The average price of a detached home in Kitchener in August 2019 was $615,568 Canadian, where the average price of a Toronto condo (about 80 kilometers away) was well over $619,307.
Two of the most undervalued areas in Waterloo remains the Lakeshore North and Lakeshore Parkdale areas as they currently sit at about $484,161 and $438,600 Canadian, respectively.
West Ward and Rockway South Ward
By far the two most undervalued wards in the Kitchener area. West Ward currently sits with an average sale price of about $383,000 Canadian, while the Rockway South Ward hovers around the $399,000 mark; all figures in Canadian. Even the open houses Kitchener have seen a massive spike in price as a result of the undervalued areas of West Ward and Rockway South.
Pioneer Park and Doon
Probably two of the most sought after areas of Kitchener. Over the past year, just 10 homes have sold between these two prestigious neighborhoods, making it one of the most coveted areas in Kitchener-Waterloo.
There is a reason why the Kitchener-Waterloo and Cambridge area keeps expanding and is home to the likes of Google, BlackBerry, Shopify, and Vidyard. That's why we always suggest that if you're looking for an investment opportunity, always look for homes with residual income power. That's why often times why homes for sale in cambridge ontario with inlaw suites are one of the most sought after investment opportunities in the Canadian market for housing.
What are your thoughts? Do you think it is worth reaching out to a Waterloo real estate agent?