for sale. All 3 bed,1.5 baths, walk-out basements, private courtyards and attached single car garages. Units fully tenanted and being sold in a bundle, making this a unique investment to add to your portfolio. Tenants pay own hydro, 4+2 visitor parking.Roof reshingled 2020, electric heat throughout, no central air, 8 owned water heaters,windows approx10-12 yrs. There is possibility to add additional units on the approximate 31,000 SQFT. $3,800,000
Future development possibilities in this 4.798 Acre parcel of land that borders Welland/Thorold. Adjacent property, in Welland boundary, is zoned low density residential. Property is close to Brock University Campus (15 Minutes), Niagara College (1km) new residential developments, plaza for shopping and all amenities and close to highway Access. Land only for sale. Current zoning FD - EP2. Contact for more info. MLS H4117393. $3,225,000
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Chris Bosnich 1.866.532.2609 chris.bosnich@mediaclassified.ca
Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of Commercial Investor, and not that of the individual client. The customer has purchased the right of reproduction in Commercial Investor and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of Media Classified Corporation. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted.
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UNDER CONTRACT
Vacant possession
BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM
If you’ve ever bought, sold or rented a property, you’re probably familiar with the term vacant possession. Giving vacant possession refers to a legal obligation to ensure that a property is in a state fit to be occupied at a given point in time.
WHEN DOES VACANT POSSESSION HAVE TO BE GIVEN?
It’s common to see vacant possession as an express term in Agreements of Purchase and Sale or a lease. But vacant possession usually has to be given in the following circumstances:
• When property is sold
• When a lease is granted
• When a tenant vacates at the end of the term
However, the Ontario Superior Court has held that when no specific time of day for vacant possession has been stated, a seller can deliver vacant possession at any time before the end of that day. Therefore, it’s important to be specific if you want to ensure that the property is vacant before midnight on the agreed day.
WHAT DOES VACANT POSSESSION MEAN?
It seems natural to think that a property will be delivered with vacant possession if all of the occupants have left, but chattels, or movable objects, must also be emptied. However, depending on the circumstances, vacant possession may still be given even if these requirements are not wholly met.
The test the courts apply is whether the chattels left behind substantially
interfere with or prevent the enjoyment of the right of possession for a substantial part of the property. The court is clear that not any impediment will do. It must be one that substantially prevents or interferes with the enjoyment of the right of possession of a major part of the property.
Given the subjective nature of this test, it’s important to keep in mind that each case will turn on its own set of unique facts. In one Ontario Superior Court case, the court held that a Quonset hut, which remained on the land after the closing date, did not impede the delivery of vacant possession. In that case, the plaintiff was willing to accept the property with the hut remaining. However, the court conceded that even if the hut should have been removed, the purchaser would only be entitled to the cost of removing the hut as an abatement of the purchase price and nothing more.
In a subsequent case, however, the court found that failing to remove equipment was a failure to provide vacant possession as required in the lease. The effect of this failure was to prevent the tenant from being able to carry on their business. In that case, the tenant was entitled to damages.
WHAT HAPPENS IF VACANT POSSESSION IS NOT GIVEN?
Where vacant possession is being
given on the sale of property, a buyer has several options. A buyer can apply for specific performance, where the courts will enforce the contract, in addition to damages for any losses suffered. The contract may also be rescinded. But if the parties are willing to negotiate, they may be able to agree on an abatement of rent/the purchase price or a different closing date. Courts act more favourably toward sellers who have made attempts to deliver vacant possession, rather than those who make no effort to honour the terms of the contract.
WHAT DOES IT MEAN TO ME?
Vacant possession is extremely important. Let’s look at some examples. You are closing your new resale home and the vendor has left a broken-down truck in the garage and lots of old furniture in house. The tenant of the vendor is still living in the basement. This is an example of a situation where you could apply to the courts to enforce your rights to specific performance.
Every situation is unique and requires a holistic overview of what is involved and then the application of both common sense and the law. This is the time your lawyer becomes very important. CI
Email us at info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.
Jayson Schwarz LL.M. is a Toronto business lawyer and partner in the firm Schwarz Law LLP.
KITCHENER | RETAIL
4411 KING STREET E. 875-3,361 SF | $32.00/SF
Chad Ritzer* x 3033
#4B-4391 KING ST E. 1,550 SF | $30.00/SF
Lester Tobin* x 3023
| RETAIL
#8-825 WEBER ST. E.
