Real estate Property Types
Today on the menu we have types of real estate/ property types for you guys. I like this subject because I didn’t know myself how many different kinds of real estate there was. And you know anything I learn I like to share you all my friends. We got a bunch to get into. I’ll name them and give a little description of each for you guys my friends. Let’s just get right into this my friends.
Residential Single Family
First up I have for you guys my friends is residential single family. This is going to be something that you probably grow up in whether that’s a single-family home, condo, Mobil home, or town home.
Multifamily
Now we have the multifamily homes. These will have 2-4 units in it. Really much like a single-family home but just connected to more homes.
Commercial multi-family
Next, we have Commercial multi-family units. These will be 5 or more units my friends. These are like apartments building that people live in or invest in my friends.
Office Buildings
Next, we have office buildings my friends. These will house single tenant or multiple tenants. They are use for things like dental office, medical office, specialists, etc my friends.
Retail Real Estate
Next, we have retail real estate my friends. These will be shopping centers, shopping malls, strip malls, any place for retailers to do business my friends.
Hospitality
Now we have hospitality my friends. These are places like hotels, motels, extended stay centers, and more my friends.
It’s getting good I know my friends and, we have more to go over as well. Let’s jump right back into these guys.
Industrial
Now we have industrial real estate my friends. Places that fall in this group is places like heavy industrial, oil refinery, steel mill, etc my friends. Even sometimes warehouses.
Recreational
We also have recreational properties my friends. These will be your stadiums, sport complexes, golf courses, country clubs, any place people go to enjoy recreational or sports my friends.
Institutional / Special Purpose
Up next are your institutional/ special purpose real estate. Places like government buildings, hospitals, senior citizens homes, universities, etc my friends.
Mixed-Use Properties
Last up my friends are the mixed-use properties. Just any combination of any of the types of properties we listed my friends. I believe the most common example of this will be the retail and commercial multi-family units. You might have some stores/ restaurants on the ground level and apartments on the rest of the floors my friends.
Summary
There you have it my friends every kind of real estate/ real estate properties I could think of. I might have missed some if so, leave it in the comments. Or if you are wondering what kind of property group something falls in just ask in the comments, I’m sure someone will help you out my friends. As always do your own research my friends before you go off and do anything. Make sure you guys are doing that for real. Other than that, good luck out there my friends.
Mortgage Calculator
I added this so you guys can get an idea of what it’s like having a mortgage is like.
Expertise in property acquisition and title searches https://www.toronto-realestatelawyer.ca.
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