The Kingsway Condos
The Kingsway Neighbourhood
The Kingsway is an affluent residential neighbourhood located in the former city of Etobicoke, which was amalgamated into the City of Toronto in 1998. Streets of The Kingsway are accentuated with splendid turn of the century structures, grand architecture, first rate stately homes and newly constructed low to mid-rise residential condominiums. It is bound by Mimico Creek to the west, Bloor Street to the south, Dundas Street to the north and the Humber River to the east.
Its quaint streets and exquisite houses are nestled against a backdrop of greenery from the Humber River Valley. The population in the neighbourhood is currently 9,175. There are 2,960 owned homes and 535 are tenanted. A walkable strip along Bloor Street offers a wide variety of salons, pubs, bars, stores and restaurants. People with an energetic lifestyle will love the trails in King's Mill Park and Tom Riley Park for walking, running, rollerblading, or cycling.
This neighbourhood largely features detached houses, accounting for 61% of sales, accompanied by condos at 28% and townhomes at 6%. Two-storey homes are the common trend and the majority of homes have two bedrooms. The common price in the area over the past year is $1,452,528, an increase of 22% over the same term last year. The average freehold premium over the same time is $1,693,321 in comparison to the average condo rate of $854,695.
Many condo dwellings in the vicinity are well positioned near schools, parks, restaurants, churches, libraries, shopping plazas, health centres, recreation facilities and other essential services. This community is one of the quietest neighbourhoods in the city, contrasting with its noisy neighbour Bloor West Village. It enjoys a slower, more cozy tempo, making it some of the most envied and precious real estate in town, largely in part for having vast spacious lawns and custom homes.
The neighbourhood is served by the TTC by means of the Old Mill, Royal York, and Islington subway stations. Several bus routes run along essential streets as well. Those who prefer to travel by vehicle are about twenty minutes from downtown by ways of either Bloor Street, The Queensway, or Lakeshore Boulevard.
In the last decade, the area has seen important changes in the varieties of property found here. Construction of numerous high density condo developments have sprung up alongside the more important routes within the neighbourhood. This has provided opportunities for a broader demographic, as well as a change in landscape and influx of population.
Given the excessive housing charges, this is not currently the best neighbourhood in which to invest, but with the implementation of newly constructed residential mixed-use condos in the area, there will soon be more reasonable housing alternatives, and with those alternatives will come and inflow of young professionals and couples. The neighbourhood consists of many of Etobicoke's most prestigious addresses. Why wait? You should jump at the opportunity to buy or invest in this captivating part of the city.
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