Our Favourite Daily Listing pick today is 36 Pleasant Rd. It's not the biggest home out there, but it has a detached garage, finished basement, large yard and is on a nice, quiet street. And is very reasonably priced at $489,900. Definitely one to look at if you have your heart set on detached! Listed by Royal LePage
Home Office, Nanny Suite…..so many options
Today's list has a decent list, but there is one property at 168 Clairfields Dr W that is good value and works great for a nanny suite or an at home office. It's a backsplit with a main floor bedroom, bathroom and space for a kitchenette. I have always loved backsplits for their spacious living areas, but if you love a big bedroom, then typically this wouldn't be one for you either.....except that this home has a decent sized master and an ensuite. The price is also super reasonable based on the size and finishes.
Get your Vote on!
It's voting day! I'm sure you've been hearing things all day about the elections and I do hope that you have voted. Elections tend to affect the real estate market and activity drops right around election day, so it's no surprise that we only have a few to look at. That said, expect things to pick right back up this week.
On today's list is a nice family home in Exhibition Park area at 10 Kimberley and for the investors, a great 6 plex with a 5.4% cap rate at 66 Willow Rd! A cap rate over 5% in Guelph is pretty hard to find, so this is one to look into.
Don't forget to vote today!
Prices going down.......?
There's a lot of talk about making homes more affordable especially with upcoming election but the fact is we had 132,417 new Canadian's move to Ontario in 2018 and only 70,257 housing starts (new builds). Since 2017, the Canadian government announced its aim to significantly increase the number of permanent residents to Canada in order to combat an aging workforce and the decline of working-age adults. Everyone is aware of basic economics - supply and demand drive prices.
According to an analysis of Statistics Canada data by Ryerson University’s Centre for Urban Research & Land Development, Toronto lost 30,000 people per year between 2016 and 2018 to more affordable housing markets. Long commutes, or simply giving up on higher-paying jobs in Toronto, this is the price people are paying to afford a roof over their head. That's us GUELPH, they are still coming to us from the GTA, our prices are not dropping and it's also effecting our rental market putting rents out of reach for some people.
With that long winded thought you first time buyer should look at 1 Sunnylea Cres, it's in General Hospital neighbourhood which is great, walkable to downtown,1 bedroom condo apartment. Shows well, priced sharp and the Listing agents from Royal Lepage mention this important detail, with $12,000 down, the mortgage will carry for $1,116/month - less than most rents in the city.
16 Marlborough - Riverside Park Gem
Our pick today is 16 Marlborough, a cute 1.5 storey gem steps to Riverside Park on a great lot. There's room to add your own value here by upgrading some areas of the home but the owner has been here since '95 so it's been well loved and maintained. Click HERE for more details. This home is listed with ReMax Real Estate Centre
