Development Strategies
The recent listing of 385 and 387 West St N, in Orillia Ontario is proof that our strategy for this property was correct. In our initial financial analysis we calculated a break-even scenario until such time ( approx. 3 years) we would sell to a developer. We analyzed the market trends, (population growth, due to new Lakehead University), transportation changes (widening of West St N), and vacancy rates ( 2% vacancy...indicates strong demand for housing...in part due to the combination of the previous 2 in-dices...i.e. the low vacancy is proof of the growth in the region.)
Although this property does not cash flow strongly, it does however carry it self, making it an ideal development property.
MANA REAL ESTATE GROUP
Your Full Service Real Estate Team . We do investments, property managing and for sale by owner ( fsbo) real estate in the Barrie, Orillia, Midland-Penetang, areas. Also Collingwood, Innisfil, Wasaga Beach, Alliston, Owen Sound, Parry Sound, Muskoka, Gravenhurst, Bracebridge, Honey Harbour, and Parry Sound areas
http://www.manainvestments.com/
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