Jake Paterson Real Estate

Waterloo Region Market Update for May 2024!

In May, we saw 742 homes sold through the MLS in Waterloo Region, this reflects now 6 consecutive months with an increase in the total number of homes sold, dating back to December. This combined with The Bank of Canada’s recent interest rate reduction, indicates the market is steadily picking up as we continue to head toward the summer months.

If you’re considering buying or selling your home, or if you want to know more about how these market statistics may affect you. Reach out today!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

SOLD!

#139 - 6 Ramblings Way Collingwood, ON.

Congratulations to my amazing clients on their recent condo purchase in Collingwood ON! This condo offers a great location close to both Downtown Collingwood, and Blue Mountain Village, along with having stunning views of Georgian Bay. Here’s to many unforgettable memories in your new condo!

We help our clients find the perfect place to call home, both for primary residences and vacation properties!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

Today The Bank Of Canada announced a 0.25% Policy Interest Rate Reduction, from 5% down to 4.75%. Please see attached the full article below:

https://www.bankofcanada.ca/2024/06/fad-press-release-2024-06-05/?fbclid=IwZXh0bgNhZW0CMTAAAR127F53xT8GVDaaFYpES0UPJQeUTfTyZm-a_z1jk4rNd9H8ZHHe-cYR9c8_aem_Adyr6mRFp4lYQIl5gB6cS_9KaEm_e4O14r-6wIePSVtvY9-ZaL9m0DcDHRnMalgmRs3_ONalOx81BeooM110UKo2

If you have any questions how this announcement may affect your situation, contact me today!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

LEASED!

#412- 107 Roger St. Waterloo, ON.

I’m very happy for my clients on recently securing a great new rental unit located in Waterloo. This unit is brand new and has never been lived in before, with modern finishes, and in suite laundry. It also offers a great location close to both Uptown Waterloo and Downtown Kitchener.

We help our clients find the perfect place to call home, both when buying or leasing!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

ANOTHER HOME SOLD in Baden!

Congratulations to our clients on the successful sale of their home, with multiple offers, in the community of Baden! With a short move across town coming up, it was time to get this home showing its best and ready for the market. The result speaks for itself at a time when other properties in Baden were holding offer presentation dates but failing to sell!

Yes, we helps our clients to sell their home for a great price and find a new home that they love!

LEASED!

#1- 137 Oriole St. Waterloo, ON.

I’m very happy for my clients on recently securing a great new tenant for their investment property located in Waterloo. This unit was previously rented as a short term rental on Airbnb. It seems the K/W short term rental market is over saturated, leaving nightly rental rates to be decreasing. With this, my clients decided to convert the unit back to a long term rental. In order to provide consistent monthly income, greater than what the unit was generating as a short term rental.

We help real estate investors evaluate their current investment portfolio, along with providing options as to what would be the best strategy moving forward. In order to make any investment a positive one!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

🏠 Airbnb Vs. Long-Term Rental. What Is The Better Option For You!

Deciding between Airbnb or Long-Term Rental? It’s a difficult decision, and there is definitely a lot to consider. I have owned and managed both an Airbnb and Long-Term Rentals, and there are some benefits and negatives to both. I also recently helped 2 separate clients convert their Airbnb units back to traditional Long-Term Rentals. In the end, the decision will come down to the location and your goal both in the short term and long term with the property. Let’s dive into some of the major pro’s and con’s to consider when deciding on an investment strategy.

🏘️Airbnb:

Benefits:

1️⃣ Flexible Income: Renting out your space on Airbnb as a short term rental can offer higher nightly rates, especially in tourist destinations or during peak seasons. Offering the potential to make more cash flow each month.

2️⃣ Control & Flexibility: You have the freedom to block off dates for personal use, which can be a huge benefit. You also have the freedom to set your own rules for guests.

Negatives:

1️⃣ Uncertain Income: Demand can fluctuate, which can leave your unit siting vacate for multiple days or weeks at a time, in the end this can greatly impact your income month to month.

2️⃣ Regulations: Depending on your location, there may be legal restrictions or taxes to consider. With some cities and residential complexes fully restricting Airbnb, it is something to be very cautious of.

🏡 Long-Term Rental:

Benefits:

1️⃣ Stable Income: Long-Term Rentals provide consistent monthly rent payments, offering financial stability month after month.

2️⃣ Less Maintenance: With fewer turnovers, maintenance and cleaning is generally much less frequent. Offering a more passive approach to investing in real estate.

