Are you looking to buy a beautiful new home in Etobicoke? Etobicoke is loved for its central location while also being somewhat out of the busy city. Pre-construction condos in Etobicoke are a must-see for new buyers.
Before buying, be sure to read through to the end of this article to see the most popular neighbourhoods in Etobicoke, the average prices of homes and condos over the years, and even entertainment and employment opportunities right inside the core of the city.
Etobicoke is a popular place to live with a unique lifestyle to suit everyone. Which neighbourhood interests you the most?
Popular Neighborhoods for Pre-Construction Condos in Etobicoke
Some neighbourhoods in Etobicoke stand out for being the most popular among residents. Each has its own personality and lifestyle that suits a unique population. One of them is sure to suit you based on your own preference and lifestyle needs.
At the top of the list, we have the prestigious Queensway neighbourhood, known and loved for the gorgeous waterfront view just outside your doorstep. This neighbourhood is filled with bungalows and condos, and many of the pre-construction condos in Etobicoke are going to find their way into this up-and-coming area.
Close to other popular areas like Sunnylea and the Kingsway, the Queensway is known to have entertainment options galore. Much of the area is being rebuilt to serve as a functional neighbourhood for those who enjoy the environment.
Next on the list is Six Point, a neighbourhood full of lively events a fun atmosphere. This area as well is undergoing massive construction that will see a bright future and many new amenities, such as abundant shops and bars to enjoy.
Six Points is a walking distance to everything you’ll need and the pre-construction condos are a great price for the prime location that comes with them.
Humber Heights is in a central location, not far from downtown Etobicoke or downtown Toronto. This area is seeing massive newbuilds that accommodate young professionals and has plenty of prosperous job opportunities for newcomers.
The Humber Heights area sees great architecture in homes and is a bright spot to search out a new house. Houses here are currently at a great place because of the new popularization of the area.
Mimico neighbourhood is on the southeast end, closer to the downtown core of Toronto. This area is packed with restaurants and trends shops owned by locals who the residents enjoy. With a great walking score, this neighbourhood is filled walking and biking paths for easy transportation.
Mimico is also not far from the waterfront and the neighbourhood has a sense of charm like no other. New builds are also popping up around here, so keep an eye out for beautiful, never before lived in condos.
Lastly, we have Stonegate, a neighbourhood full of condos and new-builds. Stonegate is a beautiful neighbourhood in a prime location close to Go Train stations and commute options, making it a great option for those looking to work nearby or in a neighbouring city.
Average Price of Pre-Construction Condos in Etobicoke
Average home prices in Etobicoke differ by type of house, such as standalone or condominiums. Standalone homes tend to be more expensive and give you larger lots in the more suburban areas. These detached homes sell for an average of $1,300,000 in 2021, which has increased over the past few years.
Condos, on the other hand, vary in price by neighbourhood and are typically more centrally located than other houses are. The chart below outlines the average price of new pre-construction condos in Etobicoke over the past few years:
This chart emphasizes the growth in value of Etobicoke condos over past years, which is not expected to slow down any time soon. Homes here are considered a good investment as they continue to grow in value.
Transportation in Etobicoke
Etobicoke transportation is vast, relying on the Toronto Transit Commission to help residents commute to and from the city. This includes buses inside Etobicoke to get you around the city and also into neighbouring GTA cities.
Etobicoke also offers Go Train stops that will take you to Downtown Toronto for work or entertainment any day of the week. These options are reasonably priced and very efficient for those who rely on local transit to get around.
Entertainment in Etobicoke
Entertainment in Etobicoke includes both indoor and outdoor options for everyone to enjoy, regardless of your choice of fun.
Well-known indoor actives include Casino Woodbine which is loved for late-night fun and adventure with friends. Theatres and concert venues are also placed within the city for festivals all year long. Indoor opportunities are vast for your time off and will allow you to immerse yourself in your city to explore all it has to offer.
Water parks can also be found throughout the city to enjoy the nice spring and summer weather. If outdoor activities are what you enjoy, you can also check out the many greenhouses, such as Centennial Park Greenhouse, or one of the many parks near the beautiful trails.
Employment Rate in Etobicoke
The local Etobicoke employment rate is 5.0%. The city offers plenty of job opportunities for residents as features a downtown core filled with businesses and companies looking for new employees.
For a short commute, you also enter downtown Toronto to see what other job opportunities waiting for you. The hub here features jobs in all industries, and it’s common for Etobicoke residents to commute to Toronto while living outside of the city. The city offers employment assistance for those who need it, especially newcomers looking to land a job they love.
Facts About Etobicoke
To conclude the information you’ve read already, here are a few more eye-catching facts about the city of Etobicoke.
- Etobicoke is a weird word that many mispronounce – and that is because of the silent ‘k’. The word was actually derived from the Ojibwe work “wadoopikaang”, which was used to refer to a place in which trees grow.
- The Northwest Etobicoke area has its very own ghost town. Before building of the city effectively took place, another town sat on the land, which is now believed to be home to spirits. Spooky!
- The first piece of the giant 401 highway was built in none other than Etobicoke.
- Some of the city’s oldest homes were built as early 1802.
- One of the Toronto Maples Leaf’s practice centres is located in south Etobicoke.
Etobicoke is one of the best up-and-coming areas supporting pre-construction condos and newbuilds for residents to take advantage of. Etobicoke may become one of the next central working hubs, so getting into a new place before a boom takes place can be a smart move for buyers.
The entertainment options are endless, and the commute options nearby make it easy to enjoy them all. The job opportunities in this area and surrounding areas are also plentiful and give newcomers the chance to find their dream job while living in a brand-new home.
Be sure to check out the new pre-construction condos around the Etobicoke area to enjoy all the city has to offer.