The region of South Etobicoke is filled with amazing properties for families, individuals downsizing, and investors.

For an investor, searching for a desirable property in the GTA to convert into a rental can prove challenging. With interest rates where they are, high property values, and renters fighting back against rising rents, understandably, a landlord will want to pick wisely where they put their money.

If you’re wondering if the South Etobicoke area is worth buying a property in and using it as a rental, here’s our take.

People Want To Live Here

Every metric will show you that there is a strong, long-term demand for properties in South Etobicoke.

There is no shortage of renters or aspiring homebuyers seeking a home here. As an investor, this spells great news as you’re likely to find a quality and reliable renter fast, and should you choose to sell in the future, offers will not be hard to come by, either.

There Is A Strong Student Market Here

Humber College’s Lakeshore Campus is the temporary home of thousands of students every year looking for housing.

The vast majority of students are searching off-campus, relying on the local rental market in South Etobicoke and surrounding areas. With this demand being high, constant, and long-term, it’s the perfect recipe for an investor to come in, buy a property, and convert it into a multi-bedroom, multi-student residence.

Lots Of South Etobicoke Amenities

South Etobicoke is filled with lots of amenities, including restaurants, bars, coffee shops, specialty businesses, and more.

Within close proximity, there is lots more. Sherway Gardens is not far away, and neither are the many big-box retailers along the Queensway. While there is a clear separation of residential and commercial, renters love this area for all that there is to do and explore.

We have excellent public transit with 2 GO Train stations, a streetcar service that takes you right downtown and bus routes that directly connect to subway stations.

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Lots Of Investors Want In

A decent gauge of whether it’s worth it to buy a property to use as a rental is if there are other investors clamoring to buy the same properties.

The interest from investors in South Etobicoke is certainly present, due to the high resale value. More renters are also requesting this area due to the more affordable rental housing compared to other parts of the city.

It’s A Good Time To Buy A South Etobicoke Rental

Assessing whether it’s the right time to buy a South Etobicoke rental, in our view, there is no better time.

Especially if you intend to buy within the next twelve months, there is no reason to wait. No big market changes are expected to take hold and, with that, you could be leaving rental income on the table waiting to buy.

With any rental, of course, you may want to do certain repairs, renovations, or alterations before converting it into a rentable unit and putting it on the market. None of those renovations are going to get any cheaper than they are today. If you’re going to move, now’s the time to do it.

Are you looking for a South Etobicoke rental property to buy and invest in? Contact Adrian & Andrea, the top realtors for South Etobicoke. You may discover the right rental property waiting for you already on the market. Just have a look! Give us a call at (416) 319-6893 or email info@adrianandrea.com for all of your Etobicoke real estate needs.