DEVELOPERS / BUILDERS DON’T MISS THIS OPPORTUNITY IN NEW HAMBURG, ON
75 +/- ACRE DRAFT PLAN AND ZONING APPROVED LAND NEW HAMBURG, ONTARIO
Gatestone Capital Advisors Corp./CMA Realty Ltd. (Gatestone/ CMA) have been retained as the exclusive advisors to the owner for the proposed sale of a 75 acre +/- parcel of Draft Plan and Zoning approved residential lands in New Hamburg, Ontario.
This is an opportunity to acquire a formidable inventory of Draft Plan and Zoning approved land, minutes from Hwys 8 and 401 in New Hamburg, a charming community just west of Kitchener – one of the most desirable locations in Waterloo Region.
LOCATION: Waterloo Street, New Hamburg, Ontario
LOTS/BLOCKS:
Mix of entry level lots and blocks for street-fronting towns, stacked townhouses and small single-family lots
YIELD:
Approximately 13,500 ft of saleable frontage and 250 stacked townhouse units in various blocks
BID PROCESS
• NDA forms available after September 2, 2024
• Access to data room September 2, 2024
• 90-day due diligence process
• Bids due November 29, 2024
• Seller Offer Selection December 16, 2024
• On or before Closing February 28, 2025
NOTICE:
CONTACT:
To obtain an NDA and access to data room please contact any of the following persons: Broker of Record
Neil Koebel 519-741-6594 neil@cmarealty.ca
Paul Grespan 226-972-8910 pgrespan@gatestonedev.com
Expressway. High traffic artery. Located on 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.
Summa
on our expertise and commitment to service. That affords you the ability to spend your valuable time pursuing you 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, taking calls, host showings, processing applications, completing necessary references, background and credit checks, preparing the lease and receiving the rent payments.
Our fees for these services are based on 75% of one month’s rent plus HST. Base fee for the property management is $150/Month plus HST.
Prime Muskoka Commercial Property! Investors / End Users / Live & Work! 11 acres with 700ft frontage Windermere & Raymond Road (Muskoka Lakes) High visibility. Year-round traffic! 3000 SF commercial building incl 1000 SF 2-bay auto repair shop with 2023 clean ESA parking for 35 cars! Plus 1000 SF renovated 3 bedroom bungalow! Zoning allows for multiple uses including Cannabis retail!
1289 HIGHWAY 54, CALEDONIA
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 non-GMO soybeans. Precision cleaning capacity 8MT/hr - treating capacity 20MT/hr. 28ac of tiled workable land, natural gas & 400 amp hydro w/phase converter.
$2,900,000 Incredible Investment Opportunity - sit. on 0.44ac prime corner lot enjoying unobstructed westerly views of Grand River. Incs 5226sf
29-31 MAIN ST, HAGERSVILLE
sewers. Property can ONLY BE PURCHASED
Ouse St. (TOTAL list price of 3
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
• 113,425 sf on 4.802 acres
• 22,000 sf under construction for a new tenant
• Fully leased 13,425 sf medical building
• Approved Phase II Development upside Development
Service station for sale in Fergus
• 1,178 sf on 0.304 acres
• At controlled intersection
sf freestanding retail building for sale in London
• 5,000 sf of warehouse with truck level loading
- Over 160 feet of frontage on Dundas Street
- Visible to 24,000+ vehicles per day
- Ample onsite parking
Services, LP, Brokerage
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
• Are you missing out on Commercial
• Do you have a Commercial Client but not the know how?
• Do you want to be part of an Exclusive Mentoring program?
• Do you want to be a part of a Commercial Real Estate Training designed for Realtors?
• Do you
Chris Bosnich 1.866.532.2609 chris.bosnich@mediaclassified.ca
PRESIDENT & PUBLISHER Leo Racioppo leo@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.
Copyright 2024. All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of Media Classified Corporation is strictly prohibited.
•
•
•
| $32.00/SF
James Boudreau** x 3020
634 KING STREET E. 3,317 SF | $14.95/SF
Chad Ritzer* x 3033 #8-825 WEBER ST. E. 693 SF | $1,900/Month
James Boudreau** x 3020
Eric Frey* x 3118
#LC1- 508 RIVERBEND DR. 7,031 SF | $1.00/SF
Peter Benninger** x3000
James Boudreau** x 3020 CAMBRIDGE | RETAIL
Peter Benninger** x3000
Chad Ritzer* x 3033
#201-260 KING ST. W. 7,110 SF | $14.50/SF
Eric Frey* x 3118 KITCHENER | OFFICE
Chad Ritzer x 3033 KITCHENER | OFFICE
James Boudreau** x 3020
#203-501 KRUG STREET 714 SF | $16.00/SF
What is a special assessment?
