That steady rental demand is a double-edged sword for a first-time buyer. It supports resale value and gives you a built-in tenant pool if plans change, but it also means more competition from investors for the same entry-level houses, which can push a bidding process further than in a purely owner-occupied neighbourhood.
Condition varies house to house in an older neighbourhood like this one, so a home inspection, typically $400 to $600, matters more here than the address does. A rental-heavy history can also mean deferred maintenance that a citywide number has no way to flag.
The right number for a specific Varsity View house depends on its own condition and comparables, not the average for the area. Get your hand-reviewed valuation from Joel Dyck.