[Calc Review] This is an 18 room commercial

[Devon Cornwall]

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*This link comes directly from our calculators, based on information input by the member who posted.

This property was happened across on pure luck, the numbers used are the givens by the listing agent. Seller is willing to carry financing. Is this a deal too good to pass up? Or am I not including the possibilities of additional losses?

From LA: "18 ROOM - ROOMING HOUSE WITH COMMERCIAL FRONT - LOCATED IN THE DOWNTOWN AREA - EXCELLENT RATE OF RETURN! MANY RECENT IMPROVEMENTS INCLUDING - UPGRADED ROOF ($30,000.00)-2 YEARS - WINDOWS UPGRADED 8-9 YEARS AGO - 2 WATER HEATERS, FIRE INSPECTION COMPLETED - AND MANY MORE IMPROVEMENTS - BUILDING IS IN A EXCELLENT RATE OF RETURN - BUYER MUST ASSUME FORGIVE ABLE LOAN HELD BY CMHC IN THE APPROX. AMOUNT OF $32000.00 AND EXPIRES IN THE YEAR OF 2023 INCOME AND EXPENSE AVAILABLE - OWNER WILL ASSIST IN FINANCING IF NECESSARY - DON'T MISS OUT ON THIS TRULY RARE FIND!! BUILDING IS KNOWN AS THE ABIDING HOUSE"

This is in Ontario, Canada. So any Canadians out there with insight would be great. :)

Thanks again,

Devon