Sunday, June 22, 2014

Student housing opportunity

At a recent property management symposium in Toronto, the general consensus was that student housing is a top choice for investors going forward. Ottawa, in particular, was discussed as a very desirable student housing destination.  The University of Ottawa has approximately 42,000 students and only 2,800 residence beds. 

There is an extreme lack of student housing in Ottawa.

House located in MacDonald Gardens
only 2.2 kms from University of Ottawa
Number of bedrooms - 5 (space for a 6th)
Number of bathrooms - 2 (rough in for 3rd full)
Estimate rent - $500 to $550 per room per month

Asking price - $499,900

No comments:

Post a Comment