Re: Sort of retirement plan
 

Vacation rentals don't have to be houses, a trailer is a good option. Depending on the site you might not get winter access for ice fishing etc but the initial investment would be lower.

https://m.realtor.ca/Residential/Sin...Ontario-K0L2G0

Re: Sort of retirement plan
 

Thanks, we now thinking of mixing it up, maybe good not to have all apples in one basket, vacay rental and a couple long term tenants

Re: Sort of retirement plan
 

FWIW

unless you have the knowledge, experience or the gut to do this especially in your 50's,then DONT

Bristol has experience at being a landlord, so have I.

Even with all the time on your hands & when its distance from where you live to the 'sitting tenants' - it really isn't worth the agro

or, would you want to have a duplex where you live in one half & rent the other out- or possibly a property that has a basement that you could rent out?

When you have tenants you are always on call - its like having a dog or an elderly relative.... you never get to go on holiday or have time to yourself

Should you stay in Ajax, consider downsizing + a cottage for summer retreats & maybe rent the cottage out for a few bucks in season so it pays the running costs, property tax & maintenance

I stick with the 'if you are going to move to have free cash from sale & what you buy, then keep in mind the healthcare situation that its available & you have all other amenities close.

No use being in a $250k property in the middle of nowhere, should you get snowed in, no power or a health scare

Re: Sort of retirement plan
 

Middle of nowhere is off the list now N2O

We would live near to our rental. We would move east to Cornwall. We have run rental properties in the U.K., Blackpool, had not so savoury tenants at one time and was also self employed for 15+ years.

I suppose really it’s not retiring it’s more going part time. I could also put in a few days a month surveillance work as we get jobs out east. I have worked Picton area and Brantford just last December

Re: Sort of retirement plan
 

:lol: There's something about Fridays here. My doc used to not 'do' Fridays and their answering machine was similar.

My stepdaughter just got referred for a bone scan today. Previous X-ray didn't pick up a break in her wrist and it's still a problem. It'll be interesting how long that is.

Yes...and every time something is suggested it's resisted. :(
That proposal to charge seniors with more than $100k tucked away a bit more for care (while those with nothing would pay less) was a start but the Seniors Coalition knocked that on the head. Bloody overly pampered seniors.

It's been happening voluntarily to some extent. Maybe the last ice storm would persuade them. :lol:

I think cheaper places are shifting quicker.
Are you throwing in your fancy coffee machine?
Are you satisfied with your realtors? (Phil Albert did well for me, although I sold the duplex at a loss price-wise. Fortunately the rental income more than made that up)

Lots of suspicious fires happening but yours might look less dodgy.

Re: Sort of retirement plan
 

Scaphoid fracture. It often, most often, doesn't show on the first xrays done at the time of injury so it's treated on clinical evidence and re xrayed two weeks later. If still no fracture seen then an isotope bone scan is ordered.

Re: Sort of retirement plan
 

so its Cornwall eh!

1. experience as a slumlord is a +1

other ...

2. Picton could be a good choice if you were to do either B&B or AirBnb

3. what about a look at Kingston or Trenton?

Re: Sort of retirement plan
 

Looked that up and it's a perfect description. Thanks Dr Bats. :lol:

Re: Sort of retirement plan
 

Trenton is a dump and Queens students don't have the best rep. But I think those general areas for vacation rentals

Re: Sort of retirement plan
 

I do quite a lot of work in Trenton. Always stay over I even used a dentist there on an emergency last year. I could live there I like the small town vibe there.

Re: Sort of retirement plan
 

funny as it is when folks mention dumps, population & density

Ajax Ontario 109,000 peeps

Cornwall Ontario ~60,000

Trenton Ontario 22,000

Blackpool UK 142,000

Life is too short to worry about the small stuff

Home is where you are & what you make of it- if you don't like it for whatever reason, then move ... emigrate

Re: Sort of retirement plan
 

Really? It has that unloved military town feel. Now Brighton next door is very nice and has a good small town vibe. You can still get houses/cottages at reasonable prices around there too. It's a good area but Trenton itself? Not for me. The hospital is ok though!

Re: Sort of retirement plan
 

How many of you BE-ers in your 50s/60s do not plan on staying in Canada for the retirement years?

Re: Sort of retirement plan
 

USA (the warm and stormy bits) would be a idea, getting a visa tho ?

Re: Sort of retirement plan
 

there is a guy I met in Uxbridge that does the 6/6 mths Ontario - florida - ontario

Trailer park in both places