22 January 2015

Trafalgar Court – 37, 39, 41, 43, 45 Goodwin Drive, Guelph, Ontario

Trafalgar Court is made up of five – 4-storey condominium buildings located in the south end of Guelph adjacent to Clair Road West and Farley Drive.  Built between 2009 and 2010 by Reid’s Heritage Homes and managed by Inspriah Property Management Ltd., this development is made up of one, two and three-bedroom units.

Trafalgar Court was the first development of mid-rise condos to be built in South Guelph.  Since 2009, there have been several more of these mid-rise condos constructed by Reid’s Heritage Homes, Coletara and Solstice.

Is Trafalgar Court a Good Place to Invest in Guelph?

Since 2009 one, two and three bedroom units have increased in value on average by 4% annually.  Commonly purchased by first time home buyers, people with single incomes and investors; these units have generally been scooped up quickly when they come on the market.  There has definitely been a demand for them in previous years and builders continue to build more of them.  The questions that should be asked are; has South Guelph reached a saturation point when it comes to these types of condominiums?  Will these 4-storey condominiums continue to increase in value by an average of 4% annually as they have shown to in previous years?  In my opinion there will continue to be a demand for this style of condominium because of the entry level price point they fall into and the low maintenance lifestyle. However, I do not see these units maintaining an annual inflation rate of 4% going forward. With more buildings like Trafalgar Court continually breaking ground coupled with the recent and growing trend of ‘purpose built’ condominiums targeting students, and where newer is better, I foresee these units increasing in value more in the neighbourhood of 2% – 3% per year.

How does Trafalgar Court Compare to Other Similar Condominiums in South Guelph

• Closer to Pergola Commons Plaza and Clairfields Commons Plaza than any other mid-rise condominium in South Guelph.
• On direct Bus Route to University of Guelph with several bus stops within a stone’s throw
• Less than 5 minute walk to catch the Greyhound, or, Go Transit Bus. Closer than any other mid-rise condominium that is not located on Gordon Street.
• Does not have underground parking.  There are currently only two mid-rise buildings in South Guelph that offer underground parking at the time this article was written.  They are 2 Colonial Drive and 1440 Gordon Street.
• Units are generally the same size and same floor plans as many of the other mid-rise units in South Guelph.
• Lower price point than mid-rise units with underground parking.

List of businesses within 500 metres of Trafalgar Court:

• Banks
• TD Canada Trust
• Scotia Bank
• BMO
• RBC
• Meridian Credit Union
• Restaurants/Entertainment
• Galaxy Cinemas
• Shoeless Joe’s
• Starbucks
• Harvey’s
• Ptia Pit
• State and Main
• The Keg
• Shopping
• Zehrs
• Food Basics
• Shopper’s Drug Mart
• The Beerstore
• LCBO
• Health
• GoodLife Fitness

Below are the statistics showing the average sale price for one, two and three bedroom condominium units in Trafalgar Court, along with the number of units sold and the annual inflation rate for the past five years.

(1 Bedroom Unit)

2010
Average Sale Price | $161,249
Total Units Sold | 8
Percentage Increase in Sale Price (Year Over Year) | 5.21%

2011
Average Sale Price | $163,838
Total Units Sold | 16
Percentage Increase in Sale Price (Year Over Year) | 1.58%

2012
Average Sale Price | $177,250
Total Units Sold | 4
Percentage Increase in Sale Price (Year Over Year) | 7.57%

2013
Average Sale Price | $180,214
Total Units Sold | 7
Percentage Increase in Sale Price (Year Over Year) | 1.64%

2014
Average Sale Price | $187,429
Total Units Sold | 7
Percentage Increase in Sale Price (Year Over Year) | 3.85%

(2 Bedroom Unit)

2010
Average Sale Price | $184,900
Total Units Sold | 13
Percentage Increase in Sale Price (Year Over Year) | 2.02%

2011
Average Sale Price | $199,817
Total Units Sold | 12
Percentage Increase in Sale Price (Year Over Year) | 7.47%

2012
Average Sale Price | $211,875
Total Units Sold | 8
Percentage Increase in Sale Price (Year Over Year) | 5.69%

2013
Average Sale Price | $216,271
Total Units Sold | 14
Percentage Increase in Sale Price (Year Over Year) | 2.03%

2014
Average Sale Price | $224,210
Total Units Sold | 7
Percentage Increase in Sale Price (Year Over Year) | 3.54%

(3 Bedroom Unit)

2010
Average Sale Price | $214,631
Total Units Sold | 6
Percentage Increase in Sale Price (Year Over Year) | 3.70%

2011
Average Sale Price | $235,000
Total Units Sold | 3
Percentage Increase in Sale Price (Year Over Year) | 8.67%

2012
Average Sale Price | $247,000
Total Units Sold | 4
Percentage Increase in Sale Price (Year Over Year) | 4.86%

2013
Average Sale Price | $251,200
Total Units Sold | 5
Percentage Increase in Sale Price (Year Over Year) | 1.67%

2014
Average Sale Price | $259,500
Total Units Sold | 5
Percentage Increase in Sale Price (Year Over Year) | 3.20%

For those owners interested in taking a more hands off approach to their investment properties you may contact Mark Roberts – President of Inspirah Rental Management Ltd. at (888) 407-3886, or, go to www.inspirah.com.  Inspirah Rental Management Ltd. will look after the renting and maintenance of your home.

Experience the TW Difference.