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
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.
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.
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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