Etobicoke Condos & Townhomes
Condos & Townhomes for Sale
Investing in Etobicoke: A Growing Multicultural City
The thriving cities of Mississauga and Toronto are on each side of Etobicoke, a municipality of Toronto, Ontario. The Humber River runs along the east side of the city, which is situated along the shore of Lake Ontario. Despite the area’s growing urbanization, Etobicoke has kept its waterfront parks and green spaces. Almost 360,000 residents call the city home, and they come from a variety of backgrounds. Etobicoke is a Toronto municipality with a multicultural population. Couples without children make up a major portion of families, while those between the ages of 25 and 44 make up the largest age group. High-rise condominiums are the most prevalent type of housing in Etobicoke, followed by single-family homes and mid- to low-rise condominiums. As more and more people relocate to the city, Etobicoke is home to a variety of new condo buildings. By making an investment in real estate in Etobicoke, you will also benefit from convenient proximity to important economic centers like Mississauga and Toronto, where there are several job prospects within a 30-minute commute. It is simple to get around the city and the Greater Toronto Area using the 400-series motorways, Gardiner Expressway, and the QEW. The Toronto Transport Commission (TTC) and GO Transit provide public transit.
A prime location for new condo investments:
Due to its desirable location, Etobicoke is a great spot to invest in a new condo building. Many options for real estate investing, professional advancement, and educational opportunities are accessible in the region. The city has had a variety of construction projects, from detached homes to condominium towers. Residents in Etobicoke will have access to a range of employment opportunities and educational resources by purchasing a new condo there. The most popular professions in Etobicoke are management, trades and equipment operations, business and finance, education, law, and government. Also, the area has quick access to Mississauga and Toronto, both of which offer a wide range of job options. Also, Etobicoke residents have easy access to the GTA’s many postsecondary educational institutions. Less than an hour’s drive from Etobicoke is Ryerson University, the University of Toronto’s St. George Campus, and the Lakeshore Campus of Humber College. The Toronto District School Board and the Toronto Catholic District School Board provide elementary and secondary education in Etobicoke. Etobicoke is covered under the Places to Grow Act because it is a part of the Greater Golden Horseshoe. The Growth Plan seeks to assist citizens in all Greater Golden Horseshoe regions in making living simpler and more affordable. The plan promotes economic expansion, increases the supply of homes, generates employment, and builds local communities. As a result, Etobicoke offers several chances to invest in brand-new condos.
Etobicoke’s skilled workforce and industrial employment:
Having completed post-secondary education, 64% of the people in Etobicoke have a highly skilled workforce. Sales and service, business and finance, management, education and law, and trades are the top five professions in Etobicoke. The main industries of Etobicoke are health care, retail trade, financial and insurance services, scientific and technical services, and educational services. Top employers in Toronto include the Toronto District School Board, CIBC, Scotiabank, Magna International, TTC, and TD Bank. Since that Etobicoke is a part of the City of Toronto, a wide range of employment options are easily accessible there.
Condo prices and rental rates:
Condos sold for an average price of about $995,714 for all types of properties in Etobicoke (Toronto West) during the current year of 2021, according to TREB statistics. In 2021, the average price of a condo in Etobicoke will be $653,752, and the listing period will last 13 days on average. The average cost of a condo in Etobicoke is less than the regional averages for the GTA and Toronto, which are $716,976 and $682,280, respectively. An apartment in a studio condo typically costs $1,400 per month to rent. For one- and two-bedroom apartments, the average monthly rent is $1,715 and $2,200, respectively. Etobicoke is a part of Toronto, and the benchmark condo price there is $660,400, which is a change of 4.69% from the previous year.
