Why invest in Hurontario Real Estate?
Hurontario is a very large district that is home to a lot of different lifestyles that will suit your needs. There are a huge number of affordable apartments, as well as pre-constructed condos currently being built close to the heart of the city and beyond. You can also find aged detached homes and semi detached homes in the neighbourhood. The current population is estimated around 62,460, and it is continuing to grow exponentially due to the erection of new high-rise condo developments and master-planned communities. The increase of population in Hurontario has been growing fast, the growth has increased by 18% in the past few years. The average income of households in this neighbourhood is currently at $72,453. The percentage of homeowners in this area is at 77% and renters are the remaining 22.7%. Beyond the major streets, you will find a lot of desirable places to call home. There is no doubt that properties that are near to the public transit and expressways invite more investors and buyers and get better prices. You should make a move now and consider living or investing in the growing neighbourhood of Hurontario.
List of New Condos in Hurontario Neighbourhood
Why Buy New Condo Developments In Hurontario?
Hurontario is a multiracial neighbourhood located in the northern part of Square One City Centre in Mississauga. The district is known to have an immense number of manufacturing and science workers. Its perimeters are determined by Hurontario Street between Mavis Rd to the western part, Britannia Rd to the northern part, and Highway 403 to the eastern and southern part. The area has a high popularity amongst first time owners, especially people who are starting a family who is looking to grow in a wonderful neighbourhood. This neighbourhood is located in a great region, very close to accessible expressways and other major roads. The Hurontario neighbourhood is known to be a very family-friendly suburb.The Majority of Hurontario’s residents are second time buyers who seek to accumulate convenient and affordable homes that many maturing families are considering to purchase. New residents of Hurontario are professionals and new immigrants that occupy new condos that you can see at almost every corner of Hurontario Street and its proximity. You will notice that the rest of the neighbouring regions are filled with extraordinarily mixed ethnicities.
Convenience & Amenities
Having a home in this part of Mississauga is very convenient as they are very near to amazing amenities such as numerous retailers, great restaurants, cafes, bars and professional services. People that live in Hurontario can also enjoy the local green spaces that surround the area, Greyshale Park and Heritage Hills Park to name a few. Residents can also find numerous elementary and secondary schools in Hurontario. The neighbourhood has a massive concentration of shopping and amenities situated on Hurontario Street. You can find everything here, from big box shopping, grocery chains and retail. Also, the fact that the district is so near to Square One means everything you could possibly need is within reach.
Average Price Of Condos in Hurontario
Condos account for the majority of the sales in Hurontario at 42%, while detached homes are at 23% and condo townhomes are at 20%. The most popular trend in this neighbourhood are two-storey homes and condominium apartments, most of the properties have 2 bedrooms. The average price of homes in Hurontario over the past year had an increase of 19 percent and is currently at $563,370. Since last year, the average condominium premium price is $406,958, in comparison to the average price of $854,993 over the same time. Given its very convenient location, the price of homes in Hurontario is a bit higher than the average price in Mississauga, nevertheless it is still very much affordable for the average family. The neighbourhood is expecting a huge improvement once the Hurontario LRT is built. The importance of this location is in its close accessibility to the Mississauga City Centre. The never ending growth and development of Mississauga will only bring good things to this neighbourhood.
Accessibility & Transit
Despite the fondness for condominiums in this area, it is still a good place to drive. The QEW and other major highways such as Highways 401, 403, 407 are very near and very much accessible. That being said, it makes this neighbourhood very convenient for motorists. Square One is within reach, commuters just need to access Mississauga’s public transit such as Bus Rapid Transit, GO transit and MiWay. The most awaited Mississauga LRT that will go through Hurontario will definitely increase its popularity and desirability. It will also surely have a positive impact on the value of properties. You will now realise why a lot of investors and homeowners choose Hurontario as a fruitful neighbourhood. So, for the people who are looking to be near Square One, but prefer to be just in the borders of it, Hurontario is a convincing alternative. This neighbourhood is probably a good place to settle with your family.
Questions & Answers
Hurontario real estate market has been steadily growing every year. The neighbourhood is known for householders seeking for new developments and infrastructure improving livability and making new housing demands.
The average income of households in this neighbourhood is currently at $72,453.