Are you looking to invest in real estate outside of Toronto’s borders? If so, you may want to consider Hamilton. Once thought of as a blue-collar town, this city of Hamilton is now known for its buzz-worthy shops and eateries, exciting art and cultural events, and a unique mix of neighbourhoods. In the last few years, the local real estate market has also really taken off—and part of the reason for that is the incredible investment opportunities it offers.
If you’re thinking of investing in Hamilton, here are five communities to consider…
Let’s start with a multicultural community that has a rich history and a whole lot of heart. Beasley is a Lower City gem with all the elements of an up-and-coming community. To start with, it’s one of Hamilton’s oldest and most central neighbourhoods. Here’s you’ll find heritage buildings and Victorian homes, along with an abundance of schools, parks, and hip local businesses. It’s no wonder real estate prices are on the rise—making Beasley a great bet for investors seeking a high return!
Like Beasley, Corktown is a historic neighbourhood near the centre of it all. The area boasts turn-of-the-century homes, pretty green spaces (including the expansive Corktown Park), and proximity to the vibrant restaurants and bars on Augusta Street. The Hamilton GO Station also sits within the community’s boundaries, which is a major advantage for locals seeking convenient transportation—and investors who want to rent to them. At this point, you can’t call Corktown up-and-coming. The area has officially arrived.
3) North End
North End Hamilton used to have a gritty reputation, but that’s changing quickly. Between the new West Harbour GO Station and the exciting eateries along nearby King Willam (a street that’s recently earned the title of “Restaurant Row”), the popularity of this pocket of the city is on the rise. You know an area is a great place to invest when creative types start moving in! As the Waterfront Project moves forward—bringing condos, retail, and public outdoor space to the neighbourhood—the North End’s momentum will only continue to grow.
If it’s a great value you’re after, Gibson might just be your ideal neighbourhood. Not far from downtown, this relatively affordable area boasts a mix of Victorian and post-war homes. Here you’ll find about an equal split between buyers and renters, which is perfect if you’re looking to take on tenants now and sell for a healthy return later. Put simply, Gibson is perfect for those looking to get a foothold in the market (in particular, King and Main Streets are ideal places to park your real estate dollars).
5) St. Clair
South Central Hamilton is the site of a wonderful neighbourhood that students and budget-conscious families will love. Pretty older homes, tree-lined streets, and an all-around friendly feel make St. Clair a great place to call home. One of the area’s big draws is its proximity to Gage Park, the Bruce Trail, and a variety of other community green spaces. Of course, there’s another side to this neighbourhood’s appeal. A desirable downtown location and closeness to city campuses make it ideal for young renters who want to experience all that the city has to offer.
Thinking about investing in real estate in the near future? Reach out to learn what’s happening in the market—and what it means for you.