Friday, October 23, 2009

The Investor Itch

It doesn't take us seven years to feel the itch. Shortly after we moved into our new house, with a couple of rooms still yet to be filled with furniture on order, we've picked up another investment property in the Leaside neighbourhood. Just when the thrill of new home owner starts to taper off, the sense of loss called for this type of behaviour.

Over the past two years we've been contemplating the idea of buying a few investment properties: either for long-term rental or flip at time of closing. Similar to all other major life events of ours, it didn't take us long (over a weekend, to be exact) to decide on
Scenic on Eglinton. We've committed ourselves to a 876 sq ft corner unit with 1 bedroom + den + a humongous balcony. You must be laughing...yes, the entire unit is only the size of our current kitchen! The unit faces north where Sunnybrook Park is. The closing date is slated to be Sept 2011, but will very likely be delayed to the following year.

View looking North where Sunnybrook Park is.
View looking Northeast where Leslie & DVP is.
Salt-water Pool: how many condo buildings in Toronto have salt-water pool?
Bathroom with standard features
Bedroom with standard features, all suites have 9' ceiling.
Kitchen with standard features (except for the lights over island)
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