Real Estate Investment in Stratford: The city offers its citizens plenty of amenities including public transportation and excellent education options, including the Stratford University of Waterloo School. Currently, the median annual income for households in Stratford is $64,772.
Stratford’s downtown area is a hub of business and culture, where you’ll find many excellent restaurants and eclectic shops. Stratford’s downtown area also hosts many fun events throughout the year.
Real Estate Professionals and Real Estate Investment in Stratford
We’ve searched high and low for real estate investing professionals in Stratford. Below, you can find the professionals we’ve researched and can confirm are experts in working with real estate investors.
To ensure maximum success in real estate investing in Stratford or any city, you should always use professionals who understand and work with investors who depend on your income.
Stratford has a strong economy with a diversity of jobs
Many people come to Stratford for its strong economy and job outlook. They have a large variety of prevalent industries including manufacturing, digital technology, agriculture, financial and commercial. While manufacturing is one of the larger industries in Stratford, much of the city’s success comes from its tourism industry.
Many people come to Stratford for its current local festivals, diverse restaurants, beautiful natural attractions, and more.
Stratford has several large companies that employ many of its citizens, including the Royal Bank of Canada.
Real estate in Stratford
Like most cities in Canada, Stratford has seen a rise in housing prices over the past decade. As of the 2016 census, housing prices in Stratford averaged $316,340, with single-detached house structures making up most of the market. Fares in Stratford have also risen over the years, although it is still lower than in many other Canadian cities. On average, the rental price for a one-bedroom apartment in Stratford appears to be somewhere between $900 per month and $1,300 per month. Stratford also has several commercial buildings that can be bought or rented.
A center for arts and culture
As you can tell based on Stratford’s many arts festivals, this is a great city to enjoy local art. The city is home to many public galleries, studios, and other artistic attractions. Gallery Stratford is one such artistic hotspot that brings in art lovers from all over Canada. Hosting rotating exhibitions featuring regional art, Gallery Stratford features gallery spaces as well as an open studio.
If you’re looking for a huge variety of local art, be sure to stroll the Stratford Public Art Walk, which houses many of the city’s wonderful galleries.
People of all ages always have a great time at the Stratford Perth Museum, which houses over 20,000 artifacts from Stratford’s entire history. Rotating exhibitions are displayed at the museum, along with a Brooks steam car and a print shop. The nearly 200-year-old exhibition is housed within the Stratford Perth Museum.
Thanks to the many arts, culture, and outdoor opportunities, Stratford is the perfect location for vacation and short-term rentals.
Investing in Stratford
As you can see, there are many reasons to invest in Stratford, Ontario. It is a city on a constant rise thanks to its thriving arts community, popular annual festivals, vibrant downtown area, and more. Most importantly, the city is full of economic possibilities, thanks to its huge variety and many real estate options.
Single-detached homes are the main housing type, representing the majority of buildings in Stratford, while smaller apartment buildings and townhouses make up the majority of the remaining housing stock. The city also has a good choice of housing sizes; properties ranging from lofts to four or more bedrooms are fairly easy to find.
About two-thirds of the city’s population owns a house while the rest are tenants. The houses in the city are quite old as about 40% of its dwellings were built before the 1960s, while most of the remaining buildings were constructed in the 1960s and 2000s.
Real estate market in Stratford
Looking at the entire province, Stratford is the 509th most expensive in Ontario.
The average Stratford home price in August was $319,900, roughly average compared to the rest of Ontario.
Investors looking for properties in Stratford can expect 3-bedroom homes to be offered this month, with 2-bedroom potential investment properties being the second most popular.
Stratford has the 90th most properties on offer in the whole of Ontario with 1145.
Driving is usually the best mode of transport in this city. Very convenient to come to the place to park. Stratford is not very friendly for people who travel on foot because meeting daily needs makes walking uncomfortable.
Buying groceries on foot is often an option for property owners in Stratford. Residents also benefit from over 100 restaurants and cafes.
When it comes to education, parents and their children will value proximity to primary schools, which are within walking distance of most homes for sale in Stratford. On the other hand, getting to high school on foot can be challenging. Parents have a choice of government and private schools at both primary and secondary levels.
Stratford is now one of the best places to live in the City of London. It is a vibrant and vibrant community that is a perfect place to stay for families and singles alike. There are a plethora of facilities in the area. Queen Elizabeth Park is here, as is the London Aquatics Centre.
It is also packed with the best shopping and leisure facilities. Westfield Stratford City provides an opportunity for people to relax and refuel all in one place. With over 250 shops, several restaurants, and a cinema, it is a retail dream.
With the ongoing development in this area, we are likely to find even more opportunities and facilities here in the coming years. Infrastructure is also being improved and with the introduction of the Crossrail later this year, traffic to and from Stratford will be fully expedited.
Know the complete information about Businesses and Real Estate Investment in Stratford at https://www.stratford.ca/