James Boudreau** x 3020
#108 -501 KRUG STREET
2,490 SF | $20.00/SF
James Boudreau** x 3020
KITCHENER | OFFICE
7 DUKE STREET W. 819-1,226 SF|FRM $12.00/SF
James Boudreau** x 3020
#A1-650 RIVERBEND DRIVE 1,625 SF | $318.00/SF
Lester Tobin* x 3023
KITCHENER | RETAIL KITCHENER | IND.
| OFFICE
|
| OFFICE
Eric Frey* x 3118
Chad Ritzer* x 3033
Chad Ritzer*
|
Lester Tobin* x3023 14 ERB STREET W. 500-2,500 SF | FRM $1,688/Mo
Chad Ritzer* x 3033
WATER STREET N. 2,437-5,204 SF |FRM $12/SF
James Boudreau** x 3020
Eric Frey* x3118
Each office is Independently Owned and Operated
Pre-construction condos are a great investment
maintain and your unit will rent out very quickly, saving you time for what really matters in your life.
1. Leverage
The number one reason why so many real estate investors look to the pre-construction condo market is the ability to leverage their money over time. With just 15 to 20 per cent of your own money, you can buy 100 per cent of an appreciating asset, and you get to hold that asset for three to four years without making any payments on it.
2. Access to triple-A locations
Condo investing allows ordinary investors to get a piece of real estate in otherwise unattainable locations. And with many developers offering
flexible deposit structures, you can own in prime locations for a fraction of what it would cost to buy a commercial property, a house, or a small apartment complex in the same locations.
3. Low maintenance
New condos are perfect for the busy professional or self-employed business person because you can own multiple units with little to no month-to-month property management. Compared to buying a house or a commercial property, new condos offer the lowest maintenance with the highest rentability, which means there’s nothing to fix or
4. Rental demand
Since the end of the highrise apartment construction boom of the 1960s, there have been almost no purpose-built rental buildings in the city of Toronto. Yet our city keeps growing every year. The need for new rental units is now being filled in part with new condominiums, and tenants always want to live in the latest and greatest buildings. Buying pre-construction guarantees that you will own the newest apartment on the block when the building is complete and condo investors know that renting out a unit in a brandnew building can be a very lucrative experience. CI
126,200 SQFT MANUFACTURING FACILITY FOR SALE IN BELLEVILLE ON!
• Unique Turnkey Business Opportunity!
• Award-Winning cheese manufacturing facility in Prince Edward County.
• Sits on 20 acres of land.
• Retail Outlet and Outside Dining Area
• Zoned RU.
• A farm winery is permitted due to the excess of land available to accommodate the County of Prince Edwards Zoning Regulations.
• The building includes: 2 sub-terranean aging caves, a production facility, receiving bay, and office space.
• Platinum certified under the LEED rating system.
$2,888,000
• Located in Belleville’s north-east Industrial Park
• 126,200 sqft industrial facility
• 19.5 acres of land
• Exposure to Hwy 401
• Ideally situated between Toronto and Montreal
• Features 9 loading docks, 4 grade-level doors, and 30x50 ft bay sizes.
• 21 ft - 28 ft Ceiling Heights to Roof Deck
• 7,200 sqft of newly updated office space
• Upgraded 4’ LED shatterproof fixtures
• Available hydro supply is 44,000 KVA with 3200 Amp 600 volts
• Ergonomic design supports easy repurposing for various applications
• Ample acreage for potential building expansion and/or possible severance
$11,500,000
MLS# X8385214
• Approximately 5000 sqft facility. TURNKEY MARINA BUSINESS FOR SALE IN BELLEVILLE
FOR SALE IN PRINCE EDWARD COUNTY
• Located in Wellington, Prince Edward County
• This 17-acre vineyard supplies grapes to a local winery
• Features 146 rows of 8 ft highdensity vines
• Grape types includ 6.58ac Pinot Noir, 3.52ac Chardonnay, 2.88ac Pinot Gris, and 1ac Melon de Bourgogne
• Planted in Hillier clay loam soil
• Zoned RU-1
• Potential uses include bed-andbreakfast, or designing your own single detached dwelling
$1,595,000
• Located on the Millennium Trail in PEC MLS# X8397154
Nestled on the shores of the Bay of Quinte in Belleville
5 acre property • Turnkey business opportunity combined with a waterfront residential oasis
50-slip marina, or opportunity to create a dream business
• Included in the sale are 4 residential bungalows, 3 apartments, 4 tiny homes, and 2 detached houses
• The main waterfront home features an inground pool, hot tub, and hardwood floors
• Explore options such as vacation rentals, event hosting, and dining establishments.
