An older Varsity View property benefits from consistent occupancy, but its age means mechanical systems, roofing and windows are more likely to be due for replacement, and a landlord there should budget for that rather than being surprised by it in year two. A pre-purchase home inspection, typically $400 to $600, is the way to price that risk before closing rather than after.
Forest Grove's newer stock keeps repair costs down, but finding tenants may take longer since it is not walking distance to major employers or the university, so vacancy days rather than repair bills become the bigger line item to model.
Either can work well as an investment; the deciding factor is the specific property's condition, suite legality and actual rent roll rather than the neighbourhood's reputation. Get your hand-reviewed valuation from Joel Dyck.