Originally Posted by Addy
What areas of the city are hot for rentals for detached houses? I'm slightly entertaining the thought of buying a detached house and renting it out for future retirement or income but my budget is low, $175K max prefer $150K max.
Is the area around Ottawa North becoming more and more trendy?
I have had good luck in the General Hospital / Mary St. district. Think proximity for an EMPLOYED person. There are a TON landlords around here who think there best best is the 'guarantee' of disabilty or employment cheques coming their way vs getting stiffed. My routines is (...and I never said I knew everything, but so far so good): Students = no jobs and alot of maintanance, but could pay well if you put in time and money, nitty-gritty areas in the industrial areas have some chasing of cheques and eye opening roughness happening. The guy I bought one of my fixers off of had its sod stolen after he planted it!! In a perfect world, get a house with a driveway or even better a garage, for a renter with a car, who needs it to get to his job. Think close to transit or future LRT lines! Close proximity to arteries to get to and from work! Good luck!