BY JACQUELINE MONETA JD
Most homeowners would agree that home maintenance and unexpected repairs are a fact of life. So, why does talk of a special assessment send shock waves through a condominium?
WHAT IS A SPECIAL ASSESSMENT?
A special assessment is a demand for suite owners to pay an additional contribution to the common expenses on top of the regular monthly fees.
A reserve fund is where your portion of common expenses is deposited for major repairs of the capital assets of the corporation. When the reserve fund is insufficient to cover condominium costs, the board may levy a special assessment. Your condo board may do this for various reasons. Often, a special assessment is used to offset unexpected expenses or shortfalls in the budget. This may be the case in a critical year, where the reserve fund is depleted due to a scheduled improvement to the building. Alternatively, the board may have underestimated the cost of a project. Unit owners also bear the cost of litigation that results in a judgment against the condominium. If the reserve fund is depleted, the board will have to levy a special assessment to pay a judgment.
HOW MUCH DO I HAVE TO PAY?
Owners pay a special assessment, as per the declaration, in the same proportion as their common
expenses. Therefore, a smaller suite’s special assessment will be lower than the one paid by a larger suite.
If you refuse to pay the assessment, you risk the same consequences as if you neglected to pay your common expenses — it may result in a lien against the unit. A lien may affect financing, or in extreme cases, force a sale and can involve significant legal fees.
AVOIDING SPECIAL ASSESSMENTS
A. Potential buyers. New buyers are legally entitled to a status certificate. It’s important to review this carefully as it will include information about any special assessments.
It is a good idea to make your offer conditional upon a review of the status certificate. Even if you go ahead with the purchase of your unit, you may be able to negotiate a lower purchase price based on an upcoming special assessment.
B. Current owners. The best way to avoid a special assessment is to ensure that there are sufficient funds in the reserve fund.
As an owner, higher common expenses are not always a bad thing. The board needs to set fees high enough to cover its expenses. If fees are too low, a special assessment is more likely.
A special assessment is a demand for unit owners to pay an additional contribution to the common expenses on top of the regular monthly fees
However, if owners believe the rationale for the special assessment is not well founded, they can requisition a meeting to force the board to discuss the issue.
While the board does not have to stop the assessment, if it was the board’s own failures that caused the assessment, then they can be voted out. In some extreme cases, owners may seek legal recourse against the board for lack of due diligence or to stop the special assessment.
C. Board of directors. If you are a board member looking to avoid special assessment, then alternative methods for raising capital should be explored.
A loan may place less financial burden on owners as it can be paid back over time. Check the bylaws to ensure the corporation can borrow funds.
Special assessments require careful consideration by boards and owners alike. But, with adequate planning and well-informed owners, condominium buildings can be maintained for years to come.CI
Avoid emotional investing
Emotional
“Market study after market study has clearly proved that when investors are driven by emotions – jumping into and out of stocks looking for the next winner, pouring money into mutual funds following a period of strong market growth, and then moving to the next ‘hot’ asset class during market troughs – they often lose, and sometimes lose big.”
Beer explains that trying to time the market or an individual stock almost never works. But time in the market often does by delivering
better overall returns – especially when you couple your long-term, stay-the-course strategy with other key strategies such as effective asset allocation and dollar-cost averaging.
He notes that volatility is the nature of stock markets, but with a carefully selected and properly diversified ‘mix’ of assets, you can effectively reduce risk and enhance your chances of achieving your long-term goals.
Beer also suggests that dollar-cost averaging (the strategy of buying a stock or fund on a regular basis
regardless of the stock or fund price) is an investment strategy that saves you from trying to time the market. This approach is designed to lower the average cost of your stock or mutual fund units, and ensures you are always participating in the market, so you will never miss out on periods of excellent returns. CI
This column, written and published by Investors Group Financial Services Inc. (in Quebec – a Financial Services Firm), presents general information only and is not a solicitation to buy or sell any investments. Contact a financial advisor for specific advice about your circumstances. More information on this topic can be obtained from Investors Group
Copyright trolls: know your obligations
The internet makes all sorts of information available, seemingly for free. But if you intend to use someone else’s content on your website, in your brochure or in your store, you need to license the use of it – this goes for videos, writing, music, or photographs.
