When looking across the province, McKellar Park is the 105th most expensive in Ontario.
In Sep the median listed house price of $524,500 in McKellar Park was an impressive compared to the rest of Ontario.
From our data, it appears that neighbourhood is number 4555th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
As one of Ontario’s many potential real estate investment neighbourhoods, McKellar Park 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
Is McKellar Park a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in McKellar Park, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.