Negatives:

1️⃣ Limited Flexibility: Once you’ve signed a lease, you’re committed both the the lease and the tenant for the duration.

2️⃣Wear & Tear: Extended stays can result in more wear and tear on your property, with less access to the unit.

If you have any questions, or if you’re considering Investment Real Estate, reach out today!

Phone: 226 880-1840
Email: [email protected]

Waterloo Region Market Update for March 2024!

In February, we saw an increase in the average sale price across the board in Waterloo Region. With 1,023 new listings, up from 880 new listings in February 2024, and 720 new listings in January 2024, as we are starting to see more sellers come back into the marketplace. Also, with consecutive months of growth for Detached Homes, Townhouses, and Condo’s, there is an early indication that the market might be beginning to shift as we continue into the spring.

If you’re considering buying or selling your home, or if you want to know more about how these market statistics may affect you. Reach out today!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

LEASED!

#3- 486 Highland Rd. E, ON.

Congratulations to my client on securing a great new tenant for their rental property located in Kitchener. After recently purchasing this triplex as an investment property, we were able to help our client, an out of town landlord, secure a promising tenant. Now with a fully tenanted building, our client can enjoy all of the benefits of passively investing in Real Estate!

We help investors market their properties, thoroughly screen potential tenants, along with finalizing a lease, in order to make any investment a positive one!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

LEASED!

#607- 280 Lester St. Waterloo, ON.

Congratulations to my clients on securing a modern 1 bedroom, 1 bathroom unit located right in the hear of Campus in Waterloo. The perfect place to begin their Masters and Residency Programs. Just a few minute walk to many restaurants, shops, and more, along with having a great view of Waterloo!

We help our clients find the perfect place to call home, both when buying and leasing!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

ANOTHER HOME SOLD in Cambridge!

Congratulations to our latest Seller who sold for $50k more than our assessed market value! With our hands-on help preparing her home and tough negotiation on a pre-emptive offer, our Seller received more than some other agents could even believe. We're so happy we could be a step in her journey of moving closer to her children and grandchildren!

Yes, we help Sellers maximize their sale value in Cambridge.

Waterloo Region Market Update for February 2024!

In February we saw 485 homes sold through the MLS in Waterloo Region compared to just 375 sold in January. We also saw a fair decrease in the number of days on market before selling, down to 23 days compared 33 days on market in January. We are also noticing a larger amount of listings being sold firm, above the asking price, and through an offer presentation. All indications that the market may be beginning to shift as we head into the spring & summer.

The Bank of Canada also held still at the current interest rate, for the 5th consecutive time during their most recent interest rate announcement. The next announcement from the Bank of Canada will be on April 10th, 2024.

If you have any questions, or want to know more about how these market statistics may affect you. Reach out today!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

📍63 Cameron St. N. #1 Kitchener ON.

$1,600/ Monthly + Hydro

Welcome to 63 Cameron St. N #1 Kitchener ON. This 1 Bedroom 1 Bathroom unit has been completed renovated from top to bottom. The unit includes a modern kitchen, updated bathroom, washer/dryer in unit, and additional storage space. It is also located in a great location, just steps away from Downtown Kitchener, and close to both the Go Train and multiple LRT stops, great for commuters. Gas & water are included, hydro is separate. Move in ready starting March 1, 2024. No Parking Available.

If you or anyone you know is looking for a great unit in a great location, contact me today!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

📍9 York St. #1 Kitchener ON.

$2,750/ Monthly + Hydro

Welcome to 9 York St. Kitchener. This recently updated 3 bedroom 1 bathroom unit includes a modern kitchen, 3 spacious bedrooms with large windows, allowing for ample natural light, beautiful indoor living area, 1 bathroom, washer/dryer in building. As well as a great location, walking distance to Downtown Kitchener, and close to both the Go Train and LRT, great for commuters. Gas & water are included, hydro is separate. Move in ready starting March 1, 2024.

For more information or to book a private showing, contact me today!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

📍137 Oriole St. #1 Waterloo ON.

$2,500/ Monthly Fully Furnished

Welcome to 137 Oriole St. Waterloo. This beautiful fully furnished & spacious 2 bedroom plus den 1 bathroom unit is located close to both Uptown Waterloo & Downtown Kitchener. The unit Includes a large indoor living space, 2 bedrooms plus a den which could easily be used as a 3rd bedroom or office, updated bathroom, washer/dryer in unit, as well as a covered back deck, and private backyard. Move in ready starting March 1, 2024.

