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Etobicoke New Condos for Sale

Why Should You Invest In Etobicoke Real Estate?

Etobicoke ranks as the fourth largest head office centre in the country. Approximately half the city's 18,000 businesses are in the corporate sector, product distribution, or manufacturing. The strongest business dominions in Etobicoke are chemical, transportation (automotive) parts and equipment, electronics, computer industry, and pharmaceuticals.

The industry in Etobicoke has been booming, with many new condominium towers being developed along Bloor St. and by the waterfront near Humber Bay. The central areas of Etobicoke are mostly middle class. The northern and central pockets of Etobicoke contain numerous high density apartment complexes and condominiums set in the middle of large open parks and fields. This has helped increase Etobicoke's population after a short period of decline. It was last calculated at 365,143 residents.

Etobicoke's population is an assortment of people from all over the globe. Average household income in the area is $112,106. The unemployment rate sits at 6.3 percent.

Investing in Etobicoke Real Estate Market

Average Condo Price for Etobicoke in 2019

The average selling price of pre-construction condos in the City of Etobicoke for 2019 is $404,900. New listings, for the year thus far, has maintained a price per square foot of $674, while prices continue to grow to 6.1% year-over-year.

The average rental rate for the City of Etobicoke is presently $2,300. This is in addition to a rental appreciation rate of 4.6% for the past 10 years. The demand for condos is still strong here as the vacancy rate currently sits at 0.7%.

The average resale price for all home types in the City of Etobicoke is presently around $796,852. The average resale appreciation rate for the past 10 years has been 6.9%.

City of Etobicoke

Etobicoke is a former municipality and a managerial district within the western section of the city of Toronto. The name "Etobicoke" was derived from the Mississauga word wah-do-be-kang which means "place where the alders grow." the space between the Humber River and Etobicoke Creek was the way they had described this particular area in the past.

Bordered on the north by Steeles Avenue West, on the east by the Humber River, south by Lake Ontario and on the west by Etobicoke Creek, the city of Mississauga, and Toronto Pearson International Airport (a narrow stretch of the airport extends into Etobicoke). In 1998, Etobicoke was amalgamated with other Metro Toronto municipalities into the City of Toronto.

Etobicoke has the lowest population density of the former cities and boroughs that currently make up the city of Toronto. The residential areas consist primarily of single-family residences. This is mainly due to its expanses of industrial lands along the various expressways. Although most of the vast chunk of land is single family homes, there are a few notable exceptions. New condo developments are being erected and sold at a rapid rate.

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Accessibility / Getting Around

There are various methods for getting around Etobicoke. Highways, buses, GO trains and the subway make commuting very painless and manageable. Several major highways like 27, 401, 407, 427 and the QEW are routed through the area, making it ideal for automobile based transportation.

Many exceptions to Toronto's complex street layout are found in Etobicoke. A number of overpasses and awkward intersections, such as Bloor/Kipling/Dundas West (Six-Points), have been created in an effort to reconcile the grid with these planning anomalies.

The neighbourhood encircling Islington subway station at the intersection of Bloor Street and Islington Avenue has become a new transit oriented hub, with an abundance of street level shops and restaurants, as well as new high-rise condominium projects.

The Bloor/Danforth subway line has Kipling Avenue and Dundas Street as its end terminal depot in the west end. Islington Station is a transit network for bus routes into Mississauga to the west. Many bus routes service Etobicoke frequently.

A new LRT line is planned for the north end of Etobicoke along Finch Avenue to connect to the Yonge-University-Spadina subway line. Etobicoke is also home to four GO stations: Etobicoke North station on the Kitchener line, Kipling station on the Milton line, as well as Long Branch and Mimico stations on the Lakeshore West line.

Etobicoke has copious amount of public parks and trails. Among them is James Gardens on the lakeside of the Humber River. This park includes a rock garden, walkways, seasonal flowers, streams, and waterfalls. With its notable backdrop, plenty of wedding photos are taken here and treasured as keepsakes.

Also included are Colonel Samuel Smith Park, Humber Bay Park on the Lakeshore, and most the commonly known is Centennial Park. You can find many interesting places along the creek with many residents found either bike riding, jogging or taking a leisurely walk.

Looking to the future, a plethora of new condo projects are being forged in the Bloor West corridor. They begin at Highway 427 in central Etobicoke and go all the way to the Humber River, making an immense impact for years to come.

Therefore, let’s all try and live by Etobicoke’s motto “Tradition – Progress” as this part of the city forges forward into the 21rst century, making this area another desirable place to set-up residency. There is an abundance of new condos for sale, so snatch one up now, before they get sold out.

