Our investors are looking for a wide range of commercial real estate investment properties in Ontario, including industrial properties, industrial land for development, cash-flowing properties, self storage facilities, waterfronts, and farms. They are open to considering all commercial properties, regardless of price or condition.
If you are an owner of a commercial property in Ontario and are considering selling, we can connect you with our network of investors who may be interested in purchasing your property. We have extensive experience and expertise in the commercial real estate market, and we can provide you with professional guidance and support throughout the selling process.
Contact us today to learn more and receive a competitive offer for your property. Let us help you achieve your investment goals and maximize your return on investment.
There are several ways to determine the current market value of a property. These can include:
It is important to identify and address any outstanding debts or liens on the property before proceeding with the sale. This can include mortgages, property tax debts, or other liens that may need to be paid off or resolved before the sale can be completed.
The legal requirements for selling a property in Ontario can vary depending on the specifics of the sale. Some common requirements may include obtaining a property title, obtaining a home inspection report, and following the proper procedures for transferring ownership of the property. It is a good idea to consult with a lawyer or legal professional to ensure that all necessary legal requirements are met.
There are several ways to maximize the sale price of a property, including:
Some professionals who may be able to assist with the sale process include:
Here are some questions and answers about how to lower your capital gains when selling a commercial investment property:
A vendor take back mortgage is a financing arrangement in which the seller of a property provides a mortgage to the buyer. This can be an option for buyers who may not qualify for traditional financing from a lender, or for sellers who want to potentially lower their capital gains tax liability when selling the property.
By providing a mortgage to the buyer, the seller can potentially receive a portion of the sale price over time, rather than receiving all of the proceeds upfront. This can lower the seller's capital gains tax liability because the capital gain is calculated based on the difference between the selling price and the seller's cost basis in the property. If the seller receives a portion of the sale price over time, it can reduce the amount of capital gain realized in the year of the sale.
One potential drawback is that the seller becomes a lender and may be at risk of default if the buyer is unable to make the mortgage payments. In addition, the seller may be responsible for paying taxes on the mortgage payments received as income. It is important to carefully consider these risks and to consult with a tax advisor or financial professional before entering into a vendor take back mortgage arrangement.
There are several other ways to potentially lower your capital gains tax liability when selling a commercial investment property, including:
It is important to consult with a tax advisor or financial professional to determine the best strategy for your specific situation.
If the buyer defaults on a vendor take back mortgage, the seller may be at risk of losing the property. This is because the seller is acting as the lender in this situation, and may be required to foreclose on the property in order to recover the outstanding balance of the mortgage. It is important to carefully consider the risks of default before entering into a vendor take back mortgage arrangement, and to consult with a legal or financial professional for advice.
Here are some steps you can take as the seller to ensure that potential buyers who will be receiving a vendor take back mortgage from you will be able to afford it:
It is important to carefully consider the financial ability of the buyers to make the mortgage payments before entering into a vendor take back mortgage arrangement, as the seller may be at risk of default if the buyers are unable to make the payments.
Copyright © 2020 INVSTY | Commercial Real Estate Agents at Royal LePage Real Estate Services Ltd., Brokerage | The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
INVSTY Self Storage Investors