"Investing in real estate has become very popular in Sudbury and The Greater Sudbury Area" says Bruno Gobeil, Broker of Record at Royal LePage North Heritage Realty, Brokerage. With over 1,700 rental properties sold last quarter, it is evident many people are turning to investment properties as a source of income. Investing in real estate is a great option for the investor who is looking to have control over their investment. Typically these are long term investments and can
Whether you are a first-time or experienced investor, real estate has opportunities for everyone to invest. Sudbury and the Greater Sudbury Area currently has 79 active investment listings that are 3 units or larger. Statistics for 2017 show that 2,345 properties with 3 units or more have been listed since January 1, 2017. Of those 2,345 homes, 1,078 have been sold. The total sale price of the 1,078 multi-family properties sold is $284,582,210. The average sale price of multi
When it comes to investing it is important to be have knowledge and understanding of the terms you will be commonly presented with. Some of these terms are even used to gauge the value of an investment property. Income: The sum of all rents, leases and other forms of earnings received
Expense: The cost required for something, property taxes, insurance, utilities, maintenance etc.
NOI (Net Operating Income): The Net Operating Income is used to analyze real estate investme
Have questions about investing or real estate? Send us a message.