All Forum Posts by: John Dare

I was using the BiggerPockets calculator for calculate ROI (along with finding local rental prices). ROI in generally -2% to -8%

Thank you for your responses, im grateful for your insight.

I have a good income so could potentially stomach negative cash flow. If I lived in one of the 4 units, paid the remainder of the mortgage & expenses then I would likely be paying less than I currently do on my condo rent. 
If I can find a Toronto multifamily home that I could add a laneway home to then I may see positive cash flow.

Property appreciation seems to have an advantage over positive cash flow in that rental income is taxed but property capital gains potentially is not (CRA’s principal residence exemption).

Buying a multifamily home outside the city or simple buying a townhouse for myself to live in are other options I am considering.

I want to buy my first property in Toronto (duplex/triplex house-hacking). When I crunch the numbers its hard to find positive ROI in reasonably central Toronto. Once I look outside Toronto I can find a good ROI.

Is there a tradeoff to make whereby buying inside Toronto provides a bad ROI but better property value appreciation, outside Toronto the ROI is good but the property value may grow at a slower rate?

I like in Toronto so would like to buy a Multi-Family home in Toronto to live in one unit and rent out other units, but finding a good ROI seems impossible in Toronto (unless I put a larger deposit down).

I would appreciate your thoughts and advice.

See a typical example below; $1.1m, 4 units, 20% deposit