Toronto’s real estate market is constantly evolving, and townhouses have become an increasingly popular choice for homebuyers seeking a balance between the space of a detached house and the affordability of a condo.
In 2024, several exciting townhouse developments are set to make their mark on the Toronto housing landscape.
This article will examine five outstanding townhouse developments, each offering a unique blend of style, amenities, and location to suit prospective buyers’ needs.
Benefits of Living in a Townhouse:
Maintenance-Free Lifestyle: Many townhouse developments offer maintenance services, allowing you to enjoy homeownership without the responsibilities of yard work or exterior upkeep.
Community Feel: Townhouses often have a built-in sense of community, with shared spaces and amenities that foster interaction and a neighbourly atmosphere.
Cost-Effectiveness: Offering more space than a condo at a lower price than detached homes, townhouses balance affordability and private living space.
Location: Townhouse developments are typically desirable neighbourhoods with easy access to city amenities, public transport, and green spaces.
Why Invest in Townhouse Developments:
Appreciating Asset: Real estate in Toronto appreciates making a townhouse a smart investment.
Lifestyle and Convenience: Modern townhouses are designed with the needs of contemporary homeowners in mind, providing both luxury and practicality.
Diverse Options: Various developments offer buyers the opportunity to invest in waterfront properties, eco-friendly homes, or homes close to downtown, aligning their investments with their preferences.
Townhouse Developments:
1. Daniels FirstHome Keelesdale 3
Location & Neighbourhood: At 2175 Keele St, Toronto, in the Beechborough-Greenbrook neighbourhood, Daniels FirstHome Keelesdale 3 offers residents a vibrant lifestyle. The area is a hub for shopping, dining, and entertainment and is close to Lawrence Allen Centre and Yorkdale Shopping Centre.
About the Developers: The Daniels Corporation, in partnership with DiamondCorp and Kilmer Group, is renowned for its 35+ years in the industry and delivery of over 27,000 projects. The company emphasizes community and quality in its development.
Development Details:
- Development Status: Pre-Construction
- Sales Status: Now Selling
- Price Range: $595,900 – $1,146,896
- Suite Sizes: 504 – 1349 sq ft
- Avg. Price/Sq. Ft: $850 – $1226
- Occupancy: 2024
- Storeys: 6
- Units: 100
- Extras: Parking Price – $69,000; Locker Price – $7,500
2. Reunion Crossing Towns
Location & Neighbourhood: This development is located at 383 Old Weston Rd, Toronto, close to neighbourhoods like Corso Italia and the Junction. Its high walk score indicates easy access to bars, restaurants, supermarkets, and banks.
About the Developers: Diamond Kilmer Developments specializes in stylish, affordable homes near transit and urban amenities. Their expertise ensures thoughtful, convenient living spaces.
Development Details:
- Development Status: Pre-Construction
- Sales Status: Sold Out
- Price Range: Developer Sold out
- Suite Sizes: 1028 sq ft
- Avg. Price/Sq. Ft: $875
- Occupancy: 2023
- Storeys: 2
- Units: 96
- Extras: Parking Price – Included; Locker Price – $5,000
3. Westshore at Long Branch Towns
Location & Neighbourhood: This Minto Group Inc. development at 3600 Lake Shore Blvd W, Toronto, offers a small-town feel in South Etobicoke. It’s near Len Ford Park, Syd Cole Park, and the waterfront, offering green spaces and leisure activities.
About the Developers: Minto Group Inc., a prominent Canadian builder, has created spaces since 1955. Their portfolio includes over 70,000 new homes and a significant presence in commercial real estate.
Development Details:
- Development Status: Pre-Construction
- Sales Status: Coming Soon
- Price Range: Coming Soon
- Suite Sizes: TBD
- Avg. Price/Sq. Ft: TBD
- Occupancy: 2024
- Storeys: 3
- Units: 509
- Extras: Parking and Locker Prices – TBD
4. District Islington Village Towns
Location & Neighbourhood: This development, located at 16 Burnhamthorpe Rd, Toronto, offers excellent connectivity. It’s close to Mississauga Transit, Islington subway, and Kipling GO station and near the bustling amenities of Dundas Street West.
About the Developers: Distrikt Developments and The Sud Group combine experience in sophisticated residential and commercial projects. Their focus on modern and refined projects is evident in this development.
Development Details:
- Development Status: Pre-Construction
- Sales Status: Platinum Access VIP
- Price Range: $1,099,900 – $2,299,900
- Suite Sizes: 1017 – 2198 sq ft
- Avg. Price/Sq. Ft: $1,044
- Occupancy: 2026
- Units: 76
- Extras: Parking Price – $59,000; Locker Price – $29.95/month; Maint. Fees – $0.36/sq ft/month
5. ParkHaus Urban Towns
Location & Neighbourhood: ParkHaus Urban Towns by Matrix Development Group is located at 40 Hendon Ave, Toronto, near Yonge St & Finch Ave W. It’s adjacent to Hendon Park, offering a balance of urban convenience and serene greenery.
About the Developers: Matrix Development Group has over 35 years of experience in real estate investment and development and is known for its commitment to integrity, excellence, and innovation.
Development Details:
- Development Status: Pre-Construction
- Sales Status: Planning
- Price Range: Coming Soon
- Suite Sizes: TBD
- Avg. Price/Sq. Ft: TBD
- Occupancy: TBD
- Storeys: 5
- Units: 30
- Extras: Parking and Locker Prices – TBD
Conclusion
Toronto’s townhouse developments cater to a wide range of preferences and lifestyles. Whether you’re seeking serene waterfront views, a sophisticated urban experience, or a blend of both, these developments have something for everyone.
Remember that townhouses can be freehold or condos with fees, so consider your needs and preferences when deciding.
Take your time to explore these options and make an informed choice to secure your dream townhouse in the heart of Toronto.