Scarborough, a district of Toronto, is known for its cultural diversity, beautiful natural landscapes, and vibrant community life. Situated along the shores of Lake Ontario, Scarborough offers a unique blend of urban living and suburban tranquility. With a population of 61,749 people, the district is characterized by its diverse neighborhoods, bustling commercial areas, and strong sense of community. With its stunning parks, recreational facilities, and cultural attractions, Scarborough offers a high quality of life. The area boasts a diverse range of cultural experiences, including museums, art galleries, and community centers. Residents and visitors can enjoy shopping at local boutiques, dining at international restaurants, or exploring the scenic trails of Rouge Park. Scarborough’s blend of urban amenities and natural beauty makes it a desirable place to live and visit.
Real Estate Market in the City
Market Characteristics
Scarborough’s real estate market is robust and diverse, driven by its strategic location, economic opportunities, and wide range of housing options. The district’s economy is supported by manufacturing, healthcare, education, and retail sectors, contributing to a stable and attractive real estate market.
Property Types Available and Prices
- Detached Houses: Prices range from CAD 700,000 to CAD 2 million, offering suburban living and access to parks and schools.
- Semi-Detached Houses and Townhouses: Priced from CAD 500,000 to CAD 1.2 million, suitable for families and young professionals.
- Condos: Ideal for urban living, with prices ranging from CAD 300,000 to CAD 900,000.
The cost of land per square foot is between CAD 400 – CAD 750.
Attractions and Lifestyles
Scarborough offers a variety of attractions and lifestyle amenities:
- Scarborough Bluffs: Stunning cliffs and parks offering scenic views and outdoor activities.
- Toronto Zoo: One of the largest zoos in the world, home to diverse animal species.
- Scarborough Town Centre: A major shopping and entertainment complex.
- Local Festivals: Including the Taste of Lawrence Festival and the Scarborough Ribfest.
- Outdoor Activities: Parks, trails, and water-based recreation on Lake Ontario.
Living in the City
Living in Scarborough provides a dynamic lifestyle with access to cultural events, recreational activities, and diverse amenities. The district offers essential services, including healthcare at Scarborough Health Network and educational opportunities through local schools and Centennial College. Scarborough is known for its safe neighborhoods, economic opportunities, and community engagement.
Summary
Scarborough is a vibrant district that offers a balanced lifestyle with natural beauty, cultural richness, and urban amenities. Its real estate market provides diverse options for buyers seeking luxury homes, family residences, or urban condominiums. With its extensive green spaces, cultural attractions, and community-focused atmosphere, Scarborough is an ideal place to live, work, and explore as part of Toronto.
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