So Guelph has always had a very strong investment community because our vacancy rate is so low and let's face it, it's a great City! Finding a cash positive investment property is tough these days because the growth we've seen in our community has outpaced our rents. All investors have their own unique strategy but it's an investment and not an emotional attachment like homes typically are, so we use numbers. It could be positive cash flow, overall appreciation of the home or even long term potential. A lot of investors use cap rate because it works so well, the 4-plex on Suffolk has close to a 5% cap rate which is not common these days. Check out 124-126 Suffolk if you're ready to expand your portfolio, great downtown location so you'll never go without tenants. My only hesitation is older buildings come with more work (aka extra cost) so if you're handy or have a property manager, you're set. If you're not willing to do the work, this is not for you. A multi-plex is the typical progression as you build a larger portfolio and this is a good buy for today market.
There is a great list of 12 homes today a little bit for everyone, check it out.