Sunday, November 15, 2015

GTA Home prices with easy access to the GO Train

Suburbanites who own coveted freehold homes with sprawling backyards, decks and two-car garages are increasingly leaving their vehicles behind and marching out on foot to the nearest GO Train station when it comes time for the morning commute.

“It’s really convenient being able to walk to the GO Train when heading downtown,” says Dominic Sandbrook, the owner a semi-detached house located just short of a 10 minute walk from the Richmond Hill GO Train. “Parking costs a lot and driving in the city is just a pain. The GO Train isn’t perfect but it saves me time and the hassle of actually driving in rush hour.”

According to a survey, about 80 per cent of GO Train riders chose the tracks over the car, even when they have a vehicle to use for the trip.

A trend among many who live further out from their local GO is to drive to the nearest station, only to abandon their car in the parking lot and hop onto the train.

“People know where the GO Trains are and as an agent, it’s something you hear often – is it near the GO?” says Vito Pirri, a Sales Representative at TheRedPin.

Deciphering whether purchasing a home with easy access to the GO Train is a perk or not is a bit of a murky subject. Living so close that the trains can be heard is cited as a big detractor – and something that would punch a dent in resale values – while the convenience of being able to walk to the GO Train is a huge win for daily commuters working in the core.

As a compromise, we plotted the price of homes that sit within a 17 to 20 minute walk (or a 5 minute drive away) from a major GO Train – a safe enough distance away from the noise of trains but close enough to still offer convenient access to transit.

If you’re considering buying a property that sits next to a GO Train, it’s important to take a few precautions. Ensure you visit the area regularly during peak times to hear how loud the trains are, open the windows and walk out onto balconies during private tours, nab any opportunity you have to interview neighbourhood residents on the noise and consult closely with your realtor.

Most & Least Expensive GO Train Stations to live around

Most Expensive:

1.) GO Train Station: Port Credit
•City: Mississauga
•Avg. Freehold: $1,174,527
•Avg. Condo Town: $881,976
•Avg. Condo: $607,212

2.) GO Train Station: Oakville
•City: Oakville
•Avg. Freehold: $1,059,964
•Avg. Condo Apt: $350,772

3.) GO Train Station: Unionville
•City: Markham
•Avg. Freehold: $1,056,958
•Avg. Condo Town: $495,863
•Avg. Condo Apt: $363,597

4.) GO Train Station: Centennial
•City: Markham
•Avg. Freehold: $963,638
•Avg. Condo Apt: $441,376


5.) GO Train Station: Richmond Hill
•City: Richmond Hill
•Avg. Freehold: $894,041
•Avg. Condo Town: $380,773
•Avg. Condo Apt: $336,552

Least Expensive:

1.) GO Train Station: Oshawa
•City: Oshawa
•Avg. Freehold: $276,642

2.) GO Train Station: Whitby
•City: Whitby
•Avg. Freehold: $411,848

3.) GO Train Station: Brampton
•City: Brampton
•Avg. Freehold: $424,991
•Avg. Condo Apt: $290,616


4.) GO Train Station: Bramalea
•City: Brampton
•Avg. Freehold: $433,233

5.) GO Train Station: Hamilton
•City: Hamilton
•Avg. Freehold: $447,631

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

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