List of New Condos in Plains Neighbourhood
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Investing in Plains Real Estate
Investing in Plains real estate is a combination of residential comfort with its proximity to essential amenities, making it an appealing choice for potential investors. Plains Park, a centrally located green space, not only enhances the overall living experience but also provides residents with recreational possibilities. The neighborhood’s strategic positioning, with easy access to major thoroughfares like Plains Road and King Road, ensures straightforward commuting options and connectivity to neighboring areas. Plains is also recognized for its nearness to the Mapleview Shopping Centre, granting residents uncomplicated access to a variety of retail, dining, and entertainment options. Proximity to respected schools like Tom Thomson Public School adds to its allure, particularly for families prioritizing educational excellence. As Plains continues to be in high demand as a residential hub, investing in its real estate not only assures a comfortable living environment but also holds the potential for sustained growth and a well-rounded lifestyle near essential amenities and landmarks.
Why Buy Pre-Construction Condos In Plains?
Investing in new condos in Plains, Burlington presents several benefits, including the opportunity to acquire a desirable unit at a lower price before completion. Notable advantages of buying pre-construction condos in Plains include affordability and investment potential as property values tend to appreciate over time. Buyers can personalize their units by selecting finishes and fixtures, creating a living space tailored to their preferences. These new developments often offer modern amenities such as fitness centers, rooftop terraces, and swimming pools, enhancing residents’ lifestyles. Proximity to Plains Road with its range of shops and eateries, as well as nearby parks like Bayshore Park and LaSalle Park, provide convenience and opportunities for outdoor activities. Plains’ growth as a desirable neighborhood, its tranquil ambiance, and proximity to natural areas make it an attractive place to live and invest.
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Entertainment & Recreation In Plains
Plains presents a diverse range of entertainment and recreational venues to cater to various interests and lifestyles. The Burlington Performing Arts Centre, situated at 440 Locust Street, serves as a cultural hub, hosting live theater, music concerts, and dance shows. Nestled along the picturesque waterfront, LaSalle Park at 50 North Shore Boulevard offers abundant recreational activities, including walking trails, picnic areas, sports fields, a marina, and a splash pad. Another waterfront gem, Spencer Smith Park at 1400 Lakeshore Road, offers breathtaking views of Lake Ontario, a promenade for leisurely walks, playgrounds, open green spaces, and hosts numerous festivals and concerts. Art enthusiasts can indulge in the diverse visual arts exhibitions, workshops, and classes at the Burlington Art Centre located at 1333 Lakeshore Road. For fitness, sports, and community engagement, the Plains Community Centre at 330 Plains Road East provides amenities such as a gymnasium, fitness studio, indoor pool, and meeting rooms. With these outstanding options, Plains offers residents a vibrant and fulfilling lifestyle.
Average Price For Condos In Plains
In 2023, pre-construction in Burlington the average selling price for condos was $901 per foot. In the quarter of 2023 new condos in the Greater Toronto Areas 905 region had a price of $1,172 per square foot. Comparatively in the City of Toronto the average price per foot was $1,673, which is considered low for Burlington. The benchmark price for a resale condo by the end of 2023 in Burlington was $617,500. This represents an increase of 2.63% compared to year. As time goes on things tend to become more expensive and as a result more people are opting to rent homes or buy them. This shift can be attributed to factors such as an influx of residents into the area and challenges with affordability when it comes to purchasing properties alongside ample job opportunities available. Rental rates for condos in Burlington have been steady. Reached an average of around $2,195 per month during the quarter of 2023. This indicates a growth rate of 9% when compared to figures from the year. The demand for purpose built apartments has been outpacing supply leading to a decrease in vacancy rates, within Burlington’s market which currently stands at just 0.4%.
