Cash flow condos in GTA

[Steven Michael Thomas]

Starting to look at pre-construction properties in Toronto proper and I'm not super happy with the numbers - obviously factoring in a lot of appreciation over the next few years. 

Anyone looking at interesting condo projects anywhere in the GTA and finding cash flow opportunities? Pre-construction or otherwise? 

Cheers

[Hai Loc]

Originally posted by @Steven Michael Thomas:

Starting to look at pre-construction properties in Toronto proper and I'm not super happy with the numbers - obviously factoring in a lot of appreciation over the next few years. 

Anyone looking at interesting condo projects anywhere in the GTA and finding cash flow opportunities? Pre-construction or otherwise? 

Cheers

 Buying pre-construction condos is all about projections. The value "should" increase, rental rates will increase. So if your projecting cash flow you will have a higher margin then vs buying resale now. The rental rates are so high in the downtown core that it forces most millennials to share rooms. I would recommend to buy 2 bedroom units with a parking spot. As you know most developments allow 2 bed units and up to have first dibs on parking spots. If you do decide to go 1 plus den make sure there are 2 full baths in the unit and the den is like a separate room with a door vs an open space in the corner. People out there are willing to stuff all their belongings in that 8 x 8 den for a discount.