Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Posted almost 15 years ago

Parking Spot For $100,000.00?


Everyone on the team knows that property prices in the United States are up to 70% off and it's an ideal time to purchase for personal use or invest in revenue properties.

I thought another small comparison might really drive the point home.

The Toronto Star reported yesterday that "The average parking space in downtown Toronto would cost about $35,000..."  and that, in fact, "the cost of a Toronto parking space has risen beyond the cost of an average car".

And yes, there are parking spots for sale in Toronto for $100,000.oo or more.

Let's compare that to Orlando where an assigned parking space at Solaire at the Plaza, downtown Orlando is $95.00.

Or in Atlanta, where a gorgeous, brand new condo currently selling includes an assigned parking spot at no additional charge.

Makes you think about added value, doesn't it?

 


Comments