We track years of completed developments, we then look at potential new developments and take in consideration things like appeal (demand) and infrastructure (updates).
Mimico is a beautiful neighbourhood in Toronto that lies where the old city of Etobicoke was. It is a very popular neighbourhood famous for its waterfront properties and recreational facilities. Mimico is bordered by Lake Ontario, Mimico Creek, Evans Avenue, and Dwight Avenue on its south, east, north, and west respectively. Most of the residents belong to working class. Mimico offers a diverse range of accommodation units to its residents.
Mimico was always considered as a great community for future though it could not develop as desired by the planners. However, everyone agrees that it is moving in the right direction now. Most of the accommodation units here are in the form of condos (63%). There are also many detached houses (20%) and some townhouses (6%). Median home prices here are in the mid 800s which are 17% higher than prices last year. Median prices of new condos Mimico however are in the mid 500s
For shopping, Mimico has two big shopping complexes on Lake Shore Boulevard and Royal York Road. One can buy anything he desires from shops located inside these complexes. In addition, they also have restaurants, pubs and professionals providing a gamut of services. Residents are enjoying the resurrection of a waterfront feature at the end of Mimico Avenue that comprises two parks adjoining each other.
Median household income in Mimico is quite high ($74,144), and so is home ownership in this community (64%). Population of this neighbourhood stands at 26,550 but it is increasing continuously reflected by new condos Mimico coming up.
TTC serves the requirement of transportation of the people in Mimico with bus service lined up at Royal York Road and Evans Avenue. There is also a GO transit station passing through Mimico off Royal York Road. Those owning cars find it easy to access various places using Highway 427, Lakeshore Boulevard, and The Queensway.
Prices of property are on a rise in Mimico which is why it is an opportune time to enter the housing market. You are sure to get best returns on investment if you are looking for a home in waterfront areas of Toronto. This neighbourhood has a great location close to downtown Toronto and you will also find buying a home quite affordable here.
Mimico waterfront new condos are the most alluring prospects for those looking for a new home in Mimico. Buy a condo now to join a community of smart and young urban families.