Successful Calgary landlords know the importance of good transportation near your rental property when it comes to finding good tenants.
It could be your property has easy and time-saving access to good bus routes.
Or it’s near roads and highways that allows tenants to commute to work and avoid the worst traffic jams.
Good tenants like convenient access to get from their rental home to places they want and need to go to.
And every landlords wants a good tenant (and avoid the bad ones out there).
New Ring Road
According to a report in the Calgary Herald there’s some good news for southwest Calgary.
The first seventy-five percent of the Calgary Ring Road is already having a dramatic and beneficial impact in the area.
According to Don Campbell of the Real Estate Investment Network (REIN) the Calgary Ring Road will attract business and people to not only consider locating downtown.
Campbell says with the completion of the Calgary Ring Road, a new location for growth and prosperity is developing.
He says Calgary has already witnessed this in quadrants to the north and to the southeast.
In those areas people are moving there and so are new businesses.
What Does The Calgary Ring Road Mean For Landlords?
It could be an area where landlords investors should take a close look.
1. Rental Property Appreciation
ComFREE Commonsense broker Scott Bollinger sees the potential for great appreciation in the area.
Bollinger says past examples of development near completed ring roads in Edmonton and California shows property prices rose as the area developed.
This project has been debated and planned for decades. This might lead to property appreciation faster than the other examples.
2. Attract Good Tenants
New growing communities mean good jobs, news schools, and parks.
These are the types of things good tenants want.
There are lots of good tenants out there and you can bet many will want to move to this new and soon to be vibrant community.
Smart Landlords Know Location is Important
As Calgary grows, smart landlords are keeping a close eye on new transportation, new developments and new opportunities.