On walkabout through Centretown Ottawa, I passed by a triplex offered for sale by its charming owner. She'd recently toured me through her units and is a fine example of how to successfully own Ottawa investment properties! We'd connected as I also own a century-old triplex that boasts both positive cashflow and appreciation in value.
As we chatted on her porch it dawned on me just how much the face of today's "landlord" has changed! Single and 33 when I became a "landlady", this move drew skepticism, derision and raised eyebrows. In retrospect, I only wish I'd started ten years earlier! Meet the new face of a landlord: recent graduates, having just landed their first salaried job, skip afterwork cocktails to save for a duplex down-payment! Savvy twenty-somethings own Ottawa investment properties while still doing their undergraduate degrees! It's easy to find good tenants in Centretown Ottawa, with the area serving three schools and massive federal public service!
Investment property ownership is increasingly recognized as a sound wealth-building strategy. My prediction: between TV shows that make renovating look feasible (and fun), insecurity in the stock market, and a forecasted local vacancy rate of 0.8%, we will see an increase in interest in Ottawa investment properties. In this seller's market, this bodes well for my charming soon-to-be-client with the gorgeous Centretown Ottawa triplex!
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