Why Invest In Swansea Real Estate?

The Swansea neighbourhood in Downtown Toronto is a hidden treasure. Bloor Street West to the north, High Park to the east, Lake Ontario to the south, and the Humber River to the west form its natural boundaries, making it the only Toronto neighbourhood with a river, lake, and pond. It also borders one of the city’s most popular shopping districts, putting everything you need within easy reach. Although it is still in the city, it has suburban features, which is why this region is experiencing a boom of pre-construction condo developments. In Swansea, there are many new condo projects springing up along the waterfront. Parks, stores, restaurants, culture, and more abound in the neighbourhood. There are various programmes and events at the Swansea Community Recreation Centre, as well as gorgeous parks scattered around the district, reflecting a strong sense of community. This is one of the most attractive areas in the Greater Toronto Area offering excellent investment opportunities.

List of New Condos in Swansea Neighbourhood

Why Buy New Condo Developments In Swanse

When it comes to investing in real estate, Summerhill Toronto is one of the most promising places in Toronto. The fact that this neighborhood is a part of Toronto’s Waterfront, makes it highly desirable to live in. Besides the view and the environment, the neighborhood is one of the most affluent areas in Toronto and investors are now starting to see the potential and invest in both residential and corporate projects. This will in turn lead to the generation of thousands of jobs. Summerhill will see a huge influx of young professionals as working and living in the same neighborhood is an important factor. This neighborhood lies right in between two of the most important neighborhoods in Toronto – the Entertainment District and the Financial District. This makes it easy for those working in the Financial District to commute to work on a daily basis. Post work, there is always an option to chill out in the Entertainment District which is the adjacent neighborhood. The area also has several post-secondary schools including the OCAD University’s Waterfront location and the CMU College of Makeup Arts and Design. The Ryerson University along with the University of Toronto too are located in close proximity and can be reached within 15 minutes using a streetcar. The neighborhood also offers a plethora of amenities such as restaurants, nightlife, entertainment as well as retail. Post investment, you will not have to worry about finding a tenant as you will get loads of options ranging from young professionals to even college students who are looking to stay nearby. Another reason to stay in this neighborhood is its connection with the Toronto PATH System which is one of the largest underground shopping complexes in the world. You can be assured of finding tenants each time and will be guaranteed of a monthly income through rent.

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Lifestyle in Swansea

This is the place to go for community events, classes, programmes, and camps. Sunnyside Park, which spans along Lake Ontario, is another fantastic community place. There are many paths here, making it a fantastic place to walk, jog, or ride your bike. It also provides spectacular views of the CN Tower and downtown Toronto. This stretch is considered one of the best shopping areas in the GTA. It has boutique shops, grocery stores, as well as a variety of bars and restaurants. This is the ideal spot for a bite to eat or a pint after work. Roncesvalles Village, on the other side of High Park, is another close attraction. This is one of the city’s most beautiful areas. Roncesvalles Avenue, the city’s busy road, is frequently compared to a European boulevard due to its wide sidewalks and tree-lined ambience. Fruit markets and sellers line the streets here, making it a terrific spot to go if you’re searching for something a little different in Toronto.

Average Prices of Condos in Swansea

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 Swansea

This is an excellent location for getting around. Swansea is served by Jane and Runnymede Stations, which both connect to the TTC’s Bloor/Danforth Line. Residents may simply travel throughout the city from here. It’s also a good spot for drivers. The Gardiner Expressway, one of Toronto’s main highways, runs along the neighbourhood’s southern boundary. This roadway may connect you directly to the rest of Downtown Toronto, as well as Mississauga and beyond. A transit service runs between Windermere and Morningside Avenues in Swansea. Many of the homes in this area are within walking distance of Runnymede and Jane subway stations on the Bloor-Danforth subway line. The Gardiner Expressway and Lake Shore Boulevard are mere minutes apart, which is convenient for drivers.

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