Kingston, Ontario

[coolguy]

Hey Folks,
What do you all think about investing in Kingston, ON.
thanks,

 

[Tina Myrvang]

Very good question.

 

[Ryan10368]

I had a house there from 2009 to 2013. It was a 3 bed 2 bath 25min walk from Queen's University. It cash flowed about $350. I think I paid $300k for it. I was a student there and I bought a little further from the university than most as those properties were about $1M in an area nicknamed "The Ghetto". Most properties near the university had a bad reputation of being run by slum lords.

It's been a few years since I've been there but I would suspect there are some good oportunitues for student rentals there. That was my first home and I walked away debt free from University because of it. That what got me interested in real estate.



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[darkness05]

I spent 32 years in Kingston and just recently sold my last condo there a a few weeks ago. I have been living in BC for 8 years now so my knowledge of the market is limited, but I have heard that it is picking up. Kingston has always had very slow and steady growth. So many public service jobs (9+ prison, 2 large hospitals, 3 large schools and countless other govt jobs) keep it very stable and predictable.

I got out because the hassles were just not worth the returns. The fact that you can't even take a security deposit for your rental is mind blowing to me. Plus the insane property taxes. I pay almost half here in BC vs Ontario for a similar priced home/condo.