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A hot spot for investors in Ontario’s rental market

by Joe Rosengarten on 23 May 2018

With high-end seniors housing developments offering such benefits to purchasers, it comes as little surprise that an increasing number of savvy buyers are looking to the space to give their portfolios a boost and offer diversification. Similar to a traditional investment property, location is a key factor when making your decision where to buy.

When deciding where to build his next development, Bruce Stewart scoured Ontario for the perfect setting. When he discovered Westboro in Ottawa, Stewart knew he’d found the ideal spot to create his vision for the Founders Residences; a unique, up-market seniors condominium development.

“Westboro is a high-end neighbourhood located just 7 kilometers from Parliament Hill. The area borders on the scenic Ottawa River which is home to kilometers of scenic walking and cycling paths as well as views of The Gatineau Hills. A concentration of outdoor lifestyle stores, local restaurants and trendy cafes adds to the thriving community” explains Stewart.

Real estate prices in Ottawa are poised to rise significantly in the next five years and the Westboro neighbourhood is expected to be among the best performers. The area is home to an aging population with a lot of concentrated wealth, making it a prime location for a seniors housing development. “In the last few years, the announcement of several residential condominium projects is encouraging densification and promising to bring more residents to the area.”

There are many factors that make Westboro an attractive location for purchasers. Even more so for a product that enables buyer to leverage and benefit from the growing seniors sector.  For Stewart, it’s the perfect neighbourhood for The Founders Residences.

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