Maple is a neighborhood in the city of Vaughan in the York region, which is just northwest of Toronto. It is a family-friendly neighborhood which borders Teston Road to the north, Rutherford Road to the south, Bathurst to the east and Jane Street to the west. It was once a quiet community but is now transforming into a viable bustling suburb which is rich in history, activity and culture with several housing options and new developments. This area of Vaughan has over the last couple years has grown into an interesting region for those who are looking forward to enjoying the advantages of living in a small town. Homeownership in Maple is high and accounts for 84 percent of the total homes in the area while the remaining 16 percent are tenanted. The average household income here is $120,511. One of the best features about this neighborhood is the abundance of leisure activities around with one of them being parks. The area also has routes to several amenities which can be accessed easily on foot such as Montessori schools, shops, cafes, secondary establishments, restaurants and the Mackenzie Vaughan Hospital.
Detached houses are a common trend in Maple and account for 49 percent of the total home sales in the area. This is followed by condos which account for 27 percent of the total homes sales while townhouses are rare and only account for 12 percent. Two storey houses are the most common type of housing that you will find here and majority of the properties have three bedrooms. The average price in Maple over the past year stood at $833,580 which was an increase of 31 percent over the same term the previous year. The average freehold price over the past one year is $993,638, against the average condo premium of $461,287 over the same period. One of the main attractions in the neighborhood is Canada’s Wonderland, an amusement spread over 330 acre of land and is home to the famous Splash Mountain waterpark. Maple has a diverse community with at least 45 percent of its population being immigrants. The neighborhood is captivating and vibrant owing to the young family demographic than the rest of the Greater Toronto Area. Single professionals are usually drawn to this neighborhood; however, in recent years the populated and grown due to the new, visually-stunning and alluring low to mid-rise condos that have emerged here. Most of the properties are reasonably priced and affordable as compared to its other counterparts from the GTA such as Toronto.
List of New Condos in Maple Neighbourhood
Why invest in Maple Real Estate?
Maple is an exciting neighborhood with a sense of community that brings the people collectively together. Many of the new condos here get filled up and sold within no time once they are constructed and erected in several of the new subdivisions. This not only increases the demand for new condos projects in the area but also provides a favorable outcome for investment. Maple is already quite popular among single professionals owing to its live, work and play lifestyle; however, the recent years have also seen other types of people approaching the neighborhood and making their home here. The area is well served by public transportation and has access to several highways. Not only does this make it convenient for commuting but is an added advantage for professionals who commute regularly. The area also lies in the York region, which is just northwest of Toronto. This makes it ideal for professionals to live here owing to the close proximity to Toronto. As per the development plans, it has also been estimated that there will be several job opportunities that will open up in the neighborhood in the years to come. This is expected to further drive up the population as majority of the people would love to work and stay in the same neighborhood. Maple is very walkable and has everything you need within a few steps from your house. One of the most important factors that should help you in deciding whether or not to invest is the fact that majority of the homes and condos available here are reasonably priced and affordable. Not only is this in favor of investment but also promises you a good return within a few years. As per study, it was seen that there was a 31 percent increase in prices over a year. Once the development phase is done and the area becomes densely populated, the prices will reach sky high and hence investing now is the right thing to do. The neighborhood also provides you with several options to choose from ranging from detached houses to condos. Post investment you will also have the option of putting your property on rent and acquire a monthly income through rent. However, if you plan to start a new journey in Vaughan, then Maple is one of the finest neighborhoods that you can invest in.
One of the main advantages of living in Maple is its excellent transit system. It has smooth access to several highways including Highway 400. The prime location of the neighborhood also plays an important factor as you can conveniently drive to downtown Toronto within no time. Maple also has access to several arterial roads and streets including Rutherford Road, Major Mackenzie Drive and Keele Street. These roads are a blessing for motorists and they are interlined and can be used to travel to any part of the city. The Highway 400 is further connected to the Ontario 401 Express which is also further lined to the Gardiner Expressway. These highways are easy access points to travel across the Greater Toronto Area.
The area is also served well by public transportation thanks to the Toronto Transit Commission. The TTC, GO Transit and York Region Transit buses are plenty in number and serve the region well along with the already existing GO Train which can be availed at Maple and Rutherford terminals. The neighborhood is also bike friendly and has facilities such as bike lanes and designated bike parking spaces.