If you are one of the many people who are thinking of buying a new house or condo in the city of Kingston, you probably have a lot of questions about its real estate market. Here is an overview of how market conditions there compare to other nearby areas. With some research and effort, you will familiarize yourself with the wonderful opportunities that owning a Kingston property can provide.
For families, three-bedroom, detached, brick houses average $370,000 in Kingston, similar to listings in similarly-sized cities. Listings for semi-detached brownstones and duplexes are on par with what one would expect to pay for Oakville, Burlington or Brampton townhouses. A waterfront property located five minutes from downtown Kingston is of exceptionally good value. A two bedroom home on a spacious lot along the Rideau Canal can be found for as little as $270,000.
To find or purchase a modern, year-round waterfront home in an area closer to Toronto would cost at least twice as much, not including property taxes, making it unobtainable for many people. As well, a Guelph or Oakville real estate agent will not have the volume of older, historic properties available to show you. If you are looking for a red-brick Victorian home, you will find the streets of historic Kingston lined with them.
A 16 acre lot with a four-bedroom home can be found on Silver Lake for just $560,000. By comparison, a similar piece of Oakville Ontario real estate would cost twice as much. For those seeking smaller or starter properties, one- and two-bedroom starter homes can be found outside of the downtown core for as little as $100,000
Kingston has one of the healthiest and fastest-growing condominium markets in Canada. You will find that there are a large number of converted lofts and commercial spaces, beautiful industrial brick and beam units. Old schools, hydro plants and dock warehouses have all recently been transformed into condos. There are also brand new buildings frequently arising throughout the city. There, you can find all of the luxury of condos like Toronto's 18 Yorkville at a great value. Kingston's condos benefit from brilliant vistas of the Rideau Canal and the historic landmarks of the city.
Two-bedroom condos in Kingston start at $200,000. Similar listings in downtown Montreal, Calgary or at Yonge and Bloor in Toronto would cost almost twice as much. If you are considering living in Kingston so as to have access to other cities in Eastern Ontario, consider some of the great listings in the cities north end. These properties are increasingly attractive to people who want to enjoy Kingston living while having easy access to areas like Brockville, Montreal and Ottawa.
With some research and effort you will find that Kingston's listings are aggressively, competitively and fairly valued. Like many people, you are sure to find a listing that meets your needs, tastes and budget. | 