Key Takeaways
- • Condos rent and resell faster, but common fees eat into profit
- • Townhouses earn more rent per unit but have a narrower tenant pool and more upkeep
- • New investors with limited capital usually start with condos
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.
Condo — easy and liquid
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.
Townhouse — higher rent, more work
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 |
Where to start
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.
References
- Real Estate Information Center (REIC)
- DDproperty — rental market trends
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