Many of us would be able to come up with strategies on how and where to invest.
But a few questions I would have is if you have thought about consulting with your accountant or a tax consultant first. When drawing on rrsp,s for retirement purposes, you will trigger taxes, and you would want to know what your tax bracket is cause it will depend on your last year working income. An adviser will be able to tell you how it all works, and if it would be better to wait 2 years. (I admit I’m not a specialist, just like to inform myself on these topics but plz look into this with someone more knowledgeable)
Secondly, what are you trying to accomplish? Are you an early retiree let’s say age bracket 50-55 and wanting to bridge the gap in income loss after you retire till you are 65 with a real estate investment income? In that case, not a bad idea but keep in mind about the tax consequences for drawing on rrsp.
And also decide on what you want for an investment. The ones that Thomas mentioned, which would take a less active roll and easier to manage, or do you really want to dive right in with owning real estate personally with an active, hands on approach.
Or are you close to 65 and just wanting your money out for something different to invest in? If the latter, Not sure why you would want to start investing in real estate that late in the game.
Having said that, real estate is a lot of fun!