Downtown areas of Hamilton

[Andrej]

I have a house for sale near Hamilton General Hospital for $125k. 3 bed, 1 bath in good shape. From first glance the neighbourhood is troubled but you couldn't ask for better neighbours. It's time for us to move on. Shoot me a PM if you'd like more info or if you'd like to come have a look.

[HaroldCrump]

And that's why I am scratching my head. If the rental income flow is steady (enough students), I don't care if the prices don't appreciate.
In any case, it sounds like a good spot that I should add to my investigation when I visit next time.

Yeah, you are welcome to check it out in person.
I guess I just don't see the screaming bargains that you think are there.

As I said above, there are plenty of good reasons why the valuations are what they are.

The RE market in these parts is pretty efficient, so such market mis-pricings don't last very long, if they even arise in the first place.
If anything, this entire segment from Whitby/Oshawa in the east to Cambridge/Kitchener/Waterloo on the West is way over-priced.

caveat emptor

[crooked beat]

Well, if you have to drive from Hamilton to Toronto as you suggested, during the rush hours - it is not a pleasant drive at all.
......
Property taxes are high.
Many of the houses are dated, in need of maintenance, etc. and not a lot of new construction coming up.

Take a look at the south mountain, south of Rymal Road. Plenty of new houses going up. No that far from the LINC.

[thebomb]

Paling just a block south of Barton.... sketchy or not too bad?

Dependant on my budget and circumstances I might consider Paling. All the streets around there are hit or miss.

[thebomb]

It's mainly for investing. The fact that it has a university is what did it. Speaking of which I should probably look up Queens university area.

I have no idea how to do multipe quotes in 1 reply. Anyways I have an investement property in Westdale (West Hamilton) rented to McMaster University students. Cant beat it. Always rented, make a little profit each year. Part of the retirement portfolio....lots of good properties there. They also recently moved an engineering arm of the federal goverment close by from Ottawa. So lots of employees relocating. I believe its called CANMET. I would easily buy another if I had time to manage 2 rentals there.