Don Mills Condos
Don Mills Neighbourhood
The current population in Don Mills is 25,435, and it is growing due to the influx of new condos for sale, which consists of a combination of mid and high-rise buildings that overlook the Don Valley. The abundance of public parks, hiking trails, outdoor spaces and even a golf course make this neighbourhood a nature lover’s paradise. The average income throughout the area is $47,515.
Don Mills is an integrated-use neighbourhood within the North York district of Toronto. It is a self-supporting "new town" that consists of commercial, residential and industrial sub-districts. It was able to be developed in this manner because it was planned by a private enterprise. It is bounded by the Don Valley Parkway to the east, Lawrence Avenue to the south, Leslie Street to the west and York Mills Road to the north.
It is certainly one of Toronto's best known and most recognized neighbourhoods. Landmarks in the area consist of the scenic Edwards Gardens and the picturesque Donalda Golf and Country Club. The commercial/industrial sector of Don Mills serves as the head office for Global Television Station, Toronto Real Estate Board, IBM Canada Limited, and many other prominent companies.
Don Mills is a popular and family oriented neighbourhood that has a city-suburb feel to it. This is due to the tree blanketed streets, huge lots, and an outdoor shopping mall with a village-like approach. It has high end restaurants, shops and a parkette in the centre of the town square, which is also edged by an impressive water feature. Convenient transit options that include a connection to the highway make this community an attractive choice for many.
Don Mills largely features condominiums, accounting for 65% of sales, accompanied by detached houses at 23% and townhouses at 6%. Condominium apartments are the most common trend and the majority of properties are two bedrooms. The average price in Don Mills over the last year was $801,694, an increase of 13% over that period. The cost for a newly constructed condominium over the past year was $452,014 as compared to the average freehold rate, which was $1,645,847.
Don Mills Road gives motorists a swift and smooth connection to the downtown core. The area is also outfitted with numerous on-ramps to the Don Valley Parkway, which is the best way to travel throughout the GTA. Bus routes along Leslie Street, Eglinton Avenue, Lawrence Avenue, and York Mills connect riders to the Yonge/University Subway Line, and the Don Mills bus transports you to Pape Station on the Bloor/Danforth subway line. With the arrival of the Eglinton Crosstown LRT that's scheduled to be completed in 2020, residents will have even better public transit options, as they'll be able to hook up with the subway line from the intersection of Don Mills and Eglinton.
Condos are a great option for those who want to live in this area but are unable to afford a detached house. There is a growing selection of condominium units to from which to choose in this neighbourhood. Don Mills has become a bustling community. It is due to become Toronto’s next big condo neighbourhood because of the whirlwind of developments that are currently underway.
With so much to offer it is not surprising that Don Mills has a very active real estate market. It is no longer a sellers market, and this could be good news for first time homebuyers looking to get into the game. If history is any indication, the demand for homes in Don Mills will always be solid. The time to invest is now.
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