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By kevlahan (registered) | Posted June 09, 2015 at 16:33:36 in reply to Comment 112138
I'm not sure how you got those figures. According to this listing a shopfront in Stoney Creek that they want $447,000 for pays only $9110 in property taxes.
http://www.mcsrealestatewebsites.com/Age...
Maybe the assessed value is actually only half want they want ... but the actual taxes paid by the storefront of the type you describe is still only $9k per year in the downtown core of Stoney Creek. That's only $750 per month.
And compare with this Toronto property:
http://www.commercial.to/listings/159757...
That is asking $790k and pays $11910 in taxes.
The total costs (purchase plus taxes) does not seem hugely more in Hamilton.
Comment edited by kevlahan on 2015-06-09 16:34:39
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