07 May Hamilton Real Estate-Top 5 Neighbourhoods
Hamilton’s real estate market has been growing rapidly over the past couple years. And as a result, the city is seeing more and more “transplanted” residents from the GTA. When comparing the cost of a home in Hamilton to the GTA, it’s a no-brainer. You’d think affordability would be the selling point, but it’s actually the bait. What sells the home-or better yet, the city, is the uniquely Hamiltonian neighbourhoods that you discover looking past the urban visage. So, what are the top neighbourhoods in Hamilton?
- Ottawa Street
Not too long ago, Ottawa Street primarily consisted of textile and antique stores. But now the area has been revitalized and has over 100 businesses including galleries, cafes, boutiques, and restaurants filling the street. Whether you’re looking to own a home or a business in this neighbourhood, the Ottawa Street BIA is a great resource to look into.
- Crown Point East
Crown Point East is naturally attractive due to the affordability of the area and proximity to Ottawa Street and Gage Park. The average home was 31% cheaper than the rest of the city last year.
- Crown Point West
Crown Point West is a great neighbourhood for families. With Gage Park just to the west, there is plenty of opportunities to spend lots of time outdoors.
The Gibson neighbourhood is within close proximity to downtown and close to many businesses. For more information about this neighbourhood check out the Gibson and Landsdale Area(GALA) Neighbourhood Action Plan.
Corktown is the neighbourhood for you if you want an older house with a decent sized yard while still being close to the hustle and bustle of downtown. Prices in this area have risen 135% over the past five years.