The benefits of buying a Rental Property in an emerging Neighbourhood include:

• Higher Return on Investment: Often times, you’ll be able to purchaser a rental property at a lower price point in an emerging neighbourhood, allowing you to benefit from a higher return on investment once the neighbourhood develops
• Portfolio Growth: there is greater potential to purchase 2-3 properties in an emerging area for the price of 1 in a more developed neighbourhood, making it easier to grow your real estate portfolio
• Rental Income Upside Potential: apartment buildings in these neighbourhoods may yield below-market rents, providing investors a value-add opportunity to turnover (and modernize in some cases) and re-lease at market rents

East Vancouver is a prime example of an emerging neighbourhood for a few reasons:

• It’s only 10-15 minutes from Downtown Vancouver
• 49.1% of households are renters & offers more affordable rents
• Known for Art & Culture
• Provides excellent transit options

To know if an investment in an emerging neighbourhood is right for you, ask your commercial broker the following questions:
🔸 Does this neighborhood have growth potential?
🔸What is the percentage of renters in this neighbourhood?
🔸Are there any major developments or new businesses opening in this area?
🔸 Are majority of rents below average?