You may consider Etobicoke a suburban area of Toronto, but the community certainly has a lot to offer. There are many investment opportunities, including brand-new condos for sale and pre-construction developments. Let’s take a closer look at Etobicoke and see what it has in store for you.
Here’s the deal: some investors disregard Etobicoke because of its small size and the not-so-dense population. However, the town has a lot of perks, so investing in new condos in Etobicoke is a really good idea. And here’s why.
The real estate market in Etobicoke is growing and evolving. New listings appear regularly, and new projects begin construction every day. However, the prices remain relatively affordable. These days, you can buy a new condo under construction for around $450K. If you pick a studio or a 1-bedroom unit, you might even get a lower price. Real estate is affordable in Etobicoke, which makes it a good place to invest, especially now. Because the town is expanding, and the real estate prices will keep growing too.
Another reason to invest in pre-construction condos in Etobicoke is the growth of its population. More and more people choose to move to quieter suburbs while staying close to all the Toronto’s amenities. Therefore, the demand for housing increases gradually as well, which means you will have enough potential renters if you decide to lease your unit out.
Now, what makes Etobicoke an incredible investment opportunity is its location. While nesting near Lake Ontario, the town is located in a safe, peaceful community. Here’s the kicker though: Toronto downtown is just a short drive away, which means you can still enjoy all the amenities the big city has to offer. It includes entertainment and work opportunities as well. And you get all of that while having a quiet corner in Etobicoke, where you can rest and wind down away from the metropolis noise.
The town provides easy access to highways 401, 427, 27, 407, and QEW expressways. There’s the Bloor-Danforth subway line, multiple GO Transit stations, and countless bus stations, which means you will have no issues traveling around and visiting Toronto whenever you want.
If you don’t want to rent your unit out and plan to start (or move) a family in Etobicoke, you aren’t likely to be disappointed as this is a very family-friendly community. There are plenty of schools and recreation areas, plus parks and picturesque trails.
And finally, as the town is growing rapidly, local businesses grow with it. Currently, there are more than 18,000 of them. The economy of the area is rather stable and promising, so Etobicoke is investment-friendly as well.
Etobicoke New Condo Market Report
The real estate market in Etobicoke is constantly evolving alongside the community. Prices change, new listings appear, and new projects start. On average, a new listing spends around 23 days on the market. Around 510 properties were sold within the last month. This includes condos, townhouses, and detached homes.
Now, if you are planning to lease your unit out, take a look at the average condo rent prices in Etobicoke to have a general idea of what we are currently dealing with:
New Condos in Etobicoke
Average rent price (per month)
Studio
$1,660
1 bedroom
$1,830
2 bedrooms
$2,320
3 bedrooms
$2,540
Investing in new condos in Etobicoke and then renting your unit out is a good idea as there’s always a high demand for housing. Additionally, you are likely to get good revenue, as rent costs change with the area growing and becoming more populated.
Toronto and its areas (including Etobicoke) remain the most expensive in terms of rent. It applies to condo units of all types. So, regardless of what suite type you decide to invest in, you are very likely to get a profit by leasing it out in the future.
The List of New Pre-Construction Condos in Etobicoke
Location: 1197 The Queensway, Etobicoke, ON M8Z 1R7
Developer: Marlin Spring Developments
Types of suites available: 1 bedroom, 2 bedrooms, 3 bedrooms
Estimated completion: 2023
About: This mid-rise building will have everything you may need for a comfortable life. The suites will be spacious and full of light, with contemporary designs and modern amenities. The building is going to have around 118 parking spaces, plus areas for bike parking. There will also be a wellness center, a concierge service, a pet wash, a library lounge, and more.
Types of suites available: studio, 1 bedroom, 1 bedroom + den, 2 bedrooms, 2 bedrooms + den, 3 bedrooms, 3 bedrooms + den
Storeys: 35
Estimated completion: 2023
About: This stylish contemporary building will offer its residents modern living in a peaceful neighborhood. There will be lovely terraces and sleek balconies surrounded by parks and green spaces, so you will always have a nice view from your suite. The building will include an underground parking lot, shopping areas, and multiple other amenities.
About: If you are looking to live in a vibrant community or want to invest in a modern condominium under construction, the Evermore would be ideal. This contemporary building promises to change the urban skyline of the city. Offering suites of various sizes and layouts, it will combine stylish designs with high-quality finishes and appliances. The building will have a lot of common spaces, including a kids’ zone, a yoga studio, a party room, a youth hub, and more.
Location: 225 Birmingham St, Etobicoke, ON M8V 2C7
Developer: Menkes
Types of suites available: 2 bedrooms, 3 bedrooms
Storeys: 3
Estimated completion: 2023
About: Being one of the most elegant brand new condos for sale in Etobicoke, the Lake and Town has a lot to offer to its residents. Aiming to create a warm, family-friendly community, it is located close to the Lake Ontario waterfront, where you can enjoy the peace and quiet away from the buzzing metropolis. However, you will still have all the modern amenities within reach, suited for urban life.
