That way you will know whether you can convert the unit to a higher and best use in the event circumstances change.You will also want to contact a commercial agent in your area to perform a financial analysis on this.

They offered a purchase + rehab financing loan that converted to a normal mortgage once the rehab was done. 

There are old houses converted into multiple unit apartments sitting on three of the lots and if this one is not included that obviously negates the assemblage.

There was a huge hiccup with the combination for foreign 15% tax and mortgage stress test in 2017 that drop prices and took just over a year to recover and bounce back..Don't look at appreciation  look at ratios, areas close to transit, if condos buildings not too older and higher than average maintenance fees..Converted duplexes are usually investors delight in Ontario and has been for years..

I am a 15 year construction vet slowly converting to real estate investor so this part is new to me.  

I added/started my real estate business about 8 years ago and have a small portfolio of well managed and high cash flowing rentals, which I am always expanding.I absolutely love the way things have worked out where I work on some cool projects and convert money made in consulting into long term wealth building real estate.

One more:I partnered with others to buy a fourplex for $1.6M and put in about $590K in renovation and carrying costs to convert each unit from a 2/1 to a 3/2.

I don’t know what I’m looking at for permit costs, converting costs, moving heating unit pricing, etc etc! 

Hello everyone. I really need some guidance for a creative opportunity. I found a great fourplex that's cashflowing just enough to make a few hundred bucks a month (after loan payment) just the way it is right now and...

The houses previously were used as assisted living facilities but have since been, or can now be, converted to single family housing.