Sorry, no listings were found.
Scarborough New Condos
Sorry, no listings were found.
Condo Living in Scarborough
Scarborough has long been a popular alternative to downtown Toronto living and is the eastern most boundary of Toronto, bordered by Victoria Park Ave to the west, Steeles Ave to the north, The Rouge River on the eastern side and the glorious Lake Ontario to the south. One of the largest areas in Toronto, the population is roughly 650,000 people and is known as one of the most diverse parts of the Greater Toronto. Scarborough Condos range from classic to modern themed layouts and designs and with many offering all sought after amenities such as a fitness rooms, pools and parking, from a master-planned community with top-notch amenities to boutique condo apartments which are surrounded by green space, there is a perfect option available for every buyer.
There are 25 neighbourhoods within Scarborough and some of Toronto’s most popular landmarks are located here such as the Scarborough Bluffs, The Rogue Valley and even the Toronto Zoo. With it’s close proximity to downtown and the 401, beautiful beaches and reasonable prices, Scarborough certainly is a great place to be. Scarborough’s motto is: ‘Home Above The Bluffs’.
Scarborough Real Estate Condo Prices
Scarborough real estate market prices on an average across the board for condos, townhomes, detached and semi-detached properties stands at $850,000, as of January 2022. It shows an yearly increase of 4.6%.
For Scarborough condos, prices have increased for 1-bed, 2-bed and 3-bed condo suites.
- For 1-bedroom condo in Scarborough, the price stands at $423,000, showing a 21% increase over the year. A year ago, the price was $349,000.
- For 2-bedroom condo in Scarborough, price is at $407,000, showing an increase of 4%. A year ago, the price was $391,000.
- For 3-bedroom condo in Scarborough, prices stand at $423,000, showing an increase of 1%. A year ago, the price was $420,000.
Prices of condos differ according to location, suit sizes and other specifications such as amenities included in the condo.
As for townhome prices in Scarborough, there has been an overall decrease in prices, as of January 2022. A 3-bed townhouse in Scarborough is priced at $465,000, showing a 26% decrease from last year. A year ago, the price was $631,000.
A 3-bedroom detached home in Scarborough has shown a fall in prices. As of January 2021, the price of 3-bed detached home in Scarborough stood at $1.4 million, showing a decrease of 22%. Last year, the price was 1.8 million.
Price of a 4-bedroom detached home in Scarborough stood at $1.7 million, showing a 31% increase in prices from last year. A year ago, the price was $1.3 million.
Scarborough Transit Options
Condo in Scarborough is a great launching point to commute to work and travel around the G.T.A and beyond with so many transit options for Scarborough including LRT(Light-Rail Transit), streetcars, bus routes, the subway line and GO Transit. Getting around is incredibly accessible and easy. Many buses run 24-hours on the main streets, so regardless of what time you decide to head on home from a night in the city, you can do reliably.
Scarborough is served at the eastern end of the Bloor/Danforth Line of the subway and LRT system. Victoria Park, Warden and Kennedy are the three subway stations dedicated to serving the area. Kennedy Station is where Scarborough LRT originates, it runs north and east toward Scarborough Town Centre. The GO Transit authority has two major commuter train lines running across Scarborough, and it operates seven GO train stations.
New development projects in the nearby area are Oshawa Condos, Pickering Condos and Ajax Condos.
Scarborough Condo Trends & Facts
The city has a plan to turn Scarborough into an urban haven. There are already some 4,200 condominium units planned in all of Scarborough Centre, with applications for 2,300 more units on the horizon. Long known as a popular destination for immigrant families, Scarborough has lots of great communities close to schools and places of worship. All the condo development that has happened over the past 20 years, has just added to the interest in this area. Top Toronto Condo developers like Tridel, Monarch, Conservatory Group, Daniels and Lash group etc are attracted to developing condominiums projects in the Scarborough because of lower prices outside of the downtown core.
Find New Condo Developments in the Neighbourhood
Scarborough has as many of 25 neighbourhoods, each offering residents a unique lifestyle. With condos, homes, rentals, parks, shops, restaurants, culture, festivals and more, Scarborough neighbourhoods have something for everyone. Scarborough and condos pretty much go hand-in-hand. Scarborough tasted the condo boom from last 20 years and but some areas are hotter than others. These are Scarborough’s hottest neighbourhood for condos right now.