Looking for a promising real estate investment opportunity in Ottawa? Look no further than Manotick! As a potential investor, Manotick is a great place to start looking for a property.
Here’s why Manotick should be on your radar as a first-time real estate investor!
Emerging Market Trends in Manotick, ON
Manotick is a flourishing community in Ottawa for many reasons. Manotick Main street (The Adam Mills Realty Team home) is filled with bustling businesses and a vibrant community which contributes to the growth potential and current state of the housing market in this neighbourhood.
As of June 2024, year to date sales in Manotick were up 14.2% compared to June of 2023 and the average sale price is hovering just over $1,000,000. However, don’t be discouraged, there are plenty of properties available for sale under that price-point. Many properties in Manotick are listed as low as $585,000, ensuring there are plenty of investment opportunities for first-time real estate investors.
The Manotick real estate market is continuing to move in an upward trend as it has become one of the most popular neighbourhoods in the Greater Ottawa Area. Manotick is a picturesque town that attracts people of all ages and backgrounds and offers unique attractions like local boutiques and restaurants, creating the perfect environment for real estate investors to capitalize on its popularity.
Strong Rental Demand in Manotick, ON
With the housing market as it is across the nation, home ownership isn’t in the cards for many Canadians. Rental markets across the country are on the rise and Manotick is no different.
With the increased popularity of this area, rental properties here can attract great tenants who are willing to pay top dollar to be in the heart of Manotick. As of right now, the number of rental listings in this area remain relatively low which means that your property could see many interested potential renters.
We see homes for rent between $2700 and $3500 per month based on the size and type of property. You’re looking at a strong monthly rental price which means good cash flow for investors looking to make a return on their investment.
There are many Development & Infill Properties Available in Manotick, ON.
While you might think that an established community like Manotick would not have many new build opportunities, you’d be wrong. As the community expands there are vacant lots that would be perfect for any investor looking to build.
Our team has worked with many investors who have completed new-build projects in and around the Manotick Area. In fact, Adam himself has invested in and managed multiple projects himself, so he knows first hand how it all works.
If you’re interested in seeing Adam in action to get an idea of the possibilities that come with building an infill property in Ottawa, check out our video series on his Westboro build.
Part 3: Services, Completed Excavation & Footings
Part 4: Foundation & Appraisal
Part 5: Framed & Ready for HVAC, Plumbing & Electrical
Adam walked us through the whole infill process which took about 15 months to complete in this case. With this property, 3 of the 4 units were fully rented before construction was even completed. When investing in an infill property, it’s important to educate yourself on the process to ensure you’re ready for the responsibilities that come with it. If you’re thinking of doing a new build investment property, reach out to us and we can help you through the process.
Right now, potential investors can find vacant lots for as low as $485,000 in Manotick, ON. Work with a realtor who knows the area well so you can choose the right property for your goals.
In conclusion, if you’re a first-time real estate investor looking for a property in Ottawa, Manotick might be the spot for you. Manotick’s vibrant community, bustling business environment and rental potential makes it a great neighbourhood to invest in real estate.
Our team is deeply familiar with Manotick, and is ready to assist you through the investment process. Contact us today to explore opportunities or get answers to your questions. Investing in real estate is a significant decision, and having knowledgeable experts by your side can make all the difference.
