Quote:
Originally Posted by Hondaracer
Went to an open house today, an interesting prospect. House in East Van for sale with mountain/water views of the North shore for 1.8. Original is over 100 years old but reno’ed and updated
Has a large 2 bedroom with en-suite for the main living space and then a basement suite and 2 year old laneway house that get $4700 a month and up to $5400 a month outside of covid.
I didn’t love the house nor do I love having two separate tenants but pretty crazy potential for rental income and somthing I’ve been considering
|
IMO, it's definitely attractive from an income pov, but not attractive from a livability standpoint. Your streets will become so congested with so many families living in such close proximity... but I guess that's quite standard now in East Van where side streets are completely lined with cars.