Avondale E. & S. Alternative
Affluent buyers looking for newer, custom homes or homebuyers on decent budgets with investment potential in mind - there are still older houses for sale in North York to be found in Lansing that are likely to appreciate above average in the coming years. But stock of original condition homes is dwindling, fast.
Lansing is a neighbourhood in central North York close to amenities and major highways. Yet despite it centrality, Lansing residents enjoy quiet, residential streets tucked away from the action.
Buyers interested in Lansing homes for sale will appreciate the relative seclusion offered by the natural and man-made green spaces on virtually all sides of this community. Save for the bustling Yonge street corridor which forms the neighbourhood’s eastern border and the commercial stretch along Sheppard, Lansing is sheltered between parks, a ravine, a major cemetery and the Don River. Earl Bales Park comprises most of the southwestern section of this North York neighbourhood.
Why We Love Lansing
It’s Primed for Further Growth
Lansing is one of our top picks in North York for buyers looking to grow their Toronto real estate investment. It’s a shame that most central Torontonians don’t give North York a closer look.
For savvy buyers who already know about North York's many benefits along with those willing to move outside of the core, Lansing is a great investment opportunity providing you get in quickly. There are so few pockets of Toronto left where you can find ravine lots surrounded by nature this close to major highways and just a short commute to downtown.
It’s a Great for a Buy and Hold Strategy - If You Have the Patience to Wait for the Right Listing to Hit
If you’re looking for a family-sized home under $1M and also want it to be a solid investment so that you can continue moving up the property ladder, a great strategy would be to buy one of the smaller Lansing bungalows for sale on a large lot. Live in it until you can build your dream home on the site or until the lot appreciates enough so that you can turn a healthy profit for your next move up the property ladder.
In short, find the worst house in the neighbourhood on a prime lot and even if you can't afford to reno it now, providing the mechanicals and structure are sound, suck it up living in an outdated interior and you’ll likely be well-rewarded down the road, whether you end up updating it yourself or not prior to re-sale.
This strategy will take some patience however in terms of finding the right property (and likely some door-knocking by your Realtor). Affordable, original condition homes are fewer and farther between these days and often spark competitive bidding wars. If you can scoop one however, you’re set.
- 7thMost expensive out of 28 neighbourhoods in North York$1.74millionAverage home value in Lansing32.86%Year over year change in values
Historical Average Home Price in Lansing