Rental House

Last Sunday something exciting happened. We've been tossing around the idea of buying a rental property for a while now, preferably something within the same province that we currently live in...even more preferable would be something in our neighbourhood. Beyond that we were looking for something with multiple units (for more rental income) that needed only a little bit of work and would possibly be something that we would eventually want to move into ourselves. It was a lot to consider and we were thinking about many different scenarios including buying a new house to move into now and renting out our current beloved 2 bedroom house that we renovated. In any case, last Sunday Stephen went out with our real estate agent to do some looking around and he found exactly what we wanted less than a block and away from our house! 3 separate units, massive, in great shape, and has a layout that we could definitely work with to form into a spectacular home for ourselves in a few years. 6 bedrooms, 3 kitchens, 4 bathrooms...it's a Parkdale gem! The biggest fix that it needs immediately is new electrical. Luckily we have a guy. And today we got the news that our financing went through, insurance is good to go, etc etc.! Woot woot to our increased load of debt and our perfect big future new home!