Why Regent Park is a good bet for Condo Buyer's. 

By: Tori Wright & KJ Duck

Why Regent Park is a good bet for Condo Buyer's. 

Tags: first time home buyer, toronto real estate, condo prices,

Location. Value. Investment.

It's hard to find all those things in Toronto's booming Real Estate market. 

It's a 20 minute walk downtown from the heart of Regent Park. That's location. The revitalization of Regent Park is 15 years in the making and the new Regent Park is becoming just what it was set out to be. A successful mixed use, mixed income place for people to call home. 
The typical real estate rule of thumb is that you have to pay premiums for easy access to transit and amenities. In Regent Park you can still get in for $1000 sq foot and grab parking and a locker with the deal.  Right now the average cost for pre-construction in the city of Toronto is 1200/sq ft upwards and that comes with an unknown possession date, often years out.

The average cost of a 500-599 sq ft condo with parking in Regent Park is $537,829. By contrast if you're looking in trendy Trinity Bellwoods you'll need to pay a 10% premium for approx same square footage. Sometimes just opening your lens to a less competitive neighbourhood could be a really worthwhile trade-off.  
Rest assured your investement dollars are safe in this developing community. In the last 2 years condo prices have seen on average 33% appreciation. 

Great location, good value and solid returns, Regent Park you're a good bet.