Pre-Construction Condos For Sale in Oakwood-Vaughn
About Oakwood-Vaughn's Pre-Construction Condos For Sale
Welcome to Oakwood-Vaughn, 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 Five Points and Cedarvale are nearby. This neighbourhood is Very Bikeable with a bike score of 71. Excellent Transit is available in Oakwood-Vaughn. Oakwood-Vaughn is Very Walkable with a walk score of 72.
Oakwood-Vaughn Condos For Sale
Viewed as one of Toronto's condo hot spots, Oakwood-Vaughn, has a total of 6 condo buildings. Oakwood-Vaughn is a perfect fusion of modern and hip condos, there are 4 Mid-Rise, 3 Pre-Construction and 2 Low-Rise. There are limitless selections of condos for sale in Oakwood-Vaughn to call home. Condos for sale in Oakwood-Vaughn spend an average of 52 days on market. Oakwood-Vaughn had 40 condos sold within it in 2020, an increase of 208% compared to the year before. Condos for sale in Oakwood-Vaughn had an average sale price of $$792,395 last year, an decrease of -4% from the prior year. This neighbourhood is Very Walkable with a walk score of 72. Excellent Transit is available in Oakwood-Vaughn. This neighbourhood is Very Bikeable with a bike score of 71. You can find the neighbourhoods of Five Points and Cedarvale nearby.
Fortune Cookies Canada is a great bakery in Oakwood-Vaughn. Coffee shop lovers will appreciate local cafe's like Oakwood Espresso, Yummi Cafe Laundromat, and Amp Studio Cafe. Groceries are close-at-hand with supermarket La Cubana in Oakwood-Vaughn. Locals of Oakwood-Vaughn love dining at Caribbean Queen Express and Toronto Soup Co.. Oakwood-Vaughn offers a lifestyle full of green space for outdoor lovers, parks include Cy Townsend Park and Laughlin Park. You can find the pharmacy Dufferin Medical Pharmacy in Oakwood-Vaughn. GrassRoots Supply Co is a shopping center in Oakwood-Vaughn that has something for everyone. Be sure to check out The Runner's Academy and Tiger Dragon Martial Arts Centre if your condo building does not have a gym- some great local fitness centers! Animal enthusiasts, good news Dufferin Animal Hospital is in Oakwood-Vaughn. Schools in Oakwood-Vaughn include St Clare Catholic School and J R Wilcox Community School.
What to Expect
Oakwood-Vaughan, more recently known as Oakwood Village is a streetcar community located in the York region. With borders on Dufferin and Winnett, in between Eglinton and St. Clair this is a residential community with plenty of commercial access. This neighborhood encases several other smaller communities. It is connected to the old Corso Italia in the southeast and little Jamaica in the northwest. There are two newer outlets of the Toronto Public Library that are easily accessible to the residents of the neighborhood. The Oakwood Village and Maria A. Shchuka Public libraries were built in 1997 and 2003 respectively. There are a selection of public schools and a few parkettes. The best outdoor recreation is at Fairbank Memorial Park which has an outdoor pool, and is otherwise easily accessible in the adjacent neighborhood at Cedarvale Park. Retail outlets, services and conveniences are located on St. Clair and Eglinton. The interior streets are filled with single detached houses but there are high and mid ris...
Demographics
A working age community Oakwood-Vaughan matches the city average for this group. There are just slightly fewer young children in the area and quite a few less older youths between the ages fifteen and twenty four. There are more seniors in the area who will be well served by the Eglinton subway service even though they tend to live with family members in this neighborhood. The population decreased between 2006 and 2011. The majority of the population are English speaking but there are a significant number of dual language speakers. The largest group are Portuguese speakers but there are also Italian families and Spanish speakers. The average income in the area is below the city average at $57,000 but the number of low income families remains on par with the average in Toronto.
Lifestyle
Quiet family living and lively street level shopping combine to make up the lifestyle in this community. Oakwood-Vaughan is well served by community outlets, public libraries, and the Fairbank Memorial Community Centre. The centre offers art programs, fitness classes and sports. It also has a seniors recreation program for the many citizens in this age group to keep them active and connected to the community. The outdoor pool is a highlight in the summer months. As are the green space and the children’s playground. There are also excellent public schools servicing the community. For shopping, you’ll be able to stay local for daily groceries but you’ll need to go outside of the neighborhood to stock up at the supermarket. You can find mostly independent retailers for clothing and conveniences. The restaurants are casual and family friendly. There is a diverse selection of cuisine from Thai to Caribbean and many places in between. There are also plenty of coffee shops, pizza places and some quick service chains. For more selections in clothing and upscale services, the St. Clair streetcar links to the subway for downtown access. This will also be the route for alternative nightlife choices, live music and events. The interior streets of the community are quiet and lined with mid size, single detached houses. The apartment buildings in the area are older, established units, lining the outer streets.
What you'll love
Proximity: It’s great to have peaceful streets to come home to in Oakwood-Vaughan and just as great to be able to get into downtown so easily. The Eglinton subway line will only increase the proximity factor. Keep your car. You can use the TTC for those trips into downtown but for everyday life in this area you’ll be able to keep your car, move easily through the streets and find outlets for auto services.
