The location is Ottawa-Gatineau. A triplex was my first choice but I could simply not make sense of these units, turning out to be 4 or 5% cap rate, some worst than that. Also, they are very rare, which probably explains the rediculous prices. So I gave up on these and decided to go for smaller...

Thanks for the info. ... so 35 to 50% is low risk. That simplifies things a lot as it does not leave much room for anything. Buyt 1, maybe 2 properties. So I guess I will use all of the $ on down the down payment(s) and during this time I suppose I would make any additional payments I can...

Hi, I am trying to see what I can accomplished in the next 5 years. The goal is to acquire as much rental units as I can during this time. Here are the constraints. 1. Start with 2 single units (one at a time), probably row house or semi-detached, freehold. After that I am open to plex under 5...

This is interesting. I am a member of 2 other forums, they are not related to RE. But the dynamics are exactly the same, I am new here but here is what is common of these forums: - There are always new members joining. - I would say 99% of those are 'novice' to the forum's theme and they ask...

Thank you for all your comments. My feeling throughout this is that I am not in the business of building condos, with the additional headache of having to merge with a heritage building which too me spells the possibility of cost overruns mixing/fixing old with new. I know this needs much...

Thanks Michael I will do that. The reason I used the high estimate is because this building is considered heritage, which means we have to preserve a good portion of it and I know that this means added cost. But you are correct, I will contact a contractor to get a better idea.

Thank you all. Thomas when does your range include underground parking? Here is what I am doing. We have a building that we could sell for $1M. It is very old and we wanted to know if it would be worthwhile putting it down and build condos. If I use your max cost per sq ft for estimating...

Can anyone tell me where to find or tell me what I could use as a rough range estimate for cost per square foot for building a condo? This would be in Ottawa with cement floors and wall separations, 4 storeys, with a 1 level underground parking. I know the devil is in the detail but I just...