Etobicoke Transportation
Etobicoke Accessibility

List of New Condos in Etobicoke

361 The West Mall Condos
Coming Soon

361 The West Mall

Development by: TBA
361 The West Mall, Etobicokeo, ON M9C 1E8
Condo Prices TBA CAD
Move in TBA

2 St. Lawrence Avenue Condos
Coming Soon

2 St. Lawrence Ave

Development by: TBA
2 St. Lawrence Ave, Etobicoke, ON M8Z 5T8
Condo Prices TBA CAD
Move in TBA

150 Eighth Street Condos
Coming Soon

150 Eighth St

Development by: TBA
150 Eighth St, Etobicoke, ON M8V 3C6
Condo Prices TBA CAD
Move in TBA

The King's Mill Condos
Coming Soon

The King’s Mill

Development by: VANDYK Group of Companies
Berry Rd & Stephen Dr, Etobicoke, ON M8Y 1W2
Condo Prices TBA CAD
Move in TBA

933 The Queensway Condos
Coming Soon

933 The Queensway

Development by: Mattamy Homes
933 – 935 The Queensway, Etobicoke, ON M8Z 1P3
Condo Prices TBA CAD
Move in TBA

564 Evans Avenue Condos
Coming Soon

564 Evans Ave

Development by: TBA
564 – 580 Evans Ave, Etobicoke, ON M8W 2W1
Condo Prices TBA CAD
Move in TBA

Reina Condos
Coming Soon

Reina Condos

Development by: Urban Capital and Spotlight Developments Inc.
689 The Queensway, Etobicoke, ON M8Y 1L1
Condo Prices TBA CAD
Move in TBA

Edenbridge Kingsway Condos
Now Selling

Edenbridge Kingsway

Development by: Tridel and First Capital
255 The Kingsway, Etobicoke, ON
Condo Prices From The Low $900,000’s CAD
Move in 2023

Kingsway Crescent Condos
Coming Soon

Kingsway Crescent

Development by: Harhay Developments
4125 Dundas St W, Etobicoke, ON M8X 1X2
Condo Prices TBA CAD
Move in TBA

South Tower Condos
Coming Soon

South Tower

Development by: Edilcan Development Corporation
2 Gibbs Road, Etobicoke, ON M9B 6L6
Condo Prices TBA CAD
Move in 2022

25 Mabelle Avenue Condos
Coming Soon

25 Mabelle Ave

Development by: TBA
25 Mabelle Ave, Etobicoke, ON M9A 4Y1
Condo Prices TBA CAD
Move in TBA

327 Royal York Condos
Coming Soon

327 Royal York

Development by: VANDYK Group Of Companies
327 Royal York Rd, Etobicoke, ON M8Y 2P8
Condo Prices TBA CAD
Move in TBA

Distrikt Islington Village
Coming Soon

Distrikt Islington Village

Development by: Distrikt Developments
Burnhamthorpe Rd & Dundas St W, Etobicoke, ON M9A 1B5
Townhome Prices TBA CAD
Move in TBA

12 Cordova Ave Condos
Coming Soon

12 Cordova Ave

Development by: Minto Group
12 Cordova Ave, Etobicoke, ON M9A 2H5
Condo Prices TBA CAD
Move In TBA

Notting Hill Condos
Now Selling

Notting Hill Condos

Development by: Lanterra Developments
4000 Eglinton Ave W, Etobicoke, ON M9A 4M2
Condo Prices From The Mid $200,000’s CAD
Move In 2024

Empire Phoenix Condos
Now Selling

Empire Phoenix Condos

Development by: Empire Communities
251 Manitoba St, Etobicoke, ON M8Y 0B3
Condo Prices From The High $400,000’s CAD
Move in 2021

Humberwood Heights Townhome Residences
Platinum Access

Humberwood Heights Townhome Residences

Development by: Tribute Communities
50 Humberwood Blvd, Etobicoke, ON M9W
Townhome Prices From The High $600,000’s CAD
Move in 2021

Evermore At West Village Condos
Now Selling

Evermore At West Village

Development by: Tridel
10 Eva Rd, Etobicoke, ON
Condo Prices From The Low $500,000’s CAD
Move in 2022

IQ Condos Phase 3 Condos
Coming Soon

IQ Condos Phase 3

Development by: The Remington Group
45 Zorra Street, Etobicoke, ON, M8Z 4Z7
Condo Prices TBA CAD
Move in TBA

1124 Islington Ave Homes
Coming Soon

1124 Islington Ave

Development by: Plaza
1124 Islington Ave, Etobicoke, ON M8Z 4S4
Home Prices TBA CAD
Move in TBA

293 The Kingsway Condos
Platinum Access

293 The Kingsway

Development by: The Benvenuto Group and Malen Capital
293 The Kingsway, Etobicoke, ON M9A 3A9
Condo Prices From The Low $400,000’s CAD
Move in 2021

