Pre-Construction Condos For Sale in Cabbagetown

About Cabbagetown's Pre-Construction Condos For Sale

Welcome to Cabbagetown, a neighbourhood in the city of Toronto with 3 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 St. James Town and North Riverdale are nearby. Cabbagetown is Very Walkable with a walk score of 78. This neighbourhood is a Biker's Paradise with a bike score of 97. a Rider's Paradise is available in Cabbagetown.

Cabbagetown Condos For Sale

Located in Toronto, Cabbagetown is home to some of the city's trendiest condos. This neighbourhood has attracted all kinds of developments, 14 condo buildings to be exact, to its exciting streets. There is a fantastic mix of modern high-rise condos and funky lofts, there are 11 Low-Rise, 3 Pre-Construction, 7 Loft, 1 Luxury, and 3 Mid-Rise in Cabbagetown. Condos for sale in Cabbagetown offer something for everyone. The average days on market for condos for sale in Cabbagetown is 13 days. Cabbagetown had 30 condos sold within it in 2020, an increase of 400% compared to the year before. Last year condos for sale in Cabbagetown had an average sale price of $$656,650, an decrease of -8% from the year before. This neighbourhood is a Biker's Paradise with a bike score of 97. a Rider's Paradise is available in Cabbagetown. Cabbagetown is Very Walkable with a walk score of 78. The neighbourhoods South St. James Town and St. James Town are nearby.

Cabbagetown has many popular bakeries including TASSO and Absolute Bakery & Cafe. If you are looking for coffee TASSO and Park Snacks offer great options in Cabbagetown. Groceries are close-at-hand with supermarkets Marhaba Super Market Inc and Sarker Grocery in Cabbagetown. Locals of Cabbagetown love dining at House on Parliament. Do you love to be outside? Riverdale Park West is a great park in Cabbagetown. Cabbagetown Remedy's Rx Jamestown Pharmacy and Remedy'sRx - Ultra Pharmacy are a short walk away as well. Cabbagetown has many local events taking place with Akasha Art Projects Inc and Spruce Toronto | Home Decor + Gifts catering to the arts scene. Many gyms and fitness centers are popular with residents of Cabbagetown. Some of these facilities are Eagle TaeKwonDo Academy - Toronto Martial Arts Club and InnerCity Martial Arts in Cabbagetown. Take your pets to Menagerie Pet Shop. The local schools in Cabbagetown is Rosedale Heights-Arts.

What to Expect

One of Toronto’s most gentrified neighborhoods, Cabbagetown has much to offer. Just east of the downtown core this region has restored Victorian homes, retail shopping and an expansive parkland. There is an added bonus, no one will mind if you install a vegetable patch on your front lawn. This highly sought after location offers easy access to financial and business district but slows the pace slightly to allow for a more relaxed feel. You can keep your car if you need to use the Don Valley to commute or you can take advantage of the many TTC options.  This is also a great spot if you love to bike and want a little bit of nature in your day. There are many residents associations and a community spirit prevails. There are historic preservation groups working to protect the remaining heritage sites in the area. Popular with the professional commuter and small business owner, the area is also known for being very friendly for the LGBTQ community.

Demographics

The working age population is roughly 20% higher than the city average. Mostly English speaking, Cabbagetown also has residents for whom Spanish, Tagalog and Cantonese are spoken as well. There remains, after more than 100 years, a large Irish population. Most homes are occupied by couples without children. Despite the large number of Victorian heritage homes, the vast majority of residents live in high rise apartments buildings. The senior portion of the population is divided equally between family members and living alone. Those that purchased their Victorian or otherwise twenty years ago, remain in the neighborhood. The pre retirement community is above average for the city. The average household income hovers just above the city average at around $72,000.

Lifestyle

One of the oldest and most colourful neighborhoods, Cabbagetown has a storied past and a dynamic present. A mix of stunning modern architecture and preserved Victorians sets the stage for a modern lifestyle in an established neighborhood. Parliament is the destination for walkable retail and amenities. There are specialty shops, design stores and many a treat to be tasted.There are bakeries and cafes, as well as one-of-a-kind retails paces, many daily services and great spots for dinner. There is a real sense of community in Cabbagetown that adds the character, value and appeal of this gentrified district. For those with families, Sprucecourt Junior and Winchester Junior and Senior public schools are available. If you need a bit of green in your city space, look to Riverdale Farm. More than 7 acres of lush farm land right in downtown. 

What you'll love

Best of Both Worlds. Cabbagetown is so close to the core but you’ll feel a world apart when you’re there. An easy commute and retreat. You can even keep your car, although you probably won’t need it. The Cabbagetown tour of homes. Twice a year the Cabbagetown Preservation Association hosts tour of historic homes. You can even book a private tour off season. You can live in a brand new development without missing out on the history. Riverdale Farm. With the farmscape and a variety of classes and recreation programs this park will charm families with young children and adults who need some quiet time.