Buying first property

[Keenan Freker]

So I saw this home for sale in my current neighborhood and it is a duplex (one bedroom bachelor suite ontop) and the house is older but has updates for the most part. It's going for 199,900. I was wondering (since being new to real-estate) how can I tell if that's a good deal or a bad deal? I live in Canada and the city I am in all the housing market is going through the roof right now. The best part is I live only a few blocks away and I don't think any house is in my area is worth that much.  

Link : House for sale

[Alan Caceres]

@Keenan Freker The best way to tell if this is a good deal or a bad deal for you, is to know what your investment strategy is. What are the criteria in a deal that you have decided is a good deal for you? 

Are you looking for a primary residence? Are you looking for a flip? Are you looking to house hack? Are you looking to purchase the property for primarily rental income? 

There are many factors that tie into what makes a property a good deal or a bad deal, and those factors rely on what you are looking to do once you've acquired the property.