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Carleton Village Condos
Carleton Village Neighbourhood
Carleton Village is a working class neighbourhood. Today, it is populated mostly by Italian, Asian, and Portuguese families. It's focal point is along Davenport Road, and it borders St. Clair Avenue West to the north, Pelham Avenue to the south, the Canadian National Railway to the east and Old Weston Road to the west.
Based on the census, the neighbourhood has approximately 6,544 residents, and the average income is $23,301. The residential area is primarily occupied by single-family Victorian style homes. A considerable amount of homes have also be converted to multi-family occupancy, in addition to newly constructed condominiums in order to accommodate rental demands in the area, as well as to enhance a modernized appeal to the neighbourhood.
This community largely features semi-detached houses, accounting for 57% of sales, accompanied by detached houses at 17% and condo townhomes at 10% each. Two-storey homes are the common trend and the majority of homes have three bedrooms. The common price in this community over the past year has been $652,998, an increase of 14% over the same timeframe. The average freehold price over the past year was $747,763 in comparison to the average cost of condos being $412,158, over the same period.
Transit is made easy with the TTC. The Davenport bus and the St. Clair streetcar ably connect riders to the Yonge/University subway line. Davenport Road and St. Clair Avenue West are the main streets that serve the neighbourhood, and through these, motorists can access everywhere in the city with ease.
Along St. Clair Avenue, there is a shopping district aptly named “St.Clair Gardens,” which caters to local residents. Numerous cafes, restaurants, quaint shops, and other services are available here. Several big chain retail stores have set-up shop at the intersection of St. Clair West and Keele Street, which have created additional amenities for its locals. Dufferin Mall and the Galleria Mall are also in close proximity.
There are at least eight local elementary schools and five secondary schools within walking distance. Wadsworth Park and Earlscourt Park are two local recreation areas that provide an outdoor skating rink, sports field, wading pool, and playground.
There is a proposed expansion that is slated for the redevelopment of the Galleria Mall, which is located at the intersection of Dufferin and Dupont Street. It will feature a mixed-use block with a combination of commercial, office, and residential living space above and a reconfigured park area.
With its affordability and its close proximity to the city core, many younger families and single professionals are buying into the neighbourhood. Many townhomes, lofts and apartment condominiums have been developed.
A new mid-rise condo will be erected at 1771 St. Clair Avenue West. It will be a six storey, seventy-two unit structure. Sale prices for the pre-constructed units will range from the high $200,000’s to the low $600,000’s. The anticipated completion date is set for 2019.
Many first time buyers, downsizing retirees, and investors are looking to find somewhere in downtown Toronto in which to invest their money without breaking the bank. This makes Carleton Village a great option for those who are looking to enter the real estate market.