Sell first unit, to purchase multifamily?

[Maksu Ize]

If you were in my position, what would you do?

Keep in mind, this is Canada

Currently have a condo, comes up for renewal in a few months. The unit has been cashflow negative for its life, but appreciation has outpaced any potential net income 10 fold.

Existing loan 290k (40k is HELOC towards another property)

Low end sale price : 550k

After all expenses cash in pocket low end : 200k

If I keep the property, appreciation is around 7% a year.

If I sell this, I would be able to buy a 12plex inland, for a value of 850k. Should bring in 1k/month conservatively after doing full property calc.

Or 5 homes with a value of 200k each. Should bring in 500$ month at minimum. Maybe even buy some dumps at 100k and try BRR

Appreciation here is much more flat, maybe 2%.

If I don't sell, I'm lined up to use heloc to purchase a 4 Plex or duplex in a few months regardless.

This option results in 100$ cashflow at most.

I'm not a property hunter, in other words, not looking to scale 20 properties a year, current goals are 1 property every 3 years, safe and steady.