Let’s Talk: Investing in Kortright West

Jan 16,2017 | Buying

Kortright West is an area of Guelph comprised of everything East of the Hanlon (HWY 6 N) until Gordon Street and South of Stone Road until the most southern section of Edinburgh Rd. S (Carrington Place).

Market Statistics of Kortright West for 2015.
This area is popular pick for families, students and commuters as it offers its residents a great selection of recreational activities and amenities. Here’s a list of some of the top draws to the area:
~ Campus Estates Plaza ~Tim Hortons ~Manhattans
~ Kortright Market Square ~ Staples ~Stigmata Tattoo Shop
~ Movati Gym ~ LCBO ~ Shoppers Drug Mart
~Golden Basil ~ East Side Marios ~ Quiznos
~ Café Insomnia & Trattoria ~ Squirell Tooth Alices Bar & Grill
~ The Fat Duck Gastro Pub ~ Wendy’s
~Delta Guelph Hotel and Conference Centre
~ 4 Schools (2 Public, 1 Catholic, 1 Montessori)
~ John Gamble Park (off leash dog park) ~Hanlon Creek Trail
~ Hanlon Creek Park Splash Pad ~ 10 Community Parks

Photo courtesy of http://www.guelphkidsguide.ca/blog-single/Guelph-Splash-Pads-and-Wading-Pools
With Kortright West offering such great amenities and being within a short bus ride or drive to the University, it acts as a prime location for investors looking for student rentals. We have a listing at 54 Steffler Drive that is currently being rented to students. Below we have run the numbers on this particular property to show the potential cash flow on an investment in this area:

The numbers here represent the current rental situation on the home. It’s important to remember that with an additional investment to modify or upgrade the home, the rent rates have the ability to increase and this chart does not take into account the appreciation on the home. The average appreciation on homes in the south end of Guelph (including Kortright West) is 29% from December 2015 to December, 2016.
You can take a closer look at the listing HERE

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