Quote:
Originally Posted by Gerbs
Isn't that a pretty shitty return on 1.8m? Less than 3%.
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Don't forget to factor in the primary residence on top floor you'll be living in. If you factor in renting the whole property, it's more than 3 %. I would say conservatively you can rent upstairs, basement and laneway unfurnished for $5500-6000 easily after covid is over.
Didn't do calculations but with 20% down, it might still cash flow a bit?