Hamilton or KWC/Guelph area?

Hamilton or KWC/Guelph area?

New to Real Estate · Toronto · Member since 2018 · 11 posts · 8 votes

Hi everyone, 

Just looking for some advice on which city people would recommend for what I am looking to do:

So, I currently live in Toronto but am looking to move out of the city and buy a property in the next year. 

My Goal:  To buy an outdated property/moderate fixer upper in the 250-400k range that I can put 20-30k in renovations.  I then plan to have it re-appraised next year and refinance to purchase a rental property. 

Please note that I plan on living in this property long-term. 

My question:  What city would you recommend between the Hamilton area and the KWC area?  

I am thinking that KWC might be difficult to find in my price range as it seems to have risen considerably in price...Hamilton seems more affordable but I also hear a lot more negative things about the city. 


I noticed Cambridge seems to be the most affordable in the KWC area- anyone have any opinions?  

In terms of Hamilton- do people here have a favourable look on the city? What about outlying cities such as Stoney Creek?


Thank you!

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  • Rental Property Investor · Hamilton, Ontario · Member since 2016 · 285 posts · 181 votes
    6y

    @Dylan Bergum Both great markets Hamilton is an awesome city, majority of my portfolio is Hamilton. Send a DM & we can set up a call, happy to go over details with you about where to invest.

    Jacob

  • New to Real Estate · Toronto · Member since 2018 · 11 posts · 8 votes
    6y
    Originally posted by @Jacob Perez:

    @Dylan Bergum Both great markets Hamilton is an awesome city, majority of my portfolio is Hamilton. Send a DM & we can set up a call, happy to go over details with you about where to invest.

    Jacob

    Sounds great buddy! I will hit you up..Recognize you from Matt McKeever's channel  

  • Residential Real Estate Broker · Kitchener, Ontario · Member since 2014 · 687 posts · 370 votes
    6y

    @Dylan Bergum

    Hi Dylan - I am in KWC markets and I own a number of townhouses in Kitchener.  You are right about the price point here.  You can find fixer uppers for under $400,000 still.  Not really anything at that $250,000 mark right now.  I can always chat with you about this area if you like - you can do a colleague request - that will allow us to chat more.

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