Income Property

What is it?

A property that has 2 or more doors which can be rented out individually. Options in this investment class include duplex, triplex and multiplex.

Benefits

  • Having more than one tenant gives you higher income
  • Low risk given that if one unit is vacant, the others will offset the vacancy

Considerations

  • Active investment compared to other investment types
  • Bigger reserve fund needed for repairs and maintenance
  • Managing of more than one tenant
  • Typical cost of entry: $130,000

Ottawa, ON

With all eyes on Ottawa as the city was just recently ranked the #1 Ontario City to buy or invest in within the next 5 years by the Real Estate Investment Network (REIN), we wanted to provide you with two unique opportunities allowing you to take advantage of this growing market while giving you the peace of mind in knowing your investment is being managed for you.

Both 2785 Baseline Drive and Fresh Towns are part of a master planned development in Ottawa’s centrally located Qualicum Wood neighbourhood. This community will redefine contemporary living with easy access to parks, schools, shops, transit, HWYs 416 & 417, and downtown.

Highlights

  • Walking distance to a future LRT stop, currently under construction
  • Public transit stop at your doorstep
  • Major employers including Carleton University, University of Ottawa, Queensway Carleton Hospital, Children’s Hospital, General Hospital, and Department of National Defence all under a 20 minute drive

1. 2785 Baseline Drive, Newly Constructed

This newly constructed project has been artfully curated to incorporate the nature filled setting on which it is build. Composed of 80 unique suites and carefully planned to ensure maximum space efficiency, the building itself is a one-of-a-kind offering. The 4-storey boutique structure provides the perfect quiet enjoyment of its suburban environment, with the convenience of being a short distance from the Downtown core, and it’s no wonder there’s only 10 units remaining!

Incentives

  • 2-year lease back guarantee
  • 1 heated underground parking spot included
  • 1 storage locker included
  • Free window coverings on select units
  • Occupancy: now

2. Fresh Towns, Pre-Construction

Fresh Towns will be designed with a mix of contemporary and roof top town homes. Fresh interior designs combined with inspired outdoor spaces are where these homes really shine. Ranging in sizes up to 1,661 square feet, these homes offer multi-level living at its best, with open concept living and dining areas, engineered hardwood floors, spacious kitchens with stone countertops, and stainless steel appliances. These 2 or 3 bedroom units, with modern architecture and vibrant interiors, promote the best of modern urban living.

Incentives

  • 2-year lease back guarantee
  • Extended deposit structure:
    • $3,000 on signing
    • Balance of 5% in 30 days
    • 5% in 150 days
    • 5% in 210 days
  • Occupancy: Summer 2019

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