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Looking for condo for sale in London Ontario is a great way to own a property without sacrificing a lot of money. If you’re planning on renting out your condo, you might even be able to earn up to four percent in rental yields. If you’re planning on purchasing a condo, read on to learn more about the best places to look.
Downtown BIA
BIA stands for Business Improvement Association and their board of directors are responsible for implementing the most noteworthy initiatives. A BIA is also a good place to start if you are interested in getting into the real estate game. BIA properties range from single family homes to high rises, making them a good choice for first time homebuyers and investors alike. The average BIA property cost around $3 million. BIA properties also happen to be a short walk to Calgary’s downtown business core, with a population of over 400,000 people. This makes a BIA condo the ideal option for those with a budget and a keen eye.
The BIA may be small in stature, but it does play host to some of the most notable organizations in the city, namely the Calgary Chamber of Commerce, and a host of other organizations that represent the true business and civic minds of Calgary. A BIA condo is also an ideal location for those looking to raise a family or relocate. The city is home to many quality schools, as well as a wealth of public amenities and services.
Byron
Byron, Ontario is a residential neighbourhood in London, Ontario. It is located near the Thames River and is known for its peaceful atmosphere. Its population is estimated to be about 15,500. It is a popular family destination. There are many public green spaces in the area, such as Summercrest Park and Somerset Woods.
Byron is considered a middle-income area. Most residents own their homes. The average household income is $64,525. The average price of a home is $312,896. The housing market in Byron is dominated by single family detached homes. There are also a few detached condominium complexes in the area.
Byron is a small town with a village-like feel. The core of the village is filled with professional offices, dry cleaners, jewelry stores, coffee shops, and more. There are also several schools in the area.
Central London
Looking for condo for sale in London Ontario is a great way to get into the city without breaking the bank. These properties are close to parks, businesses, and schools. They are also easy to get to. Aside from the usual suspects, you’ll be able to find restaurants, shops, and a grocery store on your doorstep.
The most obvious benefit of living in Central London is the proximity to the city’s best and most interesting museums, shops, and parks. You’ll be able to catch a flick at the British Film Institute, or grab some lunch at one of the many local eateries. If you’re in the mood for some serious retail therapy, you’ll be able to shop at the world-famous Harrods department store.
It’s also worth noting that Central London isn’t as congested as its neighbor, Canary Wharf, and is a relatively quiet place to live. You’ll also be able to take advantage of the transit options, including 20 bus routes in the area.
Up to 4% rental yields
Buying a home is a big commitment. However, there are some things you should know before you jump into the pool. For example, you may not need to spend a fortune to be a homeowner. And if you have to, you might be better off renting. But there are still some benefits to owning your own home, even if you have to do some maintenance yourself.
The most important thing to remember when buying a home is to be smart about the money you spend. You might need a large deposit, but you can usually get a mortgage with a decent interest rate. Also, you can keep your home in great condition by hiring a maintenance person or a real estate agent.
In the city of London, the average rent is less than half the average price of a home in the Greater Toronto Area. The city is also home to eight golf courses, which is a plus for a renter.
Buying a condo
Looking for condo for sale in London Ontario offers a variety of options for those who are looking to buy a home. There are many different styles to choose from, as well as great amenities. Condos can provide a nice lifestyle and are usually within walking distance to shopping malls, schools, and parks.
London is home to many well-known Canadian talents in the arts, sports, and academia. The city is also known for its natural parks and woodlands.
The prices of homes in London vary according to the neighbourhood in which they are located. The highest housing prices are found in London North, where the average price of a home is $451,556, while the lowest is found in St. Thomas, where it is $288,723.
The cost of homes in London, Ontario has increased considerably over the past few years, but there is still a wide range of affordability. For example, a home that was bought nine years ago for $281,500 could be purchased for $310,000 today.
