If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Listowel Home Price
The $299,700 price tag on the median Listowel home means that it is above the cost of most houses in the country.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
According to our stats, Listowel is the neighbourhood that has the 128th most properties available to real estate investors in Ontario.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When looking across the province, Listowel is the 182th most expensive in Ontario.
The median house price listed in Listowel this month is $145,825.
Investors looking for properties in Listowel are most likely to find 1 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Listowel has a huge choice compared to the rest of the province
As one of Ontario’s many potential real estate investment neighbourhoods, Listowel needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
In Listowel, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
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