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Updated over 6 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Joanne Boudreault
  • New to Real Estate
  • Queen Anne, MD
2
Votes |
12
Posts

Ontario Canada question-4plex With month to month tenants

Joanne Boudreault
  • New to Real Estate
  • Queen Anne, MD
Posted

I am a newbie in REI

I came across a nice 4plex that would need rehab.

In Ontario can I buy this property and right away let one tenant go at a time to rehab each unit then rent at a higher price without issues with the Act?

Other question the heat is not included in the rent (gas), I understand it’s not the ideal, should I avoid this? If no, how do you factor a fair price to split the heating cost so we don’t loose money?

Thanks for your time.

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