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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 dominion in Etobicoke are chemical and transportation (automotive) parts and equipment, electronics, computer industry and pharmaceuticals.

The industry in Etobicoke has since 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 roughly middle class. The northern and central pockets of Etobicoke contain numerous high density apartment complexes and condominiums set in the middle of sizable, open parks and fields. This has helped increase Etobicoke's population after a short period of decline, which was last calculated at 347,948 residents.

Etobicoke's population is roughly at 350,000 and has an assortment of people from all over the globe. Median household income in the area is $58,088. The unemployment rate, sits at 6.3 percent.

Investing in Etobicoke Real Estate Market

Average Price of Condos in Downtown Etobicoke

The average price of a resale condominium apartment for Etobicoke in 2017 was around $420,000 – up 20 per cent compared to 2016.

The average index selling price for a pre-construction condo apartment continues to grow, rising 10% to 12% from a year ago to $642 psf. The average selling price rose annually to $519,000.

City of Etobicoke

Etobicoke is a former municipality and a managerial district within the west 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 rendered, when it 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 eminent exceptions. New condo developments are being erected and sold at a rapid rate.

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Accessibility / Getting Around

Getting around Etobicoke is made easy by highways, the subway, buses and GO trains. Making commuting very painless and manageable. Several major 400 series 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 interior, 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 noteable backdrop, plenty of wedding photos are taken here to be captured and treasured as keepsakes.

Also included are Colonel Samuel Smith Park, Humber Bay Park on the Lakeshore and most known, Centennial Park. You can find many interesting places along the creek, majority of residents are 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. Beginning at Highway 427 in central Etobicoke all the way to the Humber River, making an immense impact in 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, therefore snatch one up now, before they get sold out.

Etobicoke Transportation
Etobicoke Accessibility

Find New Condo Developments by the Neighbourhood

List of New Condos in Etobicoke

IQ Condos

Development by: The Remington Group
Condo Project at Zorra St, Etobicoke, ON
Condo Prices Starting From The High $400,000’s CAD
Move in 2014

Park Towers Condominiums at IQ

Development by: The Remington Group
Condo Project at Zorra St, Etobicoke, ON
Condo Prices Starting From The High $400,000’s CAD
Move in 2018

IQ Condos Phase 3 Condos

Development by: The Remington Group
45 Zorra Street, Etobicoke, ON, M8Z 4Z7
Condo Prices Starting From The High $400,000’s CAD
Move in 2021

Kingsway Village Square Condos

Development by: Dunpar Homes
Condo Project at 571 Prince Edward Drive North, Etobicoke, ON, M8X 2M8
Condo Prices Starting From The High $400,000’s CAD
Move in 2021

Royal Q Towns

Development by: Parallax Development Corporation
689 The Queensway,Etobicoke, ON
Condo Prices From The High $400,000’s CAD
Move in 2019

B-line Condos

Development by: Royalpark Homes
408 Brown’s Line, Etobicoke, ON M8W 4X7
Condo Prices Starting From The High $400,000’s CAD
Move in TBA

4195 Dundas Street West Condos

Development by: Dunpar Homes
4195 Dundas Street W, Etobicoke, ON M8X 1Y4
Condo Prices Starting From The High $400,000’s CAD
Move in 2018

39 Newcastle Street Condos

Development by: Dunpar Homes
39 Newcastle Street, Etobicoke, ON M8Y 1A3
Condo Prices Starting From The High $400,000’s CAD
Move in 2021

Kingsway by the River 2

Development by: Urban Capital Property Group
4210 Dundas Street West, Etobicoke, ON
Condo Prices Starting From The High $400,000’s CAD
Move in 2020

Cypress Condos at Pinnacle Etobicoke

Development by: Pinnacle International
5475 Dundas St W., Etobicoke, ON
Condo Prices Starting From The Low $300,000’s CAD
Move in 2021

Condo Project at 2167 Lake Shore Blvd W., Etobicoke, ON M8V 0A8

Development by: Mattamy Homes & Biddington Homes
2167 Lake Shore Blvd W., Etobicoke, ON
Condo Prices Starting From The High $400,000’s CAD
Move in 2021

Bloor Promenade Condos

Development by: Tridel
64 Cordova Ave., Etobicoke, ON
Condo Prices Starting From The High $200,000’s CAD
Move in 2021

Kingsway By The River Condos

Development by: Urban Capital Property Group
4208 Dundas Street West, Etobicoke, ON
Condo Prices Starting From The Mid $300,000’s CAD
Move in 2019

Queensway Park Condos

Development by: Urban Capital Property Group, Rosewater Capital Group
784 The Queensway, Etobicoke, ON
Condo Prices Starting From The Mid $200,000’s CAD
Move in 2021

Water's Edge At The Cove Condos

Development by: The Conservatory Group
2163 Lake Shore Blvd W., Etobicoke, ON
Condo Prices Starting From TBA 
Move in 2021

The KIP District Two Condos

Development by: Concert
5365 Dundas Street West, Etobicoke, ON, M9B 1B1
Condo Prices Starting From The High $400,000’s CAD
Move in 2021

Grand Park Village Condos

Development by: Freed Developments
10 Audley St., Etobicoke, ON
Condo Prices Starting From TBA
Move in 2021

 

East Mall Townhomes

Development by: Haven Developments
400 The East Mall, Etobicoke, ON
Condo Prices Starting From TBA
Move in 2020

Vita On The Lake Condos

Development by: Mattamy Homes & Biddington Homes
2161 Lakeshore Boulevard West, Etobicoke, ON
Condo Prices From The Low $300’s CAD
Move in 2020

Triumph at Valhalla Condos

Development by: Edilcan Development Corporation
1 Valhalla Inn Rd, Etobicoke, ON
Condo Prices Starting From The Low $200,000’s CAD
Move in 2018

The Kip District Tower One

Development by: Concert
5365 Dundas St W., Etobicoke, ON
Condo Prices Starting From The High $300,000’s CAD
Move in 2019

Cove at Waterways Condos

Development by: The Conservatory Group
2169 Lake Shore Blvd W., Etobicoke, ON
Condo Prices Starting From TBA 
Move in 2019

Bloorvista Condos At Islington Terrace

Development by: Tridel
64 Cordova Ave., Etobicoke, ON
Condo Prices Starting From The High $200,000’s CAD
Move in 2019

United Kingsway Condos

Development by: Fieldgate Urban
2915 Bloor Street West, Etobicoke, ON
Condo Prices Starting From TBA
Move in 2021

2 Gibbs Road Condos

Development by: Edilcan Development Corporation
2 Gibbs Road, Etobicoke, ON
Condo Prices Starting From TBA
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.
• Less 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-constructionCondominium 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 condo 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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