List of New Condos in Mill Pond Neighbourhood
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Planning
Baif Don Head
Pricing From Coming Soon
9839 Yonge St, Richmond Hill, ON, Canada
Developer - Baif Developments
Occupancy - TBD
View Details
Investing in Mill Pond Real Estate
Investing in the real estate of Mill Pond is an attractive opportunity for various reasons. This highly sought-after neighborhood combines historical charm with modern amenities, drawing a diverse range of residents. The area’s scenic beauty, centered around the iconic Mill Pond, not only provides visual appeal but also contributes to increasing property values. Mill Pond offers diverse housing options, from heritage homes with spacious lots to townhomes and colonial-revival style houses, offering investors a variety of choices to suit different preferences. The neighborhood’s proximity to excellent schools, a lively commercial district, and ample green spaces adds to its family-friendly allure, ensuring a consistent demand for housing. With a real estate market that is both stable and appreciating, coupled with a rich calendar of community events, Mill Pond emerges as a promising investment destination, promising long-term growth and a high quality of life for its residents.
Why Buy Pre-Construction Condos In Mill Pond?
Mill Pond is a quaint neighbourhood located in Richmond Hill. The area has a healthy amount of green spaces to explore like the scenic Bradstock Park and the aesthetic Mill Pond Park located at the heart of the neighbourhood, followed by the Mill Pond Trail that serves as an excellent recreational destination on a warm sunny day while the presence of Mackenzie Health Hospital ensures the residents have timely access to professional healthcare.
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Entertainment & Recreation In Mill Pond
Mill Pond has an abundance of entertainment and recreational options to indulge in, with several trails around and within the area like Mill Pond Trail and Mountain Biking Trail near Bathurst St that serves as an excellent recreational spot. The Richmond Hill Heritage Centre just around the corner is a popular tourist attraction that welcomes everyone to learn the local history. Foodies can head over to Yonge St to taste the diverse delicacies of various local restaurants like Bueokae 부엌애 Korean restaurant and the Oyaji Sushi (à la carte) Japanese restaurant.
Average Price For Condos In Mill Pond
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%.
Transit & Accessibility In Mill Pond
Transit will be of no worries in Mill Pond as the neighbourhood boasts excellent connectivity through the York Region Transit (YRT) bus routes like 83, 88 and 118, linking to nearby areas. Proximity to the pristine Richmond Hill GO Station provides frequent train service to Toronto and other parts of the Greater Toronto Area (GTA) in a short span of 20 to 40 minutes while major roadways like Yonge Street and Highway 407 make it easier to travel around with cars, ensuring the residents have plenty of options to choose from when it comes to transportation.
