While I continue to hear new arrivals of Kitchener-Waterloo tote the small town feel – the Region is making big plans to change the dynamics of the city.
Recent zoning changes have opened the door for large high-rise condos and commercial spaces. This is a move to address what locals have been feeling for the last few years; pressure. Pressure to find affordable housing.
This is not because of a lack of homes but rather the conflicting needs of resident families, temporary students and young professionals who are developing their skills.
The new zoning will see a rise in pre-construction condo sales which in turn will make for excellent investment properties.
You may be wondering why you, a Torontonian, are seeing this. Well, if you have been following the Toronto housing market in the last few years, you know the immense competition that it has seen which has driven prices upwards.
Some of you have always thought of real estate investing but do not have the cash on hand to layout the down payment for a $1 Million+ property…This is where I am here to say, “Your dreams are attainable!” (in Waterloo).
Maybe you can even afford that million dollar investment property. Wouldn’t THREE investment properties in a growing economy be better?
Believe it or not, you have an opportunity to buy high quality, highly demanded condominiums for under 300k in Kitchener-Waterloo. That’s correct – do the quick math and you will happily notice that three units at that price point still come in under 1 million dollars. The fun part is you have also diversified your real estate portfolio which we all know is a smart investors best friend!
Call me today at 519-497-5923 to learn more about investments in Waterloo Region!
Are you currently working with a local realtor? GREAT! Tell them about this article and have them call me so we can be your real estate team.