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this post was submitted on 15 Aug 2023
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I was looking at Toronto real estate just for the lulz the other day... 150k$ to buy a parking space... First thing I found surprising is that you can buy a parking space (wtf?) But even more surprising... They sell for more than I paid for my condo 10 minutes from downtown Ottawa 10 years ago 😐
If you could rent it out for the 27 an hour like they stated above you could start seeing a return in as little as 5 years. Sounds like a great investment.
It's an amazing investment because it pays for itself AND its value will increase because managers are idiots and are bringing people back to the office.
Catch being you have to live in Ottawa.