If you are looking to build wealth, buying real estate for investment purposes may be an ideal way to accomplish your goal. There are many different types of houses to buy in Victoria BC to fit an investor’s goals and price ranges. Let’s take a look at a few specific areas with homes for sale in Victoria BC that investors may want to start their search.
This may be an ideal spot for investors looking for the most value for their money. It features larger lots, which means that it may be possible to put multi-family homes on them. It also makes it easier to charge higher rental rates as outdoor space may be at a premium elsewhere.
Those who are looking to buy and flip a property may benefit because homes can be priced per square foot. To determine if an investment in this area is profitable by using mortgage calculator free tool to figure out what the upfront costs may be.
This is a neighborhood that doesn’t always get the attention it deserves. This is partially because it may be a longer drive to get to, and it isn’t the most scenic of drives. However, once you get there, you find that there are condos on the waterfront and enough to do to keep you from leaving. Saxe Point may be an ideal spot to invest in for those who are looking for an affordable price point and the potential for growth over the long-term.
Those who want to cater to seasonal rentals or vacation travelers may want to consider buying in this part of Victoria. It may also be possible to convince retirees or others who are in town for a a few weeks or months to rent in this area. It is both close to the water and close to downtown. Since Sidney South-East has more of a village setup, those who live there are always within walking distance of amenities.
This part of Sidney is a place where parents want their children to live as there are good schools available. The drive to downtown Victoria is slightly longer at 30 minutes compared to about 20 in Sidney South-East. Since parents generally don’t like to uproot their families if they don’t need to, it can present an excellent opportunity to attract long-term renters who may provide a steady rent check for years at a time. Furthermore, families or anyone else who lives in a place for long period of time tend to take better care of the property.
This is another area to search for homes in Victoria BC that investors should be interested in if they want long-term renters. As with most neighborhoods and villages on the outskirts of Victoria, those who live there can get downtown with ease. Estevan in particular is home to several parks, which may make it ideal for those who enjoy nature.
It is also known for its great schools, which means investors looking for houses to buy in Victoria BC should focus their efforts here. As this neighborhood is also considered an area that is in high demand, which means that property values and rental rates could appreciate quickly.
Investors who are interested in purchasing property in Victoria have a lot of options at their disposal. They can start the process of understanding which homes best fit their needs by using online mortgage calculator tool. They may also want to talk to their realtor or financial adviser to learn more about the market and whether or not a particular purchase best fits their needs and investment goals.