Is Kingston, Ontario Still Worth It for Real Estate Investors?

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  A ground-level view on cost of living, buying power, and whether it makes sense anymore Let me be straight with you: I’m having a hard time making the numbers work in Ontario right now. And I’m not sure anyone is being honest enough about it. I work in real estate. I’ve seen how things get built, priced, and sold. So when I look at the cost of living in Kingston - and Ontario broadly - and then compare it to what you’re actually getting for your money, something doesn’t add up. This isn’t doom and gloom. It’s just an honest look at what the market is actually doing and what it means if you’re thinking about buying investment property here. The Cost of Living Reality Check Kingston used to be one of those “hidden gem” cities. Smaller than Toronto, cheaper than Ottawa, decent rental market because of Queen’s University and RMC. That story made sense five years ago. Today? Not so much. AVG. HOME PRICE $600K+ Kingston, 2024–25 AVG. RENT (2BR) $2,100+ Per month GROCERY COST HIGH vs. c...
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5 Things to Consider When Buying a Fixer-Upper

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Buying a fixer-upper can be a smart way to get into a desirable neighborhood or build equity fast — but it’s not always as simple as TV makes it look. Before you grab your hammer and vision board, here are five key things to consider if you're thinking about buying a property that needs some work.

1. Condition of the Property
Fixer-uppers come in all shapes and sizes — from simple cosmetic updates to full gut jobs. Knowing what you’re walking into is crucial. You’ll need to either have (or hire) skills in project management, budgeting, and construction to tackle the renovation successfully. If you’re not hands-on, make sure you have a team you trust — and a realistic sense of how much time and effort is involved.


2. Renovation Costs & Budget
One of the most common mistakes buyers make is underestimating renovation costs. Before you even make an offer, get rough estimates on major upgrades — kitchen, bath, roof, electrical, etc. And always build in a 15–20% contingency for unexpected surprises (because there will be surprises).

3. Financing Options
Not all fixer-uppers qualify for traditional mortgages — especially if they’re missing basic systems like plumbing or heat. You may need to explore Purchase Plus Improvements mortgages, renovation loans, or even a home equity line of credit. Speak with your lender early to know your options and your limits.

4. Location & Future Value
The golden rule of real estate still applies: location, location, location. A fixer-upper in a great neighborhood is usually a good investment. One in a struggling or stagnant area? Not so much. Look for areas with signs of growth, new development, or revitalization. Also, consider the after-renovation value (ARV) — will you be overbuilding for the area?


5. Inspection & Hidden Issues
You should never skip the home inspection on a fixer-upper — even if the place is being sold "as-is." A qualified inspector can help you uncover expensive hidden problems like mold, asbestos, old wiring, or foundation issues that could blow your budget. When in doubt, bring in specialists for second opinions before you finalize the deal.

Final Thoughts
Buying a fixer-upper can absolutely be worth it — whether you're creating your dream home or making a smart investment. But success lies in preparation, realistic budgeting, and having the right team around you.
Do your homework, know your limits, and don’t be afraid to ask for help along the way.


We’d be happy to email you a curated list of currently available properties that might be the perfect project. Just reach out — we’re here to help!

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