• The property’s mixed-use zoning (02-1) allows for endless creativity and potential
• The Seller will consider VTB financing at 4% for qualified Buyer
$6,500,000
X7268608
• Located in Downtown Belleville
• Multi-use building
• 3 commercial spaces
• 11 residential units with 8 bachelors, 1 two-bedroom, and 2 one-bedroom units
• 2 finished and occupied commercial spaces
• One 2161 sqft open concept unit ready to be completed tenants or owners specifications
• All apartment units are recently renovated and upgraded, showcasing contemporary amenities with the building’s unique architectural charm
• Recent upgrades include a total rebuild with structural upgrades, a new lower roof, security enhancements, and more
• Easy access to shops, restaurants, and public transportation
$4,850,000
MLS# X8483146
• 35.5 acres of vacant land Prince Edward County (Demorestville)
• 660 feet of frontage on both Black Road and County Road 14
• Zoned RU-2
• This property allows a range of uses, from single detached dwellings and home businesses to private home daycares
• Non-residential options include agriculture, farming, or conservation area
• Existing use is Q-Logic Water Solutions operational yard and maintenance building, which includes Trailer Park Model Home on site
• Business and equipment are not included in price but are also available for sale MLS# X7251340
One in five Canadians rent their property for shortterm tenants or are considering doing so in the future. Designer Jo Alcorn provides tips on how to make your investment property stand out above the rest.
ADD PERSONALITY
Include a little individualized charm. It doesn’t need to be overly extravagant. Try including your favourite scented candle or a cozy throw.
CREATE AN INVITING SPACE
With short-term rentals, most people look for the comforts of a real home and not a sterile hotel room. Create an inviting space with accent pillows, styled shelves and artwork. All of this can be done on a budget and with non-breakable items. Make sure things are easily washable so
you can keep things feeling fresh between guests!
MINIMAL LOOK, MAXIMUM RETURN
As much as you want to make the space feel homey, you want to keep the space simple and (Netflix organizer) Marie Kondo approved! This way your home always looks put together.
KEEPIN’ IT FRESH
Make your home stand out from the rest by keeping things fresh. Little touches like flowers or small plants
that require minimal maintenance, and fresh white linens and towels give that hotel clean feeling but with the comfort of home. It also looks great on camera when you’re staging the space.
LIGHTS, CAMERA, ACTION
A picture is worth a thousand words when it comes to short-term rentals. Since it’s the first thing a potential customer looks at, the quality of the photos is as important as the staging. Photos that showcase natural lighting, your design personality and cleanliness, along with ensuring they are high enough resolution, are keys to coming out on top.
HOOK PEOPLE WITH WORDS
The description you create is as important as the photos. The description allows you to bring your space to life in a way photos cannot.
And make sure your photos match your description; don’t talk about the spacious bedroom on the second floor if you don’t have accompanying imagery.
PROTECT YOUR HOME
The time and effort you put into creating a welcoming space goes a long way, but as a short-term rental host, you want to make sure you protect your home. Unless your policy clearly states that short-term rental activity is permitted, you may not be covered for short-term rental related losses. That’s where Duuo comes in – an on-demand, episodic insurance service designed to protect shortterm rental hosts and their homes. With Duuo, you pay only for the days you want coverage, so you can rent securely and relax. Learn more at duuo.ca. CI
NIAGARA FALLS For Sale
INVESTMENT OPPORTUNITY
• office building for sale in Niagara Falls
• building is 19500 sq feet and has 2 long term tenants
• (Immigration Canada since 2011 & J D Barnes land surveyors since 2019)
• former car dealership building
• major renovations were done prior to onset of both leases
• property is just under 2 acres
• paved parking around entire building
• seller will hold mortgage at attractive rate for 5 years with an option to renew RON JONCAS Broker
ACRE COMMERCIAL & 2500 SQFT RESTAURANT IN HIGH GROWTH LOCATION!
Long established and successful food business licensed for 70 people + outdoor patio! Huge paved area area. Excellent high traffic and high growth location just North of Newcastle. Owner retiring and willing to hold a mortgage subject to terms & conditions. Perfect opportunity for new family-run operation.
CALL FOR DETAILS
NEW
CLARINGTON
INDUSTRIAL SPACE
FOR
SALE 16K SQFT REMAINING. BOWMANVILLE
Approx 16k SQFT remaining for sale. Incentives & custom fit-out negotiable. Designs completing for Phase II 65000 SQFT self-storage facility also for sale. Est delivery date Q4 2024: over 30 ft ceiling height w/ shipping door planned.
