Etobicoke over the years has seen some serious growth in the condo market. The area of Parklawn in the past 10 years is unrecognizable. The main intersection was known as a scummy area with cheap motels all along the lakeshore. That’s no longer the case, and condos as far as the eye can see with even more coming. However, developers have largely ignored the demand for new Townhomes in Etobicoke, instead of focusing on the more profitable high rise projects. And for those developers that do, the demand has been very high. Most projects that focus on new townhomes sell out quickly and will continue to do so. For the main reason stated before: demand.
There are a few in the planning stages and most of those are located close to the subway line in mid-Etobicoke. If you’re considering an investment or even a place to live with good potential for an increase in value Etobicoke is something to consider. While townhome-stacked, attached or freehold don’t have the same amenities that a standard condo offers like a gym or pool they do offer space. The smallest units usually start around 1000 square feet and the bigger freehold one can be as big as three thousand square feet.
Plus with a townhouse compared to a condo parking can be a driveway of garage that is right in front of the unit. No more waiting for the elevators. Along with that if there are any monthly fees they are significantly less than an equal-sized condo. It is all about the lifestyle that you are looking for. If you are looking for something specific feel free to reach out directly, there are some pre-construction townhomes projects in Etobicoke that aren’t listed yet.