NEW DIGS: INFILL PART 2 • Click here to read part 1
Many buyers gravitate toward redeveloped lots
Projects in established neighbourhoods benefit from existing amenities
Last week, we looked at the considerable and growing tension between developers, politicians and local residents when it comes to pushing forward with infill residential developments.
But the fact is, new-home buyers prefer to live in established neighbourhoods, whether condominiums, townhouses or detached homes.
They vote with their wallets, and they've come down heavily in favour of redevelopment.
Among the advantages are easy access to transit, schools, parks and established shopping areas, but there's also the desire to live in new housing without having to live in the dust and mud of a subdivision that might be under construction in phases for years to come.
And of course there's location.
One of the most desirable locations for young professional adults in Toronto is Little Italy along College Street West, and it's here where you'll find an assortment of small infill projects along quiet side streets.
Among them is the Townhomes of Plymouth Avenue, just east of Grace Street, a collection of 13 townhouses between 1,700 and 2,000 square feet priced from $579,000 to $749,000 and you can move in now!
The Townhomes of Plymouth Avenue is located on the site of an old baseball-cap factory developed by CitySpace Urban Developments, a local developer that specializes in infill redevelopments. While the prices may seem a little dear, they're in line with larger resale houses in the area, and there's no worry of imminent repairs or renovations.
These units also don't call for a sacrifice of space, with some four-bedroom townhouses available, as well units with private garages and main floors with 12-foot-high ceilings.
Townhouses and condos are the usual end products in a typical infill redevelopment, but that's not to say large-scale detached houses aren't available as well. As the land supply for common subdivisions dries up in the 905 suburbs, more developers are looking to assemble infill land for small-scale detached enclaves.