Ambitious young professional, Busy Entrepreneur, Domus Developments, Downsizing Baby Boomer, Family-oriented Couple, First-time Homebuyer, International Investor, New Condos, Newlywed Couple, Real Estate Investor, Remote Worker, Retiree, Single Parent, Waterloo
Downsizing Baby Boomer
Income: $80,000 per year
Personality: Social, active, and community-minded
Real Estate Goals and Challenges
Sophia, a social, active, and community-minded 58-year-old baby boomer, lives in Oakville with an annual income of $80,000. Her main challenges include transitioning to a smaller home without sacrificing comfort and accessibility. She aims to find a low-maintenance property in a friendly, walkable neighbourhood close to social and recreational amenities.
To find a low-maintenance property in a friendly and walkable neighborhood, close to social and recreational amenities
Transitioning to a smaller home without sacrificing comfort and accessibility
Seeking a Low-Maintenance and Comfortable Home
As an empty nester, Sophia primarily focuses on simplifying her life and reducing her responsibilities. She seeks a property that offers the right balance of comfort, practicality, and low maintenance, without compromising her active and social lifestyle. A condominium or townhouse in a well-established neighbourhood with an active adult community would be an ideal choice for her.
Prioritizing Accessibility and Amenities
Accessibility is essential for Sophia as she plans to age in place. Therefore, she requires a home with an open floor plan, ground-level entry, and wheelchair-friendly spaces. Additionally, she prefers a location close to public transportation, shopping, healthcare facilities, and recreational amenities, allowing her to stay engaged with her community.
Finding a Vibrant and Social Community
Being social and community-minded, Sophia values a neighbourhood that fosters a strong sense of community and offers various social and cultural activities. She enjoys attending community events, volunteering, and participating in local clubs or organizations, making a lively and connected neighbourhood a must-have.
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Individual investors seeking to diversify their portfolio with real estate assets can invest in REITs as a solution. REITs offer a diversified portfolio of income-generating properties without requiring property management. With REITs, investors can gain exposure to the real estate market and the potential for income and capital appreciation while enjoying liquidity. It's a convenient and accessible way for individual investors to diversify their portfolios with real estate assets.
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