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by nasalgoat
4029 days ago
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Toronto is mostly made up of 100-year-old brick houses, so the maintenance is mostly soft stuff like painting, gardening, etc. unless you do major renovations. My last house I did, essentially, zero maintenance over a 10-year span except for a drain replacement ($2K). Every other expense was month to month expenses like heating and electrical. When I finally decided to sell, I replaced the crappy carpet, painted the walls beige and made a 5x profit. |
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That's true for inner Toronto but not for the suburbs as manishsharan suggested. Newer developer-built-subdivision wood-frame rules out there.