Single Family Residence is one of the most popular type of Investment Properties as you are purchasing a house and renting it to a family or to a young couple. The benefit of this type of rental is that you are normally dealing with one tenant, one rent cheque and the family household income should be high enough to have no issues collecting your rent. Benefit of owning a single family dwelling as an income property is that they tenants normally will treat your house like it is their own. Unlike Student Rentals the tenants will be paying for all utilities so there is no variance on monthly bills.

Rents for this type of investment property can range from $1500 – $3500 based on size and location.

Features that tenants are looking for in a single family residence which can increase the amount of rent for your income property include:

  • Updated Kitchens
  • 3+ Bedrooms
  • Hardwood flooring throughout house
  • 2+ bathrooms
  • Large closets
  • Close to public transportation (go transit, subways and buses)
  • Located in neighbourhoods with good school systems
  • Bike and running trails

Ideal locations for affordable investment properties include Mississauga, Waterloo, Hamilton, Burlington, Oshawa, Whitby, Ajax and Milton

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