- Yonge and Sheppard may be situated toward Toronto's outskirts, but the location is an excellent spot to invest in Condo.
- King West can be referred to as a hip and trendy area.
- CityPlace is situated West of Bathurst Street and accommodates a home landing park.
Investing in Toronto real estate industry is one of the lucrative investments to watch out for in 2021. Being the largest city in Canada, Toronto’s real estate market has proven to be profitable for investors due to its competitive friendliness, technological advancement, high-security level, a booming economy, among other factors.
Toronto Condosoffers varying features and pricing for different people, and its availability across districts and towns gives investors multiple options of most-sought-after places to invest in. CondoMapper International allows real estate investors to purchase houses in Toronto at relatively affordable prices.
Hence, this article entails a list of seven Toronto locations for you to choose from when considering condominiums to invest in. For instance, you can invest incondo apartments in areas like Grand Trunk Cres, John St, Bloor St W, Rathburn Rd, Webb Dr-Unit, Kingston Road, and Abell St.
Best Places to Invest
1. Downtown Toronto
Over an extended period, Downtown Toronto has been a superb place for people to invest in the Condo. Real estate in Toronto has high appreciating value and great demand in the rental world. That is why a large number of condo investors in Toronto can rent out their spaces remarkably quickly.
The condos in Downtown Toronto go through a 10% appreciation in value per year compared to average Toronto apartments that do not appreciate much in value.
2. Yonge and Sheppard
Yonge and Sheppard may be situated toward Toronto’s outskirts, but the location is an excellent spot to invest in Condo. It is one of the Prime addresses in North York for rentals (condos and houses) and among the areas witnessing rapid condo development, with the slightest possibility of slowing down.
Because it is located far north, you will find competitive prices, increasing condo owners, and heightened property demand.
3. King West
King West can be referred to as a hip and trendy area. This neighborhood was a district stuffed with unused warehouses just years ago. It is known to young professionals who would like to live an urban lifestyle as this location comprises some of the well-frequented bar scenes and nightclubs in Toronto.
This area provides a vast array of property options to invest in, with its condos quickly becoming a fascinating residential type. King West has also introduced new streetcars for commuters and residents, thereby making transportation much easier.
Yorkville is situated Northside of Bloor Street, with Yonge Street located at its West. It features one of the unique shopping districts in Canada and high-end restaurants and premier hotels. The area is known to harbor International Companies’ offices such as Twentieth Century Fox and IBM and has high-end boutiques like Bulgari and Burberry. So you may find some condos in Yorkvillebeing a little priceyfor their exclusive amenities. Besides, investing here gives hope of high returns on investment.
5. Liberty Village
This is an inclined art district situated South of King Street W. One of the reasons for it being a remarkable area to invest, is its location, as it is not far from the Fashion and Entertainment Gallery of King St. West.
Additionally, its financial institutions are a few minutes away,where you commute via streetcars. It’s a comfortable place to live and work.
In the last few years, the district has also become prominent with renters searching for affordable residential options, mainly because it features an active community and a host of public amenities.
CityPlace is situated West of Bathurst Street and accommodates a home landing park. Not far away from Toronto’s financial district, CityPlace has turned out to be an evolving and quick growing district known for its increasing populace and a spur of services and merchants. It is likely to be set up as a top residential area in Toronto upon completion.
The district is nestled between the Gardiner Expressway and Union Station, thereby making it very reachable. It is also in proximity to Liberty Village and King Street W.
7. Leslieville and the Beaches
Both communities are located along Queen Street’s eastern region. At first, Leesville was inhabited by the working class, but it has since matured to occupy people with different income levels and includes restaurant buildings, coffee houses, and art galleries.
CondoMapper International offers prospective real estate investors a convenient means to invest in/purchase condo of choice online that can be sold and rent out later for profit maximization after experiencing a considerable increase in market value. These condos range from as low as $1800 to an average of $200000 – $599999 and as high as $3.1 million.
Therefore, when considering condo investment, have in mind that many factors can contribute to increasing your property’s value when you intend to put it up for sale in the future. Some of these factors include the job prospect and booming economic activities of the town/district, nearness to the road, market/store and banking, security, and social lifestyle.