Multifamily Properties in Ontario

[Tyler Bruce]

Hi All,

My business partner and myself are contemplating buying another multifamily in Ontario to expand our portfolio and generate some consistent rental income to support our flips. We have been scouring the markets and are struggling to find a decent building for under $1Mil. with a 7+ Cap rate. If anyone knows of some good areas please feel free to pass them along. I understand that areas in the GTA will not have Cap rates such as this and for that reason we are looking well outside of the GTA. We have found some great properties in the past with ease but they seem to be harder and harder to come by.

We are always looking for a good project/"hole" as well.

Any advice?

Tyler