About New Condos in Etobicoke
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.
Lots of people are moving in this region of Toronto because of its downtown Toronto skyline view (including the CN Tower) and access to the Toronto waterfront.
Etobicoke pre construction condos for sale and new townhomes are growing in popularity due to the increase in exclusive amenities like outdoor swimming pools, party rooms, fitness centres and entertainment options in Etobicoke.
Etobicoke has attracted some of Canada’s best property developers who built modern development designs that impress any buyer. The edge of these condos is that they’re built near the Bloor subway line and the GO train stations that let residents travel easily. Whether you’re on the search for a condo development or townhouse property, Etobicoke has many development projects to choose from.
Real Estate Market in Etobicoke
The Etobicoke neighbourhoods and real estate market has gained significant expansion in recent years, with newly constructed developments along the lake. Many Etobicoke developments are next to Humber Bay and along Bloor Street. Queensway and Lake Shore are also popular spots on the map. New condo developments in these Etobicoke neighbourhoods are affordable compared to the downtown core.
Northern and central Etobicoke regions feature a variety of apartment buildings and high-rise condominiums. The current population of this Etobicoke location is around 350,000 residents, so expect that condo prices aren’t cheap. Of course, you can search for pre construction development ones for sale offered at lower condo prices.
Etobicoke’s growth fueled buy new condo growth
There are many people who want to reside 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 the Highway 427 in central Etobicoke and will extend to Humber River.
There are many good shopping places near Etobicoke, Queensway, and Cypress. There’s a Kipling Queensway Mall near Etobicoke condos. San Remo Bakery is the one of the best bakeries around. There is Cineplex Odeon Queensway which is the main theatre and one of the biggest in Etobicoke. Parks are also close by, including Humber Bay Park on the Lake Shore and James Gardens on the Humber River lakeside.
Other than this, there are retailers, several educational institutions, churches and even Etobicoke government agencies close to many Etobicoke condos as well. There’s a golf club, and the country club is a very good facility for Etobicoke residents to enjoy the golf. The residents are also provided the facility of nearby Etobicoke schools, Father Serra Separate School and Josyf Cardinal Slipyi Separate School are some of the best schools.
The big question is, why are people looking at the Etobicoke real estate market? It’s because Etobicoke provides a very promising future to buyers of new condo units and development projects. There are many new condos for sale, plus many condo developments and construction projects will be coming soon. This place is the biggest hub for approximately 18,000 businesses and developments.
When it comes to Etobicoke condo prices, pre construction condo units have an average price of $404,900. Prices per sq ft are listed at $674 average, but these prices grow over the years with further development. On the other hand, rental prices in Etobicoke are at $2,300 on average. As for resale prices of homes, it’s an average of $796,852.
Considering all the construction and developments going on, 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 a lot of ways to spend your time. The subway and Go trains cater to the the area frequently so traveling to any part of the Etobicoke city is quick and easy.
Etobicoke offers quite a few options when it come to entertainment and eating. Sherway gardens is the major shopping centre in Etobicoke and home to flagship stores like Nordstrom, Saks Fifth Avenue and Hudsons Bay. The mall went over a major renovation and development starting in 2013, adding a new food court and more retail space. While not the size of other Toronto shopping centres – Yorkdale or Easton centre – it has a great variety clothing, electronic and speciality stores. The mall is home to an Apple store, Saje, Nike, Samsung and Harry Rosen – it’s surely worth your time.
Surrounding this Etobicoke mall are other major retailers like WalMart, Home Depot, Staples and Sail. In case you do decide to move to Etobicoke condos, just down the street is biggest of two Ikeas in Toronto.
Sherway gardens and 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 majority of shopping for Etobicoke.
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. If racing around is not your thing, but can handle pain, Paintball city is just next door. Something a bit more relaxing in Etobicoke can be found at Islington Golf Club.
If you’re in to horse racing or gambling, Casino Woodbine is a great place in Etobicoke to spend time. The casino has over 100 table games ranging from roulette to Texas no limits holdem. There are over 2,000 different slot machines and over 100 dealer-assisted stadium games. While it’s not quite up to the level of gambling at Niagara Falls, this Etobicoke casino does come close. Plus, Niagara Falls is over an hour so save the drive and play local. It’s nearer your Etobicoke condo so the location isn’t very far.
Toronto Pearson International airport is just west of Etobicoke in the neighbouring city of Mississauga.You can travel back and forth quickly through the airport. Best option is probably using the UP Express that travels from the airport right through Etobicoke into Union station. There are two stations, including Islington Station with routes to Mississauga to the west. So if you’re a frequent air traveler, the development and condo prices in Etobicoke are pretty reasonable.
In Toronto, Etobicoke has some great places to eat. Some of the more notable are Plan B – Handmade Burgers Boerewors and Braai(it is 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.
And of course the usual restaurants like the Keg Steakhouse & Bar, Canyon Creek and Moxies, if you want a more familiar location.
There are two major development areas when considering condos in Etobicoke. The first is one is Parklawn Avenue. Over the past few years the area has been completely overhauled with development projects. Once a home for sleazy motels and other unsavory places, 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, it’s a great place to enjoy the sun. High Park is another great place. The park is largest one in Toronto and features a zoo, playgrounds, a dog park and in the early spring the blooming cherry trees. It attracts thousands of visitors annually.
With all the new growth and development, Metrolinx is considering adding a new GO train station to serve more then 5,000 riders daily. The construction is in the early stages, but this development will help with any transit congestion issues in Etobicoke. Currently the area is serviced by street car which takes around 50 minutes to get you to Union station or another option is to take a bus to Kipling subway station, both options take at least 45 minutes. If you have a car and are not driving during rush hour, it takes 10 minutes’ time to reach downtown. That’s the best option if you want to see a show, watch a game or spend the night in the city.
The second development area is the Bloor corridor, otherwise known as central Etobicoke. When you choose 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 in terms of public transit, the subway is all you have, but it’s an easy walking distance. But unlike the Parklawn area condo units, the views in central Etobicoke are not as desirable.
When it comes to condos, Etobicoke houses several smaller pockets with condos going up 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. Condo prices like this may be too much for some, but the value the Etobicoke area gives matches. Additionally, waterfront condo prices may be more expensive. If these prices don’t fit your budget, you can try condo units in Richmond Hill or the Scarborough area.
Etobicoke has a lot to offer and considering its price difference with downtown Toronto, you can see why it will continue to grow for years to come.