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Old Posted Jan 29, 2017, 8:43 PM
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hipster duck hipster duck is offline
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Canadian equivalent to Loopnet?

I'm considering investing in property/land in the near future (no, not in Vancouver!), and I was looking for a comprehensive database of commercial properties or residentially-zoned land so that I can begin doing some back-of-the-envelope pro formas.

I went on Loopnet, and found out that their Canadian presence is extremely lacking. I also don't just want to scour the residential listings on Realtor.ca. Finally, I'm really not very committed right now, and I just want to do preliminary research, so I don't really want to call up commercial RE brokers one by one to ask to see their listings. I know there are a fair number of people on this forum who are into property management and real estate investment, so I was wondering what resources you use to do your research.

Thanks!
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  #2  
Old Posted Jan 29, 2017, 8:50 PM
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rousseau rousseau is offline
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Eh? Realtor.ca has commercial listings. There are 3,800 of them in the greater GTA as of this moment.
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  #3  
Old Posted Jan 29, 2017, 9:03 PM
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hipster duck hipster duck is offline
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^Ha! I didn't even notice that tab until now! Just goes to show how new I am to this.
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  #4  
Old Posted Jan 29, 2017, 9:28 PM
lio45 lio45 is offline
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icx.ca is what I used to use, back when I was active in buying real estate in Canada. I think it's been rolled into realtor.ca nowadays.

Edit: it does redirect straight to realtor.ca commercial listings.
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  #5  
Old Posted Jan 29, 2017, 9:35 PM
lio45 lio45 is offline
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Just to give you a random bit of data on what's out there, I'm kind of tempted by this one at the moment. I'm on the fence. It's been for sale for a while (originally $115k, price was dropped not too long ago).

Not too far from my place and it's got parking, which is nice (for at least 4 cars, which is really really nice).


http://www.remax-quebec.com/fr/comme...s-13685912.rmx

https://www.google.com/maps/place/16...!4d-71.1705761
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  #6  
Old Posted Jan 29, 2017, 10:18 PM
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WhipperSnapper WhipperSnapper is offline
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My words of wisdom

It's too late to get the most for your money if there's a listing available.
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  #7  
Old Posted Jan 29, 2017, 10:26 PM
lio45 lio45 is offline
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Quote:
Originally Posted by WhipperSnapper View Post
My words of wisdom

It's too late to get the most for your money if there's a listing available.
More or less true. Extremely few sellers are going to be dumb enough to liquidate at really low prices anyway when it's that easy to get a realtor's opinion and/or look at comparables.

What makes a deal "good" is that you turn out to have better mid/long term vision than most people do at a given time, or else you can supply something that no one else can (for example, I did that once with a 15-unit mixed building in downtown Sherbrooke whose main flaw was that it had zero parkings, while I had parking space available nearby; other examples would be a willingness to take a risk or a willingness to tackle problems with a building that the average buyer doesn't have, I did both of these more than once.)
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