Recently voted the best place to live by MoneySense, Oakville is a great place to call home for families of any size. The city of over 200,000 people has all the perks of big city living, yet maintains the appeal of a small town. With streets lined with historical homes, a bustling downtown core and an increasingly hot condo market, the city of Oakville is a perfect place to invest in a condo whether it’s to live in yourself, to purchase for an investment flip, or as a rental property.
What makes Oakville a great place to invest
If you’re looking to buy a condo in Oakville to live, renovate and re-sell, or rent out – then call the specialists today!
It is an affluent community
The average household income in Oakville is $162,000, which places it as the 10th highest in the country, and the average home value is $1.2 million. Investing in a condo here places you in one of the forefront communities in Canada.
Oakville offers great schools
With 27 public elementary schools and 12 secondary schools in Oakville, there is no shortage of choice when it comes to where to send your kids.
There is easy access to GTA
With the QEW, the 403 and 407 running right through Oakville, getting into the GTA is easy, should you want to. The multiple GO Transit stations throughout the community make public transit a cinch, too.
Downtown offers amazing boutique shopping
In the historic downtown core, along the shores of Lake Ontario, residents will walk along streets lined with old buildings converted into over 400 shops, restaurants and services.
Abundance of cultural activities
There is no shortage of things to do in Oakville. Residents have easy access to GTA, but probably won’t even need it with all the amenities in this community! From the Oakville Center for the Performing Arts that hosts theatre events, dance shows and music and comedy performances to the Oakville Museum located in the former home of Oakville’s founding family, the culture game is strong here. Residents can also enjoy a sports complex, a community center and a variety of galleries and historical societies.
Plenty of outdoor activities
Oakville is home to two annual festivals- Ribfest and Jazz Festival- that both draw in attendees from all around the GTA. The community also features many golf courses, tons of park space, hiking trails and two harbours for boaters.
Excellent parks & pathways system
With the Great Lakes Waterfront Trail running right through the edge of Oakville the city is well connected to the rest of the GTA for those who enjoy a good walk or bike ride. This partially paved, partially gravel pathway stretches over 3000km and connects 140 communities along the shores of the Great Lakes.
Property value is on the rise
With the average home price in the GTA increasing steadily year over year, buying a home in Oakville is a great investment. Property value here is also increasing each year as homebuyers are looking to get out of the bustling city of Toronto, and create a home in a smaller community with a complete list of amenities.
With housing market history showing a 5% price appreciation over the last year, 50% over 5 years and a whopping 125% appreciation over 10 years, investing in a home in Oakville obviously a great long-term investment.
An investment in Oakville is a good choice
Whether you are wanting to buy a condo to live in yourself or you’re looking for an investment property to flip or rent, you really can’t go wrong with purchasing in Oakville. This city is the perfect mix of big city and small community, so your purchase is sure to be a good one. And with property value only increasing over time, your investment is bound to pay off.
Oakville pre-Construction condos are a great investment
Buying a pre-construction condo like the upcoming Distrikt Trailside Condos, whether as an investment property to flip, rent out or live in yourself, is a great choice when considering cost of investment. Getting in early allows you to make decisions about your floorplan, unit location, parking spots and even get some early-purchasing incentives. All of these benefits ultimately factor in to your purchase price and investment potential, so it’s a great option in order to get the most out of your purchase.