We had listed a property on the Bloor subway line last month that has managed to stay without getting sold.  The seller is very motivated to sell the building and asked us to reduce the price from $3,688,888 to $3,398,888 which is a massive reduction of $290,000.

The property is now priced at a healthy 4.4% cap rate and generating a net operating income over close to $150,000 per year.  There’s also room to increase the net operating income by another $17,000 before the end of the year.

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