CALL FOR PRICING & INCENTIVES
UP TO 15,000 SQFT INDUSTRIAL W/ DRIVE IN DOORBOWMANVILLE
Rarely offered large-size industrial space with loading door in Bowmanville. Flexible M2 zoning, newly finished office & mezzanine + 16ft clear height. Ideal for manufacturing, potential for automotive, warehousing, workshop and more. Great access to HWY 401 nearby, and competitive rental rates. $12.00 PSF NET + $5.00 TMI
HOME & BUSINESS BUILDING LOT IN PICKERING
Nearly ½ an acre on busy Brock Road ideal for home or business. Great location neighbouring major plaza + high density development. Zoning supports detached house, animal hospital, and more. Owner open to possible VTB for qualified Buyer.
NEW LOW PRICE $999,999
AAA NEWCASTLE COMMERCIAL SPACE. NEWCASTLE
Busy anchored Plaza hosting national tenants with abundant surface parking and signage. Great opportunity for office, retail, or commercial users to find large or small clean & professional space for their business. Units on ground level and second level available. Up to 10000 SQFT for lease!
CALL FOR DETAILS
CHOICE RETAIL OR AUTOMOTIVE BUILDING CLARINGTON
Perfect size! 6000 SQFT on a fully paved 1 Acre lot! Free standing modern building, clear span, 14ft grade-level door all in excellent condition! A+ high traffic & high growth location in Clarington. Ideal for end-user or investment / rental. Exclusive listing.
FOR SALE $1,600,000
TURN-KEY AWARD WINNING RESTAURANT & BRAND W/ BLDING. OSHAWA
Great opportunity to start in restaurant business. Well established and profitable restaurant in downtown Oshawa walking distance from multiple high density sites. Strong brand with many awards: excellent food and recipies. Building in good shape with recent upgrades.
CALL FOR DETAILS
Premium
(6%
and with the
to the
offers sustainability moving into the future. For more information visit, www.theeastside.ca
$2,499,900
SkyViews Your Price for ‘Upside’
SkyViews Your Price for ‘Upside’
Finding Value in the Grey Areas
Finding Value in the Grey Areas
By Cliff Ford, Skyview Realty
By Cliff Ford, Skyview Realty
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.
If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.
If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.
What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.
What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.
When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.
Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.
Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.
To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.
To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.
You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
194 Sherbourne St, Toronto
$2,549,900
Established And Successful 4 Unit Airbnb. Fully Furnished And Grossing $150K A Year. Amazing Opportunity To Live In And Collect Income Or Add To Your Portfolio. Large Owner Suite. Legal Fourplex. Fully Renovated And Tastefully Decorated.
560 Queen St W, Toronto
$2,900,000
Prime Queen St West Property On High Pedestrian Traffic Block On The North Side, Just East Of Bathurst. Great Windows And Signage. Amazing Opportunity For User Or Investor. Tenant Has Given Notice To Vacate. Density Allows For 3X Coverage.
1116 College St, Toronto
$2,998,000
Fully Updated & Improved Income Property On College St. All Major Capital Improvements Done Recently. $119,550 Net Income! 4% Cap! Great Commercial Tenants. Good Rents For Apts. Potential For Great Upside On Turnover.
2720 Danforth Ave, Toronto
$8,850,000
Proposed 59,530 Sf Mid-Rise Development. 9 Storey 81 Residential Units, 1 Ground Level Commercial Space And 27 Underground Parking. Steps To Main Subway Station And Go Station. Short Term Tenant In Place. Planning Report From Weston Consulting Available. Development And Rsc Application Underway.
2970 Lake Shore Blvd W, Toronto
$13,950,000
Proposed 9 Storey 95 Residential Units And 5220 Sf Commercial 32 Underground Parking Spaces 98,684 Gfa Mid-Rise Development. Steps To Humber College Campus, Transit. Holding Income From Short Term Tenants In Place.
AVAILABLE
100 Burland Crescent, Hamilton, Ontario
This 47,400 sq ft industrial building features: 10 drive-in level doors, 8 cranes, 400 Amp and 600 Volt power, joist heights of up to 23’ 5” (majority of the building is 17’ 10”), office space, 2 fencedin yards, and plenty of parking. The property is zoned “M5 - General Industrial” which is ideal for manufacturing, industrial, production, services, warehouse, and many others. This convenient location is only 4-minutes from the QEW, 4-minutes to the Red Hill Valley Pkwy, 8- minutes to Burlington, and is roughly the midway point between the United States border and the city of Toronto.
