Scarborough Real Estate Statistics
| Average Home Price | $2.8M |
|---|---|
| Lowest Listing Price | $1.5M |
| Highest Listing Price | $4.4M |
| Total Property Listings | 6 |
| Avg. Price/SQFT | $726 |
Property Types (active listings)
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It’s no secret that the Scarborough real estate market is hot right now. With lower housing prices than downtown Toronto, a diverse and dynamic cultural scene, and access to urban amenities and areas of natural beauty, it’s easy to see why Scarborough is a top choice for home buyers.
Over the past decade, Scarborough has seen incredible growth with new developments going up in nearly every neighborhood, from Kingston Road to Birch Cliff and Malvern. Home buyers can choose from numerous housing options including pre-construction condos, condo assignments, townhomes, duplexes, existing condos, and custom-built homes.
Scarborough condos are a great investment for those looking for a starter home or to downsize from a single-family home to a low-maintenance option. Many people also purchase Scarborough condos to rent out, as there is a high demand for rental properties in the area.
Condos range from chic studios and one-bedrooms to spacious two and three-bedroom units. If you opt for a Scarborough pre-construction condo, you may have a say in everything from the floor plan to the colour scheme, custom cabinets and more. Existing units give you less customization options, but you can usually move in as soon as the sale closes.
Newer condo developments in Scarborough often include attractive outdoor spaces and world-class amenities. Residents may have access to rooftop patios, outdoor dining areas, lounges, and fitness centres. Many developments are also just minutes from major transportation routes.
Single-family homes for sale in Scarborough are popular with families and those who want a more traditional living space. You’ll find a mix of architectural styles including Cape Cod, Tudor, and Edwardian, as well as modern custom-built homes.
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About Scarborough, ON
Once a collection of small villages and farms, Scarborough is now a thriving suburb of Toronto. It is best known for the beautiful Scarborough Bluffs, its diverse multicultural population, and more recently for its revitalized areas with sleek new developments going up.
Scarborough is located east of downtown Toronto and North York and west of Pickering. To the north is Markham and to the south is Lake Ontario. The 401 Highway bisects Scarborough, making it easy to get to Toronto and beyond. The Scarborough GO Station has numerous buses and trains that set off to destinations around the region.
Amenities & Attractions in Scarborough, ON
One of the best things about living in Scarborough is that you have a wealth of amenities right on your doorstep including grocery stores, specialty shops, restaurants, malls, schools, and medical centres. Plus, downtown Toronto is just a bus, train or car ride away.
Despite being a bustling urban centre, Scarborough also has many areas of natural beauty. The Scarborough Bluffs are stunning white cliffs that overlook the lake and numerous beaches. Rouge National Urban Park is a great place for hiking and camping, and the Great Lakes Waterfront Trail offers incredible vistas.
The Toronto Zoo will fascinate visitors of all ages with multiple attractions. In addition to housing hundreds of animals and plants from around the world, the zoo also has a waterpark, ropes course, zipline, and a number of rides. The zoo is open seven days a week, year-round.
Scarborough’s diverse population means you can find nearly any type of cuisine. In fact, the community has developed a reputation as a foodie destination. Must-try spots include Babu for Sri Lankan curries, Xola for tacos and tequila, Shawarma Empire for shawarmas, Jatujak for pad Thai, and Warden Station for Jamaican patties.
Are you interested in learning more about Scarborough real estate? Contact Jay Banerjei online or call 647-273-1119 to discuss how you can start or grow your Toronto real estate portfolio!
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