Investing In Brownridge Real Estate
Pre-construction condos in Brownridge make a savvy investment. Brownridge is a neighborhood within the “name brand” Toronto suburb of Thornhill. Thornhill is divided by Yonge St. and Brownridge is in the west end of Thornhill within the City of Vaughan. Thornill is known to be a neighbourhood safe for families in which children can grow up in community and comfort. The amenities in the area are comprehensive with shopping, recreation and natural outdoor environments all within reach. Getting around is easy thanks to Brownridge’s immediate proximity to Highway 407, Highway 400, other major highways and the Promenade Terminal which is a major transit hub in York Region.
Why Buy New Condo Developments in Brownridge?
If you buy into new pre-construction condo projects in Brownridge you are buying into the longstanding, flourishing and vibrant suburb of Thornhill. Brownridge is in the west end of the wider Thornhill area in which a stable and quiet but community oriented feel is the norm. Brownridge is very centrally located as it is within the city of Vaughan but near Markham, Toronto and Richmond Hill. Any workplace or family connection in these cities is well within reach from Brownridge. While Thornhill is known for its Jewish community it very is diverse and many different groups aspire to live here including Chinese, Korean, Iranian, Indian and Italian Canadians.
Entertainment & Employment In Brownridge
There is a wide array of things to try out for exercise and leisure in or near Brownridge. Parks like the very large G Ross Lord Park mean that ample space for outdoor activities is only a short drive away. G Ross Lord Park can be accessed through the West Don Valley Open Space. Other smaller parks dot the neighbourhood like Wade Gate Park, Promenade Green Park, Pierre Elliot Trudeau Park, Downham Green Park, Lakehurst Park, Gilmore Park, Conley Park, Dufferin District Park and Joseph Aaron Park. Nearby in Thornhill you can find golf clubs like The Thornhill Club, Uplands Golf & Ski Club and Ladies’ Golf Club of Toronto. Shopping can be done at Promenade Shopping Centre and at Yonge St. and Steeles Ave. or Dufferin St. and Steeles Ave.
There is a modicum of employment within Brownridge itself, especially within Promenade Mall, but the neighbourhood like all of Thornhill tends to be reliant on employment in the major economic centers of Markham and Toronto. Much of Thornhill is a commuting suburb for Toronto and Markham, with Vaughan and Richmond Hill being secondary directions of travel. The City of Vaughan has been planning and building a new downtown core in the form of Vaughan Metropolitan Center for many years now. The City of Vaughan intends for this area to host high level employment like the KPMG office that is already open. The General Toronto Area will continue to grow its economy and population far into the future and Brownridge is perfectly situated to take advantage. Even nearby RIchmond Hill is set to boom in population.
Average Price for Condos in Brownridge
Condo prices in Brownridge tend to range from the 500’s to the 800’s with a few others sitting at a “luxury” price point. The lower level of this range means first time homebuyers and investors can get a handle on the GTA “housing ladder” in Brownridge, especially when it comes to new pre-construction condos. These condos are likely to appreciate in value in light of Canada’s aging population, shortage of housing and Thornhill’s brand value. If you are buying a new pre-construction condo for yourself, your family or as an investment property then Brownridge is worth consideration.
Transit & Accessibility in Brownridge
Thornhill at large is a car oriented suburb and Brownridge is no different meaning that this is a place where most households own a car. Fortunately residents of Brownridge have easy access to the 407, 404, 400 and 401 Highways. That said, there is very good transit access in Brownridge as the nearby Promenade Terminal offers connections to Toronto Transit Commission bus service, York Rapid Transit and York Region’s Viva rapid transit service. Eventually the TTC Subway will extend to Markham and this will mean rising property values and an easy commute into the city center.
Questions & Answers
Demand will continue to grow for pre-construction condos in Brownridge in the years to come. There is a shortage of housing in the GTA and a growing population with many older residents looking to downsize. All these factors, along with the fact that Thornhill is an established and preferred neighbourhood, mean that demand will continue to grow and the cost of real estate in Brownridge will match this demand.
Yes, you should invest in new pre-construction condos in Brownridge. Brownridge is perfectly located in terms of taking advantage of future growth in the GTA. RIchmond HIll, Toronto, Markham and Vaughan are all growing and Brownridge is smack dab in the middle of all this expansion.