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Original guide information
The following guide was last updated 2024-04-22. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.
Why Should You Invest In The Beaches Estate?
The Beaches is a Toronto neighbourhood on the east end of the downtwon core. It is bounded to the north by Kingston Road, to the south by Lake Ontario, to the east by Victoria Park Avenue, and to the west by Coxwell Avenue. If living near a beachside with modern amenities is something you've always wanted to do, The Beaches is the perfect place to be.There is no doubt that this neighborhood is one of the most desirable locations in Toronto, which offers great prospects when it comes to real estate investing. The neighbourhood offers a mix of luxury lofts and affordable condos, making it accessible to everyone. Although detached houses make up the majority of the properties, the recent condo surge in Toronto has resulted in the new condo developments in The Beaches.This has led to a massive influx of residents from other areas of cities and abroad, resulting in an exponential increase in the neighborhood's population.
Why Buy New Condo Developments In The Beaches?
There has been a dramatic increase in the new condo developments in The Beaches in the last few years, which has been precisely proportionate to the population of the area. The neighborhood's attractiveness, along with the increased quantity of new condo developments, has resulted in the neighborhood's population growing at an exponential rate. As 46 percent of the properties in the neighbourhood are rented, this presents a fantastic opportunity for investors. Aside from an exceptional view of the waterfront, The Beaches offers its tenants all modern conveniences as well as everyday necessities. The neighbourhood has a good walk score, so you'll be able to access all of your daily necessities without having to use a car. Whether you're picking up groceries or planning a gourmet meal with friends or family, the neighbourhood offers it all.
The Beaches Transit & Accessibility
The Beaches has excellent transit networks too. There are streetcar services that run along Queen Street and Gerard Street in this neighborhood. There are also bus services on Kingston Road, Victoria Park Avenue, Main Street, Woodbine Avenue, and Coxwell Avenue.These street-level paths may take you right to the Bloor/Danforth subway line, make commuting easier. Residents who like to drive will be pleased to learn that this neighbourhood is close to major highways such as the Lakeshore Boulevard, Gardiner Expressway, and the Don Valley Parkway (e.g., Wonder Condos is just a street away at Eastern Ave). These highways can be used to get to any part of the city as well as the GTA.
Average Price for Condos in The Beaches
The Beaches area is dominated by detached houses, which account for forty one percent of sales. Semi-detached houses follow with twenty six percent. Although condos only account for just twenty four percent of the total sales in The Beaches, there are good reasons for you to buy today. Condos in this neighbourhood are $100 per square foot less expensive than condos in downtown Toronto; nevertheless, just like every other new condo developments in Toronto, the prices of these condos are rising as well. Over the past year, the average price of a real estate property in The Beaches area was roughly $1,229,781, representing a 15% rise over the same period the prior year. Over the last twelve months, the average freehold price has been approximately $1,447,939, while the average premium for condos has been around $648,533.
Parks and Recreation in The Beaches
The biggest attraction of The Beaches is, of course, the three kilometres beachfront along Lake Ontario. Woodbine Beach, the largest of the four beaches in the neighborhood, is located on the western side of The Beaches. Woodbine Beach Park features an Olympic-sized outdoor swimming pool, a children's play structure, and a total of ninety beach volleyball courts close to the waterfront. Woodbine Beach Park is also the starting point for the Martin Goodman Trail, which runs the length of the beach along the boardwalk. As you go east along the boardwalk, you will come to Kew Beach and Kew Gardens. Kew Gardens is a huge inland park with well-kept sports facilities, such as a basketball court, a baseball diamond, an outdoor artificial ice rink, and ten tennis courts. Keep going east to reach the smaller beaches such as Balmy Beach and Silver Birch Beach.
The Beaches Transit & Accessibility
Three kilometres of beachfront along Lake Ontario: Woodbine Beach, Kew Beach, Balmy Beach, and Silver Birch Beach
The Beaches Transit & Accessibility
Top 100 elementary school by Fraser Institute: Balmy Beach Community School and Courcelette Public School
The Beaches Transit & Accessibility
Countless outdoor activities at Woodbine beach
The Beaches Transit & Accessibility
Close to major highways such as the Lakeshore Boulevard, Gardiner Expressway, and the Don Valley Parkway
Is The Beaches a place for young families?
Young families will be lured to The Beaches either by parks, recreational activities, and a strong school network. The main secondary school in the neighborhood is Malvern Collegiate Institute, which is located immediately north of Kingston Road.Malvern was placed in the top 70 of all secondary schools in Ontario out of approximately 800 different schools in the Fraser Institute's Annual Report Card for 2020. There are several excellent primary schools in The Beaches too. Balmy Beach Community School and Courcelette Public School were both ranked in the top 100 in by Fraser Institute.
Are new condos in The Beaches a good investment?
The Beaches are a popular vacation spot for individuals of all ages. Young professionals are increasingly working from home and wanting to relocate outside of the highly populated downtown core. The Beaches offers a lovely waterfront neighbourhood with an excellent blend of activity and leisure. The green space and good school networks will attract young families to The Beaches. The Beaches is also a fantastic place to retire if you don't want to leave the city completely. Real estate demand is usually strong at The Beaches, so investing in new condo developments in this neighbourhood is a no-brainer.
How much will the value of my condo rise in the next five years?
Condos in Toronto appreciate at a year-over-year rate of 2%, which is a reasonably constant and stable pace. Certain locations, on the other hand, receive substantially larger returns as they become more popular. Depending on the neighbourhood, your condo's value might climb by 10% or more in a single year. However, because of the demand for the neighbourhood, certain places are somewhat more stagnant than the average. It is a fairly safe bet that your condo will rise in value each year, and it is a foregone conclusion that it will be a highly profitable investment in five years.
