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    Banks of the Credit River Townhomes

    1-60 Palomino Trail

    1for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Townhouse
    Number of Storeys:
    3
    Number of Units:
    50
    Condo Completion:
    2001
    Condo Demand:
    High
    Unit Size Range:
    949 - 1,600 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Banks of the Credit River Townhomes

    Amenities

    BBQ
    Indoor Parking
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1-60 Palomino TrailBanks of the Credit River Townhomes

    Banks of the Credit River Townhomes is a Halton Region condo located at 1-60 Palomino Trail in the Georgetown neighbourhood. The condo was completed in 2001 and features 50 units over 3 storeys. Halton Region condo for sale here range from 949 square feet, up to 1600 square feet.

    The Suites

    On average, units at 1-60 Palomino Trail sell -1.05% below the list price, and units have a medium chance of receiving multiple offers (aka a “bidding war”). Units in this complex are among the most expensive in the area with an average cost per-square-foot of $603 (based on past 12 months of sales). Units typically sell with 15 days on market on average. Over the past 12 months, 5 have sold and 0 has been rented here.

    The Neighbourhood

    Residents at Banks of the Credit River Townhomes don’t have to drive more than 3 minutes to get to a variety of popular restaurants, including Tim Hortons, Subway and Topper's Pizza - Georgetown. Need caffeine to open your eyes in the morning? No worries, McDonald's, Traditional Taste Bakery & Cafe and Heather's Bakery Cafe have you covered...

    Grocery shopping is never a chore with stores such as M&M Food Market and Food Basics in the area.

    Planning for your future is easy with Tandia Financial Credit Union - Georgetown Branch and RBC Royal Bank in the area.

    1-60 Palomino Trail is just a short 3-minute drive to several green spaces like Durham Street Park, Dominion Gardens Park and Ontario Parking Control Bureau.

    Those who love to shop will appreciate all the options nearby with King's Cove Place, Sanleathers and Georgetown Market Place just 4 minutes from here.

    When the weekend rolls around, Pictures & Presents and Helson Gallery are within a short 5-minute drive away.

    Banks of the Credit River Townhomes is a short drive away from Holy Cross Catholic Elementary School and St. Francis of Assisi Catholic Elementary School, giving you plenty of choice for your child’s education. Families with older children will be happy to know that Christ the King Catholic Secondary School, Gary Allan High School and Georgetown District High School can be reached by car in under 4 minutes.

    Transportation

    Taking public transit? The nearest light transit stop is Creditview Rd n/of Veterans Dr.

    Curious about similar condos in the area? Check out 76 River Drive, 2-98 Stewart MacLaren Road and 59 Maple Avenue — all within walking distance.

    1

    Listings For Sale

    Interested in receiving new listings for sale?

    0

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    3/10
    Walkability
    A sight of a grocery store is as rare as a unicorn sighting.
    Unknown
    Transit
    1/10
    Bikeability
    You've got hills, and not the fun kind. Maybe consider a motor?

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    9,018
    Average Individual Income
    $86,422
    Average Household Size
    3 persons
    Average Age
    40
    Average Household Income
    $138,333
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    71%
    Low Rise Apartment
    9%
    Duplex
    9%
    Semi Detached
    5%
    High Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    89%
    Other
    5%
    Punjabi
    4%
    Urdu
    1%
    Spanish
    1%
    Education
    High School
    29%
    University and Above
    26%
    College
    23%
    None
    13%
    Apprenticeship
    5%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Education
    6%
    Humanities
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Math & Computer Sciences
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at Banks of the Credit River Townhomes spend an average of
    15
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    1.8
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 13 condos in the Georgetown area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Banks of the Credit River Townhomes offers the
    ?
    best value out of 13 condos in the Georgetown neighbourhood

    Appreciation Rank

    Banks of the Credit River Townhomes has the
    ?
    highest ROI out of 13 condos in the Georgetown neighbourhood

    Rental Yield

    Banks of the Credit River Townhomes yields the
    ?
    highest rent prices out of 13 condos in the Georgetown neighbourhood

    High Demand

    Banks of the Credit River Townhomes is the
    ?
    most popular building out of 13 condos in the Georgetown neighbourhood

    Transaction Insights at 1-60 Palomino Trail

    2 Bed3 Bed3 Bed + Den
    Price Range$723,000$685,000 - $810,000No Data
    Avg. Cost Per Sqft$758$572No Data
    Avg. Wait for Unit Availability72 Days49 DaysNo Data
    Ratio of Units in Building8%89%5%

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