Asked by Gie
Hi
Saw a walk-up apartment at Haig rd. Small development and has only 9 units in total. They are asking for $850psf. Total space about 784sqft The place is relatively old as well. So i may need to pump in $20-25k for renovation before staying in. My questions are :
i) Is the unit worth the $?
ii) Is it true that it would be more difficult to sell walk-up apts in the future?
iii) The yield/investment value of walk-ups is low and not an investment asset?
Thanks.
Saw a walk-up apartment at Haig rd. Small development and has only 9 units in total. They are asking for $850psf. Total space about 784sqft The place is relatively old as well. So i may need to pump in $20-25k for renovation before staying in. My questions are :
i) Is the unit worth the $?
ii) Is it true that it would be more difficult to sell walk-up apts in the future?
iii) The yield/investment value of walk-ups is low and not an investment asset?
Thanks.
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