But we all make mistakes. Maybe you unknowingly used a photo on your homepage from one of these websites, or an employee added it to your brochure.
If that happens, you might receive a letter from a company telling you to either pay to license it or remove it from usage, or face legal repercussions. So, you remove it from your site and hope that is the end of it. In many cases, that is the end – but what if it isn’t?
Let’s say a few months later, you receive an invoice from a law office stating you need to pay them $2,000 for copyright infringement, or they will take legal action. What is happening here?
You might be dealing with a copyright troll
Unlike stock photography websites like iStockphoto and Shutterstock, who make money on licensing fees, trolls merely pose as stock photo websites. These companies’ main source of income comes from threatening those who unwittingly use their photos without a license. That’s right, they want you to commit copyright infringement, so rather than getting a small amount of $20 per year for licensing a picture, they are hoping to land $2,000 from those who don’t know their rights.
Here are your options
According to an article by Samuelson-Glushko (cippic.ca/FAQ/ Copyright_Trolls), you have options if you receive an invoice from a law office. You could:
• Accept and pay the fee demanded.
• Negotiate for a lower fee.
• Offer a fee in line with what the company could expect for statutory damages (in Canada, $500 per work, up to $20,000).
• If you qualify as an innocent infringer, offer the company $200 per work as an equitable settlement offer.
• Tell the company that the work has been removed and say that ends the matter (and risk being sued).
• Ignore the company (and risk being sued).
What do you actually owe?
Generally, the courts in Canada are unlikely to award more than the minimum amount of $500 per work infringed. They also have the discretion to:
• Reduce damages up to $200 per unaware infringement.
• Reduce damages below the minimal amount where one medium, like your website, contains multiple infringing works and the total award would be grossly out of proportion to the infringement. You should be aware that trolls are not interested in low settlement
fees. Expect a troll to reject what you might consider a fair offer to settle, or a proposed settlement fee that is equal to what you would have paid to use the image had you sought a license at the time. That does not mean you have to pay the outrageous fees demanded by the troll. Again, it is a matter of risk: Are you likely to be sued? Do you want to incur the expense and bother of protracted demands?
Now a “collections firm” is threatening your credit rating! Is this true? Can a troll threaten your credit rating?
No. A troll’s demand is just that, a demand, an unsubstantiated allegation of copyright infringement. It is not until it turns into a successfully concluded lawsuit with a judgment against you that this demand turns into a debt.
At this point, if you refuse to pay the damages – the judgment debt –your credit may be threatened. If you look carefully at the troll’s “collections” communications, you will see that it is not really a collections agency. Usually, this is just a division of the troll’s business model, a part of the process of squeezing money from victims. It is deliberately deceptive and potentially unlawful.
If you find yourself in a potential copyright infringement conundrum, but are not being sued call a CFIB business counsellor to discuss your options (1.888.234.2232). If you are being sued, call your provincial law society. They can offer you a 30-minute phone consultation with a copyright lawyer for $25. CI
Source: cfib-fcei.ca/en
Useful terms to know before signing a commercial real estate lease
Whether negotiating the terms of your commercial lease agreement or trying to get a better picture of the full costs you’re about to assume, understanding the terminology of your contract is crucial.
These can include property tax, insurance, utilities, maintenance, common area costs and repairs.
2. Common area maintenance
1. Incidental expenses
Your costs on top of base rent.
While it’s always best to have your lawyer (preferably one specializing in commercial real estate) review your agreement, here are some of the more common terms you’ll want understand – before you sign.
This is an incidental expense in some commercial real estate leases. All tenants generally share common area costs. Examples include fees for snow removal, janitorial services, landscaping, grass cutting and property management.
base rent plus property taxes (though in some cases, you might pay for insurance or utilities instead). The landlord pays all other expenses.
6. Double-net lease (NN)
When you usually pay the base rent plus two incidentals – for example, property taxes and insurance. The landlord covers all other expenses.
7. Triple-net lease (NNN)
A type of commercial real estate lease under which you typically pay the base rent, plus property taxes, building insurance and utilities, as well as other operating and maintenance costs. The landlord assumes no costs, other than those for structural repairs.
8. Percentage rent lease
Where you pay a base rent plus a percentage of gross sales over a certain minimum. These are usually used in malls and other multi-tenant retail locations.
9. Tenant improvement allowance
A cash amount offered by a landlord to help you pay for renovations to a leased space. The allowance is usually a certain amount of money per square foot of rented space. It is sometimes offered as a tenant inducement.
