Investor in the Canadian Capital!

Investor in the Canadian Capital!

Real Estate Agent · Ottawa, ON · Member since 2015 · 11 posts · 6 votes

Hi Folks, 

I am a new investor from Hamilton Ontario, currently residing in Ottawa Ontario.

I have 2 properties under my belt, A Triplex and a Duplex, and am excited to add more! My grandmother was a realtor for 40 years and just retired, so the business has been close to the family for a long time. My Grandfather was a entrepreneur with fingers in  building/developing/property management/patent trolling/window and door manufacturing...  between the two of my grandparents it has shown me the power of running your own business and real estate. 

My Wife and I moved to Ottawa to allow her to start her career with the Canadian Government and we have been here for almost 4 years. We have a great handle of the city, and my day job allows me to travel to all of the smaller communities surrounding it. If you ever want to meet up for a coffee or beer, I am up for it! Of course the phone works wonders if distance is an issue. 

I am in the process of registering with REMAX Core in Ottawa and will be licensed to hunt for deals on market next week. I have already been able to find several off market opportunities for a few of my friends to get started in this life long journey. 

Looking forward to building wealth, making friends through business and having fun along the way. 

Cheers, 

James

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  • Hamilton, On · Member since 2018 · 75 posts · 36 votes
    7y

    Hi James, are you investing in Ottawa primarily, now, or are you still interested in investing in Hamilton?

  • Real Estate Agent · Ottawa, ON · Member since 2015 · 11 posts · 6 votes
    7y

    Hi Joel, 

    I’m not actively looking in Hamilton, but always open to ideas and opportunities. Mostly interested in things that cash flow at least 1% of the purchase price monthly. Ideally 2 or more though! Getting harder to find In The heated markets of hamilton and Ottawa though. 

  • Investor · Ottawa, Ontario · Member since 2017 · 35 posts · 16 votes
    7y

    Hi @James Edgar,

    I am and investor in Renfrew, about 50 mins west of Ottawa. We have a triplex with decent cashflow, but bought the property for significantly lower than a Multifamily would sell for in Ottawa.

    We’ve been thinking about getting into the Ottawa market- ideally student rentals. Wondering if you have been able to find any Multifamily properties in the city that cashflow?

  • Real Estate Agent · Ottawa, ON · Member since 2015 · 11 posts · 6 votes
    7y

    Hi Michela, I have found a few. The trick in the city is to make your own situations. For example buying an older Bungalow with minimal improvements and adding  a secondary dwelling. Things also seem to have better valuations on the commercial side. Much less Competetion from civil servants! 

    Drop me a line if you want to chat!

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