How to chose best rental property
Would you please give me advise or opinion?
What would be the best income property for us?
Plan is to keep property at least 15-20 years. Than sell it and use money for retirement.
We live in north Etobicoke.
Everybody seems to have different advice... for example:
Buy nice new condo close by because of new LRT on Finch
Buy nice new condo, townhouse in Vaughn because it is nice area
Buy detached house in Oshawa because it will appreciate the most
Buy semi in Brampton you will have nice monthly profit
My favorite is very small semi in Toronto - I am thinking it will have good monthly income from rent and will appreciate a lot.
Now with Covid ...will it be even important to be close to downtown or TTC when most people work from home? Maybe large home and backyard are going to be more valuable than good TTC connection.
Do townhouses (without backyard) and condos appreciate at all?