How do you know whether a rental property will be profitable in the long run? A few things to consider:

1️⃣ Low Levels of Vacancy in the Area = High Demand: In areas of low vacancy, there is greater potential to increase rental income due to the consistent demand placing upwards pressure on rents.
2️⃣ Highly-Rated Amenities & Transit: Renters are attracted to areas with an array of amenities and transit options because of the convenience it provides them in their day-to-day lives
3️⃣ Future Development Potential: Over and above the revenues generated by the property, it is important to get educated on any future re-development potential as these mid-long term opportunities may amplify property values appreciation and provide alternative exit-strategies.