All Forum Posts by: Anthony McCallum

I have a studio in a high rise condo. I'm trying to decide what the coverage limit should be for landlord insurance. The only things I can think of are appliances, kitchen cabinets, and bathroom fixtures, which brings me to about $10k. However, the insurance broker I met with estimates in the 50-60k range. What else am I missing?

Any recommendations?

I was planning to avoid pre-sales to avoid interest rate risk at the time of completion, but I currently don't have a preference between newer vs. older buildings (any thoughts on that?). What are the reasons you suggest Yonge Finch/Shepherd? Any reason you wouldn't suggest core downtown? Also, what about somewhere further like Don Mills station?

I'm based in the US and am looking to diversify into Toronto. My ideal would be a 2bedroom condo in downtown or on a subway line. I know it's said that cashflow is impossible to find in the GTA, but I'd be willing to take a slightly lower ROI in order to get something that doesn't require any upfront maintenance and still cashflows a bit. Is this at all doable with a downpayment of, say, 150k?

Does anyone have a recommendation for a property manager in the Seattle/Bellevue area? It's for a 1 bedroom condo in downtown Bellevue.