I’m excited to share some new opportunities for investors – we just met with two of the most qualified agents in Ontario when it comes to real estate investing, and we’re going to plug you into some of their best deals in the weeks and months ahead.
Almost everyday we get emails from people who want to invest in Milton real estate, and for the most part, we’re not very enthusiastic about the options in town. Values have now risen beyond thresholds of making any monthly profits compared to rents… but there are still some great options a little further away. More to come!
In the meantime, we’ll talk about the financial benefits of a basement apartment in the video. If you are receiving $800/month from a basement suite, what does that mean to you?
There are questions of legality (for example, townhouses are prohibited under current Milton rules for basement apartments), but the truth is many people still choose to rent these areas out, even if they don’t meet all the Town requirements.
I’m not saying you should avoid the rules, because it’s not something that I would do. But the truth is there are many basement apartments out there that do not conform to the specifications of the municipality… but they’ve been rented for years. It’s a complicated issue, and our job as real estate consultants is to provide you with all the information so you can decide for yourself. But that’s another story.
It’s a small list today with only five properties. I’ll tell you more about one of the hottest areas in Milton (Dorset Park) and why people are moving there, and why Dempsey is such a desirable place to live – with a slightly lower price for most detached homes.