List of New Condos in Crosby Neighbourhood
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Investing in Crosby Real Estate
The condos in Crosby, enjoy a prime location with easy access to various amenities and transportation routes. Situated near Yonge Street, residents of Crosby have convenient access to a wide range of shopping malls, including Hillcrest Mall and SmartCentres Richmond Hill. Hillcrest Mall is a popular shopping destination featuring a diverse selection of retail stores, boutiques, and restaurants, offering residents a convenient place to shop, dine, and socialize. SmartCentres Richmond Hill is a large retail complex housing a variety of stores, including major grocery chains, home improvement retailers, and other convenient shopping options. Moreover, Crosby’s proximity to Highway 407 ensures quick and convenient travel to other parts of the Greater Toronto Area, making it an ideal location for commuters. The highway provides easy access to major employment centers, entertainment venues, and other attractions. With its convenient location near shopping malls and its proximity to the highway, the condos in Crosby offer residents the convenience and accessibility they desire in a bustling neighborhood.
Why Buy Pre-Construction Condos in Crosby?
The neighborhood of Crosby provides a diverse range of entertainment options, ensuring there is something for everyone to enjoy. Residents can visit the Richmond Hill Centre for the Performing Arts, which hosts a variety of live performances, including concerts, theater productions, and cultural events. Additionally, the nearby Mill Pond Park offers recreational activities such as outdoor concerts, festivals, and community gatherings, providing a vibrant and engaging atmosphere. Crosby is also home to a number of esteemed educational institutions, including Crosby Heights Public School, Beverley Acres Public School, and Richmond Hill High School. These schools offer quality education and a nurturing environment for students of all ages. For dining options, Crosby boasts a range of restaurants and eateries catering to various tastes and preferences. Residents can savor delicious meals at local favorites such as Sarpa Restaurant, offering Mediterranean cuisine, or head to Caffe Demetre for delectable desserts. With a diverse culinary scene, residents can indulge in a wide array of flavors right within their neighborhood. Overall, buying new condo developments in Crosby provides access to a vibrant entertainment scene, excellent educational opportunities, and a diverse dining landscape, making it an attractive choice for those seeking a dynamic and well-rounded lifestyle.
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Crosby Neighbourhood
Crosby is a highly sought-after neighbourhood located in Richmond Hill. Known for its family-friendly atmosphere and excellent amenities, Crosby offers a desirable living environment for residents. The neighbourhood is characterized by its well-established community, tree-lined streets, and a mix of residential properties. Crosby is home to a diverse range of housing options, including single-family homes, townhouses, and condominiums, catering to various lifestyles and preferences. One of the standout features of Crosby is its convenient location. Situated in the heart of Richmond Hill, residents have easy access to a wealth of amenities and services. The neighbourhood is surrounded by shopping centres, grocery stores, restaurants, and cafes, offering residents a wide range of options for shopping, dining, and entertainment. Crosby is also known for its abundance of parks and green spaces, providing residents with opportunities for outdoor activities and relaxation. The neighbourhood is home to numerous parks, playgrounds, and sports fields, where families and individuals can enjoy recreational activities and connect with nature. The neighbourhood is surrounded by parks, green spaces, and recreational facilities, providing ample options for outdoor activities and leisure. One of the notable parks in Crosby is Crosby Park, a spacious green space that offers walking trails, picnic areas, and playgrounds. It provides a serene environment for residents to relax, have family outings, or engage in outdoor exercises. Just a short distance away is Richvale Athletic Park, which features sports fields, tennis courts, and a skate park, catering to the active lifestyles of residents. For those who enjoy golf, Crosby is in close proximity to several golf courses, including the Richmond Hill Golf Club and the Bathurst Glen Golf Course. These courses offer beautifully manicured fairways and challenging holes, providing an enjoyable golfing experience for players of all skill levels.
Average Price of Condos in Crosby
In the second quarter of 2023, the average price per square foot for new condos in the 905 region of the Greater Toronto Area (GTA) was $1,172, compared to the average of $1,673 per square foot in the former City of Toronto, which is comparatively low for Richmond Hill where pre construction condos are sold at an average price of $792 per square foot in 2023. The benchmark price of a resale condo by the end of 2023 was $573,100 in Richmond Hill, which is comparatively less than last year by 0.88%. Prices have consistently been on a trend and continue to rise each year. There has been increased demand for properties due to significant immigration rates, decreased affordability for homeownership and a strong job market. Rental rates for Richmond Hill condos have continued to rise. Reached a monthly rate of approximately $2,350 during the second quarter of 2023. This represents a growth rate of 12% when compared to figures from last year. The demand for purpose-built apartments has outpaced supply resulting in a decrease in vacancy rates, in Richmond Hill which currently stands at 0.6%.
