With all that Yonge and Eglinton has to offer such as great local schools and the Eglinton Center with 100 plus quality stores and the Subway underneath taking about 10 minutes to any station downtown, it’s only going to get better. From my home on Maxwell Ave I can walk to the Community Center in less than 3 minutes to go swimming or skating depending on the season, or up to the Library with my son in only 4 minutes.
Homes in this convenient location in my opinion are very reasonably priced. Other area’s north of here have been invaded for their somewhat larger lots over the past 10 years, builders and developers competed with home buyers and bought up and rebuild most of the older homes. What seemed expensive 10 years ago to buy and rebuild isn’t so true today with all that this area has to offer compared to anywhere else in the city.
And now the Yonge & Eglinton area neighbourhoods such as Chaplin Estates will be experiencing some fantastic new changes in the near future in my opinion. As per the city of Toronto’s own web site www.Toronto.ca, the Yonge-Eglinton Centre, along with a number of other areas, has been identified as a location where the City would like to encourage major investment and accommodate some of the anticipated growth.
The goal of the Yonge-Eglinton Centre review is to bring forward new Secondary Plan policies and Urban Design guidelines to direct future development in the Yonge-Eglinton Centre in a manner which is compatible with the existing surrounding Neighbourhoods.
I feel it safe to expect local property values to increase with removal and redevelopments of the existing bus station and the homes that front on the East side of Duplex ave to Berwick ave and around the corner on the North side of Berwick Ave.
Local home owners should welcome a new park off Duplex Ave and the new 3 story Townhomes going in on Duplex Ave. Also the new 14 story Condo building that will be built on Berwick close to Yonge St. Last but not least the new commercial retail and office space that will be built along the South side of Eglinton Ave West of Yonge St.
What’s New
The Final Report and Urban Design Guidelines for the Yonge-Eglinton Centre was considered on February 4th, 2009 Planning and Growth Management Committee Meeting. Visit www.Yonge-Eglinton.ca or www.Chaplin-Estates.ca to see the detailed plans from the City of Toronto for Yonge and Eglinton.
There are also other factors affecting the Chaplin Estates neighbourhood that I predict will produce positive returns for home owners in the future.
Frank Jones is a Sales Representative with Royal LePage R.E.S./Johnston & Daniel Division. Frank can be reached via email at thejoness@rogers.com or visit his website at www.central-toronto-real-estate.com
