Raising interest rates will be the way they slow down inflation and the heated up economy...

You need to determine from the Condo documents what the boundaries of your unit are and what things inside that unit and outside the unit that you would need to replace (could include Sheet Rock & Painting, Cabinetry, Fixtures, Heating & Air conditioning Units, etc.).  

The tenants paid for all utilities, including heat, but I kept control of the oil fillings.

I am within the winter season and floor three I had a plumber come out to provide an estimate on floor three changing to baseboard electrical heat.

We updated one side with new paint, blinds and had a new heat pump installed.

If I purchase this house, should I keep using the oil heating system?

Rising prices made the rental ratios out of whack..Speculative buying has returned You still look for value add but the value will be diminished with impulse bidding You might want to expand your radius outside of GTA but even in those areas are getting heated..

Rehab-Tear down walls to create open concept-New Ikea Kitchen on main floor with higher end finishes I purchased afterwards (previous owner had business and kitchen was upstairs) -Tore out old water radiant heat and pipes -Installed brand new Natural Gas HVAC and all duct work-New flooring on main floor -Redid wood stairs that were covered with carpet -Installed new fenceLoved the journey however long it took!

Most all have window AC and electric heat.

As part of repairing the place for tenants, I replaced a broken-down/inoperable heating system from the 40s.