On the buy side, financing an investment property often requires a larger down payment than an owner-occupied home, and a home inspection, typically $400 to $600, matters even more when mechanical failures hit rental income rather than just your own comfort.
Legal fees, typically $800 to $1,500, cover title transfer through Information Services Corporation and confirming existing leases transfer under the Residential Tenancies Act, 2006, which a straightforward owner-occupied sale does not require.
Line up your lawyer and your numbers before you list a tenanted property, not after an offer arrives. Get your hand-reviewed valuation from Joel Dyck.