This neighbourhood is located in Central Etobicoke. It is bordered by Dixon Road to the north, Royal York Road to the east, Eglinton Avenue West to the south, and Highway 401 to the west. It is mostly known as a residential neighbourhood populated by low-rise housing, but as the urbanization of the city continues to expand, that is expected to change. One of the benefits to being a residential area is that there are plenty of parks and other local amenities around, so residents here never run out of things to do.
This area largely features detached houses, accounting for 66% of sales, accompanied by condos at 14% and condos townhouses at 9%. Bungalow houses are the most common trend and the majority of properties have three bedrooms. The common price over the past 365 days is $816,011, an increase of 17% over the same term last year. The average freehold cost over the past 365 days is $946,904 in comparison to the average condo premium of $479,395 over the same period. Homeownership for the area sits at 55% who own their property and 45% are renters. The average household income roughly is $110,361.
Another benefit of being in a typically residential neighbourhood is the family friendly atmosphere. The parks are often flanked by schools, including Central Etobicoke High School, St. Marcellus Catholic School, and Richview Collegiate Institute. This is also the location of the area’s branch of the Toronto Public Library.
This neighbourhood is fringed by some of the GTA’s major roadways, making this a great location for motorists. Its western boundary is Ontario Expressway 401, and it stretches north to streak eastward across the entire city. It can easily and quickly take you through North York, Scarborough, and beyond to Pickering and Oshawa. The southwestern corner of this neighbourhood also borders Highway 427, which connects to the Gardiner Expressway and Queen Elizabeth Way. Collectively, these two roadways make Downtown Toronto, southern Etobicoke, Mississauga, Hamilton, and Niagara at your fingertips. Together with other major roadways like Eglinton Avenue and Islington Avenue, you can drive to the heart of Downtown Toronto in less than thirty minutes.
This area also has fantastic public transit. Eglinton and Islington act as the main public transit thoroughfares for the region. Both these streets have dedicated buses routes, and both are able to connect to TTC subway stations, each named after their respective streets. Despite this already strong public transit presence, the area is about to vastly improve with the implementation of the Eglinton Crosstown LRT. This light rail transit system is going to cruise along Eglinton Avenue and is going to vastly improve transit in the region, while stimulating growth as well.
This is typically considered a low-rise residential neighbourhood, but there is always plenty to do around here. It is renowned for its numerous parks that seem to be around every corner. The parks are incredibly diverse in nature, ranging from densely wooded forests with walking trails, to wide open green spaces with active sports fields. One notable example is the Richview Park, which has a ball diamond, playground, and 9 sports fields. If you’re looking for a more refined outdoor activity, the area is surrounded with world class golf courses. Royal Woodbine Golf Club, Weston Golf & Country Club, and St. George’s Golf and Country Club are all in the immediate area.
There aren’t any major malls in this neighbourhood, but there are many smaller shopping centres that are able to fulfill residents’ needs. The most prominent shopping centre in the region is Richview Square, which is currently outfitted with a Beer Store, Pharma Plus, TD Bank, and much more. This will soon be the site of a new redevelopment in the area, which will add 3 new residential towers and a public square to the region. This redevelopment plan has the goal of improving urbanisation and walkability in Central Etobicoke. There is little doubt that it will become a landmark project.
Developers are already taking notice of the burgeoning area. Traditionally regarded as a low-rise residential neighbourhood, there are several other condo developments being built here, which should be no surprise as it was always a great locale for drivers, but with the extension of the Eglinton Crosstown LRT, this is also becoming a transit hub in the GTA. Imagine waking up in the morning in the tranquility of your small suburban neighbourhood, and transporting yourself to the hustle and bustle of Downtown Toronto, only to return back to your serene home. Living here, you can have it all. This is a unique opportunity to invest in a sprouting condo environment that is also populated with a wealth of parks, schools, and other local amenities. Condos here are going to become some of the most sought after real estate in the city, and now is your time to invest.
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