List of New Condos in Oakwood Village Neighbourhood
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Why Invest In Oakwood Village Real Estate?
Oakwood Village – a culturally diverse community in Toronto that is popular due to its central location and plenty of transportation alternatives. This area is bordered on the north at Eglinton Ave, the west by Dufferin Street, the east by Winona Drive, and the south by Clair Avenue is a proud working community. For its peculiar northerly convergence of traffic routes, this neighbourhood is also known as “Oakwood Vaughan”. It is mostly made up of working-class households. Nearly half of the 21,073 individuals in this neighbourhood are between the ages of 25 and 54, and families with children make up the majority of households (44%). This region conveniently sits just above midtown Toronto with excellent transportation options and quick drives for motorists.
Why Buy New Condos In Oakwood Village?
This area always favoured single-family homes over condos, which account for only 1% of all occupied units in the area; 83% of people live in small houses, compared to 17% who live in flats with more than 5 stories. While this indicates a housing market with much to be done in terms of residential development, this neighbourhood has seen a rapid surge of new condos along St. Clair Avenue W. In this neighbourhood, 53% of residents own their homes, which is similar to the city’s average rate. In a community as diverse as Oakwood-Vaughan, the word “typical” doesn’t seem to fit. In recent years, the neighbourhood, which has long been home to working-class residents and artists, has seen an influx of young families looking for modest residences close to the city centre.
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Education & Entertainment In Oakwood Village
This neighbourhood has a lot of schools – Vaughan Road Academy, Rawlinson Community School, JR Wilcox Community School, and Fairbank Public School are among the popular schools in Oakwood Village. These lively thoroughfares are extremely walkable and are lined with retail outlets and restaurants and municipal facilities such as public libraries. Additionally, daycare is available in this neighbourhood at sites like the Harmony Childcare Centre. When it comes to parks, there is no shortage in this area. Senator Peter, Charles Breton Park, Bosa Parkette, Laughlin Park and Fairbank Memorial Park, the neighbourhood’s largest green area and accommodates a swimming pool and community centre, are among the many parks in Oakwood Village. There is an annual Arts Festival, every June the community comes together, by giving local artists and musicians a public stage. This curated festival incorporates art displays, dance, creative writing, theatre, music, and public conversations centred on the concept of village. Along the western boundary of Humewood-Cedarvale is the Arlington Village Project, which works to promote healthy community development and connecting activities in the area. The project began organising outdoor fairs in 2010.
Average Prices For Condos
In 2019, pre-construction condos in Toronto sold at an average price of $485,650. New listings for this year have been maintained at a price per square foot of approximately $883. Prices are continuing to grow every year at a rate of 10.2 percent annually. Rent in Toronto is around $2700 on average currently. This is also keeping in mind a rate of 3.5 percent as rental appreciation which has stayed relatively the same over the last 10 years. The vacancy rate sits at 0.7 percent at the moment which shows the demand for condos is strong here. On the other hand, the average resale price for condos in the city of Toronto is at $883,782 with the average rate of resale appreciation hovering around 5.4 percent for the last 10 years.
Transit In Oakwood Village
The 19 Km Line 5 Eglinton Crosstown LRT began service in 2021, the area’s existing convenient transportation service was greatly expanded. Public transportation line is intended to serve two local stops: Oakwood and Fairbanks. This region proved to be quite friendly for local vehicles, with quick accessibility to Highway 401 via the Allen Road entry situated outside its northeastern border. Oakwood Village, which originated as a streetcar suburb, is still well-connected to the rest of the city because of its numerous transportation options. The neighbourhood has street and side-street parking. Additionally, there are two Green public parking lots, one south of Rogers right behind the library and one north of Rogers Rd on the west side, as well as private parking. 63 Ossington bus runs along Oakwood Ave between Ossington Station and Eglinton West Station; the 161 Rogers Road bus runs between Ossington Station and St Clair West Station; and the 90 Vaughan Rd bus runs between Ossington Station and St Clair West Station.
At both the Prairie Ridge and University Woods campuses, Oakwood provides a full continuum of care. Oakwood’s caregivers deliver the sensitive care you’d expect in assisted living and memory care facilities. They assist their residents in maximising their well-being by providing the best in everyday assistance and specialised care. Additionally, the location includes a specialist youth clinic that provides medical services to people aged 13 to 29 (minor injuries, sexual, reproductive health) and mental health (substance use, brief solution-focused counselling)
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