3. Gross rent lease
When you pay a single amount to the landlord that covers base rent and all incidental expenses.
4. Modified gross lease
When you and the landlord share certain incidental expenses.
5.
Net lease
Where you typically pay for one incidental expense directly. In a single-net lease, you usually pay the
10. Tenant inducements
Incentives offered by a landlord to encourage you to rent a space. Examples include several months’ rent free or help with paying for leasehold improvements.
11. Trade fixtures
Items in a leased space that you can take with you when you move out and can generally be easily removed without damaging the property.
Examples include furniture, inventory and computers. Get advice from a commercial real estate lawyer before signing a lease to clearly define trade fixtures and to seek exclusions for assets you want to take with you when you leave.
12. Turnkey improvements (also known as turnkey buildouts)
Renovations that a landlord carries out at your request when you sign a lease. A landlord may agree to these as a tenant inducement.
13.
Leasehold improvements (also known as tenant improvements)
Renovations to a leased commercial real estate space to make it suitable for your business. Unless otherwise specified in the lease, any improvement that is attached to the building usually becomes the property of the landlord, meaning you can’t take it with you when you move out. Examples can include machinery, flooring and built-in shelving. Get advice from a commercial real estate lawyer when negotiating a lease to seek exclusions for assets that you want to take with you when you leave.
Remember: If necessary, you can always apply for a leasehold improvement loan, a short-term loan (often amortized over five or six years) that you can use to pay for renovations to a leased space. You can sometimes negotiate a principal holiday for the first six to 12 months of the loan. Depending on the value of the improvement, a bank may accept the improvement as collateral for the loan, which could result in a lower interest rate than that for an unsecured loan. CI
FUTURE GO STATION INVESTMENT • CLARINGTON COURTICE
Fully usable, clean, fenced, serviced, secured & improved for turn-key use! w/ 530ft of frontage and two entrances. Presently zoned for outside storage + with tenant income, large upside $$$ potential. 4 acres total - municipal services - next to high density designation for GO station. Close to HWY 401, 418, and 407!
CHOICE INVESTMENT @ 4MILLION
NEW INDUSTRIAL BLD28,500 SQFT ON HWY 401 BOWMANVILLE!
Prime 401 exposure. 30’ ceiling, truck level shipping, excellent 401 access. Sprinklers. Available Jan 2025. Foundation now complete! Available Q3 2025). ONLY industrial new build listed for sale in Clarington!
GREAT PRICE @ $400 PSF! CALL FOR DETAILS
6K TO 15K SQFT INDUSTRIAL W/ DRIVE IN DOORBOWMANVILLE
Industrial space with 16ft loading door loading door in Bowmanville. Flexible M2 zoning, newly finished office & mezzanine + 16ft clear height. Ideal for manufacturing, potential for automotive, warehousing, workshop and more. Great access to HWY 401 nearby, and low rental rates.
FOR LEASE @ $10.50 PSF NET + $5.00 TMI
MAJOR HIGHWAY - RESTAURANTBUILDING LAND + BUSINESS
Long established family restaurant (20 years) one acre commercial site, large parking and frontage, fully licensed, 70+ seating, outdoor patio. Excellent upside to increase $$$ owners retiring!! With hold first mortgage for qualified buyers.
FOR SALE $1,525,000 - VTB AVAILABLE
FOR LEASE - BEST AND NEWEST BUILDING IN NEWCASTLE!
Busy anchored Plaza hosting national tenants with abundant surface parking and signage. Exceptional office space suitable for any professional business. Option for fit-out or shall finish space. Large common area & washrooms included. Major growth coming from multiple finishing subdivisions. 7 Units from 2000 SQFT to 1320 SQFT available.
RENTAL INCENTIVES NEGOTIABLE - CALL FOR DETAILS
ONE OF A KIND!
LARGE A+ COMMERCIAL SPACE IN BOWMANVILLE
Rare opportunity for up to 12000 SQFT free standing commercial space @ an unbeatable rental rate. Former home-hardware property with great shadow anchors, nearby schools, tons of traffic, spacious parking, convenient loading area, and high ceilings.
FOR LEASE @ ONLY $12.00 PSF NET + $6.25 TMI
Premium investment opportunity (6% cap rate) in the coveted Leslieville neighbourhood. This 3 Storey Commercial/residential property is comprised of 1 retail space on the main floor (Approx. 2,200 sqft) and 2 residential apartments on the second and third floors respectively. Conveniently located on Queen Street East, the location offers excellent foot traffic and with the increased density coming to the neighbourhood, 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.
