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Updated almost 5 years ago on . Most recent reply

User Stats

9
Posts
5
Votes
Sean Tait
  • Real Estate Broker
  • Hamilton & Toronto, Ontario
5
Votes |
9
Posts

Sault Ste. Marie Multi-Family Cap Rates

Sean Tait
  • Real Estate Broker
  • Hamilton & Toronto, Ontario
Posted

Hi All,

I'm trying to underwrite a rental townhouse complex (50+ units) in Sault Ste. Marie. Ontario

This market is not exactly data rich though... does anyone have any experience in that market and know what the current comps look like from a cap rate & price per unit perspective? Any recent sales I could be pointed towards as comparables?

Thanks a bunch! 

Sean

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