List of New Condos in Beaver Creek Business Park Neighbourhood
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About the New Condos in Beaver Creek Business Park
Beaver Creek Business Park is strategically located in Richmond Hill, Ontario, offering residents a prime location within a bustling business hub. Situated in close proximity to major transportation routes such as Highway 7 and Highway 404, residents enjoy easy access to the Greater Toronto Area and beyond. This convenient location makes commuting to work or exploring the city a breeze. Additionally, the condos in Beaver Creek Business Park are just a short distance away from prominent shopping destinations. Residents can indulge in retail therapy and explore a variety of shopping malls, including Hillcrest Mall and Pacific Mall. Hillcrest Mall is a popular shopping center featuring a wide range of retail stores, boutiques, and eateries, catering to diverse shopping preferences. Pacific Mall, on the other hand, is a renowned Asian-themed mall known for its unique shops, specialty stores, and vibrant atmosphere. Whether residents are in search of fashion, electronics, home decor, or international cuisine, these nearby malls provide a diverse range of options to cater to their needs. Living in the pre-construction condos of Beaver Creek Business Park ensures residents have the convenience of major highways and access to an array of shopping malls, creating a desirable living experience that combines accessibility and lifestyle.
Why Buy Pre-Construction Condos in Beaver Creek Business Park?
Buying new condo developments in Beaver Creek Business Park offers an enticing array of benefits. Residents can enjoy a vibrant entertainment scene with the Richmond Hill Centre for the Performing Arts hosting live performances and concerts, as well as attractions like Dave & Buster’s providing fun-filled experiences. Families will appreciate the proximity to esteemed educational institutions such as Bayview Secondary School and Adrienne Clarkson Public School. The neighborhood also boasts a diverse dining scene, with options like Kaka All You Can Eat for Japanese cuisine and Marcello’s Pizzeria for authentic Italian fare. Furthermore, shopping needs are easily met with Hillcrest Mall’s range of fashion, beauty, and lifestyle stores, while Commerce Gate Plaza within the business park provides convenient access to daily necessities. Lastly, residents can enjoy a vibrant social scene with numerous cafes, bars, and lounges available for socializing and connecting with others. These specific amenities and attractions make Beaver Creek Business Park an appealing choice for those seeking a dynamic and well-rounded lifestyle.
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Recreation in Beaver Creek Business Park
Beaver Creek Business Park is primarily a business district and commercial area located in Richmond Hill, Ontario, with limited recreational facilities within its boundaries. However, the neighborhood is situated close to several parks and outdoor spaces, offering ample opportunities for outdoor activities and relaxation. Some nearby parks include the Mill Pond Park, David Hamilton Park, and Richmond Green Sports Centre and Park. These parks offer various amenities such as playgrounds, picnic areas, sports fields, walking and cycling trails, and more. Additionally, residents can take advantage of the nearby community centers, fitness centers, and sports clubs, which offer a range of recreational activities and programs for all ages. The neighborhood is also close to the popular Hillcrest Mall, which features a range of retail stores, restaurants, and entertainment options, providing additional opportunities for leisure and entertainment.
Average Price of Condos in Beaver Creek Business Park
In the second quarter of 2023, the average price per square foot for new condos in the 905 region of the Greater Toronto Area (GTA) was $1,172, compared to the average of $1,673 per square foot in the former City of Toronto, which is comparatively low for Richmond Hill where pre construction condos are sold at an average price of $792 per square foot in 2023. The benchmark price of a resale condo by the end of 2023 was $573,100 in Richmond Hill, which is comparatively less than last year by 0.88%. Prices have consistently been on a trend and continue to rise each year. There has been increased demand for properties due to significant immigration rates, decreased affordability for homeownership and a strong job market. Rental rates for Richmond Hill condos have continued to rise. Reached a monthly rate of approximately $2,350 during the second quarter of 2023. This represents a growth rate of 12% when compared to figures from last year. The demand for purpose-built apartments has outpaced supply resulting in a decrease in vacancy rates, in Richmond Hill which currently stands at 0.6%.
