13 November 2014

Constructed between 2004 and 2006, Gordon Gate is a development of 130 townhome units, all with private driveways and attached single car garages.  Located in Guelph’s south end between Edinburgh Road South and Harts Lane, Gordon Gate sits on one of only three major north/south arteries into and out of the city and is the only major artery to pass directly through the centre of the University of Guelph. Gordon Gate is currently one of the closer residential developments in terms of proximity to the U of G, but, finds itself a little further away than some other developments in terms of some shopping centres, albeit still within walking distance.

Managed by Inspirah Property Management Ltd. and Inspirah Rental Management Ltd., Gordon Gate has turned out to be another attractive place where people have chosen to invest in, with the past five years showing an average year over year inflation rate of 5% and 2010 being the highest at 7.54% over the previous year.

Several of these investors have also found great value in choosing to utilize the services offered by Inspirah Rental Management Ltd. to take care of the leasing and upkeep of their properties.

Since 2010, an average of 5.6 townhomes a year have been sold in Gordon Gate.  Below are the average sale prices, number of units sold and the annual inflation rate year over year for 1155 Gordon Street.

The numbers:

• 2010

Average Sale Price | $272,930 Total Volume of Units Sold | 10 Percentage Increase in Sale Price (Year Over Year) | 7.54%

• 2011

Average Sale Price | $286,400 Total Volume of Units Sold | 4 Percentage Increase in Sale Price (Year Over Year) | 4.70%

• 2012

Average Sale Price | $297,000 Total Volume of Units Sold | 3 Percentage Increase in Sale Price (Year Over Year) | 3.57%

• 2013

Average Sale Price | $313,333 Total Volume of Units Sold | 3 Percentage Increase in Sale Price (Year Over Year) | 5.21%

• 2014

Average Sale Price | $326,238 Total Volume of Units Sold | 8 Percentage Increase in Sale Price (Year Over Year) | 3.96%

Although, the trend shows inflation rates climbing at a slower rate, it is my opinion Gordon Gate will still be a viable place for people to invest in moving forward, particularly with interest rates supposed to remain steady for the foreseeable future, the relative cost of borrowing low and condo fees under $200/mth.

Other reasons why investing in Hanlon Creek makes good financial sense:

• Established and efficiently run Property Management Company – Inspriah Property Management Ltd.
• Low condominium fees (currently hovering around $200/mth)
• Grounds and buildings well maintained
• Close proximity to the University of Guelph
• Direct access to Hwy 401, U of G and shopping centres
• On bus route serviced by City of Guelph Transit, Go Bus Transit and Greyhound
• U of G enrollments levels continue to steadily climb
• Low interest rates for the foreseeable future.