Enniskillen, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Enniskillen, Ontario is currently characterized by a steady growth in property values. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for houses in the area, likely driven by both local buyers and those looking to move away from more urban centers.
The apartment sector is also showing positive trends, albeit at a slower pace. The median apartment price stands at $300,000, with an annual appreciation rate of 2.1%. This moderate growth suggests a stable investment environment for multi-family units.
The population of Enniskillen has reached approximately 15,000, with a robust growth rate of 7.1%. This demographic expansion is a strong driver for housing demand and contributes to the overall health of the real estate market.
Investment Opportunities and Potential
Given the steady increase in both house and apartment prices, Enniskillen presents several attractive opportunities for real estate investors. The continued population growth suggests that rental properties could see sustained demand, particularly as new residents seek housing options.
The current appreciation rates are promising for long-term investments. Single-family homes offer the potential for capital gains, while apartments provide an opportunity to tap into the rental market. Investors should consider diversifying their portfolios to include properties that cater to different segments of the market.
In light of these trends, areas that are currently underdeveloped or slated for future development could be particularly lucrative. Smart investments in these regions could yield substantial returns as the local real estate market continues to mature.
Future Market Outlook
The outlook for Enniskillen’s real estate market remains optimistic. Population growth is expected to maintain its momentum, thereby supporting demand for housing. If current trends persist, we can anticipate further increases in property values across both housing and apartment sectors.
However, investors should remain vigilant regarding economic factors that could affect interest rates and borrowing costs. Additionally, it’s important to monitor municipal developments like zoning changes or infrastructure projects that may impact property values.
In conclusion, Enniskillen represents a robust market with potential for solid investment returns. By staying informed on local trends and maintaining a strategic approach to property acquisition and management, investors can capitalize on the opportunities this Ontario community has to offer.
