$325,000
5 Massey Square 2103
Toronto (Crescent Town), Ontario
1bed1bath
REALTY 21 INC.
MLS® E12988314
condo in Toronto (Crescent Town)
Browse 19 active listings
Market Analysis
Crescent Town attracts a diverse demographic, from young professionals working in downtown Toronto to retirees downsizing from larger homes. The average age of residents tends to hover around the mid-30s, reflecting a vibrant community that blends youthful energy with a strong family presence. Many buyers in this segment appreciate the balance of city life and suburban comfort, drawn by the area's accessibility and amenities. The lifestyle here is characterized by convenience; residents enjoy proximity to essential services and recreational options. Living on streets like Crescent Town Road and Victoria Park Avenue means easy access to shopping at the nearby Eglinton Town Centre, dining spots, and parks such as Taylor Creek Trail, which offers trails and green space for outdoor activities. This mix of urban and suburban allure makes it a hotspot for those looking to invest in their first home while enjoying a well-rounded lifestyle.
Price Insights
With a median condo price of $448,800 and an average of $431,657, buyers stepping into the Crescent Town market can expect to find modern amenities and well-maintained units. Typically, a budget under $500,000 can secure a spacious one-bedroom or even a two-bedroom condo in some buildings, with sizes averaging around 600 to 800 square feet. Condos located on streets like Eglinton Avenue East or near the intersection of Victoria Park and Eglinton offer access to in-building facilities such as gyms, lounges, and rooftop terraces, enhancing the living experience. Given the competitive nature of this market, it is crucial for buyers to act quickly, as listings can turn over within weeks, reflecting the high demand within this price segment.
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About This Property Type
Condos in Crescent Town are primarily mid-rise buildings, characterized by their brick facades and contemporary designs, providing a quaint yet urban living environment. Many developments include features like open-concept layouts, modern kitchens, and balconies that offer stunning views over the surrounding areas. Notably, options along Crescent Town Road and surrounding streets often incorporate green spaces and communal areas, promoting a sense of community among residents. Certain properties may include additional perks such as designated parking spots or storage units, catering to the needs of various buyers who prefer a blend of convenience and comfort.
Location Highlights
Crescent Town is known for its vibrant community spirit and multicultural atmosphere. The diverse population contributes to a rich selection of restaurants, cafes, and shops along local streets, making it an attractive place for food lovers and social butterflies alike. Landmarks like the Crescent Town Club and the nearby Taylor Creek Park not only serve as recreational spaces but also as community hubs. Accessibility is another major highlight; residents enjoy easy transit options via the Victoria Park subway station and several bus routes that run along Eglinton Avenue, making commutes to downtown Toronto seamless. Families benefit from nearby schools like Crescent Town Elementary and recreational activities provided at local community centers, ensuring education and engagement for all age groups.
Investment Advice
Investing in a condo in Crescent Town can be a smart move, particularly for first-time buyers looking for affordable options in Toronto's competitive market. Given the relatively low median price compared to other neighborhoods in the city, investors can achieve a solid return on investment as the area continues to develop and gentrify. The steady demand for rental units in Crescent Town, coupled with upcoming developments that promise improved infrastructure and amenities, suggests strong long-term appreciation potential. Additionally, the unique blend of urban and suburban elements in this area makes it appealing not only for personal residence but also for attracting future tenants, ensuring a consistent rental income stream.
Buying Tips
When searching for condos in Crescent Town, it’s essential to work with a local real estate agent who understands the nuances of this competitive market. They can provide insights into current listings on streets like Crescent Town Road and help you navigate bidding wars that may arise due to limited supply. Be prepared to act quickly when you find a property that meets your needs, as the best deals can go fast. It's also wise to get pre-approved for a mortgage to streamline the purchasing process. Finally, consider looking at the condo's management and rules, ensuring that the building aligns with your lifestyle preferences, especially if amenities and community engagement are important to you.
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Frequently Asked Questions About Toronto (Crescent Town)
How many condos are for sale in Toronto (Crescent Town)?
There are currently 19 condos listed for sale in Toronto (Crescent Town) on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are condo listings updated in Toronto (Crescent Town)?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.
What bedroom sizes are available for condos in Toronto (Crescent Town)?
Condos in Toronto (Crescent Town) are available in 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom configurations. Use the sidebar links to browse by bedroom count.