Windsor Ont - New Landlords Like Where Region Is Headed

[Igor Tomic]

The Skyline Apartment Real Estate Investment Trust is investing heavily in Windsor and Tecumseh.

The Guelph-based company just purchased 23 properties for $136.2-million, to become one of the more dominant landlords in the area.

Skyline CEO Jason Castellan believes it’s a good time to invest in the region. “With the biggest trading partner being the US right on the border there, and their economy picking up, we see great opportunity,” he explains. “Windsor has a skilled work force, they have a new bridge, they have a lot of strength going and a lot of momentum in their direction.”

The Skyline Apartment REIT owns 15,000 units in 48 communities across six Canadian provinces.

[Frank D.]

Windsor can be a goldmine for cash flowing properties....Properties can be had for $50k + 15k renos and start flowing $1600 mth (duplex)

The biggest issue I see is....

1) properties are worn out old and dated so if you do not have capital you can only rent them to tenants willing to accept that type of living condition  ....(Bad) 

2) You need capital !!!!! you need capital to modernize and bring the properties upto todays standard...

Then charge a premium rent and cater to the tenant willing to pay $800/mth for a 1 bedroom 

3) By improving the property, and getting a $800 mth tenant you are also making your tenant headaches much smaller, your operation will run much smoother .......True Story.....:)