Pre-Construction Condos For Sale in Bay Street Corridor

About Bay Street Corridor's Pre-Construction Condos For Sale

Welcome to Bay Street Corridor, a neighbourhood in the city of Toronto with 10 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 Grange Park and The Village are nearby. This neighbourhood is a Biker's Paradise with a bike score of 96. a Rider's Paradise is available in Bay Street Corridor. Bay Street Corridor is a Walker's Paradise with a walk score of 97.

Bay Street Corridor Condos For Sale

Living in Bay Street Corridor gives you access to everything Toronto has to offer. With a total of 68 condo buildings, everything your heart desires is available. There is a perfect fusion of modern high-rise condos and hip lofts, there are 60 High-Rise, 4 Low-Rise, 10 Pre-Construction, 1 Loft, 3 Mid-Rise and 13 Luxury in Bay Street Corridor. Bay Street Corridor has some of Canada's coolest condos for sale! Condos for sale in Bay Street Corridor spend an average of 24 days on market. There were 1481 condos sold in Bay Street Corridor in 2020. Bay Street Corridor saw an increase in the number of condos sold by 306% compared to the year before. Last year condos for sale in Bay Street Corridor had an average sale price of $$938,984, an decrease of -11% from the year before. This neighbourhood is a Walker's Paradise with a walk score of 97. a Rider's Paradise is available in Bay Street Corridor. This neighbourhood is a Biker's Paradise with a bike score of 96. You can find the neighbourhoods of Grange Park and The Village nearby.

Bay Street Corridor has many popular bakeries including THE BAGEL STOP and Angel At Aura. Coffee shop lovers will appreciate local cafe's like Timothy's World Coffee, Chatime, and Starbucks. Do you enjoy being in the kitchen? Pick up groceries at H Mart Dundas. Foodies won't be disappointed by the presence of excellent local restaurants The Queen & Beaver Public House, VOLOS and Adega Restaurante. There is a surprising amount of green space with Podium Green Roof, Toronto Urban Native Ministry, and Ontario Veterans War Memorial in Bay Street Corridor. You can find the pharmacy Global Drug Mart in Bay Street Corridor. There is great shopping at Pure Laneige. The Hospital for Sick Children is the closest hospital to Bay Street Corridor. If you are looking to visit a museum or art gallery Art Boulle can be found in Bay Street Corridor. Be sure to check out Homefit and Crunch Fitness - College Park if your condo building does not have a gym- some great local fitness centers! Take your pets to Lucky Tails Pet Boutique. If you enjoy reading you will be happy CMC is in Bay Street Corridor. The local schools in Bay Street Corridor is St Joseph's. There are many students in this neighbourhood as Ryerson University - Ted Rogers School of Management is located within it. Ride the subway underground, the closest station is Queen's Park. For those who love to travel Hospital Helipad is nearby to catch a flight.

What to Expect

The financial, hospital and discovery districts are not the only features of this neighborhood. You’ll also get Ryerson, City Hall and Downtown Yonge st. This energetic, historic spot has been gentrified once again by condos and young urban professionals. An area designed around the pedestrian ,there are above ground street level shops on every block. There are also many indoor shopping areas like the Atrium on Bay, The Eaton Centre, College Park and access to all of them through the underground, retail centric PATH. The Bay St. Corridor is accessible by the Queen streetcar which runs 24 hours and the University line of the Subway. There is also a 24 hour bus on Yonge street. This fast paced zone is the most densely populated ward in the GTA. It hums from morning until night Monday to Friday. 

Demographics

This is an area dominated by the working professional. It is largely English speaking but due to  the financial industry you can also find a generous Mandarin Speaking population, other Chinese speakers any many Arabic speakers as well. There is a high percentage of very well educated individuals, many of whom have immigrated from China. Most homes are single dwellings or have couples with no children. Expect to find a huge amount of high rise Condominiums except in very rare cases. The average household income in the Bay St. Corridor is in the $60,000 range.

Lifestyle

You’ll want to keep up the pace in this core neighborhood. Find a favourite among the many shoe stores in the area, you’ll be doing a ton of walking. Most people will walk or take the TTC to work, walk home and walk to recreational activities in the neighborhood. Driving and cycling are much less likely in this area. If you plan to keep a car, expect to pay a premium every month to park, you’ll also want to keep up with traffic trends when exiting the city. This is the place called to mind when you say “downtown”. The Eaton Centre has a constant fervor of activity and when there is free moment Queen’s Park and City Hall offer relaxing places to sit and watch the people. There are all manner of restaurants, but this area is especially friendly for takeout and take-home food. Expect that business adjacent services and restaurants might not open for weekends but streetside eats and amenities will tick round the clock. There is a YMCA in the area that includes an indoor pool. There are venues for live theatre and some very fine dining outlets. 

What you'll love

Life in the Core. This area epitomizes downtown living. A fast paced, work/live community with all of the perks. The Eaton Centre. There is nothing you can't find in the Bat St. Corridor. But, just in case there is also a Best Buy and a Canadian tire on the Bay st side of the Complex. You’ll be in fashion well fed and connected. The rooftop garden at City Hall. It is already a ton of fun down in Mel Lastman square, there are fountains in the summer, skating in the winter, a huge stage and plenty of snacks. However, if that isn’t enough and you need a small break from the pulse of the core, take a trip up the ramp to the rooftop green space. You’ll be amazed at the tranquility and solitude of the fresh outdoor area. Easy Transportation. As great as life in the core can be, if you need a little escape, transportation out is so easy. The Greyhound station is there, the TTC and easy commute to Union station as well as being able to pick up the Gardiner and Lakeshore just a few blocks south.