Coboconk was Canada’s 476th most expensive suburb by listed median house price this month.
With Coboconk’s median house price at $479,000 in Aug , it is high priced compared to the rest of Ontario.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Ontario has the most amount of properties available to property investors, with Coboconk having 470th most in the province, out of a total of 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Coboconk 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.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
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.