Chris_Hull
Active Member
I have some savings and wanna make a condo investment in dt toronto. I can either use my money to invest in a 1+1 unit at yonge and bloor area (or may be other similar dt core area such as bay and collge etc.), or I can buy a 2+1 unit at medium level dt areas such as city place or king west. The price for both type of units with parking and locker is around $500,000. I know in term of location, dt core is better. However, when thinking of rental income, a 2+1 suite at city place can be rented out from $2,500 to $3,000 per month, but a 1+1 suite at yonge and bloor is usually rented out at $1,800 to $2,200 nowadays. The above rental income datas are based upon my experience or my friends' experience.
So folks, can you guys give me some suggestions on where I should make potential investment in dt toronto area? Many thanks~~
So folks, can you guys give me some suggestions on where I should make potential investment in dt toronto area? Many thanks~~