This is just a quick, general question (and no, I have done virtually no research yet as it just occurred to me):
How would someone who has never owned property before go about acquiring a one bay shop space? Obviously, residential style mortgages do not apply. What are really obvious differences between a loan on commercial property vs a home mortgage?
Essentially, somebody mentioned about building a loft in a small one bay shop... of course, there are zoning issues, but as I am currently looking for a place to buy, a rundown, shitty shop that I could renovate would be right up my alley. I understand some of the legal issues as I have friends that have tried that sort of thing before (but not in Edmonton).
Thoughts and opinions?