Waterloo Student Rental Towers- Can I Still Rent Rooms In A House?
I have had many clients inquire about the state of the student rental situation in Waterloo with the addition of many towers in roughly 20 square blocks around WLU. Within the past 5 years, many large student rental towers has been erected on King Street, Columbia Street, Ezra Street among many others. What I have found being in the business for many years and owning my own detached rental home is that the rent prices are slightly softening with locations that are more than a 10 minute walk to campus. Rents in a detached home are still fetching 450 - 575 within a 10 minute walk radius from both universities. That being told, over the past few years the attendance at both Universities have drastically increased and with enrolment estimated to grow by 30,000-40,000 circa 2020. Although there are always risks involved in purchasing a property, small time investors shouldn't have much to worry about.
If you have any questions regarding student rentals, or anytype of rental, don't hesitate to give me a call 519.500.9950 or send me a email email@example.com