Key Victoria, British Columbia Regions to Buy a Rental

Posted by Serena Kolida on Monday, March 21st, 2016 at 5:28pm.

If you hope to turn the Victoria, British Columbia tourism market into a profit, you may want to look closely at the communities you buy a home in. There are two main options available to buyers here looking for investment property. First, consider the local, residential rental market. In this city, it is one of the thriving real estate markets. In addition, you can consider the tourism rental market, which has the ability offering sizable returns if you buy in the right areas.

Where to Buy an Investment Property in Victoria

There are a few key communities and neighbourhoods in Victoria and the surrounding area that make for the ideal place to buy a rental. Take a closer look at these areas before making an investment.

Broadmead

Along with nearby Cordova Bay, Broadmead is an ideal place to buy a home for its rental benefits. You will find this area has both newer homes as well as some older properties including a few with historic value. Each area is different though. What makes it nice is that it is a small village-like setting, which attracts those looking to visit the area's natural elements.

Mount Tolmie

Another fun place to buy a home for tourism rental is Mount Tolmie. Why is it fun? This area is home to beautiful parkland that offers ample opportunities to explore it. Even better, it provides incredible views of the entire city of Victoria as well as Olympic Mountain in the distance.

Oak Bay

Also on the waterfront, Oak Bay is a fantastic place to own real estate. It can provide for some of the best marina access to the waterfront as well as a charming, coastal feel.

Any of these communities could be the ideal place for you to call home, but also to purchase residential real estate. Take the time to spend a weekend in each one to get to know why people love them so much.

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