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Multi-Family Property Buying Guide
Are you thinking of buying a multi family Property? If so, you're in luck because some great options are available right now.
What is a Multi Family Home?
A multi-family home is a single home that is built to house more than one family. They can range from apartment buildings with multiple units, a duplex which has two dwellings or more. (Buildings with more than four units are considered commercial properties.)
Why Buy a Multi Family Property?
What to Look out for in a Multi Family Home
The right information is very important when purchasing a multi family home in Canada. From financing to renting, maintenance, etc, getting the right information can help to make the entire buying and management of your multi family home seamless. Below are 4 key factors you should consider when buying multiple family homes in Cochrane.
Location: Location is one of the most important factors to consider when buying a multi family home in Calgary, Alberta. A great location means more tenants which means more money into your pocket.
Today Number of Units: The next to evaluate the cost of a multi family home in Cochrane is the total number of units the home has. The total number of units can give you a rough idea of how much you can make in rental income from the house.
Potential Income: Potential income is another factor when purchasing a multi family home in Calgary. Sites like Rentometer.com or Craigslist are very helpful in finding rental prices but investors should keep their eyes open taking everything into consideration.
Cost: Every situation will differ when financing real estate, especially multifamily properties. You may choose to live in one of the units or homes while renting out the rest to qualify for owner-occupied financing.
The Latest
2504 18 Street NW, Calgary, Alberta, T2M3T6
Capitol Hill, Calgary- 5108.00 sqft
- 4 plex, Multi-Family
1526 & 1528 18 Avenue NW, Calgary, Alberta, T2M 0W8
Capitol Hill, Calgary- 4052.23 sqft
- 4 plex, Multi-Family
2112/2114 35 Avenue SW, Calgary, Alberta, T2T2E3
Altadore, Calgary- 3963.20 sqft
- 4 plex, Multi-Family
503 10 Street NE, Calgary, Alberta, T2E 4M4
Bridgeland/Riverside, Calgary- 3180.00 sqft
- Triplex, Multi-Family
509,511 34 Avenue NE, Calgary, Alberta, T2E 2K1
Winston Heights/Mountview, Calgary- 1692.17 sqft
- Full Duplex, Multi-Family
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