Planning to Buy a house in South - Etobicoke suggestions please !

[sudenm]

Planning to buy a house (Detached) in south Etobicoke area, any good suggestions are welcome,
Please give your thoughts about the neighborhood, price range and possible appreciation etc...

If not in South Etobicoke, looking for some place which is not far from the subway any good suggestions?

Thanks in advance for your valuable suggestions!

[condorguy]

My sister is looking in that area and all I can say is be prepared to spend a lot of money for a old, small house...she went to a couple of open houses in the area and was depressed at what little you can buy for so much money...

[ERIKAAMORRIS]

You are seriously more likely to find something you will be happy with in Thornhill, Richmond Hill or North York.

I lived in S. Etobicoke....if you're not in the Kingsway, Wedgewood or West Deane Park areas, you're paying for run down neighborhoods and overpriced properties.

And if you look at the above areas, your looking at 600K for a less than half-decent 60 yr old house.

Why don't you buy my house? :) Dropped 30K off the orignal price - just 'cause it's summer and nothing is moving (property assessment says value is 345K, selling for 338K) Comapre that to properties in Etobicoke!

[eelfliw]

Check out the area south of Lakeshore Rd between Marie Curtis & Samuel Smith Park (Humber College).

It's an older area so the houses are unique and not bunched together. Trees are massive (if you like greenery). You won't get property like this in newer developments. The houses close to Lakeshore Rd are cheaper ($250K - $350K) while houses close to the lake are more expensive ($800K + but comes with boat dock).

[sudenm]

Thanks for the infor --

when I search the MLS I did find few good options for <350k but I have never been to that nighbourhood so far , my only constrain is near to the downtown / precisely 5-10 mins to the subway ..
but it seems very difficult to find good place for my budget and constrains :(

[ccdude]

avoid mimico

[HighFlyer]

avoid mimico
explain please?

[Bullseye]

Friends bought a house last year south of Lakeshore, near Kipling. It's a major fixer upper (a knocker downer, imo), they paid $350K.

[Dibble]

You can always buy a house near the lake that's more or less in the poorest condition possible but is situated in a very good location -- it'll be selling at a big discount i'd assume since home buyers wouldn't be interested and people who are looking for land only would skip it. Simply buy it, demolish it, and use it like new property and build your own house on it.

[sudenm]

Friends bought a house last year south of Lakeshore, near Kipling. It's a major fixer upper (a knocker downer, imo), they paid $350K.


Sorry I did not understand this .. Could you please explain a bit more Thanks for your time ..
It's a major fixer upper (a knocker downer, imo),

[eelfliw]

In that area (Kipling/Lakeshore), houses in good condition with lake frontage are over a million. Houses in bad condition with lake frontage are $800K. So if he bought one for $350K, he shouldn't complain because you can't even buy bare lakefront land for $350K.

With Toronto going big on lake front parks, the number of houses with lake frontage is limited. That's why the prices are crazy. One of my condos @ Spadina & Queen's Quay (on the north side of Queens Quay) is about $500K. But similar sized condo on the south side of Queens Quay (lake frontage) can fetch $600K to $800K.