Welcome to Entertainment District, a neighbourhood in the city of Toronto with 23 Pre-Construction buildings with condos for sale. Last year, 5 Pre-Construction condo units sold in Entertainment District. Pre-Construction condo buildings in Entertainment District had an average sale price of $302,800 in 2020 and spent an average of 115 days on market. The Pre-Construction condo building with the highest Dork Rating in Entertainment District is 357 King West with a rating of 2351 in 2020.
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.
357 King West in Entertainment District was the most active Pre-Construction condo building in 2020 with 3 units sold in Entertainment District. Empire Maverick Condos had the highest average price per sqft in 2020 for Pre-Construction condo buildings in Entertainment District with an average price per sqft of $1,474.
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.
Financial District and Railway Lands are nearby neighbourhoods with Pre-Construction condo buildings. Entertainment District is a Walker's Paradise with a walk score of 98. This neighbourhood is Very Bikeable with a bike score of 73. a Rider's Paradise is available in Entertainment District.
Established as one of Toronto's condo hubs, Entertainment District, has a total of 83 condo buildings. There is a perfect fusion of modern high-rise condos and hip lofts, there are 65 High-Rise, 23 Pre-Construction, 14 Mid-Rise, 17 Luxury, 4 Low-Rise and 2 Loft in Entertainment District. Entertainment District has some of Canada's coolest condos for sale! Condos for sale in Entertainment District spend an average of 21 days on market. There were 2464 condos sold in Entertainment District in 2020. Entertainment District saw an increase in the number of condos sold by 345% compared to the year before. Last year condos for sale in Entertainment District had an average sale price of $$818,342, an decrease of -10% from the year before. This neighbourhood is a Walker's Paradise with a walk score of 98. a Rider's Paradise is available in Entertainment District. This neighbourhood is Very Bikeable with a bike score of 73. The neighbourhoods Financial District and Railway Lands are nearby.
Entertainment District has many popular bakeries including Ricarda's Restaurant | Bar | Cafe, Longo's Maple Leaf Square, and Aroma Espresso Bar. There are some great cafes in Entertainment District such as Little Nicky's Coffee, Dark Horse Espresso Bar, and Second Cup Coffee Co. featuring Pinkberry Frozen Yogurt. Groceries are close-at-hand with supermarkets Longo's Maple Leaf Square, Rabba Fine Foods, and Fresh & Wild Food Market in Entertainment District. Locals recommend eating at Fresh Restaurants and The Fifth & Terrace in Entertainment District - they have great food! Entertainment District offers a lifestyle full of green space for outdoor lovers, parks include Ford Fan Zone, Remembered Sustenance, and Chinese Railroad Workers Memorial. You can find the pharmacy Infinity Health Pharmacy in Entertainment District. There is great shopping at Intellon. Entertainment District is lucky to be home to a hospital, Council of Academic Hospitals of Ontario. There are a number of museums and art galleries in Toronto including Open Studio and yumart. Many gyms and fitness centers are popular with residents of Entertainment District. Some of these facilities are Arzadon Fitness, Innovative Fitness Ritz-Carlton and Unchained Athletics in Entertainment District. Take your pets to Pet Valu. Movie geeks can catch a movie at Necessary Angel Theatre. The local schools in Entertainment District is Just Be Meditation. There are many students in this neighbourhood as Ontario College Of Family Physicians is located within it. Ride the subway underground, the closest station is St. Andrew. Travel far and wide from Mexicali International Airport via airplane.