Pre-Construction Condos For Sale in Fort York
About Fort York's Pre-Construction Condos For Sale
This is Fort York, a neighbourhood in the city of Toronto with 1 Pre-Construction buildings with condos for sale. Last year, 1 Pre-Construction condo units sold in Fort York. Pre-Construction condo buildings in Fort York had an average sale price of $1,700 in 2020 and spent an average of 17 days on market. Fortune at Fort York had the highest Dork Rating, 2312, for a Pre-Construction condo building in Fort York 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.
Fortune at Fort York in Fort York was the most active Pre-Construction condo building in 2020 with 1 units sold in Fort York.
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 Bathurst Quay and City Place are nearby. This neighbourhood is Very Bikeable with a bike score of 75. a Rider's Paradise is available in Fort York. Fort York is Somewhat Walkable with a walk score of 59.
Fort York Condos For Sale
The vibrant condo neighbourhood of Fort York in Toronto has many great buildings to choose from with a total of 12 condo buildings.Fort York is a perfect fusion of modern and hip condos, there are 9 High-Rise, 1 Pre-Construction and 3 Mid-Rise. With so many buildings to choose from in Toronto, there are unsurprisingly many condos for sale in Fort York. The average days on market for condos for sale in Fort York is 15 days. There were 661 condos sold in Fort York in 2020. Fort York saw an increase in the number of condos sold by 518% compared to the year before. Last year condos for sale in Fort York had an average sale price of $$662,896, an increase of 0% from the year before. Fort York is Somewhat Walkable with a walk score of 59. This neighbourhood is Very Bikeable with a bike score of 75. a Rider's Paradise is available in Fort York. Bathurst Quay and City Place are nearby neighbourhoods.
A fresh cup of java or tea is never hard to find with Parisco Cafe and Starbucks in the hood. Do you enjoy being in the kitchen? Pick up groceries at Navs Grocery. Whether you are looking for brunch, a quick snack or a quality dinner Fort York has plenty of options like Parisco Cafe and Fort York Pizzeria. Fort York offers a lifestyle full of green space for outdoor lovers, parks include Garrison Common, The Gore, and June Callwood Park. There are always new exhibits and events happening at The Queen's York Rangers Museum. Animal enthusiasts, good news Pet Social Plus is in Fort York.
What to Expect
One of Toronto's Newest residential neighborhoods, Fort York has grown since the mid aughts. From one or two stand alone buildings it has developed into a densely populated, high rise condo community. In relative proximity to downtown, this area has many advantages. You can keep your car and find accessible routes on the Lakeshore and Gardiner expressway. You could also choose the TTC, it runs along the Lakeshore and up Bathurst. Many still choose to walk into downtown but it does take a little time. This is another area where with the development, art installations were given a primary role in the streetscape. Street life and street side shopping have yet to take hold. Most residents find shopping along the Queens Quay or venture north into downtown. The Lakeshore offers vast recreation areas and a June Callwood Park is a unique and modern urban recreation zone.
Demographics
Like many neighborhoods in this area, the Fort York population is dominated by working age individuals. They are comprised of mostly 24 to 39 yr olds. With a high percentage of single owner/occupiers, almost the entire population lives in high rise buildings. There are a few mid rise buildings but no stand alone dwellings. The majority of houses speak English however there is also a small population of Hindi speakers in the community. There are few seniors and very few children or families. The average household income is around $43,000 with a considerable portion of units being occupied by renters.
Lifestyle
Residents of Fort York commute to work and do most of their daily shopping and errands in Downtown. Once on King st, there are all manner of restaurants, stores and services to access. There are also night spots and lounges on Wellington. You’ll also be close to the services and businesses in Liberty Village. The Lakeshore offers recreation trails, green space and watersports. The neighborhood is next to the Exhibition grounds that host the CNE every year. There are also exciting events hosted year round in the Direct energy Center and other facilities on the grounds. The Garrison Common at Old Fort York has opened its grounds to yearly festivals and events and there is a new visitors centre as well. Most buildings offer spectacular views of the Lake Ontario or the city. The are also brand new and packed with features like 24 hour concierge, pools, gyms and family rooms.
What you'll love
Urban Condo living. Brand new high rise buildings with lots of features and amenities. Being close to downtown. Just over the bridge on Bathurst and you’ll be right at one of the busiest corners in the west side. Driving. Keep your car and use the Lakeshore for convenient transportation east and west. The Lake. Taking advantage of lake life is easy. Fort York is steps away from the beautiful park lands of the lakeshore, good for a stroll, serious jogging, cycling or a picnic and people watching.
