List of New Condos in Devonsleigh Neighbourhood

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About the New Condos in Devonsleigh

The condos in Devonsleigh offer residents a desirable living experience with a range of features and benefits. The neighborhood enjoys a prime location with easy access to major transportation routes, including Highway 404 and Yonge Street, making commuting and traveling to other parts of the Greater Toronto Area convenient. Devonsleigh is also in close proximity to various shopping centers, including Hillcrest Mall, home to popular retailers such as Hudson’s Bay and Sephora, as well as Elgin Mills Crossing, which features well-known establishments like The Keg Steakhouse + Bar and Shoppers Drug Mart. These shopping centers provide residents with a diverse range of retail stores, boutiques, and dining options, ensuring a convenient and enjoyable shopping experience right in the neighborhood.

Why Buy Pre-Construction Condos in Devonsleigh?

Investing in new condo developments in Devonsleigh offers a host of advantages, including access to a diverse range of entertainment options, top-notch educational institutions, and an abundance of dining experiences. Residents can enjoy live performances and cultural events at the Richmond Hill Centre for the Performing Arts or catch the latest movies at SilverCity Richmond Hill. Families with children can take advantage of excellent schools such as Richmond Hill Montessori and Elementary Private School, while food enthusiasts can indulge in Italian delights at Marlowe Restaurant or savor authentic Chinese dumplings at Suhan Dumplings. Devonsleigh also provides ample recreational opportunities with parks like Mill Pond Park and convenient shopping options at Hillcrest Mall and Elgin Mills Crossing. With its combination of entertainment, education, and dining choices, buying pre-construction in Devonsleigh ensures a well-rounded and vibrant lifestyle for residents.

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Devonsleigh Neighbourhood

Devonsleigh is a charming and family-friendly neighborhood located in Richmond Hill, Ontario. Known for its tranquil surroundings and close-knit community, Devonsleigh offers residents a peaceful and welcoming environment to call home. The neighborhood is characterized by its well-maintained streets, beautiful green spaces, and a sense of serenity that creates a desirable living atmosphere. Devonsleigh is also conveniently located near major transportation routes, including Highway 404 and Yonge Street, providing easy access to the rest of the Greater Toronto Area. One of the standout features of the Devonsleigh neighborhood is its commitment to education. The area is home to highly regarded schools such as Richmond Hill Montessori and Elementary Private School, ensuring that families have access to exceptional educational opportunities for their children. This focus on education contributes to the overall sense of community and makes Devonsleigh an attractive destination for families seeking quality schooling options. In terms of recreation and leisure, Devonsleigh offers a variety of parks and green spaces for residents to enjoy outdoor activities. Mill Pond Park, with its picturesque scenery and tranquil pond, is a popular spot for walking, picnicking, and connecting with nature. The neighborhood also features convenient shopping options, including Hillcrest Mall and Elgin Mills Crossing, where residents can find a wide range of retail stores, restaurants, and services to meet their everyday needs.

Average Price of Condos in Devonsleigh

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%.