Long story short….in a few years, i may have an opportunity to purchase/invest in a 90-unit residential building in Toronto, Ontario along with other family members. The building is right on the new subway line being built, great location but older building that likely needs a few million $ to upgrade. Looking for the key industry parameters/metrics and general knowledge to understand how i would go about evaluating if this would be a good investment. Some background… Existing family-owned business already has a ~35% ownership in the building, with the remaining 65% owned by other extended family. There may be an opportunity to buy out the extended family in a few years to keep the asset/income within the immediate family.
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