Kenilworth, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kenilworth, Ontario, currently showcases a steady growth pattern. The median house price in the area sits at $525,000, which represents a 4% year-over-year increase. This suggests a healthy appreciation in property values, indicative of a seller’s market. On the other hand, the median apartment price is $320,000, with a slightly more modest year-over-year growth of 2.5%. These incremental climbs point towards sustainable growth rather than an overheated market.
Demand for housing in Kenilworth is also reflected in its population growth, which has recently been reported at 3.3%. This influx of residents can be attributed to factors such as the town’s appeal to families and professionals alike, seeking a balanced lifestyle away from the bustle of major metropolitan areas while still desiring convenient access to amenities and employment opportunities.
Investment Opportunities and Potential
The consistent uptick in property values coupled with a healthy population growth presents attractive opportunities for real estate investors. Single-family homes, given their higher appreciation rate, offer potential for both long-term capital gains and rental income. As the population grows, there will likely be an increased demand for rental properties, particularly among new residents not yet ready to purchase homes in Kenilworth.
Apartments present a more accessible entry point for investors due to their lower median price. With a 2.5% annual appreciation rate, they offer a relatively stable investment option with the potential for passive income through rentals. Investors should also note that as the town expands and attracts more residents, there could be opportunities for new development projects to meet the rising housing demand.
Future Market Outlook
Looking ahead, the real estate market in Kenilworth appears poised for continued growth. The town’s current trajectory suggests that property values will likely maintain their upward trend, albeit at a sustainable pace that mitigates the risk of an abrupt market correction. The strong population growth rate further reinforces this outlook as it drives ongoing demand for housing.
However, investors and homebuyers should remain aware of external economic factors such as interest rates and national economic health that may impact local real estate markets. Despite these considerations, Kenilworth’s market fundamentals—steady price growth, demographic expansion, and lifestyle appeal—indicate that it remains an attractive locale for both residential living and real estate investment.
