property

/Tag: property

August 2015

Two houses on a double lot in East Vancouver

By | 2015-08-15T16:40:11+00:00 August 15th, 2015|Hot Property|

1. Vancouver, 5 suites in 2 houses on a double (6400 square foot) lot in the Mount Pleasant part of East Vancouver. We have owned the property for 10 years and have steadily increased the rents. They currently gross $89,000 per year and we are looking at raising rents for 3 of the 5 suites on September 1st.
The cap rate is 4%. Price $1,688,000.

2. Chilliwack, 2 bedroom townhouse in Chilliwack $179,900. Rent is $1,200 – leaving a positive monthly cash flow of $285.

Canadian housing market – doomed?

By | 2015-10-05T20:06:17+00:00 August 15th, 2015|Hot Tip|

There are a lot of doomers out there about the Canadian housing market. First, there was Deutsche Bank as well as our Central Banker Poloz that saw us 30% overvalued. Now CMHC is raising a warning finger.

In fact CMHC in its quarterly house price and analysis and assessment of 15 markets says Toronto, Winnipeg and Regina are all now considered high-risk markets. But unlike Poloz, CMHC says Vancouver is ok … but Toronto, Regina and Winnipeg are at HIGH RISK!

Add to this that high profile demographer Harry Dent says Vancouver is the single most bubbly city on the planet.

What does Ozzie think? Subscribe to […]

Farm and Land Deals

By | 2015-08-08T11:41:32+00:00 August 8th, 2015|Hot Property|

Farm and Land Deals BC

1. Alexis Creek, 320 Acres on two titles with year-round creek, 2 Lots/ 2 titles, $89,000 CAD. (Priced to be SOLD!)

2. 40 Acres Prime Hunting and Fishing real estate with 1300 sq ft building envelope, 150 Mile House, year-round maintained road access $98,000 CAD

3. Ross Meadow Ranch, West of Williams Lake. Great investment in Ranchland, $299,000 CAD. (445 Acres)

Islands in the Sun – Recreational island investing

By | 2015-08-01T19:09:20+00:00 August 1st, 2015|Hot Tip|

Recreational island investing … often it is better to poke yourself with a sharp stick in the behind.

Things to do – why you should be doubly careful when investing In Your Island in the Sun

  • We forget that islands take ferries (some take 3 ferries)
  • Building at waterfront could be impossible (can no longer go to the water – 100 ft. away)?
  • Buying on a “No ferry islands” – boat access only – hardly any use?
  • Location – west view is best – look where your island property gets the sun? Morning or afternoon sun?
  • Mortgaging difficult – if owner carries – get 10 years length
  • WATER: water well … just enough to brush your teeth. […]