List of New Milliken in Milliken Condos Neighbourhood
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Why Should You Invest In Milliken Real Estate?
Pre-construction condos in Milliken are a great investment. Milliken is a neighbourhood inside the famously relaxed and established Toronto suburb of Markham. Milliken is cut in half by Steeles Ave., the border between Toronto and Markham, but it is more associated with the city of Markham. Markham is known as a safe environment for families in which youngsters will thrive thanks to high quality local schools. Local amenities are impressive in Markham as the concentration of population and the high incomes of residents mean an excellent market. Milliken’s immediate proximity to Highway 401, Highway 404, and Highway mean that it is a gateway to the wider GTA. Milliken’s proximity to multiple college campuses and major shopping developments mean that this is a high demand area.
Why Buy New Pre-Construction Condo Developments In Milliken?
Buy into Milliken and sleep soundly knowing that you own a piece of Markham. Milliken is just off Steeles Ave. but still maintains a cozy suburban vibe. Milliken reaps the benefits of being near the cities of Richmond Hill, Markham and Toronto. Milliken is particularly well located with regards to Markham’s tech employment cluster on Commercial Valley Dr. and Markham’s other areas of high level employment, including the entire Highway 404 corridor. Markham is known for its large percentage of residents with Chinese heritage but it contains diversity beyond any particular group. Chinese, Korean and Indian Canadians have all settled here.
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Life in Milliken
There is some employment in Milliken but the neighbourhood tends to be reliant on employment in the major economic centers of Markham and Toronto. Many Milliken residents work in either Toronto or Markham or still other places like Richmond Hill and Vaughan. Markham Centre’s master plan is an ongoing project where the city intends to create a mixed-use downtown core that will host high level employment. The entire city region will continue to grow in economic and demographic terms and Milliken’s central location means that it will benefit disproportionately. Milliken does not lack opportunities to leave the house and “get your steps in” . Small parks knit the neighbourhood together. Milliken Mills Park, L’Amoreaux North Park, Brimley Woods Park, Goldhawk Park, Aldergrove Park and Armadale Park knit the community together. Many golf courses can be found a short drive from Milliken along with other massive natural spaces including the Rouge Park system, Canada’s largest municipal park. Shopping can be done on Steeles Ave., at Pacific Mall or nearby First Markham Place, another Markham staple famous for its incredible selection of Asian food.
Average Prices of Condos in Milliken
The average price in this part of the neighborhood over the past year was $990,398, which was an increase of 21 percent over the same term the previous year. The average freehold price over the past year stood at $1,090,114, against the average condo price of $329,000 over the same period. Linked houses are also dominant in the eastern part of the neighborhood and account for 39 percent of the total homes sales in the region. Detached houses are quite common too and account for 37 percent while condos are still small in number and account for only 12 percent of the total sales. The average price in Milliken East over the past year stood at $971,225, which was an increase of 23 percent over the previous term. The average freehold cost here over the past year stood at $1,389,091, against the average condo price of $446,888 over the same period.
