The case for Varsity View is occupancy stability, not a bargain purchase price. Steady demand from students, staff and hospital workers means lower vacancy risk than a property that depends on a thinner renter pool, and lower vacancy is worth real money over a multi-year hold even when the entry price is higher.
The offsetting cost is maintenance. Older housing stock near the university tends to need attention sooner, from roofing to mechanical systems, and higher tenant turnover than a family-focused property means more frequent repairs between leases, so budget a real inspection, typically $400 to $600, into the purchase price rather than skipping it to save time.
The right comparison is cash flow and vacancy history for the specific property, not the neighbourhood's reputation for being expensive. Get your hand-reviewed valuation from Joel Dyck.