There are a number of characteristics that make a good investment property. 1. Location is key. A good investment property is typically located in an area that is growing or has potential for growth. This could be a new development area, or an up-and-coming neighbourhood. 2. Another important factor to consider is the condition of the property. A fixer-upper may be a good investment, but it is important to be aware of the potential costs associated with renovations. It is also important to make sure that the property is structurally sound. 3. The size of the property is also important. A smaller investment property may be easier to manage, but a larger one may have more rental potential. 4. It is also important to research the local rental market. This will give you an idea of what kind of return on investment you can expect. 5. Finally, it is important to consult with a professional before making any final decisions. A real estate agent or investment advisor can help you determine if a particular property is a good fit for your investment portfolio.