List of New Condos in Westbrook Neighbourhood

Investing in Westbrook Real Estate

Westbrook, situated in Richmond Hill, is an expanding and family-friendly neighbourhood known for its high quality of life. With its proximity to schools, parks, and shopping amenities, it has become an ideal location for families. As a relatively new development, Westbrook has undergone significant growth in recent years. The community boasts a diverse population, fostering a welcoming and inclusive atmosphere with various events celebrating its cultural richness. Landmarks and historic sites offer glimpses into Westbrook’s past, while the Richmond Hill Centre for the Performing Arts hosts cultural events. Residents can also enjoy the outdoors in parks like Ozark Park and Phyllis Rawlinson Park. Westbrook strikes a perfect balance between urban convenience, with easy access to public transit like the Richmond Hill GO Station, and natural beauty, with its surrounding green spaces providing a serene escape from city life. Westbrook is a thriving, diverse, and historically rich neighbourhood that offers an excellent quality of life for individuals and families seeking a harmonious blend of convenience and natural allure.

Why Buy Pre-Construction Condos In Westbrook?

Buying pre-construction condos in Westbrook offers several advantages for homebuyers, including lower prices compared to completed units, customization options for personalized living spaces, access to modern amenities in newer buildings, warranty coverage for peace of mind, and potential investment opportunities. Notable pre-construction condos in Westbrook include Westbrook Square at 10111 Yonge Street, and Westbrook Park at 10121 Yonge Street. These developments provide luxurious living spaces, contemporary designs, and attractive amenities, allowing buyers to invest in a growing community and enjoy the benefits of a brand-new condo.

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Entertainment & Recreation In Westbrook

Westbrook offers a diverse range of entertainment and recreational options for its residents. The neighborhood is home to the renowned Richmond Hill Centre for the Performing Arts, which showcases a variety of cultural performances. Westbrook also boasts several parks and green spaces, such as Ozark Park and Phyllis Rawlinson Park, providing residents with ample opportunities for outdoor activities and relaxation. Shopping and dining options are plentiful, with Hillcrest Mall offering a wide array of retail stores and eateries. The Westbrook Community Centre is a hub for recreational activities, featuring a fitness center, swimming pool, and sports courts. Golf enthusiasts can enjoy nearby courses like Richmond Hill Golf Club and Summit Golf & Country Club. Westbrook’s vibrant entertainment and recreational scene ensures that residents can find something to suit their interests and enjoy a fulfilling lifestyle.

Average Price For Condos In Westbrook

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%.