New Lakehead University campus in Orillia presents favorable investment opportunity in Central Ontario

Construction of the Lakehead University Orillia Ontario Campus is well underway and the first of three phases of this new education facility is expected to open in the fall of 2010. The creation of a new university presents a rare and significant real estate investment opportunity to those who will take advantage. Property values will be positively effected in Orillia in reflection of the demand for rental accommodations this facility is about to create.

Average home prices in Orillia are lower than Barrie to the south yet average rental rates for rooms, flats and apartments are on par with Barrie and are certain to increase with the imminent demand ahead. Orillia has many older homes in and aroud the area where the Lakehead campus is being constructed, many are on public transit routes and are good candidates for immediate or future rentals.

My advice to investors who have been underwhelmed by the ROI rates the Simcoe county rental market has shown for the past while is to take a serious look at the Orillia market and the opportunities it presents.

Parents of students who will be attending Lakehead University in Orillia will want to consider the financial benefits of purchasing over renting. Learn more

Should you wish to be kept current on listing activity for the Orillia area call or email me with your purchase criteria. I will provide you with regular updates on current and future properties for sale.

Corresponding links:

Orillia Lakehead off Campus housing department

News release

City of Orillia