For more information or to book a private showing, contact me today!

Phone: 226 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

Waterloo Region Market Update for January 2024!

In January we saw 375 homes sold through the MLS in Waterloo Region. With an increase in the average sale price for detached homes, semi-detached homes, and townhouses, with a decrease in the average sale price for condominiums, when compared to December 2023. The average number of days on market to sell across the board held steady at 33 days, compared to 30 days on market in December. We saw some strength and activity back in the market in January with buyers and sellers starting to re-emerge after a relatively quiet November and December.

If you have any questions, or want to know more about how these market statistics may affect you. Reach out today!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

LEASED!

📍90 Well St. Stratford, ON.

Very happy to have been able to secure a highly qualified tenant for this investment property located in Downtown Stratford. Our client was a first time investor, and we were able to take the stress of finding a tenant off his plate. Now with a long term tenant secured, our client can enjoy the consistent income month after month.

We help investors market their properties, thoroughly screen potential tenants, along with finalizing the lease, in order to make any investment a positive one! If you or anyone you know needs help leasing their property, reach out today!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

📍90 Well St. #1 Stratford, ON.

$2,600/ Monthly All Inclusive

Welcome to 90 Well St. A charming century house available for rent in the heart of Stratford, ON. This ideal location offers the convenience of being within walking distance to numerous restaurants, cafe’s, shops, the Theatres, Stratford Public Library, and much more. Features include a newly updated kitchen with brand new cabinetry, large windows throughout allowing for ample natural light, spacious living room with a cozy fireplace, 3 bedrooms upstairs, and in-suite laundry. Outside you’ll find a private outdoor living space, as well as 3+ driveway parking spaces. All utilities included! This home seamlessly blends historic charm with modern amenities, offering a wonderful living experience in the heart of Stratford.

For more information or to book a private showing, contact me today!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

Open House!

Come join us today at 15 Oliver Court. Kitchener, ON. from 2-4PM!

List Price: $1,599,999

A duplex in a class of its own, has a 4.5% cap rate, upgraded finishes, quiet street location, parkland forest backdrop, and two distinct dwelling units that make this dream property a reality. Offering over 2500 square feet of finished living space across three levels, this property can be purchased with furniture to allow for rent optimization. Inside, soaring 18ft. vaulted ceilings provide a grande feel to the main living area, paired with hardwood maple flooring, European windows, custom entryway tiling, stylish lighting, upgraded kitchen, 2x 240-volt electrical outlets for EV charging, and forest views for an unforgettable central space.

Listing Realtor: Matthew Davidson, Kimbe Davidson
Victoria Park Real Estate Ltd.

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

LEASED!

📍28 Burgetz Ave. Kitchener, ON.

Very happy to have been able to secure a highly qualified tenant for this investment property located close to Downtown Kitchener. This unit was previously listed as a short term rental on Airbnb, now with a long term tenant it will generate more income, along with providing consistent revenue month after month.

We help investors market their properties, thoroughly screen potential tenants, along with finalizing the lease, in order to make any investment a positive one.

If you have any questions regarding Investment Real Estate, reach out today!

Phone: (226) 880-1840
Email: [email protected]

Waterloo Region Market Update for November 2023!

In November we saw 441 homes sold through the MLS in Waterloo Region. The average sale price for a detached house how was on par with that of October 2023, while we did see a decrease in the average sale price for semi-detached homes, townhouses, and condo’s. The total number of homes sold was also down, which is typical for November, combined with many people waiting to see what happens with interest rates in months to come.

As well, The Bank of Canada will be making an announcement today regarding interest rates. If you have any questions, or want to know more about how these market statistics may affect you. Contact me today.

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

📍28 Burgetz Ave. #1 Kitchener, ON.

$2,850/ Monthly

Beautiful & spacious 3 bedroom 2.5 bathroom unit for rent just off Fairway road, near the heart of Kitchener. This property backs onto a very nice large park, and is close to the LRT, Go Train, & highway, which is great for commuters. Also just a few minutes drive from Fairview mall, Kitchener Memorial Auditorium, and many shops & restaurants. The unit includes a large living room, stainless steel kitchen appliances, in unit washer/dryer, master bedroom with walk in closet and updated bathroom. As well as a large backyard and deck, storage unit, and 3 parking spaces. Move in ready starting January 1st 2024.

