Savvy investors looking to diversify their portfolios and generate monthly income turn to Heritage Harbor Resort in Ottawa, a popular vacation destination just 90 minutes from Chicago along the Illinois River in Starved Rock Country.
“We’ve had a tremendous increase in the number of buyers who want a solid, profitable investment that gives them an income-generating option outside of the volatile stock market,” said Pierre Alexander, Marketing Director of Heritage Harbor Resort. “Companies such as Airbnb and VRBO have brought the short-term rental market into the mainstream, making it easier than ever for investors to profit from real estate ownership. Rather than being tied down by leases to term, landlords can capitalize on local demand for short-term and vacation rental accommodation.
Centered around a 182-berth marina, Heritage Harbor comprises several distinct neighborhoods, offering villas, cottages, low-maintenance single-family homes and luxury custom residences. The community also includes the Red Dog Grill Restaurant, Tiki Bar and Beach and numerous neighborhood pavilions and pools.
Heritage Harbour’s newest neighborhood, Navvy Town, is ideal for investors with six two-story Lock Tender Cottages priced at $309,000 available for spring delivery. These homes feature 1,150 square feet of living space with two bedrooms, 2 1/2 baths and an open concept kitchen and living room plus an option to finish the full basement
Canal Quarters Mansion apartments, starting at $200, are also available and consist of 580-square-foot one-bedroom condominiums with four in one building. Two-bedroom carriage houses will be offered in the future. Navvy Town will also include a water feature and recreation room for games, movie nights and other family fun.
“Where a long-term rental of 30 days or more might generate, say, a monthly income of $1,800, the same property that a short-term rental of $250 per night would generate an income of $7,500 in the same 30-day time frame,” Alexandre said. “We do the marketing, manage reservations, cleaning and maintenance and more to make the investor rental process seamless. This year’s summer bookings are already picking up pace, so owners who join the program and start renting now can enjoy an immediate return on investment.
In addition to Navvy Town, Port Place, a maintenance-free 12-home enclave, offers two-story ranches and homes, with main-level master suites ranging from 1,196 to over 2,287 square feet, with prices starting at $370. The houses are centered around a common gathering area, which will include a fire pit and benches.
The West Peninsula, starting at $400, offers single-family ranch, two-story, and first-floor master bedroom cottages ranging from 1,490 to over 2,290 square feet with two to four bedrooms, two to four bathrooms baths, charming porches, guest suites, second-floor bunk rooms, optional basements, and attached or detached garages.
Buyers of custom single-family homes will want to visit Pinnacle Pointe, a waterfront neighborhood with its own pool and clubhouse. Luxury ranch and two-story designs, ranging in price from $800 to over $1 million, are available or buyers can choose to purchase a residential site and use their own builder. Homes range from 1,705 to over 3,512 square feet with three or four bedrooms, two to 3 ½ bathrooms, and two-car garages. Homes can include open concept kitchen and family rooms, screened porches, finished basements, suites and decks.
“Short-term vacation renters want an experience and Heritage Harbor delivers that,” Alexander said. “Boating, water skiing, kayaking, fishing and more are right outside your door with numerous golf courses nearby as well as Starved Rock State Park known for its scenic hiking trails, waterfalls, its sandstone canyons, tram excursions and river cruises. Downtown Ottawa offers restaurants, shopping, festivals and other entertainment.
The community is across the street from the 97-mile I&M Canal bike path and boat and kayak rentals are available on-site. Additionally, the Heritage Harbor Activities Director plans year-round events for residents and guests, such as live music on weekends, special neighborhood events and holiday gatherings as well as classes. crafts and cooking, organized group tours and the weekly, Saturday 5K walk and run.
Heritage Harbor is located at 111 Harbor View Drive in Ottawa. Please call (815) 433-5000 ext. 1 to schedule an individual appointment or email [email protected] Enjoy a virtual community drive-in by visiting www.visitheritageharbor.com.