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Cathedraltown Markham Ontario Real Estate
Cathedraltown is a new and developing community in the Town of Markham, Ontario, Canada. The estimated population as of January 2011 is 3000 residents. The community gains its name Cathedraltown because it is landmarked by the Cathedral of the Transfiguration.
The community is divided into two parts. The part east of Woodbine Avenue is centred around Hazelton Avenue. This part of the community existed first before the newer part west of Woodbine Avenue. The community west of Woodbine Avenue is the heart of the community as it is centred around the Cathedral.
One of the main developers of the Cathedraltown neighbourhood is Monarch (A Taylor Woodrow subsidiary in Canada). They have built most of the homes in this neighbourhood, as the first phase is completed; the second phase is sold out and construction will begin by Spring 2011.
The unique residential neighborhoods, designed in the Georgian and Regency period styles, are masterfully planned with access to the Cathedral Piazza along pedestrian-friendly urban streets, gracious boulevards. Urban parks, water features, a heritage orchard and an arboretum are unique features of Cathedraltown. Cathedraltown is planned to encompass grand single-family residences, elegant townhouses, convenient live/work residences and luxury condominiums – a vibrant, eclectic community.
There’re different types of housing offered in this neighbourhood, from townhomes to fully detached homes in varying sizes (approx. 1500 sq.ft. to 4000 sq.ft.). Housing values although not considered highest in Markham, but it is certainly higher than many parts of Markham with townhomes starting from low to mid 500,000s and fully detached reaching high-end 900,000s almost 1,000,000 according to MLS.ca of Canada. This is perhaps mainly due to the location of the neighbourhood is located right beside 404, one of the main access to downtown and many other parts of the GTA.
Average House Prices in Cathedraltown – Sold Statistics
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The residents of Cathedraltown consist mostly of middle to high-income families. The population of the community is predominantly people of East Asian and European heritage.
The community is bounded by Highway 404 to the west, Major MacKenzie Drive to the south, Cachet River to the east, and Elgin Mills Road to the north. The community is sometimes considered to “wrap around” the historical community of Victoria Square.
The community began its settlement in early 2006, beginning with the new homes east of Woodbine Avenue, centred around Hazelton Avenue. Settlement in the latter part of the community began 2007. However, as of 2009, there are still active, ongoing construction activity of new houses in areas west of the original Woodbine Avenue and the new Woodbine Avenue Bypass.
Shopping facilities could be found near the southern end of the community, namely Fieldgate Shopping Centre. It hosts anchors such as the Canadian Tire, Boston Pizza, Shoppers’ Drug Mart, and several bank branches.
In the future, to the west side of the Cathedral of the Transfiguration will serve as the main amenity of the area. There will be new shopping area (piazza), parks and recreation centres. The name of this street will be named High Street. Although the road has yet to be laid but the intersection on Woodbine Bypass is already constructed.
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