Central Etobicoke, Toronto: New Construction Homes, Condos and Townhouses

It runs from the Humber River to the border of Mississauga. This strategic location makes it more desirable for people to get pre-construction condos. In addition, the Toronto condos have Toronto Pearson International Airport on the west by Etobicoke Creek bordering at the north by Steeles Avenue West . The pre-construction stage Etobicoke condos are situated only a few minutes away from transit options. The Etobicoke neighbourhoods like Park Lawn, Lake Shore, Royal York, Dundas, and Kipling are inviting to many Ontario residents of different backgrounds.

This only adds to Etobicoke‘s attractiveness to residents and investors alike. The diversity is also welcome since the community is more pleasant and more accommodating as a result. It’s what makes pre-construction condos a worthy investment. Etobicoke is located in the western quarter of the city of Toronto and sits along Lake Ontario. As an administrative district and former city, Etobicoke is a great place to live outside of the hustle and bustle of downtown Toronto. Besides, the area is home to several condos that feature panoramic views of the Toronto skyline.

Investing in New Pre-Construction Condos in Etobicoke

If you are thinking of selling your Etobicoke home, try our flat fee listing service, Our list fees start at $499, and may save you $15,000 in real estate commissions. Time is of the essence in today’s competitive housing market. Whether it’s a pre-construction project, or an existing new property for sale, Condo Shopper’s curated lists give you the advantage and keep you in the know. During the second to last step in the sales process, the developer notifies the pre-registrants that the pre-construction condos are up for sale. Sometimes, it can take developers up to a year or more to invite the pre-registrants to buy, especially if the condos are located in great areas. With local industry booming, the area has seen an increase in construction of new condominium towers, especially in places such as Bloor Street, as well as near Humber Bay.

Most of the real estate options are detached or semi-detached single-family homes, with condominium and apartment buildings built near Humber River and the waterfront. This is the last step in the selling process, when the developer presents the project to the general public. The best condos are usually sold by this point, so buyers have to pay more for less valuable units. Later, the developer invites VIP agents to start selling the pre-construction condos. During this step of the process, the prices grow and the incentives decrease or disappear altogether. For almost 60 years, Harvey Kalles Real Estate Ltd., Brokerage has been dedicated to offering professional service to all of our customers.

New Listings Near Etobicoke

It is a reasonably short drive to the closest highway, such as F G Gardiner Expressway, from anywhere in this part of the city, and coming across a place to park is quite easy. Most developers offer a limited number of exclusive deals for their friends and family members. During these sales, about 10% of the available units trade hands. The average price of sale for properties is between $982,000 and $1,164,000, with an annual change of 29% in 2021. This is a slightly higher price than what you would find in other municipalities in the GTA. Present day Etobicoke has a population of over 365,000, and is mostly known for its parks and lush landscape.

new homes for sale in etobicoke

Use our home price trends to better gauge local market conditions and plan your next move. The graphs below show benchmark or average prices of homes sold in the area. Data generated by MLS® Systems and the MLS® Home Price Index — Canada’s most advanced tool to gauge local home price levels and trends. Save this search to get email alerts when listings hit the market. With access to our Etobicoke, Ontario flat fee MLS listing service, you are set free from the dreaded six percent commission so often expected by traditional real estate agents. The outstanding feature of ByOwner is that owners get the same assistance given by realtors and their houses get the same level of advertising around the world.

List of New Pre Construction Condos in Etobicoke:

Just like the population, the real estate market in Etobicoke is vastly expanding. With a 3 year growth rate of 33.51%, it is a good time to be a property seller in the GTA. In 2019, the average selling price for pre-constructed condos was around $405,000. The price per square foot was $647, with a yearly increase of 6,1%.

new homes for sale in etobicoke

The first road was built along the shore of Lake Ontario in 1791, and it is still there in the present day - Lake Shore Boulevard. Located in the southwest of Toronto, this idyllic coastline suburb is a fast growing center for commerce and living. Etobicoke is one of Toronto’s five urban growth centers. It is the fastest growing of the five, and it encompasses about 0,7% of Toronto’s employment capacity.

In Etobicoke, families will usually be able to access daycares and schools on foot. Regarding food, it is easy to get to the nearest grocery store on foot in this former municipality. In addition, those who like to dine in restaurants will have a good number of opportunities, and a small selection of coffee shops is available as well. Regardless of the medium of transportation, it is reasonably straightforward to travel in Etobicoke. Etobicoke is a fairly pleasant part of Toronto for pedestrians; most day-to-day needs are easy to meet by walking. The car is usually the preferred approach to navigate Etobicoke.

About one third of properties in this former municipality were built in the 1960s and 1970s, while most of the remaining buildings were built pre-1960 and in the 2000s. This part of the city has a good variety of housing sizes, ranging from lofts to four or more bedrooms. About 60% of the dwellings in the former municipality are occupied by homeowners and 40% are rented.

Your source for Etobicoke's new single detached houses, townhomes and condominiums. You can also search for builders and models in Etobicoke, Ontario, Canada. In Etobicoke, about 40% of buildings are large apartment buildings, whereas the rest are mainly single detached homes.

One of the best places in this area is The Kipling Queensway Mall, which has over 23 branded stores. Cineplex Odeon Queensway is also the perfect location to catch the latest Hollywood blockbusters. There are also large-scale plans to build new residential homes along the Bloor West corridor. Capitalizing on this opportunity could be a good strategic move to any investor or aspiring condo owner. Etobicoke is home to one of the biggest head-office centers for several businesses. For instance, approximately 18,000 businesses are located within the area.

Central Etobicoke New Construction Real Estate Market

This is why it’s always good to invest early in condominium developments. Plus, pre-construction developments are sold in different stages, each of them with different advantages and disadvantages. In addition, the pre-construction condos in the area will be developed along Highway 427 in Central Etobicoke. These Etobicoke developments will extend to the Humber River, offering several condo units at different sizes for new residents. Surrounded by rock gardens, the Humber River Trail is a convenient location for exploring the Central Etobicoke neighbourhood, hence the pre-construction development.

new homes for sale in etobicoke

So, if you are considering investing in Etobicoke condos, we’ve put the following guide to show you why it’s an excellent location to choose for your condo purchase. There are 24 new home developments in Central Etobicoke, Toronto, a mix of high-rise and low-rise that are planned, under construction or recently completed. Our sellers save in the neighborhood of $average seller saves $15,000 by using ByOwner. With the aid and exposure ByOwner affords a For Sale By Owner, the profit is larger because financial cost to the seller is smaller. This step of the pre-construction sales process offers huge discounts, amazing unit choices, rebates, incentives, and more.

Part of the area sits along the waterfront, and Humber Bay is also close by. Many condo developments have the Centennial Park, Humber Bay Park, Colonel Samuel Smith Park and James Gardens around. These lush landscapes are perfect for walking the dog or taking a stroll through.

The range of educational institutions, retailers, government services, and churches, give Etobicoke a strong community feel. It’s what makes the area perfect for pre-construction development. Thus, anyone moving here will find a plethora of jobs and a low crime rate.

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