With your first cheque ready, the classic question is condo or townhouse. Both earn rent, but management and tenants differ enough to change your long-run peace of mind.
Transit-side condos fill fast with workers and students; the juristic person handles common areas and resale is active. The downside is monthly fees and sinking-fund costs.
A townhouse earns more per unit and suits long-staying families, but you handle every repair and the tenant pool is narrower, so vacancies can run longer.
| Aspect | Condo | Townhouse |
|---|---|---|
| Finding tenants | Fast | Slower |
| Upkeep | Juristic person | You |
| Resale liquidity | High | Medium |
| Rent per unit | Medium | Higher |
If this is your first rental and you have a day job, a condo is usually less stressful — easy to manage and sell. Step up to townhouses later for higher income.
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