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Updated over 9 years ago on . Most recent reply

Sharon Carey's profile image
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Sharon Carey
  • teacher
  • from Surrey, British Columbia
  • Member since Oct 18, 2015
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Sharon Carey's profile image
Sharon Carey's profile image
Sharon Carey
  • teacher
  • from Surrey, British Columbia
  • Member since Oct 18, 2015
Connect
Sharon Carey
  • teacher
  • Surrey, British Columbia
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Commercial Real Estate Investing

home zoned commercial

Sharon Carey
  • teacher
  • Surrey, British Columbia
Posted

We have an offer on a 2 bedroom house 3 hours from Vancouver. It is in decrepit shape, and the owner wants $69,000, but he'll take $53,000. It is in the middle of a small town, and it has commercial zoning. Is this worth buying? There are two guys living there annd they are paying $500, but they respect the property. Need advice about residential zoned commercial and will I get a return? 

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