As the cost of the average traditional home in the GTA spirals to $1,018,148 and the cost to own a condo is on average $588,168 (a difference of $429K according to the Toronto Real Estate Board’s April market report), many buyers with families are turning to condos as their only economical option.
If you consider that in many cases, condos generate equity at a stronger, steadier pace than the typical detached home and if you buy the right unit, you may be able to upgrade your living situation to a family home sooner than you think-- then you understand why family-friendly condo developments in the GTA has become an emerging housing segment.
As a first-time homebuyer or investor, it can be a challenge to sort through all of the offerings to determine where your money will go the furthest. So if you will be moving with children or you are an investor looking to meet the housing demand head-on-- look for a building that will offer a variety of spaces for families to grow in.
Here’s our short list of future, family-friendly developments coming to the GTA:
King’s Landing 3 South Tower: Activities Galore For The Whole Family
Developer: Concord Adex
Location: 1001 Sheppard Ave. E, North York
Occupancy Date: 2022
As the third and final phase of the well-received King’s Landing group of condominiums, this upcoming development represents the culmination of over a decade of unremitting efforts to create Toronto’s newest upmarket, family-inclusive neighbourhood.
Located at the centre of Concord Park Place, this condo stands to greatly benefit from the numerous family-friendly developments that are in the pipeline for this 45-acre site. Along the tree-lined promenades of this walkable community, families can partake in activities at the Bessarion Community Centre; a $86 million, 85,000 square-foot facility that will be packed with a gym, a pool, yoga facilities, a daycare and a branch of the Toronto Public Library to make it into the city’s largest mixed-use community space.
Planned exterior amenities for the building include the Grand Central Park right outside the front doors which will feature a chilled ice rink, a playground, and a reflection pond.
XO Condos: A Kid’s Zone In The Heart Of The City
Location: 1221 King Street West, Toronto
Have you ever dreamed of living the ideal urban lifestyle? For many families, this is thought to be an unrealistic dream, but at XO Condos, that dream can become a reality. At this residence there is something for every age group, especially the little ones and it’s all under one roof.
Just an elevator ride away, the development’s interactive Kids’ Zone is a space exclusively for the youth. The motivation behind this area is to encourage curiosity, improve dexterity, provide imagination stations, and to help children socialize with other children within the community. This exclusive amenity space will offer an art room, reading room, movie hub, and ball pit. There’s also an outdoor play area for a good dose of fresh air and fun, perfect for play dates or to host your child’s birthday party. Parents will surely appreciate these spaces fully-equipped to keep little minds engaged.
Simply put, the kids in your lives are well taken care of when it comes to this development in the heart of Toronto’s downtown area. XO Condos is the perfect community where you and your family can enjoy the best of modern, urban living.
One Crosstown: Schools & Transit Just Minutes Away
Developer: Aspen Ridge Homes
Location: 844 Don Mills Rd., North York
Occupancy Date: 2023
Often times, new developments do not sync up with new infrastructure like educational facilities and transit but the master-planned community, Crosstown, will have both before you receive your suite keys. Within minutes, the kids in the family can arrive at a local library, as well as Grenoble Public School, St. Bonaventure Elementary School, Don Mill Collegiate Institute, and Marc Garneau Collegiate Institute. Meanwhile, this area also proves to be a great off-campus residence for students attending York University Glendon Campus, located just 11 minutes away by car, or 40 minutes by transit.
And speaking of transit, what is more family-friendly than connectivity? This community will truly be more connected than the average GTA condo. Not only is this new development going up next to the Eglinton Crosstown LRT (opening in 2021-- which is 2 years prior to the completion of Crosstown Condos) but once the future Eglinton South Relief Line is up and running, commuting to all the wonders of Downtown Toronto will be even more effortless. With all the infrastructure upgrades happening in the neighbourhood, it’s imperative to get into this development at ground-level as prices are bound to increase and unit availability will become scarce.
Exchange District Condos: A Place For Your Pooch
Developer: Camrost Felcorp
Location: 151 City Centre Dr., Mississauga
The modern-day family can be big or small and for some, it can consist of one or more pets. Over the past decade, the number of households with pets has jumped and now 9/10 of potential buyers and renters will ask about multi-family development’s pet friendliness. There was once a time when multi-family developments didn’t accept our 4-legged family members but now developers are incorporating pet wash and grooming stations in their amenity space plans. Take the Exchange District Condos in Mississauga, for instance. This development will provide condo owners and renters with smart solutions to keep their dogs and units clean, especially after outings in the neighbourhood’s many parks. Not only will this developer offer a pet wash station but a dedicated pet entrance is also in the plan for the upcoming development. This new, dog-friendly project is making families of all kinds a priority.
River & Fifth: A Great Neighbourhood To Raise Kids
Location: 5 Defries St., Toronto
As the revitalization of the Regent Park neighbourhood continues, River & Fifth Condos is a great opportunity to invest in a burgeoning neighbourhood full of activities for the whole family. Within the building, families can make great use of the Children’s Room that comes equipped with game tables, video game areas and even a small kitchenette to help prepare playtime snacks. We anticipate this building becoming a haven for families but we couldn't go without mentioning how much the surrounding neighbourhood is an ideal amenity too. Regent Park is home to some of the city’s most popular kid-friendly landmarks.
The Regent Park Aquatic Centre
This state-of-the-art facility offers family change rooms and a pool with a slide, a rope swing and diving boards. There is a toddler and baby area with bubbles and various fun water fountains. Not to mention, in the summer, there is an outdoor splash pad to enjoy both the sun and some water.
If you’re a parent looking for a creative outlet for your kids, ArtHeart is a free, visual arts program for children between 5 and 15. This program runs 3 days a week and is a family drop-in centre on Sunday afternoons.
Named in recognition of the generosity-lead gift from The Daniels Corporation and The John Myrna Daniels Charitable Foundation. This innovative, cultural hub is home to many community organizations and it is where you’ll get a healthy dose of workshop and programs for the whole family. Activities at this facility consist of music, dance and arts programs.
Regent Park Farmer’s Market
Just across the street from Daniels Spectrum is the Regent Park Farmer’s Market. It’s open every Wednesday throughout the summer and it’s a great place to get all members of the family involved meal prep.
Buying a condo today could be the best way for you to achieve your dream of upgrading your family to a town, detached or semi-detached home in the near future. Connect with us and we can direct you to the right development for your family.