What Can You Buy For Under $375,000
By Condo Culture
With demand continuing to be high and inventory low, it may be trickier in this seller's market to identify good real estate deals. This week, we take a look at condos under $375,000 and share a few reasons why we think these units would make good investments.
1. Midtown Lofts Unit 507 - COMING SOON
690 King St. W. Studio $299,900
Very few opportunities exist to buy in one of Kitchener-Waterloo’s newer and highly desirable condo buildings in the downtown core for under $300,000. A 5 minute (500 m) walk to Google’s Waterloo office, on the LRT line, efficient layout and impressive views makes this unit perfect for investors looking to attract quality tenants who want to be at the center of it all.
For more information on the many factors that make the Waterloo Region ideal for real estate investment visit our earlier blog post, Top 6 Reasons to Invest in Kitchener-Waterloo-Cambridge.
60 Charles St. W. 1 Bed, 1 Bath $360,000
3. Garment Street (Tower 3) Unit 1310
108 Garment St. S. 1 Bed, 1 Bath $369,900
With a number of developments including the new transit hub, set to be completed over the next few years, we expect to continue to see major transformation to the Downtown Kitchener core. This level of development is naturally expected to further increase the value of real estate in the surrounding areas. Now is an awesome time to get into properties like Charlie West and Garment St. Condos, in the heart of the city, on the LRT line, close walking proximity to major tech companies and awesome amenities.
100 Fergus Ave. 1 Bed, 1 Bath, 1 Parking $364,900
Perfect for the GTA commuter, the HUSH development is just minutes from the 401 and major expressways. Occupancy is expected in the next 2 months and included in the price of this unit is a parking spot. Major growth to the area surrounding the HUSH project is also expected, with the complete transformation of nearby Fairview Mall to the Grand Market District, a mixed-use development.
255 Northfield Dr. 1 Bed, 1 Bath, 1 Parking 1 Storage $360,000
Close proximity to the universities, St. Jacob's market, trails and parks, the Blackstone Condominiums have all the modern conveniences nearby. Occupancy will commence in a few months, making this unit perfect for an investor looking for a more immediate cash flow. With a storage locker and surface parking spot also included in the price, this unit offers huge value.