Alliston Ontario

[PARAMJIT001]

Hi Everybody,
Can any body tell me how to proceed into the market to look for my first potential property. i am interested in Alliston, because of fundamentals.Any suggestions will be more than welcomed as i am new to REIN.
Please advice !
Paramjt Singh

 

[RobertDiMatteo]

Alliston doesn`t have much inventory available. A semi recently sold for Approx. $219,000.00 and cash flows very nicely. I just found another that is priced at about $250,000.00 and also has a positive cash flow. Have you considered Newmarket/ Aurora? There is more inventory available and prices are great right now. These two centres are relativelly close to Alliston, Markham and Barrie.
I own a 10plex in Alliston and it does very well. I also own several multi-units in Newmarket and they also do very well.

I`m on my way to Alliston in the morning to review some investment properties. Its a great little town to invest in and has a growing sustainable economy and units are very easy to rent. A new Power Centre is around the corner and there are many smaller (3-19 emp.) manufacturing and trade shops situated through out.

 

[PARAMJIT001]

Hi Bobby,
Thank You for your input and advice.Are you form Toronto.Are you looking for any JV.Please advise.
QUOTE (PARAMJIT001 @ Oct 10 2007, 08:31 PM) Hi Everybody,
Can any body tell me how to proceed into the market to look for my first potential property. i am interested in Alliston, because of fundamentals.Any suggestions will be more than welcomed as i am new to REIN.
Please advice !
Paramjt Singh

 

[ShariAnn]

Thank you both!
I`m new to REIn as well and never would have thought to ask the question Paramjit did. I too will consider Newmarket/Aurora.

Have a great week!
Shari-Ann Rosenberg

 

[PARAMJIT001]

Are you from GTA?

 

[NassirNathoo]

Hi BobbyD,

For the semi you mentioned, who will be the tenants and can you give an example of your calcs, what was the tenant payment?
Thanks

QUOTE (BobbyD @ Oct 19 2007, 09:40 PM) Alliston doesn`t have much inventory available. A semi recently sold for Approx. $219,000.00 and cash flows very nicely. I just found another that is priced at about $250,000.00 and also has a positive cash flow. Have you considered Newmarket/ Aurora? There is more inventory available and prices are great right now. These two centres are relativelly close to Alliston, Markham and Barrie.
I own a 10plex in Alliston and it does very well. I also own several multi-units in Newmarket and they also do very well.

I`m on my way to Alliston in the morning to review some investment properties. Its a great little town to invest in and has a growing sustainable economy and units are very easy to rent. A new Power Centre is around the corner and there are many smaller (3-19 emp.) manufacturing and trade shops situated through out.