There is a nice little list today to view but I want to focus on 14 Kensington because I feel this could make a great home for a retiree or first time buyer. The lot and area are awesome, along with the updates they have done. As a first time buyer, it's very tough these days to get into the market so the importance of income potential is critical. If I were buying my first home I would have the basement registered as an apartment, rent it out for many years and possibly keep this as my long term home because of the 1 floor living into my Golden Years. As a first time buyer you're building equity and eventually have the option to either take over the whole house or rent the home out and buy another place, building a real estate portfolio. If you decide to rent the whole place and buy another home to live in your down payment commitment is smaller because you're buying your primary residence.
As a retiree our real estate prices are so high to downsize, move to something decent and have a bunch of money left over to live it up!! It has almost become a lateral move these days in Guelph so the days of cashing out are no longer common. If you're open to renting out the basement as a retiree, you're having someone else help fund your retirement while you're golfing in Florida and why not have one of your kids deal with the tenant. This home is listed by ReMax Real Estate Centre Inc