New Developments 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.
Many people want to move to this Toronto region because of its downtown Toronto skyline view and access to the Toronto waterfront.
Pre-construction condos for sale and new townhomes are popular due to increased amenities and entertainment options.
Etobicoke neighborhoods have attracted some of Canada’s best property development companies who built modern development designs. The edge of these condos is that they’re built near transit options like the Bloor subway line and the train stations – Kitchener line, Kipling station, Long Branch, and Mimico station the Lakeshore West line. This list of transit options right in the communities provides convenience.
Etobicoke neighborhoods have a list of development projects to choose from whether you search for a condo development or townhouse property.
Real Estate Market in Etobicoke
The Etobicoke neighborhoods and real estate market have 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 neighborhoods are affordable compared to the downtown core.
In Kingsway, two popular 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 neighborhoods, 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 low when you move. Of course, you can search for pre-construction development homes for sale offered at lower condo prices.
Etobicoke’s growth is fueled by new condo growth.
Many people want to move to 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 condos will be constructed along Highway 427 in central Etobicoke and 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 increases with the developer after developer building projects in the city.
Condo Prices in Etobicoke
Considering 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 the further development of pre-construction condos. On the other hand, occupancy rental prices in Etobicoke are at $2,300 on average. As for the resale prices of homes, it’s an average of $796,852.
With the construction and developments in neighborhoods like Royal York, these condo and home prices don’t really surprise.
Things to Do in Etobicoke
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 [1] is the major shopping center in Etobicoke and is home to flagship stores like Nordstrom and Saks Fifth Avenue.
Shopping
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.
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, 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.
Outdoor Sports
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 [1], 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 Communities
There are two major development areas when considering pre-construction condos. 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 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 neighborhoods, 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 have an average price of $674 per sq ft. Etobicoke offers smaller yet efficient floor plans compared to older condos. Some may find these condo prices too much, but the Etobicoke area’s value matches the homes. Waterfront condo prices may be more expensive to a movie than condos in other neighborhoods 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.
Here are some popular new condos in Etobicoke:
