Mar '24 (edited) • General discussion
Market Comparison
I thought it would be interesting to share a little comparison of properties between my home town of Guelph, ON and Winnipeg, MB.
I reached out to the realtors of both properties and got pro forma's to help the analysis.
GUELPH
Property:
Analysis:
WINNIPEG
Property:
Analysis:
TLDR; Guelph property nearly 5x as expensive but market rent only 2x higher. Winnipeg property cash flows over $500/mo, nearly a 10 cap and almost 19% COC. Guelph property @ 2% COC.
Interestingly enough both properties have two tenants well under market rent.
If anyone has any recommendations for resources/information about investing in other markets feel free to leave a comment. Also if anyone has any connections to Winnipeg real estate let me know, I think that market is one I would like to explore further!
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Market Comparison
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