If you’ve been thinking about buying a home in the GTA, you’ve probably considered a fair few different locations to invest your money in.
While downtown Toronto offers amazing access to local amenities, the prices per square foot can be exceedingly expensive. However, the further you venture away from the city centre, the more you end up compromising on convenience and proximity to day-to-day needs and entertainment.
In my opinion, the communities that makeup South Etobicoke strike that perfect balance between affordability, accessibility, and lifestyle, making it the ideal area for new home buyers to invest in.
To find out more about why you should seriously consider buying your next home in South Etobicoke, read through my compelling list of neighbourhood attributes here.
The Lot Sizes Are Fantastic
If you’re coming from a crowded area like downtown Toronto, one of the top priorities on your new home shopping list is probably a bigger floor plan, especially if you’re a move-up buyer looking for your next family home.
If that’s the case, then you’ll find both the lot sizes and house sizes in South Etobicoke a breath of fresh air — and the best part is, you won’t have to travel too far to get back downtown. South Etobicoke is just minutes away from Toronto’s city centre, which makes daily travel a breeze for commuters who work downtown.
If you’re looking for a home with more space, chances are you’re probably looking for one with more privacy too, which the generous lot sizes in South Etobicoke afford too. Most streets here are lined with mature trees and ample yard space, which helps provide both a sound and sight barrier between the detached homes.
Plus, along with the homes’ larger footprints comes the potential for South Etobicoke homeowners to completely revamp or reconstruct their homes to build their ideal “forever homes”. Because of South Etobicoke’s large collection of dated bungalows, it’s common for new homeowners to purchase properties solely for their lots and locations before tearing down the existing structures and building custom homes from scratch.
South Etobicoke’s real estate market is full of authentic mid-century bungalows. Whether you want to preserve one of these historic homes for yourself or tear one down and build your ultimate ‘forever home,’ you need to know what to look for. Use these informative guides to help you along the way:
The Lifestyle Is Unbeatable
As I mentioned above, one of South Etobicoke’s best features is its close proximity to downtown Toronto. All of the amazing activities and amenities of Canada’s largest city are just a short 20-minute drive away from South Etobicoke, though that’s not to say there isn’t anything exciting going on right here in the local community either.
In fact, many South Etobicoke residents rarely even venture into downtown Toronto as everything they need can be easily found close to home. And, with the ongoing development of new shopping centres, grocery and retail outlets, recreational centres, and more, there’s always something new and exciting on the horizon here.
No matter what your hobbies and interests are, I’m sure you’ll find there’s a neighbourhood in South Etobicoke that will suit your lifestyle perfectly. Whether you want to live by the lake, by the trails, close to our impressive shopping centres, or near public transit and our GO Stations, South Etobicoke has it all.
It’s Affordable For Many
While much of South Etobicoke is characterized by our generously sized homes and lot sizes, these large detached homes aren’t all the area has to offer in the way of the local real estate market. If you’re a single person or a young family that doesn’t necessarily need lots of space, or you’re looking to find a home at a lower price point, then you can find exactly what you’re looking for in South Etobicoke too.
In some parts of South Etobicoke, like the neighbourhoods of New Toronto and Mimico, there are still many smaller lots available at more affordable price points, which make for perfect starter homes for young families or individuals.
Alternatively, if you’re more of a condo person, then there are a ton of great newly-built condos situated in the scenic Queensway-Humber Bay area, which is located at the vibrant intersection of Lake Shore Boulevard and Park Lawn Road. These modern condo buildings featuring expansive views of sparkling Lake Ontario and the downtown Toronto skyline offer ideal opportunities for first-time homebuyers to get into the market at an affordable price.
Whether you’re eager to buy your first starter home or you’re just curious to know more about what homes are selling for in South Etobicoke, you learn more about buying in our local market through these helpful links:
Interest Rates Are Low
Speaking of price, right now is one of the best times for homeowners — both new and experienced — to invest in the local real estate market. At the time of writing this, mortgage interest rates are still enticingly low as a result of the COVID-19 pandemic.
Whether you secure a mortgage pre-approval from a bank or a private mortgage lender, interest rates right now are at a comparably low price across the board compared to recent historical rates over the past few years. If you’re thinking about buying a home and you’ve been pre-approved for a mortgage, there’s almost no better time to enter the market and invest in a new home.
Combine that with the relative affordability of South Etobicoke real estate along with the area’s rapid expansion and development, and you’re looking at an incredibly unique opportunity to make an intelligent long-term investment in the real estate market.
Considering a move to South Etobicoke in the near future? I can help turn your dreams into a reality. Call or text me at 647-239-7587 or send me an email at melissa@southetobicoke.com to get started.
Want to know how much homes in South Etobicoke are selling for?
Sign up for my Sold Report.
