GO Train Station Bowmanville Ontario

[Irfan Rashid]

Hello,

 
Quick question here, I'm looking in an area named Bowmanville, Ontario. There is a GO Train station being built here , estimated completion date by 2024. This will allow transit to downtown Toronto. Have been analyzing some properties and looks like I can get some cash flow out of it.

1) Have any of you experienced either a growth in value of the property, OR the amount you are able to rent it out for based on an incoming Transit Hub ? 

Thank you for your time in advance,

Irfan Rashid

[Jacob Perez]

@Irfan Rashid transit hubs will always be a strong driver of real estate. Even if your tenants aren't taking the GO Train to Toronto, just the fact a station is being built usually triggers a lot of investment & demand within the area. Speculators love things like GO Transit, Hospitals, etc. as triggers for growth.

I bought a few properties near the new Hamilton GO station prior to it's completion & saw big returns and investment around the properties. With that said, none of my tenants ever actually commuted to Toronto lol.