Don’t miss your opportunity to bid on this lucrative property

For the first time ever, the Toronto Investor Forum will host its very own property auction – don’t miss out on your chance to own this attractive four plex.

The Investor Forum, brought to you by Pinnacle Wealth Brokers, is set for March 5th and 6th at the International Centre in Mississauga, Ontario.

And for the first time ever, the event will play host to a live auction – the must-attend event for all Canadian investors.

Real estate auctions are prevalent in the United States and have become more popular in Canada recently as well.

“It’s the best and most transparent way to buy a property,” Bill White, a broker with over 20 years of industry experience, told Canadian Real Estate Wealth.

There are two ways investors can participate.
  • Onsite, at the Toronto Investor Forum.  Bidders will need to register  prior to the start of the auction, have a government issued ID (driver’s license, pass port)and be prepared to place 10% of the high bid down at that time as earnest money.  The down payment is non-refundable in the case of a buyer default.  It is completely refundable in the case of a seller default.
  • Online at auctionnetwork.com.  Bidders can remotely bid on the property on Auction Network. Bidder must register prior to the start of the auction and have a valid credit card to confirm their identification.  Online bidders will be able to hear the auction and see the bidding on the bidding platform.  If the high bidder is online, they will be contacted immediately after the auction ends for next steps.
The property is located in St. Catherines, Ontario. Below are the potential rental details.

Basement 1BR unit rented for $600/month.

Main floor 1BR unit w/lower level kitchen rented for $500/month.

Main floor 1BR unit rented for $650/month.

Upper 4BR unit rented by the room for $360 + $380 + two rooms presently vacant that usually rent for $400/month each.

The Investor Forum will also feature a number of investment-related workshops and talks on topics including protecting rental income, creating monthly cash flow, how to quit your day and become a fulltime investor, and opportunities in various markets.

Click here for more information and to register, click here.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Investment Hot Spots:
Dore Lake, Valcourt, South Slocan, Clifford, Glenora

COMMENTS

  • by Property Investor 2016-03-01 5:43:53 AM

    This is a rooming house why would you auction something like this?

  • by Scott 2016-03-02 10:39:33 AM

    Why not? They neetied to start somewhere, right? Maybe it'll be a different type of property next time. Maybe more properties too!

  • by Scott 2016-03-07 11:47:56 AM

    So.....what happened? Details!!

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Would you vote for real estate board amalgamation