Pre-Construction Condos For Sale in Corktown
About Corktown's Pre-Construction Condos For Sale
Welcome to Corktown, a neighbourhood in the city of Toronto with 4 Pre-Construction buildings with condos for sale.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
West Don Lands and Canary District are nearby neighbourhoods with Pre-Construction condo buildings. Corktown is Very Walkable with a walk score of 85. This neighbourhood is a Biker's Paradise with a bike score of 99. a Rider's Paradise is available in Corktown.
Corktown Condos For Sale
Viewed as one of Toronto's condo hot spots, Corktown, has a total of 13 condo buildings. There is a perfect fusion of modern high-rise condos and hip lofts, there are 3 High-Rise, 4 Pre-Construction, 4 Mid-Rise, 6 Low-Rise, 5 Loft and 1 Luxury in Corktown. There are great options of condos for sale in Corktown to call home. Condos for sale in Corktown are on the market for an average of 16 days. Corktown had 135 condos sold within it in 2020, an increase of 309% compared to the year before. Last year condos for sale in Corktown had an average sale price of $$727,400, an decrease of -15% from the year before. This neighbourhood is a Biker's Paradise with a bike score of 99. a Rider's Paradise is available in Corktown. Corktown is Very Walkable with a walk score of 85. West Don Lands and Canary District are nearby neighbourhoods.
If you are looking for coffee Tandem Coffee is in Corktown. Locals of Corktown love dining at Morning Glory Cafe. Corktown offers a lifestyle full of green space for outdoor lovers, parks include Sackville Playground, Percy Park, and Bright Street Playground. You can find pharmacies HealthShield Pharmacy and Shoppers Drug Mart within walking distance. Corktown Residents and Business Association (CRBA) is a shopping center in Corktown that has something for everyone. Corktown has many local events taking place with botte Gallery, John A. Libby Fine Art and Preservation House catering to the arts scene. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not YOGAthletix is a super popular fitness center with locals. Take your pets to Bay Cat and Dog Hospital. The local schools in Corktown is St Paul Catholic School. There are many students in this neighbourhood as REDA Sales University is located within it.
What to Expect
Corktown is an affordable downtown location and it’s rapidly filling up with young professionals. It’s proximity to the downtown core, easy transportation and new builds make it a very attractive neighborhood in transition. This also makes a great location for students attending George Brown College. The school is within walking distance or easily accessed on the TTC. That same King st car or the 501 Queen car, will get you all the way through downtown and both connect to the subway. Take a short walk west and you’ll find yourself at to the world famous St. Lawrence market. Or, you could take a short walk east and land at one of the best new parks in the city the Corktown Common. There is a growing section of street level shopping on Queen and the area is poised to feature more local shops and services.
Demographics
Corktown is an area on the rise. A shift between 2001 and 2011 saw a 77% increase in population. Most people are of working age with the greatest representation in the 24 to 39 yr old range. While it is a largely English speaking neighborhood, you’ll also find a fair number of Spanish speaking residents. The majority of people are single and living in high rise apartments. Seniors in the area mostly live alone and although there are not a lot family units, there a number of single, working parent homes. The average household income is around $53,000.
Lifestyle
"The influx of residents is easy to understand when you see everything that Corktown has to offer. Transportation Is a huge plus in the neighborhood. With the streetcar on Queen and King there are two quick, direct routes into the core. This community has access to the John Innes Recreation Centre on Sherbourne, which has craft rooms, a gym, a swimming pool and a dance studio. If you prefer to stay fit and healthy by participating in Canada’s favourite pastime, the is the Hockey arena at Moss Park. By far though the most impressive park is at Corktown Common located at Bayview and Front st. Tucked into the natural setting you’ll find a splashpad and playground, a boardwalk and walking trails, green space, wetlands and plenty of spots to sit and watch the people and wildlife. If you’re not up for the walk, there is also a green space and playground at Sackville.
What you'll love
The Chefs school at George Brown. Get a great deal of meals and snacks made by the city’s chefs in training. Or, take a class and learn how to cook fine cuisine at home. And, if you do prefer to do your own cooking there is no better place than the St. Lawrence Market just outside of the neighborhood but well within walking distance. Find fresh butchers and seafood vendors, track down exotic ingredients or have one of Toronto's famous peameal sandwiches. Downtown location without the pricetag. You’ll feel like you’ve gotten away with a deal, it’s so easy to get into the downtown core from Corktown.
