Investing In Glen Abbey Real Estate
One of Oakville’s first truly planned subdivisions, Glen Abbey is also the location of the well known Glen Abbey Golf Club. There are several recent constructions among the 80s and 90s residences that predominate here. As renovations are made by both current owners and new buyers, many original homes are currently going through the renewal phases. It is renowned for its established neighbourhood, mature trees, parks, walking trails, and excellent schools. It also has traditional style residences. You’ll adore the famous Monastery Bakery, the extensive path network, the recreation centre and library, the Gymnastics Club, and the neighbourhood facilities. You will see a mix of young and older families looking for amenities, bigger houses, and a mature neighbourhood. For those who desire the traditional suburban lifestyle of safety, an active lifestyle, and top-notch schools, Glen Abbey is ideal.
List of New Condos in Glen Abbey Neighbourhood
Why Buy New Condo Developments In Glen Abbey?
Within this neighbourhood, there is a distinctive neighbourhood called Fairway Hills. It is close to the Glen Abbey golf course off Dorval Drive. Numerous residences in this neighbourhood have views of or backyard access to the Glen Abbey golf course. The majority of the houses have double car garages, attractively planted front yards, and Georgian or Tudor revival architectural styles. The houses in Glen Abbey are smaller the farther they are from the golf course. While townhomes also make up a sizable portion of these, detached two-story residences make up the majority of them. These typical subdivision homes from the 1990s and late 1980s have garages in the front. The early 2000s saw the development of some infill pockets in Glen Abbey.
Neighbourhood & Lifestyle In Glen Abbey
The neighbourhood is filled with modest to upscale townhomes, semi-detached homes, condominiums, and links. Along Dorval Drive, there is a notable neighbourhood of affluent residences called Fairway Hills that backs up to the Glen Abbey Golf Course. Who hasn’t heard of the well known Glen Abbey Golf Course, even among non-players? Jack Nicklaus created it, and the Canadian Open has regularly taken place there. Numerous recreational activities are offered by the Glen Abbey Library and Community Centre, which also frequently hosts vendor markets and trade show exhibitions. The Dorval Crossing Shopping Centers are in the heart of the neighbourhood, at the confluence of Dorval Drive’s east and west sides and North Service Road. These two stops offer everything, including groceries, large chain stores, conveniences, expert services, and dining options. The majority of daily requirements are provided at Abbey Plaza on the corner of Third Line and Upper Middle Road. For those who reside there, Glen Abbey is much more than just the golf course that bears its name.
Average Prices Of Condos In Glen Abbey
According to recent Glen Abbey MLS statistics, the median home price is $1,336,458, and 104 new listings have been added in the last 56 days. According to Glen Abbey housing data as of right now, a home spends 21 days on average on the market. And Glen Abbey condo sales in June 2022 brought in an average sale price of $749,703, an 11.7 percent increase over the same period in the previous year.
Transit In Glen Abbey
The QEW/403 corridor is the primary road between Oakville and Toronto, and it normally takes 30 to 40 minutes to drive there by car. However, expect this time to rise during rush hour. During rush hour, an express train that skips all stations past Clarkson runs from Oakville to Bronte GO union station, cutting the trip time by around ten minutes. The all-stops train travels to important locations in around 45 minutes.
Questions & Answers
Consider the Oakville real estate market as a long-term investment. Unlike something like stocks, it delivers a physical asset. When the real estate market occasionally experiences a drop, it won’t be long before it starts to rise once more. The only investment in which you are not required to make a full upfront payment is real estate. Even with a modest down payment, you can still increase your equity. As you can borrow up to 80% of the current value of your property, you can leverage your equity and invest in additional properties. These loans are accessible through a Home Equity Line of Credit and have a low interest rate. Additionally, pre-construction developments offer incentives for early bird registrations as well.
The Uptown Core is situated at the junction of Dundas Street and Trafalgar Road in the centre of Oakville. This neighbourhood’s design and functionality as a location to live, work, and play incorporate numerous new urbanism ideals. Uptown Core is very busy and feels more like a neighbourhood in a large metropolis than a suburban area. It is an excellent option for professionals and small families.
It relies, like with other real estate investments, on the specific property, location, market, and other variables, like the expected annual return on the investment or cap rate. Single-family homes have some relative advantages over condos, such as the potential for appreciation, the absence of condo fees, rent restrictions, the absence of external restrictions on use, the sale of properties for less than their assessed value, packaged deals, and the smaller size of condo buildings.