List of New Condos in Regent Park Neighbourhood

Why Invest in Regent Park Real Estate?

Regent Park is a neighbourhood located between the east end of downtown Toronto. The location lies at the South by Shuter Street, to the east by River Street, to the north by Gerard Street East and to the west by Parliament Street. Currently, the Regent Park community is the home to moderate to low-income housing families, however, the regent park is planning to get a facelift to make it more appealing and being developed into a thriving urban downtown community where you will be able to find a diverse community of urban professionals, young couple, families with young children who are planning to take advantage of the chance to live in this modern community of townhomes and newly constructed midrise to high rise new condos in Regent Park.

Why Buy New Condo Developments in Regent Park?

The restructuring of Regent Park allows a blend of new condos, affordable and entry-level housing prices and a vibrant new retail and network space for the residents who plan to seize this opportunity. The remodeling of the Regent Park community is estimated to cost $ billion dollars and the time this great transformation and adjustment will take approximately fifteen years to complete. The brand new Regent park will feature new condos and townhomes, retail space, market condo units and affordable housing. The new Regent Park project is planned to bring approximately 12,500 new residents to the location from its previous edition of 7,500. Furthermore, 465 jobs have previously been created for the local residents and this new project will bring several commercial developments which will automatically generate more jobs.

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Regent Park Neighborhood

These previously remote locations are now being rebuilt into a metropolitan wonderland for future residents. As Regent Park continues to grow it has been a popular prospect amongst real estate investors. However, the area has just slowly begun to reach its potential and the new condos in Regent Park and townhouses will bring various opportunities for house hunters who are planning to get in the front line of the condo market. The whole redevelopment will not only build new condos in Regent Park but will also update the current houses that are currently situated there. The project will increase the overall population in the area and as the area is close to downtown Toronto there are lots of potential values that can be found here. Ingenious financing systems allow those who have been renting to buy new condominiums that are being developed. This strategy shifts the housing mix from entirely subsidized to around a 60% market rate.

Average Prices of Condos in Regent Park

Condominiums in Regent Park account for 92 percent of sales, with condo townhouses accounting for approximately 5 percent. Other condos and semi-detached homes can be found accounting for 1 percent each. Most condo apartments in Regent Park can be seen to have a similar style to one another with the majority of the property having only one bedroom. Over the last few years, the average price in Regent Park has been at least $416,137, however, an increase of 16 percent was shown over the previous term. The average condo price in the last year was $411,792. For the same time period, the average freehold cost was $850,000. New condo buyers in Regent Park will appreciate the option to invest in a quality lifestyle at entry-level costing.

Transit and Accessibility in Regent Park

Transportation around the area is easily accessible via streetcars and bus routes that travel within Regent Park and the transit provides easy access to the nearest subway station. The following transit lines that have routes that pass near Regent park are 121,65, 72 and 97, followed by the 505 and 506 streetcars. Residents who prefer to drive can also have easy access to the Gardiner Expressway and the Don Valley Parkway.

Questions & Answers

What Are The Benefits of Purchasing a Pre-Construction Condo?
Is It a Good Idea To Invest In New Condos In Regent Park?
What Amenities and Lifestyles Does Regent Park provide?

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