Got the building...Now should I condo convert?

[Matt H]

I just got a large apartment building. It's already individually strata titled. I'm just debating whether or not I should try selling off the units. I paid just over 2million for the building. It has about 50 units and if I could sell them as condos at the market rate I should be able to make around $45k net per door, ending up with a total next profit before tax of around $2.25m . Probably would be the best thing to do with the building. Especially since it's across the country, long ways away. Then I'm thinking I could take those funds and buy several properties, perhaps even right here where I live. Anyone have any thoughts on this? Or any insights on the best way to do a condo conversion? Or would you just buy and hold and not sell it off?