Quote:
Originally Posted by Regina Boi
So I've been weighing my options as to where I would like to buy a condo and live. I keep getting drawn back again and again to Boyle street.
There are lots of reasons for this. The city and the province have been investing lots of money in the area, the new Valley Line will come through the area, the river is very close. It looks like private investment is again starting up with a few large condo developments now under construction, plus downtown is so close. I'll also mention that I can literally buy a decent condo almost on my line of credit.
I'm not naive. I know the area still has a lot of growing pains, and that will take time. I'm wondering if anyone here is living in the area or is planning on moving to the area?
I would love to hear some first hand opinions and observations.
Thanks!!
|
I assume you’re looking at condo apartments north of 103A ave in & around 93 street. Yes there are a lot of places for sale and even in one of the better buildings in the area I see a top floor 1br in good shape for $80k. That’s pretty cheap for being right next to downtown.
The area has issues and they’re not going away anytime soon. I lived just north east of there by Stadium LRT station for ten years, really liked the neighbourhood and close to everything, good neighbors but there was still a fair amount of issues, riff raff and petty crime so you had to be aware of it. Boyle Street is a lot worse than Parkdale so you’ll need to deal with that. It’s not necessarily terrible in there but you’ll have a lot of issues with petty crime & general disorder. The nice thing is if you are looking to buy right now places in that area don’t have a lot of room to devalue further. Condos in better central areas are falling in price. They’ll also be the first to rebound when the market picks up.
I think there are better places to buy & live. If I was looking for a cheap central condo apartment I’d look at a few of the older buildings in places like Forest Heights or Strathern. You can get into those for under $150k. If you want to stay north of the river look at the concrete mid rise in Parkdale on 112ave & 85st. There’s also places for close to $100k in Oliver if you don’t mind a crappy old walk up.