Yonge and Eglinton Condos for Sale
Yonge and Eglinton is the mid-town hub for new condo construction and many older (read larger) units in the city – that are still affordable. In 2016, the Yonge and Eglinton neighbourhood was rated the #1 neighbourhood in the city. With Toronto City redefining density – the condo boom in the are will see in excess of 10,000 new and replacement units being built in the next 5-10 years.
With the new Crosstown Light Rapid Transit scheduled to be completed in 2021 – the density of the area is increasing. Yonge and Eglinton condos for sale are seeing prices as steady and the fact that there are a variety of newer and older units available. Prices range from around $500 PSF (per square foot) to over $1000 PSF depending on size, location, views, maintenance fess, etc.
Yonge and Eglinton condos for sale come with such a variety of choice, when you begin to look to purchase a condo – in mid-town – you need to be clear on your parameters. Know what your budget is prior to starting your search. It is important to meet with your banker or mortgage broker to get your price point from which to shop.
Yonge and Eglinton condos for sale have many units that will only have partial views or will have views now but other condos are set to be built that will partially or fully block existing views. Having a real estate professional who works in the area and knows what is going to be or have been proposed to be built is most important, especially in mid-town.
For young people wanting to be close to work but not in the core of the city, Yonge and Eglinton is the place to be. For first time home buyers and downsizes, size and location of condos are great. All the services one would need are in the area. There are amazing places to dine, a variety of grocery stores, retail shopping and pubs abound.
Yonge and Eglinton is a great place for young families and those wanting to be close to everything without being downtown. It’s close to everything and there is no need to have a car – with ride sharing options, the TTC, Uber and Lyft – you can get wherever you need to go without the expense of having a car in the city.