Investment opportunity for rental properties in Southwest Manitoba!

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The RM of Pipestone have seen an influx of single family homes and seniors housing, next on their radar is real estate investment towards a rental housing complex.

New Housing Construction

New housing developments, with the anticipation of a multi-unit dwelling development on the horizon.

There are a limited number of rental properties currently available, not near as many as the inquires received.

The Rural Municipality of Pipestone is booming with development. Located in a prime location, the Municipality is fostering this by encouraging property development through cash grants and $10 residential property. With only five $10 residential lots remaining in the 24 lot subdivision, the RM Community Development Corporation (CDC) is encouraging development of a muliti-unit complex within the Rural Municipality (RM) of Pipestone. Over 20 homes have been constructed within the RM using the $10 lot program in the last 5 years which is a significant amount of growth for a rural area. Growth in the petroleum industry has been an influence to this along with the notion that living in a rural area in Manitoba is an excellent lifestyle.

With this growth comes the opportunity for investment of rental properties. Manager of Economic Development Tanis Chalmers stated, "Many single family homes have been constructed but this option is not suited for everyone." The Municipal office receives phone calls on a regular basis from individuals, couples and families looking for rental accommodation. "There are a limited number of rental properties currently available, not near as many as inquires received," stated Chalmers.

The RM of Pipestone CDC is working on fostering a multi-unit complex that could be housed on a variety of $10 residential lot properties. "The property is developed, now we just need to source an individual or individuals who would take on the opportunity," said Chalmers. The local CDC has shown interest in facilitating the conception of a multi-unit housing project.

A rural lifestyle is a concept that many families are shifting to due to the safety and lower cost of living it can offer. The RM of Pipestone offers these amenities but also offers a more affordable option due to its $10 residential lot policy, and Home Purchase Grants. By purchasing a home in the RM of Pipestone applicants are may be eligible for up to $6,000 cash.

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Tanis Chalmers
@RMofPipestone
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