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Original guide information
The following guide was last updated 2024-06-14. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.
Why Invest in Cliffcrest Real Estate?
Cliffcrest is a former Scarborough suburb located east of the central core. The neighborhood is bounded by Bellamy Road to the east, Midland Avenue to the west, the Canadian National Railway to the north, and Lake Ontario to the south. This is an established neighbourhood, and the tree-lined streets exudes a cottage vibe. The housing style varies on the lake side of Kingston Road. Homes built between the 1940s and 1950s come in a variety of layouts, including bungalows, story and a half and two-story semi and detached homes. Smaller cottage-style houses with Lake Ontario views have often undergone interesting makeovers, and the existence of a few of well regarded schools has fuelled demand.
Why Buy New Condo Developments in Cliffcrest?
Condos account for just 150 of the 6,094 private residences in this neighbourhood, a figure that is significantly lower than the city average of 26 percent. However, there are a slew of new condo developments sprouting up in abandoned motels and car dealerships along the neighborhood's main highway. Kingston Road demonstrates that a wave of renovation has arrived in Cliffcrest, igniting a new trend in local housing. Residents of this Scarborough neighborhood may connect with nature by exploring the enormous clay cliffs of Scarborough Bluffs or walking along Highland Creek and appreciating its natural beauty. Furthermore, North York and East York are located to the west of this master-planned neighbourhood.
Recreations in Cliffcrest
Along the shore of Lake Ontario, Bluffers Park offers a huge sandy beach and a number of beautiful picnic spots. A marina, boat clubs, and a famous waterfront restaurant are all part of this lakeside park. Bluffers Park is reachable by car through Brimley Road South. At the south end of this neighbourhood, Tots Park has a baseball diamond and a playground for kids. Halbert Park on Cliffcrest's north end features an outdoor pool and a wading pool. The R.H. King Academy features an indoor pool that is accessible to the public for leisure and instructional swimming at certain hours.
Recreations in Cliffcrest
An intriguing combination of local retail plazas and restaurants along Kingston Road and Eglinton Avenue
Recreations in Cliffcrest
Scarborough GO and Eglinton GO stations within the neigbhourhood provide an easy commute to downtown Toronto.
Recreations in Cliffcrest
Bluffer Park, Tots Park and Halbert Parks provide abundant recreational amenities.
Recreations in Cliffcrest
Many excellent schools for your children, including R.H. King Academy, Fairmount Public School, Bliss Carman Senior Public School, H.A. Halbert Junior Public School, and Anson Park Public School.
Average Price for Condos in Cliffcrest
Cliffcrest presently has a balanced real estate market, with a medium inventory level of 4 months. Cliffcrest’s average selling price in July 2022 is $1,242,500, with most homes priced between $1M and $1.5M. Cliffcrest is dominated by detached houses, which account for 83% of sales, followed by condos (12%) and townhouses (5%). The majority of homes have three bedrooms. Cliffcrest condos sold for an average of $695,989 in July 2022, up 18.6% from the same month the previous year. Fewer people rent than own their homes, with 45.4% renting against 54.6% owning.
Cliffcrest Transit & Accessibility
Buses run frequently along Kingston Road, St. Clair Avenue East, and McCowan Road, with express services available on the first two. All routes lead to the subway along Bloor-Danforth Line 2. Furthermore, Cliffcrest residents have easy access to the Scarborough GO and Eglinton GO stations, which are both located just outside the neighborhood's boundaries. These two stations are served by trains to Downtown Toronto every 15 minutes throughout the week (and every 30 minutes on weekends), with a 20-minute travel time to Union Station. For residents who prefer to drive, Kingston Road gives quick access to Highway 401 and the eastern suburbs of Toronto.
Are new condo developments in Cliffcrest a good investment?
If you're new to real estate investing, buying a condo is a smart decision. Apartments, for example, are less costly than single-family houses and require less maintenance. They do, however, not appreciate in value as much as houses and are subject to homeowner's association fees as well as special regulations and restrictions. Moreover, because of their excellent location and facilities, new condo developments are frequently in high demand, so finding renters should be simple.
What are the neighbourhoods around Cliffcrest, Toronto?
Kennedy Park, Scarborough Village, Eglinton East, and Ionview are the nearest neighborhoods to Cliffcrest. Eglinton East has the highest average home price of $1,119,000 among nearby neighbourhoods, while Kennedy Park has the lowest average home price of $920,000.