Lake and Town
Coming Soon

Lake and Town

Development by: Menkes
225 Birmingham St, Etobicoke, ON M8V 2C7
Townhome Prices TBA CAD
Move in TBA

859 West Condos
Now Selling

859 West Condos

Development by: First Avenue Properties and Latch Developments
859 The Queensway, Etobicoke, ON M8Z 1N8
Condo Prices From The Low $500,000’s CAD
Move in 2021

2169 Lake Shore Blvd West Condos
Coming Soon

2169 Lake Shore Blvd W

Development by: The Conservatory Group
2169 – 2173 Lake Shore Blvd W, Etobicoke, ON M8V
Condo Prices TBA CAD
Move in TBA

1061 The Queensway 
Coming Soon

1061 The Queensway

Development by: TBA
1061 The Queensway, Etobicoke, ON M8Z 1R2
Condo Prices TBA CAD
Move in TBA

42 Park Lawn Road Condos
Coming Soon

42 Park Lawn Road

Development by: TBA
42 Park Lawn Rd, Etobicoke, ON M8V 1A4
Condo Prices TBA CAD
Move in TBA

Thirty Six Zorra Condos
Coming Soon

Thirty Six Zorra

Development by: Altree Developments
36 Zorra St, Etobicoke, ON M8Z 4Z7
Condo Prices The Low $400,000’s CAD
Move in TBA

Revel Condos
Coming Soon

Revel Condos

Development by: Eden Oak
3418 Lake Shore Blvd W, Etobicoke, ON M8W 1N3
Condo Prices TBA CAD
Move in TBA

Park Terraces at Valhalla Town Square
Now Selling

Park Terraces at Valhalla Town Square

Development by: Edilcan Developments Corporation
2 Gibbs Rd, Etobicoke, ON M9B 6L6
Condo Prices From The High $300,000’s CAD
Move in 2020

23 Buckingham Street Condos
Coming Soon

23 Buckingham St

Development by: Vandyk Group of Companies
23 Buckingham St, Etobicoke, ON M8Y 2W2
Condo Prices TBA CAD
Move in TBA

Richview Square Condos
Coming Soon

Richview Square

Development by: Trinity Development Group and Create TO
4620 Eglinton Ave W, Etobicoke, ON M9A
Condo Prices TBA CAD
Move in TBA

1049 The Queensway Condos
Coming Soon

1049 The Queensway

Development by: Marlin Spring Developments
1049 The Queensway, Etobicoke, ON M8Z 1R1
Condo Prices TBA CAD
Move in TBA

1197 The Queensway Condos
Coming Soon

1197 The Queensway

Development by: Marlin Spring Developments
1197 The Queensway, Etobicoke, ON M8Z 1R7
Condo Prices TBA CAD
Move in TBA

880 The Queensway Condos
Coming Soon

880 The Queensway Condos

Development by: Lormel Homes
880 The Queensway, Etobicoke, ON M8Z 1P2
Condo Prices From TBA CAD
Move in TBA

Bloor and Royal York Condos
Coming Soon

Bloor & Royal York

Development by: ONE Properties
3005 Bloor St W, Etobicoke, ON M8X 1C3
Condo Prices TBA CAD
Move in 2020

Valhalla Town Square
Now Selling

Valhalla Town Square

Development by: Edilcan Development Corporation
2 Gibbs Road, Etobicoke, ON M9B 6L6
Condo Prices From The Low $400,000’s CAD
Move in 2020

B-line Condos
Now Selling

B-line Condos

Development by: Royalpark Homes
408 Brown’s Line, Etobicoke, ON M8W 4X7
Condo Prices From The High $500,000’s CAD
Move in 2020

4195 Dundas Street West Condos
Coming Soon

4195 Dundas Street West

Development by: Dunpar Homes
4195 Dundas Street W, Etobicoke, ON M8X 1Y4
Condo Prices TBA CAD
Move In TBA

39 Newcastle Street Condos
Coming Soon

39 Newcastle Street

Development by: Dunpar Homes
39 Newcastle Street, Etobicoke, ON M8Y 1A3
Condo Prices TBA CAD
Move in 2021

Vita On The Lake 2 Condos
Now Selling

VITA On The Lake 2

Development by: Mattamy Homes and Biddington Homes
2167 Lake Shore Blvd W, Etobicoke, ON M8V 0A8
Condo Prices From The Mid $900,000’s CAD
Move in 2021

Bloor Promenade Condos
Now Selling

Bloor Promenade

Development by: Tridel
64 Cordova Ave, Etobicoke, ON M9A 2H5
Condo Prices From The High $700,000’s CAD
Move in 2021

