I don’t know if we’ll ever truly rid the stigma of “Regent Park,” but honestly, when you consider how close this is to the downtown core, how far your dollar goes, and how nice some of these condos are, it’s really hard to cast the whole area aside if you’re an active buyer.
Seeing is believing, as I said in the following video.
And if you’ve only heard about the revitalization of Regent Park, and haven’t actually seen the new condos in the area, then take two minutes to watch this crudely-shot, shaky video I took last night while moving east along Dundas Street…
Let’s try a pricing exercise.
How much for the following:
Parking & Locker
Low Maintenance Fees
How much, folks?
In the downtown core, on average?
Maybe more, in King West. And in the St. Lawrence Market area right now, which is really hot, this would cost more than $400,000 as well.
In Regent Park, in a 4-year-old building, you can get this for $315,000.
That’s crazy value!
But, yes, you have to tell people you live “….in Regent Park.”
Will that stigma ever go away?
In Monday’s blog video, we talked about the idea of owning a house backing onto the train tracks, and how much more you would pay to be on the other side of the street, or, how this might represent an opportunity to get into a house in this red-hot market.
Well, the same argument can be made for Regent Park condos.
Every buyer in Toronto feels the squeeze of rapidly-increasing prices, and you have to look for value, or opportunity, where and when you can.
If you haven’t actually walked or driven along Dundas Street east, hopefully this video showed you something new today.
Oh – and the area south of Dundas I was pointing out at the end of the video, well this is called the “Regent Park Athletic Grounds” which is 2.8 acres and highlighted by a massive soccer field funded by MLSE and sponsored by TFC.
How cool is that?