[cmystikal]

It could be the slaughterhouse in the neighborhood, depending on where exactly this property is located.

 

[Jarrek]

Spend $100 K more and get a better ROI on this:

http://www.mls.ca/PropertyDetails.a...rt=2&of=1&ps=10&o=A&Mode=0&PropertyID=6938373

2244/month in Rent.

Tenants pay own Hydro.

Yearly Expenses: Gas $2,324., Hydro $554.01 (Common), Water, $1,800 (not sure why water is so high? I pay about $600 in my triplex). Taxes should be about $3,600/year.

You do the math.

The area is OK. The only negative thing I find about it is Gardiner to the north with its constant noise. Could be a good and bad thing as you have somewhat easy access to it.

Mimico GO station is about a 10 minute walk south. Lakeshore streetcar is about 15-20 min - but it will change once they build a path through the park across the rail tracks.

 

[piggal23]

Thanks for all the wonderful inputs. It has good ROI indeed. But this is not easy for me to manage a house for rental esp I am not in town. I think condo/loft will have less problem with management office in the building. Do you think?

 

[Jarrek]

Thanks for all the wonderful inputs. It has good ROI indeed. But this is not easy for me to manage a house for rental esp I am not in town. I think condo/loft will have less problem with management office in the building. Do you think?

If you'll be an absentee landlord, then absolutely.

 

[Jarrek]

It could be the slaughterhouse in the neighborhood, depending on where exactly this property is located.

There are no slaughterhouses in the neighbourhood.

The're a Mr. Christie plant just eastwards, and the Ontario Food Terminal north-east of the place.