You've got to consider the location perception and match it to the demographics to judge the rental potential on Ottawa investment properties - and anywhere I'd argue! YOU may not want to live in a neighbourhood, but you've got to switch from homeowner mindset into investor mindset when considering a rental property.
I had to consider both as my foray was initially an owner-occupied property. So it had to suit my needs as well as generate tenancy. The upside is that now that it's fully tenanted, I have a good handle on the type of person that would like to live there... someone like me! I chose an established high-rent high-demand 'hood and don't regret the decision - but I paid a corresponding price tag.
Saturday, September 19th from 2 - 4pm, I'm inviting you to an open house at 446 Clarence Street East - nestled between two phenomenal neighbourhoods: New Edinburgh and the Byward Market. The property is immaculate, with hardwood floors, the most perfect drywall I've ever seen (I'm a bit of a drywall maniac) and very spacious - great for entertaining! It's in Lower Town. What there is to wrap your head around is two keys: (1) are you ready to invest in an up and comer neighbourhood and potentially reap the benefits when Shoppers, Starbucks and the Gap move in, and (2) are you able to look through investor's goggles at the rental potential.
There won't be cookies. There will be math and spreadsheets on offer. This is a great opportunity for either a live-in owner-occupied with rental supplement (it's two 2-bedroom apartments - the upper unit is 2 floors and gorgeous!). There are 8 parking places, including a 3-car garage. It's also a phenomenal pure rental opportunity.
Dip your toe by coming by. Let's talk about rental properties as a wealth-building strategy. I walk the talk on this one! Lower Town rentals are popular because of the old real estate adage: location, location, location! And this one's a peach! Ottawa investment properties are an opportunity to consider... that's all I'm saying.
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