Guelph's Hottest Neighbourhoods for Investing
Tom Van Horne • August 22, 2024
Guelph, Ontario is a popular city in southern Ontario with a thriving real estate market. Here are some of the hottest neighbourhoods in Guelph for investing:
1. Downtown Guelph: The downtown area is a popular choice for investors due to its proximity to amenities, public transportation, and the University of Guelph. Properties in this area tend to appreciate quickly and are in high demand.
2. St. Georges: This neighbourhood is just east of downtown and features a mix of older homes and newer developments. It's close to the University of Guelph and has a high walkability score, making it attractive to students and young professionals.
3. Arbor Creek: This neighbourhood is located just north of downtown and features a mix of single-family homes and townhouses. It's close to the Speed River and has a high demand for rentals, making it a great option for investors.
4. Pleasant Ridge: This neighbourhood is located just west of downtown and features a mix of older homes and new developments. It's close to the Guelph Public Library and has a high walkability score, making it attractive to families and young professionals.
5. Skyway West: This neighbourhood is located just west of downtown and features a mix of single-family homes and townhouses. It's close to the Guelph-Johnston Public School and has a high demand for rentals, making it a great option for investors.
6. Eastview: This neighbourhood is located just east of downtown and features a mix of older homes and new developments. It's close to the Guelph Public Library and has a high walkability score, making it attractive to families and young professionals.
7. Gordon Street: This neighbourhood is located just south of downtown and features a mix of single-family homes and townhouses. It's close to the Gordon Street Public School and has a high demand for rentals, making it a great option for investors.
When investing in real estate in these neighbourhoods, consider factors such as:
Rental Semand: Look for areas with high rental demand, especially near universities, hospitals, or other major employers.
Amenities: Neighbourhoods with amenities like parks, public transportation, shops, and restaurants tend to be more desirable.
Proximity to Schools: Families with children often prioritize neighbourhoods with good schools nearby.
Zoning: Check the local zoning regulations to ensure that your investment property can be used as a rental or flipped for resale.
Appreciation: Research the neighbourhood's appreciation rate to ensure that your investment will increase in value over time.
Keep in mind that real estate investing always carries risks, and it's essential to do your due diligence before making an investment decision. Consult with TVH Real Estate Group, your trusted real estate agents or financial advisor to determine the best investment strategy for your goals and budget.
