Investing in Ontario’s Real Estate is becoming increasingly popular for many investors.
Maybe you are already somewhat familiar, or maybe you are someone who invests in properties big time! Heck, this could be your very first time thinking of investing in anything and you just don’t know where to start. Trust me when I say, we all need a place to start, and it’s not an easy decision. So let’s make it easy to decide and even pinpoint it to one location specifically. A place I like to call a hidden jewel! :) My top 5 reasons to invest in Merrickville, Ontario.
#1: Historic “Jewel on the Rideau” The Rideau Canal brings tourist dollars.
If making money is the goal, then we want something special to set our location out from the rest. Merrickville has been coined "The Jewel of the Rideau" for its picturesque views. Situated along the historic Rideau Canal, Merrickville is known to be one of the best-preserved 19th Century Villages in Ontario.Recognized as a National Historic Site, Merrickville is home to the famous Blockhouse, which was built by the British Army in 1832-33 as defensive fortifications during the Rebellions.Its charming downtown core is lined with unique shops, artist’s studios, restaurants, boutiques and churches. What does that mean? Tourists and ultimately, Money! Home to many tourist attractions, residents and visitors to Merrickville can enjoy historical tours of the village, museums, shopping and dining in charming restaurants and cafes. Merrickville comes alive with many events hosted year-round. If you're looking for more details on the wonderful things to do check out the Top 5 amazing things to do in Merrickville, ON. I promise it will be your next date night location ;)
#2: Economic Development with Business Opportunities
A UNESCO World Heritage site rich in history, Merrickville has a vision of preserving a quality of life on the Rideau River that is vibrant, natural and historic. During that date night visit, look around and tell me you don’t see this! Oh, and bring a blanket so you can sit down by the locks and take it all in.
85% of the businesses in Merrickville indicated that they feel that downtown is an excellent place to have a business and 90% agree that the look and feel of Merrickville helps their business.
The town has a wonderful economic development program, which brings a business community as well as organizations, such as the Merrickville & District Chamber of Commerce, and their available resources to support and help businesses connect with the community and all it has to offer. For a full list of the many supporting resources, check out Merrickville's New Business Welcome Package. As a popular tourist destination, visitors come by land and river to experience the jewel of the Rideau. With the constant flow of new faces, the town has great opportunities for investment in rentals, Air BnB, Bed and Breakfasts and even family homes for those looking to run their new or existing business.
#3: Location- The Key to a lifestyle that helps makes us happy
Merrickville has always been a destination for those seeking to escape the hustle and bustle of the big city. It offers a beautiful and serene vibe to accommodate its 19th Century look.
It is a short drive to Smiths Falls, Kemptville and Brockville, with about an hour's commute to downtown Ottawa. You’re close to everything you need but you don’t have to look out your townhome window to the view of a big box store. So when I say the air is crisp, you can hear the birds chirping and the stars are bright at night, I mean it! Coming from a Millennial working Real Estate Agent, I can say location is everything. Location is going to affect your lifestyle. You won’t go for a walk if there isn’t anywhere to walk to. You won’t have the necessities if there isn’t a store nearby. And maybe you won’t be able to sleep at night if there is too much traffic and noise.
Now before you call me a country girl…yes I am one. Hear me out. Is this location not ideal for so many different demographics? Just some of the activities you will find:
- Year-round Hiking Trails on Limerick Forest Trail System
- Biking Trails along the Canal
- Unique Shopping
- Excellent Cuisine
- Art Culture
These are just a few of the wonderful activities to fill your life with, and for more you can check out the Chamber . Want to start a family, maybe you’re still thinking about my point on business opportunities (nice!) or perhaps it’s time to retire. Merrickville has options for everyone in its ideal and hidden location.
Okay, so lots of tourist attractions, a beautiful location, and many business opportunities. What else? We need more right? We are talking about investing our own money into real estate here. I’m not calling Merrickville a Jewel for nothing. Let’s talk about the community. Something I know I have been too quick to overlook.
#4: A Strong-knit, supporting Community
Merrickville, Ontario is a quaint town that is located along the Rideau Canal in the heart of Eastern Ontario. It holds a close-knit community with a diverse local economy. Cool right?
A leader in supporting local charities, fundraisers for their schools, children's sports teams, and so much more, the community is always there for one another and this is Merrickville at its finest! Don’t believe me? Check out their website to see the constant activity and unity displayed by so many.
Honestly, the Merrickville website and facebook pulled on my heart strings a lot! But the biggest impact by far is when you just visit the town and every person you pass by is like a friend you didn’t know you had. I popped into Nellie’s Room with my family to do some shopping and I couldn’t get over how friendly and helpful the staff were. I think it’s safe to say that living here does not make one feel alone, or unsupported.
#5: Investors in Real Estate see results, while creating Cash Flow
Coming now to maybe one of the biggest parts of the “why to invest”. Well, most investments don’t provide cash flow. You have to invest it, and then leave it and hope that you make the right decision as markets go all over to get a good return. When you invest in buy and hold real estate, you collect cash flow monthly (also known as rent paid by tenants).
It can be short term property flips or a long term investment that constantly flows. And one of the best parts, you don’t have to have all the money up front to purchase the investments, with some of the lowest interest rates out there for loans, your property value should almost always appreciate. Just like I appreciate your attention to Merrickville and its jewel-like qualities.
The Bottom Line
If you’re ready to get started, then I’m here to help (and so are the tenants in need of a rental!). There are plenty of opportunities for investors to buy properties and help the community in providing rentals during an insane home rental shortage. One of the biggest developers for Merrickville in the past 10 years has opportunities right now to start that first or next investment. New construction Merrickville Grove townhomes by Park View Homes. These new homes for sale have been carefully designed to incorporate the beautiful and historic look of the rest of Merrickville. So Merrickville Wolford can continue to expand and develop while keeping its charm and character.
Sales Representative: Teddy DeFazio
Reach out to Teddy for details on home availability and pricing.