$1,299,000
64 Old Mill Terrace 3
Toronto (Stonegate-Queensway), Ontario
3bed3bath
condo in Toronto (Stonegate-Queensway)
Browse 21 active listings
Market Analysis
In the vibrant Stonegate-Queensway neighborhood of Toronto, condo buyers range from young professionals to small families and retirees. With proximity to Downtown Toronto, many young professionals appreciate the balance of suburban tranquility and urban accessibility. Families gravitate towards this area due to its top-rated schools like École élémentaire catholique Sainte-Marguerite-Bourgeoys and recreational amenities, making it an ideal environment for children. Retirees often find comfort in the community's peaceful atmosphere, enhanced by parks such as Queensway Park and the nearby Humber River, which provides scenic walking paths. Residents often value a lifestyle that emphasizes community connection, recreational activities, and cultural experiences. The diverse demographic of buyers means that properties in this market can vary significantly in style and size, catering to different preferences and budgets within the segment under $1,500,000. The balanced market reflects steady opportunities, appealing to both first-time buyers and seasoned investors alike.
Price Insights
With a median price of $649,000 and an average price of $658,076 for condos in Stonegate-Queensway, buyers can expect a range of options that cater to various budgets. For approximately $600,000, one can find a modern one-bedroom unit on streets like Queensway or The West Mall, featuring open-concept layouts and contemporary finishes. For those looking at a higher price point, around $1,200,000, spacious three-bedroom condos near the picturesque Humber Bay Shores offer breathtaking views and luxurious amenities, including fitness centers and rooftop terraces. This price segment often includes valuable features such as in-suite laundry, parking spaces, and easy access to public transit, like the nearby TTC line along The Queensway. Buyers are not just investing in a property; they are also securing a lifestyle that includes restaurants and shops within a short distance, such as those found along Bloor Street West.
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About This Property Type
Condos in Stonegate-Queensway are defined by their variety, from boutique-style buildings to larger developments. Most condos feature modern architecture that harmonizes with the neighborhood, incorporating large windows and balconies to maximize natural light and outdoor space. Many properties also come equipped with desirable amenities, such as swimming pools, fitness centers, and communal lounges, enhancing the living experience. Typical floor plans range from cozy one-bedroom units to spacious three-bedroom models, catering to the diverse needs of individuals and families. For example, the Stonegate Commons on Stonegate Crescent offers contemporary living spaces with easy access to the area's scenic parks and community amenities. As buyers consider their options under $1,500,000, they will find a variety of styles and layouts that reflect the dynamic character of the Stonegate-Queensway community.
Location Highlights
Stonegate-Queensway stands out for its unique blend of suburban charm and urban convenience. Nestled near the Humber River, the neighborhood is home to picturesque parks such as Humber Bay Park and the beautiful Kingsway Park, offering residents ample opportunities for outdoor recreation. The area also boasts excellent schools, including Bishop Allen Academy and St. Marguerite d'Youville Catholic School, making it ideal for families seeking quality education options. Additionally, with excellent transit links via the TTC, including access to the Bloor-Danforth subway line and major bus routes along The Queensway, commuting to Downtown Toronto is straightforward. The nearby Sherway Gardens shopping mall offers high-end retail options, while a variety of local restaurants dot the area, providing residents with both convenience and a vibrant dining scene. This locality truly embodies a complete lifestyle, attracting those looking for a neighborhood with character.
Investment Advice
Investing in a condo in Stonegate-Queensway is a sound financial decision, especially given the balanced market conditions. The area has experienced steady growth in property values, making it a promising choice for both first-time homebuyers and investors seeking rental income. For instance, the proximity to major employment centers and the ever-increasing demand for housing in Toronto’s core contributes to the appeal. Moreover, the community's family-oriented atmosphere and ongoing development plans for local amenities ensure that property values are likely to appreciate over time. By entering the market now, buyers may benefit from favorable conditions, and with the right property, this investment could yield significant returns in the years to come.
Buying Tips
When considering a condo purchase in Stonegate-Queensway, prospective buyers should first define their budget and preferred property type, whether it’s a modern one-bedroom or a spacious family condo. Touring various buildings on streets like Queensway and The West Mall can provide insights into different layouts and amenities, helping buyers identify what suits their lifestyle. Additionally, it's essential to assess the condo's management and maintenance fees, as these can significantly affect overall costs. Investigate the reputation of the building management, past assessments, and any planned special assessments. Finally, working with a local real estate agent familiar with the Stonegate-Queensway market can provide invaluable guidance and assist in negotiating the best deal. By being informed and prepared, buyers can make a confident purchase that aligns with their long-term goals.
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Frequently Asked Questions About Toronto (Stonegate-Queensway)
How many condos are for sale in Toronto (Stonegate-Queensway)?
There are currently 21 condos listed for sale in Toronto (Stonegate-Queensway) on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are condo listings updated in Toronto (Stonegate-Queensway)?
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 (Stonegate-Queensway)?
Condos in Toronto (Stonegate-Queensway) are available in 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom configurations. Use the sidebar links to browse by bedroom count.