Greensborough Condos

Why invest in Greensborough Real Estate?

When it comes to investing in real estate, there is no better place in the Greater Toronto Area to invest than the city of Markham. The Smart Growth Models initiative intends on building a ‘walkable city’ which ensures the availability and abundance of all amenities within walking distance from each other and from you. Be it shopping, groceries, restaurants, cafes or even bars, you will find everything within comfortable walking distance from your home. The area also has several parks and green spaces that promote a healthy lifestyle. One of the best features about this neighborhood is that it has a little bit of everything for all residents. When it comes to the young demographic, most are working professionals who love to work and play. The abundance of transit options and the prime location of the neighborhood ensures a smooth commuting experience. The neighborhood also has an abundance of educational institutions, making it ideal for families with kids. Markham is an upcoming city and being its development stage, the prices of real estate here are comparatively lesser compared to its other counterparts in the Greater Toronto Area such as Mississauga and Toronto.

It has already been estimated that the population of the area will increase exponentially once everything is in place. This will ultimately increase the demand of houses and condo units. Investing now is the best option available as the prices are still affordable and reasonable. As per survey, the prices of real estate had surged 16 percent over a year which indicates that the value of your property will keep increasing over time. Renting out the place is also a very lucrative option as you will be ensured of a monthly income through rent. The neighborhood is ideal for LL households; however, families are most prominent in the community. The majority residents in Greensborough comprise two children who are usually young. This neighbourhood is a subtle, calm and serene neighborhood that is away from the disturbances of the big city; however, keeping you in proximity to ensure the availability and convenience at your disposal.

Accessibility / Getting Around

The excellent transit system is one of the best features of Greensborough. It is served well by public transportation thanks to the Yonge Region Transit. There are buses which run along Bur Oak Avenue, Major Mackenzie road and 16th Avenue which goes in both the east and west directions. All the bus routes here stop at the Markham Stouffville Hospital, which allows commuters to travel conveniently to the services of the VIVA bus rapid transit. Route 102 is another service which transports commuters to the TTC’s Bloor-Danforth line through the Warden Station. The GO Transit is available and offers the residents with train as well as bus services through the GO Station at Mount Joy, which is located at the corner of Bur Oak Avenue and Markham Road on the west end of the neighborhood. The area also has convenient access to several arterial roadways which allow motorists to travel effortlessly within the city. Highway 48 and Highway 7 are also easily accessible and allow motorists to travel conveniently to other parts of the Greater Toronto Area.

Average Prices of Condos in Greensborough

Detached houses are the most common type in Greensborough and account for 42 percent of the total home sales in the region. Townhomes are also available and account for 23 percent of the total homes sales, while condos are the least common here and account for only 19 percent of the total home sales. The most popular trend in the neighborhood are two storey houses with most of the properties consisting of 3 bedrooms. The price on an average here was $865962 over the last year, which was a rise in 16 percent over the last term. The price on an average for freehold in Greensborough over the last year stood at $957,534, against the average cost of condos which is $564271. Green spaces are also abundant here such as parks, woodlots, playing fields and nature/bike trails that surround the area. The neighborhood is very walkable and features all amenities within close walking distance. From several mouth-watering restaurants to the fabulous shopping centres and boutiques, there is everything that you could ask for within a few steps away. The neighborhood also features the Markham-Stouffville Hospital within close proximity for a wide range of medical services. Besides these, the neighborhood also has a wide range of schools that makes the place ideal for raising families.