|Price/sqft||$1,000-$1,400 per sqft|
|Studio Price/sqft||$400K – $500K|
|1-Bedroom Price||$600K – $750K|
|1-Bedroom + Den Price||$650K – $825K|
|2-Bedroom Price||$850K – $950K|
|3-Bedroom Price||$900K – $1.5 Million|
|1-Bedroom + Den Rent||$2,400-$2,850/month|
Why Should You Invest In Preconstruction Condos In Guelph?
In this saturated market in the GTA and Toronto, the homebuyers are still looking forward to buying new homes in Guelph, either for its affordability or its luxurious residence. Guelph is the city where people enjoy satisfactory living with greenery surrounding parks and golf clubs, easy to get top amenities like Costco Wholesale,The Home Depot, Stone Road shopping mall,luxury hotels,Walmart Supercentre, big restaurants, and much more. You can also enjoy different flavors of life such as the open-air market, Art Gallery of Guelph, Aberfoyle Farmer’s Market, Cambridge Butterfly Conservatory, Basilica of Our Lady Immaculate, Children’s Art Factory, etc. in this city.
Living in Guelph Condo
Having attractive surroundings, great educational facilities, a convenient transport system, more business opportunities, the Guelph is attracting all the homeowners around. It has a number of universities and colleges, like the University of Guelph, Wilfrid Laurier University, University of Waterloo, and Conestoga College. It also offers numerous restaurants, supermarkets,stores, shopping malls, along with many entertainment sectors, recreation centers, popular theatres, historical monuments, parks, and much more to make life easy for all the Condominiums.
Guelph is ranked as the second-best city for having all the facilities of real estate in Canada after Windsor by MoneySense. According to their 2017 report, Guelph is considered among the top 5 places in Canada. The place provides all the employment, education, and residential facilities to the people who buy homes in the region. The homebuyers can now enjoy housing options in a much affordable way in Guelph.
The MoneySense2019 report for Guelph’s real estate market contains the following highlights:
- The average price of the houses: $527,300
- The five-year average rent increment: 20.02%
- Five-year yearly return on property investment: 8%
The city also has attractive business opportunities through itsinvestment programs like ‘Invest in Guelph’ and ‘Prosperity 2020’, etc. It is expected to see the boon in the business sector soon by bringing more opportunities to the business persons.
Guelph New Condos Value & Trends
The real estate market in Guelph Condo is continuously increasing its demand, making the place attractive to invest. The latest Guelph MLS statistics indicate the average price of the housing property is $570,185, says zolo.ca. The average selling price for the same is $570K, which is an increase of about 7.4% from the last month and about a 5% hike as compared to the previous year. According to zolo.ca, the price of a 1BHK condo unit is $394K, a 2BHK condo is $487K, and a 3BHK condo is $444K. These prices have been on a hike for 37-43% every year. The statistical report revealsthe prices of real estate in Guelph are on a steady hike as compared to the previous year, and it is predicted to further increase by seeing the city’s consistent efforts to develop the real estate business and thereby attract the homebuyers.
The Guelph population is now 131,794, and thelabor force is over 75,000. The city has been witnessing a continuous boost in populationforten yearsand is expected to grow more, i.e., up to 179,000 by 2031.
Guelph Condos Transit Options
In terms of the transit system, this place has also got many convenient options for the residents. It offers easy and convenient private as well as public transit options. The Hwy 401 is just five minutes away from the city, and the other two highways, Hwy 6 and Hwy 7 are passing across the city. You can enjoy speedy and hassle-free travel to any destination in and around the city. The residents can also get access to rail, bus and trains easily and conveniently.
Get your home here in Guelph, and enjoy a luxurious living!