Condo Living in Scarborough
Scarborough has long been a popular alternative to downtown Toronto living and is the eastern most boundary of Toronto, bordered by Victoria Park Ave to the west, Steeles Ave to the north, The Rouge River on the eastern side and the glorious Lake Ontario to the south. One of the largest areas in Toronto, the population is roughly 650,000 people and is known as one of the most diverse parts of the Greater Toronto. Scarborough Condos range from classic to modern themed layouts and designs and with many offering all sought after amenities such as a fitness rooms, pools and parking, from a master-planned community with top-notch amenities to boutique condo apartments which are surrounded by green space, there is a perfect option available for every buyer.
There are 25 neighbourhoods within Scarborough and some of Toronto’s most popular landmarks are located here such as the Scarborough Bluffs, The Rogue Valley and even the Toronto Zoo. With it’s close proximity to downtown and the 401, beautiful beaches and reasonable prices, Scarborough certainly is a great place to be. Scarborough’s motto is: ‘Home Above The Bluffs’.
Scarborough Real Estate Condo Prices
Scarborough real estate market prices on an average across the board for condos, townhomes, detached and semi-detached properties stands at $850,000, as of January 2024. It shows an yearly increase of 4.6%.
Condo prices in Scarborough –
For Scarborough condos, prices have increased for 1-bed, 2-bed and 3-bed condo suites by 12%, as of January 2024. Overall, the prices of condos is approximately $415,000. In the previous year, the prices were $372,000.
- For 1-bedroom condo in Scarborough, the price stands at $423,000, showing a 21% increase over the year. A year ago, the price was $349,000.
- For 2-bedroom condo in Scarborough, price is at $407,000, showing an increase of 4%. A year ago, the price was $391,000.
- For 3-bedroom condo in Scarborough, prices stand at $423,000, showing an increase of 1%. A year ago, the price was $420,000.
Prices of condos differ according to location, suit sizes and other specifications such as amenities included in the condo.
Townhome prices in Scarborough –
Prices of townhome in Scarborough are $465,000, showing a 20% decline in prices. In the previous year, the prices were $582,000. A 3-bedroom townhome can be priced around $465,000, showing a 26% decline in prices from previous year. Last year, the prices were $631,000.
Detached homes prices in Scarborough –
As for prices of detached homes in Scarborough, the prices have stays more of less the same with 1% decrease. Overall, the prices of detached home stand at $1.5 million. In the previous year, the prices were $1.6 million.
– A 2-bedroom detached home is priced at $1.3 million.
– A 3-bedroom detached home is priced at $1.4 million, showing a sharp 22% decline in prices. In the previous year, the prices were $1.8 million.
– A 4-bedroom detached home in Scarborough is priced at $1.7 million, showing a sharp 31% increase in prices since last year. In the previous year, the prices were $1.3 million.
Scarborough Transit Options
Condo in Scarborough is a great launching point to commute to work and travel around the G.T.A and beyond with so many transit options for Scarborough including LRT(Light-Rail Transit), streetcars, bus routes, the subway line and GO Transit. Getting around is incredibly accessible and easy. Many buses run 24-hours on the main streets, so regardless of what time you decide to head on home from a night in the city, you can do reliably.
Scarborough is served at the eastern end of the Bloor/Danforth Line of the subway and LRT system. Victoria Park, Warden and Kennedy are the three subway stations dedicated to serving the area. Kennedy Station is where Scarborough LRT originates, it runs north and east toward Scarborough Town Centre. The GO Transit authority has two major commuter train lines running across Scarborough, and it operates seven GO train stations.
