The following Case Study illustrates one of the most compelling reasons for buying and owning rental investment real estate is the phenomena of expanding value and expanding return on investment. This occurs as a well bought and well maintained property experiences income growth and decreasing debt over the investment period. As rents increase (modestly) year to year, and mortgages are paid down on a regular, escalating basis, the prudent and patient investor can watch while other people (tenants)...
The following Case Study illustrates an answer to the title question, ‘’Vancouver Real Estate, can prices go any higher?” This question has been asked over and over in the many years that I have been in the business. The answer is always a matter of supply and demand, economic climate and the political climate in British Columbia.
The following Case Study illustrates that Sellers may not want to be tied up with long completions and will look at all offers as to when they would best receive the sell proceeds and their price.
The following Case Study illustrates, again, the principle that there are always gems and opportunities in the Market. These are usually found by looking past the superficial elements of a property to realize its potential for value upside. Sometimes (often) it takes a bit of time for the right buyer to come together with the Seller to work this out as a Win-Win for both.
The Property: A 2200 sq.ft., 3 level “character” house containing 6 bedrooms, 4 bathrooms and 3 kitchens on a 24.75’ X 112’ lot on West 12th (busy street) in the City Hall area of Vancouver. Built in 1910, the building is structurally sound, with partially upgraded plumbing, electrical, and cosmetic work. The accommodation is Top floor: 1 bdrm suite; Main floor: 2 bdrm, 2 bath suite; and Basement: 3 bdrm suite; plus single car detached garage with electric service....