Contact me today for more information, or to book a private showing!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

LEASED!

📍270 Bradshaw Dr. Stratford, ON.

Congratulations to my clients on securing a beautiful 3 bedroom, 2 bathroom house located in their desired neighbourhood in Stratford. Just a few minutes drive to downtown, this house also features an oversized living room, large bedrooms, and a great backyard!

We help our clients find the perfect place to call home, both when buying and leasing!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

Waterloo Region Market Update for October 2023!

In October we saw 1,133 new listings added to the MLS in Waterloo Region. This is up 36% from October 2022. Although we did see a slight increase in the average sale price for both detached homes & townhouses, there was a decrease in the average sale price for condos & semi- detached homes compared to September 2023. With the added inventory, there is definitely opportunity for buyers to be selective with less competition currently in the market.

If you have any questions, or want to know more about how these market statistics may affect you. Reach out today!

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

ANOTHER HOME SOLD in Doon South, Kitchener!

We are so ecstatic for our latest Sellers who just sold their home in Kitchener's Doon South! After a trip to Muskoka together this summer, we secured their dream property with over 28 acres of stunning forest. We guided them on preparations to get their home ready for sale and helped sell this wonderful, urban home. Now, the whole family's rural dreams can become a reality! We can't wait to visit them next year.

Yes, we help Sellers change their homes and their lifestyle!

Open House!

Come join us tomorrow at 52 Walnut St. Kitchener, ON. from 2-4PM!

List Price: $699,900

This cozy century home, in Kitchener’s Cherry Park neighbourhood, is filled with new upgrades, hidden details, and lots of historic charm. Right around the corner from Victoria Park and just off the beaten path from downtown Kitchener and Belmont Village. This centrally-located home is perfect for those who want to be within reach of our favourite cafes, restaurants, storefronts, markets, and parkland. Inside, the spacious main-floor layout, unique for a century home, will invite you in to relax in the large living room with floor-to-ceiling built-in shelving. Upstairs, you’ll find a pleasantly-updated bathroom complete with heated floors, a clawfoot tub/shower combo, and beadboard and paneling on the walls and ceiling. This calm, cozy home has seen great updates in the last few years including updated windows throughout, a steel roof on both the house and garage, new furnace and heat pump, new concrete driveway, and more!

Listing Realtor: Kimbe Davidson, Matthew Davidson
Victoria Park Real Estate Ltd.

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

Open House!

Come join us tomorrow at 123 Forest Edge Trail Kitchener, ON. from 2-4PM!

List Price: $898,000

The perfect opportunity to get into the coveted Wyldwoods community in the beautiful Doon South area of Kitchener is here! This home packs a punch with its 4 bedrooms, one-of-a-kind sunroom, finished basement, and ease of access for commuters. Enter the house through the over-sized porch and step right in to your open-concept main floor. With two-toned, solid wood cabinets and custom hood vent cover, granite countertops, stainless steel appliances, and butcher block island. You’ll find easy access to the 401, the new state-of-the-art South Kitchener Public School, Pioneer Park Community Centre, Kitchener Public Library, Conestoga College, Waterloo Region Museum, Topper Woods, Doon Creek Natural Area, lots of trails, and there’s even a playground just down the street!

Listing Realtor: Matthew Davidson, Kimbe Davidson
Victoria Park Real Estate Ltd.

Phone: (226) 880-1840
Email: [email protected]
VictoriaParkBrokerage.com

ANOTHER HOME SOLD in Waterloo!

Congratulations to Luis Najera's latest Sellers on the sale of their home in Waterloo! These clients were referred from previous clients of Luis' and sold after owning and loving their home for 34 years. In the midst of a shifting market, and one where Sellers are finding it harder and harder to sell, Luis came up with a unique listing strategy, helped prepare their home to show it in its best light, and sold with multiple offers. Now it's time to celebrate!

Yes, we help Sellers sell in Waterloo, even in the midst of a changing or tough market!

LEASED!

📍275 Larch St. Waterloo, ON.

Congratulations to my client on securing a condominium unit for his upcoming year at Wilfrid Laurier University, while playing on the Men’s Hockey Team! This furnished unit is located right in the heart of campus in Waterloo, with newly updated kitchen & bathroom finishes, along with being close to many shops & restaurants.

We help our clients find the perfect place to call home, both when buying and leasing!

Phone: (226) 880-1840
Email: [email protected]