Quote:
Originally Posted by roger
i dont have rental houses anymore. it all depends on the local economy.
i would however toy with a commercial type property though. like a 40x60 type shop 16' walls on a acre or two in a industrial subdivision with apartment inside it. i think it is zoned c-1. commercial with a single dwelling.
a single tenant above and lease the bays to a (ie: mechanic, pump repair, etc. ) or a owner of a new business looking to 'live the dream' .
commercial pays higher rates on a 'cheaper' building for possibly longer but may be empty longer.
at least then on the plus side it would be a heated space for my crap too.
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With the way property taxes are going on commercial properties it's getting more and more difficult. Everywhere is different but some areas of the province it gets ridiculous. Calgary for example is 5X the residential rate.