It’s common for South Etobicoke homes for sale to be advertised as a tear-down.

Even when they’re not, some home-buyers purchase a property in the neighborhood with the intent of paving over what’s there and building something new on the lot.

Why are there so many South Etobicoke tear-downs? The answer lies in understanding the neighborhood, the types of properties, and how the real estate market here is a little different than the rest of the GTA.

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Fixer-Upper Or Tear-Down?

A lot of investors are not buying a South Etobicoke home for the home, even if it’s a fixer-upper. They want the lot. The lot and an updated, modern home on the lot is what carries maximum resale value.

As you’ll find not only in South Etobicoke but also across the GTA is that many houses in the region are anywhere from 100 to 150 years old. They were built long ago and no long are suitable for simple fixer-upper status. To really get all you can from the lot or land, total redevelopment is almost required.

Looking for more insights on South Etobicoke real estate? Check out our blog with some of our predictions about the 2023 market right here.

South Etobicoke Has Bigger Lots

Large lots are sought-after by families and individuals looking for more space. While Downtown Toronto’s mix of 400-700 sq. ft. condos may be appropriate for some, in South Etobicoke, a homeowner gets more for their dollar.

The larger lots in South Etobicoke attract lots of buyers from all backgrounds and some of which have their own preferences as it relates to what their home should look like. With a little extra spending money, it’s not uncommon for homes on larger lots to be torn down and re-built, including modern amenities, such as basement apartments, more privacy, and updated electrical, plumbing, and more.

Learn more about the real estate market in South Etobicoke, read these posts next!

South Etobicoke Is A Nice Place To Live

South Etobicoke is more than just nice neighborhoods. It’s natural that a lot of buyers are going to flock to it, wanting the sort of amenities it carries, access to the schools, and for the privacy it carries.

A true Toronto neighborhood, there are residents in South Etobicoke that have been here for many years. In that time, the homes have not been kept up with from a style standpoint. When a new homeowner moves in, understandably, they may see a lot of dated design features. In some examples, tearing down a lot of the home and building from new contributes more value for the homeowner than adding to what’s already there and/or trying to work around a layout that doesn’t work for them.

Get to know some of our favourite South Etobicoke neighbourhoods right here.

Advantages Of A Tear-Down Property

A tear-down South Etobicoke home comes with several unique benefits for a buyer willing to invest.

  • Plan out the layout you want.
  • Potentially create more square footage on your lot.
  • Allow for additional units, such as a standalone basement apartment, to be built within your dwelling.
  • Ensure the utilities are fully updated, safe, and up to code.
  • Enjoy the forever home of your dreams the way you want it built!
  • Alternatively, if you plan to sell, the market for new builds is far, far larger than the buyer pool for fixer-uppers or tear-downs.

Are you looking to buy or sell in South Etobicoke? Reach out to Adrian + Andrea and we’d be happy to help. You can call us directly at (416) 319-6893 or email info@adrianandrea.com to get in touch!