Kingsway By The River Condos
Now Selling

Kingsway By The River Condos

Development by: Urban Capital Property Group
4208 Dundas Street West, Etobicoke, ON M8X 1Y6
Condo Prices From The Mid  $500,000’s CAD
Move in 2019

Queensway Park Condos
Now Selling

Queensway Park Condos

Development by: Urban Capital Property and Rosewater Developments
784 The Queensway, Etobicoke, ON M8Z 1N3
Condo Prices From The High $400,000’s CAD
Move in 2021

Water's Edge At The Cove
Now Selling

Water’s Edge At The Cove

Development by: The Conservatory Group
38 Annie Craig Dr, Etobicoke, ON M8V 0G9
Condo Prices From The Low $500,000’s  CAD
Move in 2021

The Kip District 2
Now Selling

The Kip District Phase 2

Development by: Concert
5365 Dundas Street West, Etobicoke, ON, M9B 1B1
Condo Prices From The Mid $300,000’s CAD
Move in 2021

Grand Park Village Condos
Coming Soon

Grand Park Village

Development by: Freed Developments
10 Audley St, Etobicoke, ON M8Y 2X2
Condo Prices From TBA CAD
Move in 2021

 

4Hundred East Mall
Now Selling

4Hundred East Mall

Development by: Haven Developments
400 The East Mall, Etobicoke, ON M9B 3Z9
Condo Prices From The Low $400,000’s CAD
Move in 2020

Vita On The Lake Condos
Now Selling

Vita On The Lake

Development by: Mattamy Homes and Biddington Homes
2161 Lakeshore Boulevard West, Etobicoke, ON M8W 1R2
Condo Prices From The Mid $900,000’s CAD
Move in 2020

Cove at Waterways Condos
Now Selling

Cove at Waterways

Development by: The Conservatory Group
2143 Lake Shore Blvd W, Etobicoke, ON M8V 1A8
Condo Prices From The Mid $400,000’s  CAD
Move in 2019

United Kingsway Condos
Coming Soon

United Kingsway Condos

Development by: Fieldgate Urban
2915 Bloor Street West, Etobicoke, ON M8X 1B8
Condo Prices TBA CAD
Move in 2021

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Questions & Answers


What are the benefits of buying a new condo?


The opportunity to choose a floor plan which best suits your needs
• Personalize your interior decor to reflect your individual taste.  Select your finishes from a variety of choices in pre-finished hardwood flooring, granite counter tops, cabinetry, tiles and more.  This opportunity adds personal style and distinction to your home.
• Downpayment deposit structure and timeline to closing dates allow for more freedom financially to accomodate the down payment amounts. In most cases a new condominium project can provide closing dates as far out as 36 months from date of purchase.
• Pre-construction purchase can provide the benefit of property appreciation. From the time you buy to the day you move in, your suite will have increased in value due to market conditions.
• Fewer maintenance costs due to high-quality construction and energy efficient design.


Why should you buy a condo in the pre-construction stage?


You get to choose your design finishes – such as your flooring, tiles, faucets, cabinets, countertops – to suit your style. A new home is clean, energy-efficient and requires far fewer repairs (if any) than your average “resale” home. Buying pre-construction offers a greater opportunity for appreciation in the value of your home. You get warranty coverage from TARION, a government-regulated organization that licenses developers in Ontario.


How long should I wait to sell my condo?


Every purchaser has their own strategy and goals when investing in real estate but they all fall into one of three categories:
• Short term investor: Will sell before a final closing via an assignment, during occupancy or shortly after final closing. These investors do not want to be a landlord or deal with maintaining condos and are usually interested in established neighbourhoods and projects where they can see appreciation on their deposits that are above what they would get by keeping their money in the bank or in mutual funds.
• Medium term investor: Will buy pre-construction condominium and rent the property for a few years before selling for a profit. This takes a bit more management and patience but will allow you to get a higher rate of return on your money. The renter will pay your mortgage for a few years and put some additional equity in your pocket while the market value of your pre-construction condominium appreciates further. Most investors fall within this category.
• Long term investor: Will buy pre-construction condominium and rent the property indefinitely with no plans to sell. This type of investor is thinking about pre-construction condo as a way of building wealth over the long term. Their portfolio of property is being paid off by their tenants and is increasing steadily in value over time. With this method, a long term investor will eventually have several paid off properties that are generating cash flow for them.
The beauty of pre-construction condos is that you have the time and flexibility to adapt your strategy. We typically recommend a medium to long term approach to investing in real-estate because that is the safest and most reliable way to build your wealth with a cash producing asset. Over the past decade, our group has achieved Platinum Realtor status with most of the top developer's in Toronto-GTA.

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