Zoocasa
Real Estate Sold Prices
Calculator
Map
Property Trends & Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
Zoocasa
Home Toronto Real Estate

The Top 3 Affordable Scarborough Neighborhoods

Jordann Brown by Jordann Brown
February 1, 2017
in Toronto Real Estate
3 min read
Top 3 Affordable Scarborough Neighbourhoods
Share
Tweet
Share
0 Shares

Scarborough has long been a popular alternative to downtown Toronto living. Located to the east of Toronto proper, Scarborough has a multicultural population of 625,698 and is known as one of the most diverse parts of the Greater Toronto Area.

In the past, homebuyers turned to Scarborough real estate for its affordable housing options and gorgeous green space. The area boasts some natural landmarks like the Scarborough Bluffs and Rouge Park and more than earns its reputation as one of the greenest areas of Toronto.

The city is also well served by two major highways making the commute to downtown tolerable, which has contributed to the real estate boom this area has been experiencing. Scarborough has gone through one of the steepest price appreciations of anywhere in Toronto, with single detached homes in the area rising to an average price of $625,000 – a 44% increase since 2012 and a 25% increase in the past year alone.

But even as prices soar, there are still affordable pockets in Scarborough. Formerly run-down areas are becoming popular destinations for young Canadians to set down roots, and these neighbourhoods are undergoing a transformation. Here are several neighbourhoods that are still affordable in Scarborough.

Malvern

With an average property price of just $282,954, Malvern should be high on your list of affordable neighbourhoods in Scarborough. Though previously considered a high-crime area, Malvern is in the midst of an upswing and saw an increase in single-detached home prices of 19.2% last year.

The steep increase in real estate prices isn’t just spillover from the Toronto core. Several important additions to the neighbourhood have gone a long way to improve Malvern. In particular, the renovation of the Malvern Branch of the Toronto Public Library and the opening of the Nike Malvern Spots Complex. Several new housing developments have also sprung up offering affordable Scarborough townhouses, and the area’s proximity to the Toronto Zoo, Rouge River, and the Rouge Valley Park make it a desirable place to put down roots at an affordable price.

Malvern is considered one of the more diverse neighbourhoods in Scarborough, and over 60 cultural communities call it home. This diversity makes Malvern a great option for newcomers to Canada, and the excellent schools and a variety of amenities mean you can’t go wrong settling down here.

West Hill

Another neighbourhood where home prices remain consistently below the city average is West Hill. Here you’ll find a pleasant mix of affordable older condos, townhouses and, closer to the more affluent neighbourhood of Rouge, spacious two-bedroom bungalows on large lots. The average price in West Hill is $293,178.

West Hill has a unique mix of amenities that make it attractive to homebuyers looking for an established neighbourhood. The housing stock is mature, the commercial establishments lean more towards mom and pop stores instead of fast food restaurants, and parkland borders the entire area including Morningside Park, Colonel Danforth Park, and East Point Park.

The area also has many options for recreational activities like the nearby Morningside Branch of the Toronto Public Library, along with sporting facilities at the University of Toronto Scarborough Campus, and the Toronto Zoo.

Like much of Scarborough, West Hill is a multicultural neighbourhood with a variety of Greek, Canadian Chinese, Caribbean and Middle Eastern residents. The area is also well served by amenities including pharmacies, doctor’s offices, lawyers, and dentists.

Finally, West Hill offers convenient connections to the Rouge Hill Go Train and Kennedy Station on the Bloor-Danforth Subway line which makes commuting downtown easy.

Clairlea-Birchmount

Clairlea-Birchmount is a quiet, middle-income neighbourhood with an average home price of $326,401. Although this is more expensive than the other two neighbourhoods, you can still find affordable pockets of single-detached homes on tree-lined streets, often owned by the same residents for the past six decades, and featuring charming mature details like original hardwood floors. These homes are in high demand, with one such home selling for $610,775 just last year. But if you are a diligent homebuyer, you can still find a deal.

In keeping with the green theme of the rest of Scarborough, Warden Woods forms the southeast border of Clairlea-Birchmount.  This richly wooded ravine has a paved trail ideal for walking and biking in the summertime.

You can find shopping and restaurants on Victoria Park, Eglington Avenue, and Warden Avenue. For commuters, the Don Valley Parkway and Warden Station offer a variety of options.

Previous Post

No Need for Toronto Foreign Investment Rules: TREB

Next Post

Knockout Listing of the Week: 1208-16 Harrison Garden Blvd.

Jordann Brown

Jordann Brown

Jordann Brown is a freelance content marketer and owner of the popular personal finance blog <a href="http://www.my-alternate-life.com/" />My Alternate Life</a>. She has been featured in major publications and by news outlets including CTV News, the Globe and Mail, Moneysense and the Huffington Post. You can follow Jordann on Twitter at <a href="http://www.twitter.com/myalternateblog">@myalternateblog</a>.

Related Posts

Canada

Sharp Housing Adjustment as Sales Continue to Drop: CREA

August 15, 2022
Affordability

Rent or Buy? Average Monthly Rental Prices vs. Monthly Mortgage Payments in the GTA

August 10, 2022
Buying a Home

Condo Apartments Remain the Most Affordable and Second Most In-Demand Property Type in Toronto and GTA: TRREB

August 4, 2022

Blog Search

No Result
View All Result

Recent Articles

Sharp Housing Adjustment as Sales Continue to Drop: CREA

August 15, 2022

Hidden Gems for Sale in Markham under $700,000

August 12, 2022

Rent or Buy? Average Monthly Rental Prices vs. Monthly Mortgage Payments in the GTA

August 10, 2022

Should You Purchase a Home With an Open Floor Plan?

August 8, 2022

Sharp Housing Adjustment as Sales Continue to Drop: CREA

August 15, 2022

Hidden Gems for Sale in Markham under $700,000

August 12, 2022

Rent or Buy? Average Monthly Rental Prices vs. Monthly Mortgage Payments in the GTA

August 10, 2022

Should You Purchase a Home With an Open Floor Plan?

August 8, 2022

Condo Apartments Remain the Most Affordable and Second Most In-Demand Property Type in Toronto and GTA: TRREB

August 4, 2022

Your Home’s Screen Appeal: How to Stage Your Home for Photos and Videos

August 3, 2022

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Social Media

Featured Listings (Updated Weekly)

Hidden Gems for Sale in Markham under $700,000

August 12, 2022

The Most Expensive and Affordable Homes Sold in July in the GTA

July 29, 2022

The Most Viewed Homes in June 2022

July 22, 2022

Condos for Sale with Amenities in the GTA

July 11, 2022
first-time home buyer programs and rebates

About Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions.

Newsletter Sign-up

Join 130,000+ weekly subscribers. Don’t miss important real estate news, market data, and buying and selling tips: sign-up here.

Social Media

Zoocasa Tools

MLS Listings Canada
Search Sold Listings
iOS App
Android App
Find an Agent
Contact Us

  • Homes & Real Estate Properties
  • Terms of Use
  • Privacy Policy
  • Contact Us

© 2015 - 2022 Zoocasa Realty Inc., Brokerage

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
No Result
View All Result

© 2015 - 2022 Zoocasa Realty Inc., Brokerage