First investment property

[John Ibbits]

I want to preface this by saying that I already own a small commercial building for my business and my personal home, so I understand what owning a property and required maintenance can look like. But I’ve never had an investment property.  

What would be a good place to start? In the GTA, I was thinking about getting a SFR home in a good school zone and having the basement turned into a separate unit. Im not really looking for cash flow per se but long term capital appreciation.

If I should be looking at other kind of housing (condos, multi family etc) I’d appreciate any tips as well. 

TIA

[Chris Baxter]

Typically only stabilized properties (where someone else has increased NOI and is looking to sell) or problem properties find their way to these sites. Off-market deals are best