Pre-Construction Condos For Sale in North Riverdale
About North Riverdale's Pre-Construction Condos For Sale
This is North Riverdale, a neighbourhood in the city of Toronto with 1 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.
If you're looking for more Pre-Construction condo buildings in this area, the neighbourhoods Riverdale and Cabbagetown are nearby. North Riverdale is Very Walkable with a walk score of 77. This neighbourhood is Very Bikeable with a bike score of 89. a Rider's Paradise is available in North Riverdale.
North Riverdale Condos For Sale
The quieter condo neighbourhood of North Riverdale in Toronto has awesome buildings to choose from with a total of 4 condo buildings. These are made up of 3 Loft, 1 Mid-Rise, 1 Pre-Construction and 3 Low-Rise. There are great options of condos for sale in North Riverdale to call home. The average days on market for condos for sale in North Riverdale is 12 days. There were 5 condos sold in North Riverdale in 2020. North Riverdale saw an increase in the number of condos sold by 400% compared to the year before. Condos for sale in North Riverdale had an average sale price of $1,212,380 last year, an increase of 43% from the prior year. This neighbourhood is Very Walkable with a walk score of 77. a Rider's Paradise is available in North Riverdale. This neighbourhood is Very Bikeable with a bike score of 89. Riverdale and Cabbagetown are nearby neighbourhoods.
Dough, Cinnaholic, and Loblaws are great bakeries in North Riverdale. If you are looking for coffee Si Espresso & Pasticceria Bar is in North Riverdale. Do you enjoy being in the kitchen? Pick up groceries at Loblaws. Locals of North Riverdale love dining at Pantheon Restaurant and The Edmund Burke. There is a surprising amount of green space with Erica Stark Parkette in North Riverdale. North Riverdale Shoppers Simply Pharmacy and Broadview Medical Pharmacy are a short walk away as well. Bridgepoint Hospital is the closest hospital to North Riverdale. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Ballet Espressivo is a super popular fitness center with locals. Take your pets to Big Paws Inc (East End Location). Schools in North Riverdale include Frankland Community School Junior, Pape Avenue Junior Public School and Withrow Avenue Junior Public School.
What to Expect
North Riverdale is standout even among the many great Danforth neighborhoods. Located between Danforth in the north and Gerrard in the south, with the Don river in the west and ending at Pape in the east, this neighborhood is excellent for families and urban professionals. The north west corner of the neighborhood at Danforth and Broadview has the first subway platform after the river, with two more stops in the neighborhood as well. TTC buses can also be accessed north and south on broadview and Pape. Additionally, there is streetcar access on Gerrard. Both the Danforth and Gerrard st are walkable commercial districts. They are both filled with services, shops and restaurants. The Danforth is part of Greektown while this stretch of Gerrard is home to Chinatown East. For outdoor recreation, this neighborhood is packed with parks. There are public and private schools in the area as well as extracurricular activities for the families who reside here. There are also nightlife and live music venues on the Danfo...
Demographics
All across the neighborhoods of the Danforth there are an increased number of working age individuals and more young children than the city average, North Riverdale is no exception. There aren’t as many more young children than in some of the surrounding neighborhoods, but you’ll still see plenty of strollers around. There are far fewer seniors is this neighborhood, and those who choose to reside here tend to live with family twice as often as living alone. The most popular buildings are less than five stories, but many residents are living in both single and semi detached homes. The density is slightly lower in this neighborhood over the surround areas. There are just over 12,000 residents living in just under two square kilometers, so it remains pleasantly busy without being overcrowded. The overall population has decreased slightly since 2006. Most people speak English, even at home however, there is a generous population of Cantonese speakers. There are also many residents who speak nonspecific Chinese a...
Lifestyle
You’ll have to work hard to keep yourself out of the park in North Riverdale. There are two outstanding green spaces, Riverdale Park East and Withrow Park. At Riverdale you’ll be able to catch some sun on the hillside with a cityscape view or while lounging at the pool. There are tennis courts and a children's playground as well as mixed use sports fields. Over at Withrow there is a new play zone for kids with sand pits, climbing structures and a splash pool. There are off leash areas, tennis courts and an outdoor rink. After all of that activity you’ll be able to refuel at some of the city’s great restaurants. There are an overwhelming number of places to choose from on the Danforth and almost as many on Gerrard. The choices range from Greek to Chinese and Vietnamese to Gastropub. There are also outlets of major chains to choose from. Residential streets are quiet and tree lined, with the exception of Pape and Broadview which are both residential and commuter thoroughfares. There are a few high rise buildin...
What you'll love
Live music. The Danforth Music Hall is a mid size venue that has been open since 1919 and attracts big names to its 1500 seat theatre. In North Riverdale you can go out for the night and still walk home without having to head into the core. Allens. Before going to see your favourite band play, you can sip your favourite whisky. Allens has been open since 1987 and along side the massive spirits collection serves farm fresh, homemade hamburgers and many other famous creations. As a special bonus the patio is one of the finest in Toronto.
