Smart Kitchener Real Estate Investing - Finding the Number 1 Investment Location
Located in southwestern Ontario, Kitchener is a beautiful city that’s full of life and home to many attractions. The city is about an hour’s drive from Toronto and hosts many events that bring in tourism from all over the country. Kitchener experiences all four seasons with an average summer temperature of around 24 degrees Celsius and an average winter temperature of 1 degree Celsius. Most tourists prefer to visit Kitchener during the summer months, however, the city gets plenty of tourism all year round.
Kitchener is considered the fourth-largest census metropolitan area in Ontario and features a variety of amazing home and commercial locations. Many of these properties are available at fair prices and will only rise in value over time. If you’re looking to invest in a heavily-populated area with less expensive housing than Toronto, consider Kitchener real estate.
However, before you dive into the world of Kitchener real estate, get started the right way by booking a free strategy call to discuss financing and planning your Kitchener real estate investments the right way.
Welcome to Kitchener Real Estate
Kitchener, Ontario was founded in 1807 and currently has a population of around 571,000, showing an increase of 1.6 per cent from 2020. The average housing cost also shot up over the last year and is now around $674,977. While the housing costs in Kitchener are more expensive than smaller cities in Ontario, they are much less than Toronto’s average housing cost of around $1,000,000.
Many investors find Kitchener to be worth the housing costs due to the city’s popularity. In fact, over the last couple of years, Kitchener invested $1.2 billion in building permits and built over 2,000 new apartments. If you want to avoid higher housing costs and rental prices, now is a good time to look for investment opportunities.
Events and attractions that bring in plenty of tourists
One of the many reasons Kitchener gets so much tourism is the many fun events it hosts throughout the year. Kitchener–Waterloo Oktoberfest, for example, is often called “Canada's Greatest Bavarian Festival” and is in fact the largest Bavarian event held outside of Germany. During Kitchener–Waterloo Oktoberfest visitors enjoy live music, fun games and much more. The festival last nine days and brings in around 700,000 people on average.
Kitchener also hosts Tri-Pride, which is one of the largest LGBTQ+ event held in Ontario. Visitors come from all over to enjoy the weekend-long concert and other events held at Tri-Pride. Other popular annual events held in Kitchener include the Kultrun World Music Festival, KOI Music Festival, Kitchener Blues Festival and many more. When these festivals occur, you’ll find many visitors looking for a place to stay.
Even when there isn’t a festival going on, there are plenty of ways to have fun in Kitchener. The popular downtown area is full of amazing restaurants and eclectic shops. Because of this, you won’t have trouble finding someone to rent out a commercial building if you invest in or nearby downtown Kitchener. There are also several arenas in Kitchener that host sporting events, concerts and special performances. There’s no shortage of fun things to do in Kitchener!
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Kitchener has beautiful natural areas
The scenic views of Kitchener also add to the city’s tourism. Kitchener offers easy access to Canada’s majestic Grand River, which brings in nature-lovers from all over. The Grand River is an excellent place for kayaking, rafting, canoeing and more. Miles of scenic trails and beautiful campgrounds are also found along the Grand River.
Another popular spot for nature-lovers in Kitchener is McLennan Park. This park features some of Ontario’s most beautiful trails, perfect for hiking and walking your dog. McLennan Park is also home to a popular bike park, splash pad, basketball courts and plenty of other amenities.
With so much annual tourism for the natural attractions in Kitchener, you may want to consider investing in a vacation rental.
Food and the arts
Amazing local art is one of the many reasons Kitchener continues to thrive. Be sure to visit any of the local galleries to see some of this art first hand. Popular galleries in the area include the Kitchener-Waterloo Art Gallery, Button Factory Arts, Homer Watson House & Gallery and Social Art. Kitchener also features a relatively new Art Walk in the downtown area, which has brought in art-lovers and artists from all over the country.
Kitchener is a premium destination for restaurant lovers. Visitors from the surrounding areas often visit Kitchener to pick up some of their favorite dishes! One of the best things about the food scene in Kitchener is its diversity. You’ll find everything from fine dining options to some of the best pub food. Kitchener is also home to many popular ethnic dining options—making it the perfect “smaller city” for big city lovers. If your buyers or renters love cultural diversity, they can find it here.
There are always new workers and students looking for homes to rent Kitchener Real Estate
Kitchener offers plenty of new opportunities, so many people move to the city for work. Larger employers in the area include Research In Motion, the Grand River Hospital, Toyota Manufacturing, Sunlife Financial and many more. The employees for these companies and others in Kitchener are always looking for starter homes and other properties.
Another force driving the Kitchener real estate market are the various higher education options, including Conestoga College and Emmanuel Bible College. These schools bring in plenty of students throughout the year, who are always looking for apartments and other rental properties. The University of Waterloo, which currently has a total of 36,000 undergraduate and 6,200 postgraduate students, is also located nearby.
Investing in Kitchener Real Estate
If you’re looking for a great investment opportunity in a city that’s always growing, be sure to consider Kitchener. The area has many beautiful homes and amazing commercial properties available for purchase. Kitchener is an especially great place for new investors to take a chance as there is plenty of tourism. The city also offers a huge diversity of jobs, plenty of educational opportunities and a large art scene that brings in new people every day. Be sure to take advantage of Kitchener’s current real estate options before prices start going up.
Kitchener Real Estate Professionals
We have searched high and low for real estate investing professionals in Kitchener. Below, you can find professionals we have researched and can confirm they specialize in working with Real Estate Investors.
To ensure the maximum success in real estate investing in Kitchener, or any city, you should always use professionals who understand and work with investors, you’re income depends on it.
This list may not fully list all the professionals in the area, but the ones we have personally looked into and that we would refer our clients to.
If you’re a Kitchener real estate professional and would like us to consider adding you to the list, please contact us.
Mortgage Broker
LendCity Mortgages – Website – Click to Email – Click to Call
Realtor
Dustin Forrester - Website - Click to Email - Click to Call
If you would like to learn more about investing in and financing Kitchener real estate, click the link below to book a free strategy call today.