26 November 2014

Built in 1996 and managed by MF Property Management, Hartsland Hollows is a development of 60 – 3 and 4 bedroom townhome units, all with private driveways and attached single car garages. Situated on the corner of Edinburgh Road S. and Rodgers Road, this address has been an attractive location for investors looking to buy in the south end of Guelph.

• Average price per unit under $300,000
• Achieve the same rent levels as other developments in the area costing more to buy
• Directly across the street from Hartsland Plaza (Zehrs major tenant)
• On direct bus route to the University of Guelph

Since 2010, Hartsland Hollows has averaged a little more than six units sold per year.  Below are the statistics showing the average sale price for a home, the number ofunits sold and the annual inflation rate for the past five years.

• 2010

Average Sale Price | $233,260
Total Units Sold | 10
Percentage Increase in Sale Price (Year Over Year) | 12.33%

• 2011

Average Sale Price | $247,000
Total Units Sold | 4
Percentage Increase in Sale Price (Year Over Year) | 5.56%

• 2012                                                                                                                                   

Average Sale Price | $269,900 Total Units Sold | 1 Percentage Increase in Sale Price (Year Over Year) | 8.48%

• 2013

Average Sale Price | $274,213
Total Units Sold | 8
Percentage Increase in Sale Price (Year Over Year) | 1.57%

• 2014                                                                                                                                                 

Average Sale Price | $279,342 Total Units Sold | 9
Percentage Increase in Sale Price (Year Over Year) | 1.84%

While the percentage increase in price has softened over the past couple years for this development, I believe Hartsland Hollow is, and will continue to be a great investment moving forward, particularly when the average purchase price is less than or, equal to other developments in the area, yet achieving the same rents.