Transportation options for Etobicoke townies:
Purchasing a brand-new apartment in Etobicoke offers quick access to numerous motorways and transit alternatives. The Toronto Transport Commission (TTC) and GO Transit offer transit services in the area. At the GO stations in Long Branch, Kipling, Mimico, and Etobicoke North, locals can access GO Transit services. Union GO Station is just one or two stations away from all Etobicoke GO Transit lines, all of which have a connection to Downtown Toronto. Line 2 of the TTC Subway, which has three stations in the Etobicoke area, offers another choice for commuters traveling to Toronto. Residents can travel less than 30 minutes to Downtown Toronto by taking the TTC Subway from Kipling, Islington, or Royal York Station. Etobicoke is serviced by numerous bus lines and a few streetcar lines. The TTC provides Community Buses and Wheel-Trans Services for Etobicoke residents who require accessible transportation options. Wheel-Trans services are accessible twenty-four hours a day, seven days a week, however, users must arrange their excursions either online or over the phone. The TTC has equipped its vehicles with the technology to eliminate travel barriers. The TTC has kneeling areas and ramps on its streetcars and buses to make it easier for people using mobility aids to board vehicles. Also, all TTC vehicles have Priority Seating, which reserves seats and space for passengers who use wheelchairs, have disabilities, are old, or are pregnant. Riders may go to and from Kipling Station and Pearson International Airport in 10 minutes by taking the 900 Airport Express bus service. Those who drive have access to the QEW, Gardiner Expressway, and Highway, which connect to Highway 401, for travel to other areas of the GTA.
Neighborhoods to consider for new condo construction:
Around 20 different neighborhoods, each with a special character, can be found in Etobicoke. If you’re looking for a new condo in Etobicoke, have a look at the areas of Mimico, Queensway, Islington City Centre, Eatonville, and Kingsway. A neighborhood called Mimico is situated along Lake Ontario in the southern part of Etobicoke. The Mimico neighborhood is filled with parks, trails, and green spaces. Residents who must commute to Toronto use Highway 427, the Gardiner Expressway, Mimico GO, or both. Mimico has a large number of freshly constructed detached homes and high-rise condos. Local cafés and businesses can be found along the Mimico waterfront, and there are also paths that locals may use to go cycling or walking. Queensway, which is north of Mimico, is a fantastic neighborhood with several brand-new condo constructions. Residents of Queensway can easily go to downtown Toronto in 20 minutes by taking the Gardiner or the TTC’s Line 2 (Bloor-Danforth). Parks like Jeff Healey Park and South Humber Park are close by for Queensway residents to enjoy the outdoors. The Toronto Catholic District School Board and the Toronto District School Board jointly run eight schools in the Queensway neighborhood. Because of its convenient proximity to shopping centers, public transportation, highways, and open spaces, Islington City Centre, a residential and business district, is a wonderful site to look for a new condo in Etobicoke. With easy access to Highway 427, the QEW, and the Gardiner Expressway, Islington City Centre is located. CF Sherway Gardens, Smart Centres Etobicoke, and Kipling-Queensway Mall are just a few of the several shopping centers in the region. Aside from having two TTC stations (Islington and Kipling) and one GO station (Kipling), the neighborhood also makes it simple to travel between Etobicoke and Toronto. Eatonville, a neighborhood that values families, is located to the north of Islington City Center. The majority of Eatonville’s dwellings are older pre-existing buildings, while there are also some freshly constructed homes close to Highway 427. Kipling is the closest GO and TTC station in Eatonville, and it can be reached there in 5 minutes by automobile or public transportation. In Etobicoke, the Kingsway neighborhood is a wonderful spot to look for new condo construction. West of the Humber River, between Dundas St. West and Bloor St. West, is where you’ll find Kingsway. The majority of the properties in this neighborhood are single-family homes, townhomes, and condominiums. Along Bloor St. W., Kingsway residents have a wide variety of food and shopping opportunities. From the Royal York station, locals can take the TTC’s Line 2 to and from Toronto. With a brand-new condo in Etobicoke, you’ll have access to Mississauga and Toronto’s top-notch schools, transit, recreation, and employment options.
