Looking for New Condos for sale in Etobicoke? You’re not the only one. The lakeside area of Park Lawn has seen some of the most growth in Ontario condo developments over the past few years. The boundaries of Etobicoke include Steeles Avenue West on the north, Humber River by the east, Lake Ontario on the south, and Etobicoke Creek on the west.
Many people want to move to this region of Toronto because of its downtown Toronto skyline view and access to the Toronto waterfront.
Etobicoke pre-construction condos for sale and new townhomes are popular due to the increase in amenities and entertainment options.
Etobicoke neighbourhoods have attracted some of Canada’s best property developer companies who built modern development designs. The edge of these Etobicoke condos is that they’re built near transit options like the Bloor subway line and the GO train stations – Kitchener line, Kipling station, Long Branch, and Mimico station on the Lakeshore West line. This list of transit options right in the communities provide convenience.
Whether you search for a condo development or townhouse property, Etobicoke neighbourhoods has a list of development projects to choose from.
Real Estate Market in Etobicoke
The Etobicoke neighborhoods and real estate market has gained significant expansion with newly constructed developments in Toronto. Many Etobicoke developments are next to Humber Bay and along Bloor Street. Queensway and LakeShore are also popular spots. New condo developments in these Etobicoke neighborhoods are affordable compared to the downtown core.
In Kingsway, two of the popular Etobicoke new condos include the Kingsway Crescent Condos on Dundas Street West and 293 The Kingsway Condos. Fairfield Towns on Islington Ave and Park Towers on Zorra are also good choices. Other pre-construction condos coming soon include Bloor & Royal York, Revel Condos on Lake Shore, 933 The Queensway, and Distrikt Islington Village. Developer after developer has flocked into neighbourhoods, with a list of more occupancy units coming soon on 2630 Kipling Ave, 12 Cordova Ave, 327 Royal York, 2169 Lake Shore Blvd and 26 Earlington Ave.
Northern and central Etobicoke regions feature a variety of apartment buildings, low-rise, high-rise condominiums. The current population is around 350,000 residents, so condo prices aren’t cheap when you move. Of course, you can search for pre-construction development homes for sale offered at lower condo prices.
Etobicoke’s growth fueled by new condo growth
There are many people who want to move in new condos in Etobicoke, primarily because of its stable real estate market. New development plans are in place for new condos and buildings along Bloor West and Dundas Street West. The new condos will be constructed along Highway 427 in central Etobicoke and will extend to the Humber River.
There are many good shopping places near Etobicoke, Queensway, and Cypress. There’s a Kipling Queensway Mall near Etobicoke condos. There is Cineplex Odeon Queensway which is one of the biggest in Etobicoke. Parks are also close by, including Humber Bay Park on the LakeShore and James Gardens on the Humber River lakeside.
But why are people looking at the Etobicoke real estate market? Etobicoke provides a promising future to buyers of new condo units and development projects. There’s a long list of new condos for sale, plus many condo developments and construction projects will be coming soon. You’ll find that this place is the biggest hub for approximately 18,000 businesses and developments, so the list of homes and communities are increasing with developer after developer building projects in the city.
Considering Etobicoke condo prices, pre-construction condo units have an average price of $404,900. Prices per sq ft are listed at $674 on average, but these prices grow with further development of pre-construction condos. On the other hand, occupancy rental prices in Etobicoke are at $2,300 on average. As for resale prices of homes, it’s an average of $796,852.
With the construction and developments going on in neighbourhoods like Royal York, these condo and home prices don’t really come as a surprise.
Things to Do in Etobicoke
In Toronto, Etobicoke is the smallest of the regions (the others being Old Toronto, North York, and Scarborough). Still, Etobicoke offers many ways to spend your time near pre-construction condos. The subway and Go trains cater to the area frequently so traveling within the city is easy.
Etobicoke offers quite a list of options for entertainment and eating. Sherway Gardens  is the major shopping center in Etobicoke and home to flagship stores like Nordstrom and Saks Fifth Avenue.
Surrounding this Etobicoke mall are other major retailers like Walmart, Home Depot, Staples, and Sail. If you decide to move to Etobicoke condos, just right down the street is the biggest of two Ikeas in Toronto city.
Sherway gardens and a list of other shopping malls are located in a relatively small pocket at the intersection of QEW and 427, you won’t have to drive far. This area is the hub for the majority of shopping for Etobicoke.
New condos in Etobicoke such as the Valhalla Town Square Condo are ideal for shopping enthusiasts. Located on East Mall Bloor West, respective owners are nearby restaurants and shops.
For a bit more adrenaline, consider the 401 Mini Indy. There’s nothing like racing your friends on the indoor track on the north side of the 401, just east of the 427. Something a bit more relaxing in Etobicoke can be found at Islington Golf Club.
If you’re into horse racing or gambling, Casino Woodbine is a great place in Etobicoke to spend time. While it’s not quite up to the level of gambling at Niagara Falls , this Etobicoke casino does come close.
Toronto Pearson International airport is just west of Etobicoke in the neighboring city of Mississauga. You can travel back and forth in no time through the airport.
Places To Eat
In Toronto, Etobicoke has some great places to eat. Some of the more notable are Plan B – Handmade Burgers Boerewors and Braai (it’s quite a mouthful, but these are some of the best burgers in Toronto), Lavinia Restaurant (A Mediterranean restaurant known for their seafood paella), Luci Restaurant (an elegant offering of house-made Italian) and Sushi-Ya Japanese. There will be more restaurants coming soon.
Continuous Growth of Condo Communities
There are two major development areas when considering pre-construction condos in Etobicoke. The first is one is Parklawn Avenue. The area has been completely overhauled with development projects. Once a home for sleazy motels, Parklawn is now home to some of the best Etobicoke condos. The area’s desirability comes from being located directly beside the water. Along the lake is the waterfront trail, attached to several different parks. When summer rolls around, many people love coming to this place. High Park is another great spot. The park is the largest one in Toronto and features a zoo, playgrounds, a dog park, and in the early spring the blooming cherry trees.
With all the new growth and development coming in the city neighbourhoods, Metrolinx is considering adding a new GO train station. The construction is in the early stages, but this coming development will help with any transit congestion.
The second development area is central Etobicoke. When you choose to move to this area on the map, you’ll notice that central Etobicoke is home to most middle-class residents – the condo prices reflect that too. But for public transit, the subway is all you have. Unlike the Parklawn area condo units, you’ll find the views in central Etobicokehomes are not as desirable.
When it comes to condos, Etobicoke houses several smaller pockets with condos like the Valhalla condos just east of the 427. On the other side, there will be a new Tridel development project.
Condos in Etobicoke have an average price of $674 per sq ft. In new condos, Etobicoke offers smaller yet efficient floor plans compared to older condos. Some may find these condo prices too much, but the value the Etobicoke area gives matches the homes. Waterfront condo prices may be more expensive to movie in than the price of condos in other neighbourhoods or communities. If these prices are high, you can try the list of low-rise or high-rise condo units in Richmond Hill or the Scarborough area.
Etobicoke has a lot to offer. Considering its price difference with downtown Toronto, it will continue to grow in the coming years. Developer companies will be coming with more projects, and maybe transit options will expand too.