In short: yes, even though prices throughout the GTA are rapidly climbing.
There are neighbourhoods that I feel are undervalued, and there are neighbourhoods where there is still affordable real estate. Find an area that has both, and there you have an area that is most-certainly up-and-coming.
Today, I want to look at a small pocket of bungalows, all on 35 to 45 foot lots, just northeast of the Queensway & Islington.
Development has already started, and this street is going to look a whole lot different in ten years…
Here’s a map of the area I’m talking about in the video:
If you go north of there, you’re in Norseman Heights, which is also a great area.
But Norseman Heights is already somewhat established, and the real estate prices show it.
If we’re truly looking for “up-and-coming,” then you have to head further south, and thus we end up in the highlighted area.
The last sale for a bungalow on Lady Bank Road was in June of 2015 for $745,000, on a 41 x 131 foot lot.
That’s fantastic value, both immediate, and long term.
On my way to an appointment on Friday night, I also shot a quick video of the houses on Van Dusen Boulevard – same sort of idea, just a more established area, thus higher prices.
That, and it was way darker, so excuse the less-than-average quality video…