Small-scale real estate investors -both new and experienced- often include low-rise multi-residential buildings in their portfolios, but is this an effective place to invest money? I recently analyzed the rate of return on such investment properties for three different regions in eastern Ontario.
The Quinte region (Prince Edward County, Belleville and Trenton) had a 5-year rate of return that was consistently higher than either Peterborough or Kingston.
In fact, multi-res properties in the Quinte region had almost exactly twice the rate of return as similar properties in Toronto.