Essential elements for a good condo investment location

By: Arshad Hussain

Essential elements for a good condo investment location

Tags: Cash flow Condo - Condos Close to Subway - Condo close to Univeristy/Colleges

As you may have read in previous posts, investing in a condo has its extreme benefits. The costs and time involved in upkeep are very low, making them prime real estate for young professionals on the up-and-up. But what about location? Location is, in fact, one of the most important judging factors in a condo investment opportunity. If Toronto is not on your top 5 list of a potential condo buying city, here’s why it should be:

Nearby commercial offices:
The Greater Toronto Area, otherwise known as the GTA, is vastly becoming a mecca for the business start-up movement. This city has an incredible array of choices when it comes to office and work space. Websites such as eoffice.net have a slew of listings of available space for rent for professionals in the start-up industry, work spaces for artists or co-work spaces at affordable prices. Also, getting back and forth from your new condo to your new work space is made super easy thanks to Toronto’s plethora of transportation options. Which brings us to…

The transit system nearest you:
Toronto’s transit system is known for being highly accessible. From subways, to buses, to streetcars, you’re not falling short when it comes to work or leisure commute. The subway systems run 6 am to 1:30 am weekdays and Saturdays, and 8 am to 1:30 am on Sundays. If that wasn’t enough, their bus line is equipped with over 100 running bus lines every day. For your convenience, the Toronto Transit Commission has made their website easily navigable with service alerts and subway maps. They’ve also made daily, weekly and monthly passes available to those always on the go.

Other perks:
As if all of that wasn’t enough, if you have young ones on their way to college, Toronto University is one of the top schools in the country for technology, which is an ever-growing field. Renting out your new condo could also be a very lucrative move. All of GTA’s stellar amenities make for consistent rental opportunities for condo owners.