Buildings for Sale in Toronto

Year: 2018

October 19, 2018 Addy Saeed Comments Off on Investment properties for sale in and around Toronto Listings Broadcast

Investment properties for sale in and around Toronto

I wanted to take a quick moment and point out some new listings that we are working on that are available for sale.  We were working on an 84 unit portfolio that was recently sold but is coming back to the market.  If you’re interested in it, please reach out as I haven’t prepared a video for it yet and can send you info on it.  Here are some others we are working on:

Following are the listings that we have coming in the near future:

  • 2 Properties with institutional zoning allow for uses such as places of worship in Toronto

Our residential team is also busy and has two new listings coming as well

  • 5 bedroom detached property hosting over 2500 square feet in Brampton
  • 4 bedroom bungalow on a large 50×120 foot lot that could be rented till ready for development

Can’t see what you’re looking for?  Reach out and we can help find the property for you.

June 27, 2018 Addy Saeed Comments Off on Up to 84 unit apartment buildings for sale Listings Broadcast

Up to 84 unit apartment buildings for sale

I haven’t been very regular on the site for which I apologize. It’s been an interesting year with negative media reports while we are having a hard time finding properties for our clients. There is definitely a big shortage of investment properties that our clients have an appetite for and we are always looking. If you have a property that you’re looking to sell, please reach out first as we may be able to put together a deal for you before you have to take it to market.

If you’re looking for a property to purchase and invest in, following is a list of properties we are working on. Please note that I have limited information available for these as these are in our pipeline and I can send more information on request.

  • 84 units consisting of three buildings – over 7% cap rate
  • 12 Unit close to Ottawa, Ontario @ 6.71% cap rate
  • Retail Plaza in Dundas Ontario
  • 21 Unit in Whitby Ontario
  • 8 Plex in Etobicoke for $1.45M

I hope you’re enjoying your summer and making the most of your time.  If you would like more information, please fill out the form below and I will get the info to you as soon as possible.

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May 10, 2018 Krystal Lee Ponte Comments Off on Market Watch – April 2018 Operations

Market Watch – April 2018

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Full market watch report-April2018

April 11, 2018 Addy Saeed Comments Off on 7 Unit Apartment Building in St Catherines Listings Broadcast

7 Unit Apartment Building in St Catherines

We have a freshly renovated 7 unit mixed use apartment building in St Catherines that is coming up for sale.  The building is renovated from top to bottom with new roof, new plumbing throughout the building, new heating system with upgraded mechanicals, expansion tank, fill package, tekmar zoning system, new siding, new windows, new flashing, all new electrical wiring, new Romulo insulations with soundproofing, fire code passed with fire shutters in the back units, new tiles in commercial space with auto-door closures and new machines/dryers and soap machines in the commercial unit.

For more details, make sure to check out the video in the property listing

 

April 11, 2018 Addy Saeed Comments Off on Transactions are down 39.5% based on year over year comparison Profitability

Transactions are down 39.5% based on year over year comparison

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 percent compared to a record 11,954 sales reported in March 2017 and down 17.6 percent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 percent decrease compared to March 2017 and a three percent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 percent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Market Watch – March 2018

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