Investment Property in Oshawa

Investment Real Estate in Oshawa

Investment Property in Oshawa
Investment Property in Oshawa

Oshawa property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Oshawa .

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Search Map of Oshawa Investment Real Estate

Oshawa ( OSH-ə-wə, also -⁠wah, -⁠waw; 2016 population 159,458; CMA 379,848) is a city in Ontario, Canada, on the Lake Ontario shoreline. It lies in Southern Ontario, approximately 60 km (37 mi) east of Downtown Toronto. It is commonly viewed as the eastern anchor of the Greater Toronto Area and of the Golden Horseshoe. It is the largest municipality in the Regional Municipality of Durham. The name Oshawa originates from the Ojibwa term aaz haway, meaning “the crossing place” or just “a cross”.

Founded in 1876 as the McLaughlin Carriage Company by Robert McLaughlin, and then McLaughlin Motors Ltd by his son, Sam, General Motors of Canada’s headquarters are located in the city. The automotive industry was the inspiration for Oshawa’s previous mottos: “The City that Motovates Canada”, and “The City in Motion”. The lavish home of the automotive company’s founder, Parkwood Estate, is a National Historic Site of Canada and a backdrop favoured by numerous film crews, featured in many films including It, Billy Madison, Chicago, and X-Men.

Once recognized as the sole “Automotive Capital of Canada”, Oshawa today is an education and health sciences hub. General Motors temporarily ceased vehicle production entirely on 18 December 2019, resulting in over 2,300 lay-offs. The city is home to three post-secondary institutions Durham College, Trent University Durham and University of Ontario Institute of Technology as well as the Lakeridge Health Education and Research Network (LHEARN), in association with Lakeridge Health Oshawa, formerly the Oshawa General Hospital. Key labour force sectors include advanced manufacturing, health technology, logistics, energy and IT. In 2016, Oshawa was the sixth best place in Canada to find full-time employment based on data from StatsCan.

Downtown Oshawa is identified as an Urban Growth Centre in the Government of Ontario’s Places to Grow initiative. More than 5,000 people work and more than 2,400 university students study in the downtown core. The downtown is a prominent centre for entertainment and sporting events (Regent Theatre and Tribute Communities Centre), food (50+ restaurants and cafes) and culture (The Robert McLaughlin Gallery and Canadian Automotive Museum). Oshawa is home to a Regional Innovation Centre and offers start-up facilities for entrepreneurs and small businesses. Co-working offices are also located in the downtown.

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The financial stability of Oshawa has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Oshawa

Renting out your Oshawa buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Oshawa are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Oshawa and be prepared to change your initial outlook.
  • Thoroughly research the Oshawa location with a special emphasis on fringe areas outside the main Oshawa metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Oshawa.
  • Ensure that your target investment property in Oshawa appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Oshawa properties yourself is an easy option, but are these savings justifiable when you run into Oshawa red tape? Physis Realty Oshawa office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Oshawa buy-to-rent sector.

With our expert guidance, investing in Oshawa provides the secure knowledge that your money is working harder than it would in a local Oshawa bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Oshawa, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Oshawa property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Oshawa

Flipping property in Oshawa

Flipping property is when we advise clients to buy a Oshawa property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Oshawa market has a time to react to the renovation.

The Flipping Strategy in Oshawa

Investment property flipping in Oshawa is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Oshawa real estate investments are sometimes referred to by professionals as ‘distressed’ Oshawa real estate.

What is distressed Oshawa property:

  • Oshawa property in need of renovation
  • Oshawa real estate with a change of purpose and use
  • Oversold Oshawa property
  • Bank repossessions in Oshawa

Put simply, long term investors in Oshawa purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Oshawa investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Oshawa property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Oshawa use a minimum profit value of 22% when looking at potential Oshawa projects. The reason for this is because there are lots that can go wrong in Oshawa property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Oshawa

For luxury property investors hoping to add a superb property in Oshawa to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Oshawa, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Oshawa should be entrusted to only the highest-quality agency.

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