When a neighborhood is “up-and-coming”, full of very old homes just waiting to be improved, and offers stunning bay views, you have a good opportunity for upside potential. Whether you buy to hold long-term, or to do a quick renovation and resale, Bay Park is a great area to consider. Additionally, with the new mid-coast trolley expansion on the horizon and parallel improvements to the Morena District, you have a chance to get in on the benefit of those improvements early.
- 43% of the homes in Bay Park are occupied by tenants.
- The median rental value is $2400/mth and rents have increased 1.7% year over year as of Sept 2013.
- The vacancy rate in Bay Park is extremely low at just 1.08%.
Bay Park Condos/Townhomes