Thanks Samuel!
Brantford is interesting in the real estate market right now.
I bought a 2 bedroom 2 bathroom townhouse condo on the east end right near the 403. Added a bathroom in the basement and moved my room down there.
I haven't done a lot of research in Brantford yet, but just from checking MLS every few days for the past year now, I've noticed places identical to mine selling for 25-35k more than what I purchased it for. Housing seems to be going up as Brantford gets better. There are rumors of a GO Train station and a Costco being built in the future. It might be a good area for a buy and hold strategy.
I'm not sure if I would want to purchase my first investment property here however. Anything under 200k will be near the downtown core, which does not usually attract the best tenants. Not sure how well a BRRR in the downtown area will do.
You can purchase a newer townhouse in the southwest end for low 200k and rent to a single family, but then you probably are only going to be just covering your mortgage with the rent. However with the newer home and hopefully respectable tenants you shouldn't run into any problems.
I haven't seen many multi-family units up for sale either.
The place that interests me the most right now is London. There are a few 3 bedroom places near fanshawe college going for 109-120k. I saw a MFU that was 2 bedroom upper, 1 bedroom middle unit, and 2 bedroom lower unit going for 325k.