About: Being located in one of the most desired neighborhoods of the Toronto area, the Empire Phoenix is planned to have suites in a wide range of styles and sizes. Surrounded by parks and facing the beautiful waterfront, this new condominium is ideal for both families and young residents. It will offer countless amenities on site, plus easy access to all the downtown facilities.
Location: 859 The Queensway, Etobicoke, ON M8Z 1N8
Developer: First Avenue Properties and Latch Developments
Storeys: 14
Estimated completion: 2021
About: This promising project can boast of many things, including an excellent location and contemporary architecture. Surrounded by plenty of green spaces, parks, and modern amenities, the 859 West Condos is a place that attracts potential residents from all over the neighborhood (including Toronto). This new condominium will also be a great commercial destination, as the first floor will be dedicated to retail space.
About: Looking for brand new condos for sale in Etobicoke that are almost ready for you to move in? Then the Bijou building might be the one for you. With an estimated completion of 2021, the building offers a mix of 1-, 2-, and 3-bedroom units. The ground and first floors will accommodate retail spaces and amenities for the residents, so you won’t even have to travel anywhere to enjoy the modern comforts.
When looking through the pre-construction condos in Etobicoke, you might start wondering what makes this city a good place to live.
Now, Etobicoke is not technically a city. It’s an administrative district that belongs to the western section of Toronto. However, Etobicoke can easily be called a town as it has its own community and, of course, history.
Located on the shore of Lake Ontario, Etobicoke is a lively, vibrant community. Don’t let its modest size scare you away, as the town is growing fast and confidently. It has a multicultural population, a diverse culture, and lots of things to keep you busy with.
What’s great about Etobicoke is the way this community combines modern living with a calm, charming suburban lifestyle. You see, the urban amenities are within reach, as Etobicoke is just a short drive away from downtown Toronto. At the same time, the town is nestled in a beautiful, tranquil waterfront area. It mixes charming neighborhoods with an exciting cosmopolitan living, nature with convenience, and quiet with excitement.
Etobicoke is a family-oriented community. You may find lots of townhouses and detached homes there, all surrounded by beautiful gardens and countless green spaces. However, as the demand is growing, there are many new condominiums appearing in Etobicoke. The town is starting to attract new residents and young professionals, and with the increasing need for housing, many new condo developments are appearing. Etobicoke is growing and changing its skyline rapidly, welcoming everyone to join its warm community.
The Tailor Condos – Proximity to the highway 427, the Gardiner Expressway, and the QEW. Toronto downtown is a 20-minute drive away. Multiple bus stations near the building. Kipling GO is minutes away.
Thirty-Six Zorra Condos – Easy access to Highway 427. The Kipling Subway station is 10 minutes away (by bus). Proximity to multiple GO stations. Toronto downtown is 17 minutes away (by car).
Evermore In the West Village – The closest TTC bus stop is around 150 meters away. Close proximity to highways 427, 401, 407, and the Gardner Expressway. The MiWay bus stop is around 500 meters away from the building. Kipling Subway Station is 3 km away.
Lake and Town Condos – Easy access to the Mimico GO train station and the Islington subway station. Proximity to highways 401, 407, and the QEW.
Empire Phoenix Condos – The Mimico Go Station is a short drive away. A new GO Station is planned to be built 10 minutes away from the condominium. Easy access to the Gardiner Expressway.
859 West Condos – Proximity to the Gardiner Expressway and Mimico GO Train Station. Multiple streetcar and bus stations are nearby.
Bijou on Bloor Condos – Walking distance to Jane Subway Station. Multiple bus stations are steps away from the building. Easy access to the Bloor GO train station and Old Mill Station Eastbound Platform. Minutes away from the Runnymede, High Park, and Keele subway stations.
F.A.Q.
Is Etobicoke a good place to live?
Yes. Etobicoke is a very safe, family-friendly community. It offers all the necessary amenities and peaceful living by the waterfront. At the same time, the excitement of a metropolis is right there, as Toronto is just a short drive away.
Is condo a good investment in Etobicoke in 2025?
Yes, investing in condos in Etobicoke is a good idea. The prices are quite moderate, but the housing demand is high. Investing now, you get to benefit from the optimal pricing conditions and have a chance to get more revenue in the future (if, for example, you decide to sell your unit or lease it out).
How many condos are sitting empty in Etobicoke?
New listings appear regularly, so there isn’t an exact number. However, to give you a rough idea, around 1,000 new listings appeared in August, and 510 were sold.
What is the average condo price in Etobicoke?
The average condo price in Etobicoke is $457K. Keep in mind that prices may depend on the unit type (number of bedrooms), location, developer, finishing, and many other factors.
What is the average rent price in Etobicoke?
The average rent price in Etobicoke is $2,235. The rent costs will depend on the suite type, location, amenities, design, etc.
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