If you have been following the real estate market in Guelph, Wellington, and Waterloo Regions you probably know that prices are going up, and they are (at this time) going up fast.
Some buyers may feel like their dream of a freehold home with a nice lot on a desirable street is out of reach, but certain neighbourhoods hold hidden value, opportunity, and enjoyment.
One of these neighbourhoods is Kortright West in Guelph. There are loads of benefits to purchasing and living in this mid-town neighbourhood, including a great return on your real estate investment, a convenient location, great parks and schools, and good homes on nice sized lots.
There is real opportunity for first time buyers looking to get into the market, or people looking to create some “sweat equity” by moving into a home that needs some updating but has solid bones. This is a neighbourhood in transition; in the 1970’s and 80’s it was predominantly single family dwellings and transitioned to more student rentals in the 1990’s and 2000’s. The transition back to families is now creating a new dynamic in this area.
The value is also evident in the prices. The average detached freehold home in Guelph sold from Dec 1, 2020 - March 1, 2021 was $737,000, and the median price was $$731,000. In Kortright West during the same period, the average detached freehold home sold for $681,000 and a median sale price of $675,000.
Kortright West is conveniently located in close proximity to all amenities including grocery stores and malls, as well as independent stores and restaurants. The area also boasts easy access to highway 401 and highway 124; you can get to Kitchener, Waterloo, Cambridge, or the GTA easily and without hassle.
The area also features many great public and private schools as well as playgrounds and parks. Most notably, Hanlon Creek Park and Preservation Park, a 7.7 km loop trail that is open year-round. Hanlon Road Off-Leash Dog Park is a fantastic trail for a walk with your fur family.
Families will also appreciate the benefits of above-average sized lots and the possibilities that accompany that. This established neighbourhood is home to an abundance of mature trees, bringing a variety of birds and wildlife.
Thinking of moving and looking for some opportunity in Guelph? Think Kortright West.