Spring 2016 has arrived, and with it, the spring real estate market. As the days get longer and market heats up, here are Jake’s thoughts on some the best areas to search for a home in Kingston.
First Time Home Buyers
“I like Henderson Place for first-time buyers and young families,” Jake says. The area stretches from Bath Road to Front Rd, and Days Rd to Bayridge Drive, near the Kingston Airport. “There are some really nice homes in this area, good schools, and a really wide price range, from the low $200Ks to the upper $400Ks.” It’s close to the water and for commuters, it’s a straight shot to downtown. “The ability to get into a nice home for around $250,000 makes this a great area to explore,” Jake says.
Up and Coming
Portsmouth Village may be one of Kingston’s oldest neighbourhoods, but it’s still got room to grow. “I love Portsmouth Village and the area right behind it, it’s really interesting,” Jake explains. With a new psychiatric hospital going in, it will soon be home to 200+ new professionals who will be looking to live and work in the area. “It’s right on the water, full of character, charm and history. People are renovating and restoring old brick and limestone buildings, putting money into the area, and with new storefronts opening, it’s developing its own downtown feel. There is a lot of potential in Portsmouth Village.”
The condo market in downtown Kingston is a hot topic right now, with new developments being proposed and discussed on Princess and Queen. But in the meantime, there are several existing buildings Jake likes. “The ‘Leeuwarden’ is located in an area with an industrial look and feel, with a view of the harbour and the boat building yard. With the proposed Wellington Street extension, this is an area that’s going to grow,” Jake says. “I also really like The Landmark, on Ontario Street. I think it’s undervalued compared to other buildings with the same great location and view.”
Young Families and Professionals
“Prices north of Princess and in the Fruit Belt are up, but there is still a lot of value in this area,” Jake says. He should know, he just sold his own home in the area. Getting to know the area is important here, as two blocks can make a big difference in the feel of this mixed neighbourhood. “You also need to consider the condition of the home,” he says. “These are older homes and it’s important to find one that’s been well maintained over the years.” Despite increases in value, Jake says you can live downtown in this area for under $300,000.
“There is so much going on downtown with new developments and it’s not clear yet what that will do to values,” Jake says. “I would look to the east end, especially Greenwood Park, where you can get a solid, semi-detached house for $250-275K.” There are plenty of tenants in this area thanks to the military base, and the homes are newer. “This an area where you can get good tenants, and watch your investment grow over 10-20 years. There are good schools, and the newer homes mean less repair and easier maintenance.”
If you are shopping for a home this spring in one of these areas or anywhere in Kingston, get in touch with Jake – firstname.lastname@example.org
NOTE: This is part of a blog launched by the Jake and Anne Caldwell Real Estate team. I’m Stephanie, and I’m a writer sharing some of my own thoughts as a homeowner, but mostly working with Jake and Anne to get their thoughts and expertise out into the world.