Downtown Toronto is one of the hottest areas for real estate in all of the Greater Toronto Area. More people want to buy a condo there than in any other area, including the inner and outer ring suburbs like York and Etobicoke where the prices are much cheaper. This is because the downtown area is hip, happening, and just
happens to be the location of a large number of headquarters offices for major
companies. When you combine the business connections, entertainment option, and
the accessibility offered by the many transit stops, it's no wonder the
area is in such high demand.
To deal with the enormity of Toronto, Canada has to offer, it is necessary to subdivide even within neighborhoods. Downtown is the most
populated of these neighborhoods, so to deal with the real estate available
in the downtown area alone, we can take it in easily digestible segments. The
segment this series of articles will deal with is the west part
of downtown. For our purposes, we can define west downtown as
the area enclosed by Dufferin Street in the east, Jane Street in the west, Lake
Ontario in the south, and Dundas Street in the north.
This section of downtown Toronto includes portions of several major streets,
including the world-famous Bloor Street, several blocks of King Street West
and Queen Street West, as well as Parkside Drive. There are a number of options
as far as views go in this area, making it a popular location for the luxury
boasts so many of. Real estate prices can be extremely high, with
condos selling in the high hundreds of thousands and into the millions, especially
if they have a view of something other than rail yards or old industrial equipment.
Though some developments indeed border commercial lands littered with oil tanks
and old slurry mixers, these areas are being rapidly developed to take advantage
of some of the area's highlights, including extensive parklands and water
access. If trees and green spaces are your favorite things to gaze upon, parkland
views can be obtained near Baird Park, Oakmount Park, Ravina Gardens, High Park,
Perth Park, Sorauren Park, Sunnyside Park, Rennie Park, and Sir Casimir Gzowski
Park. If blue and wet is more your style, water views can be found on the shores
of Lake Ontario and Grenadier Pond.
There are little to no single family detached homes or row houses in the western
portion of downtown Toronto. Though there were at one point, the desirability
of the area has made it much more economically beneficial for a landowner sell
the land to a condo or office tower developer than keep the house. There are
a lot of businesses in this area that specialize in everything from realtor
web design to banking, meaning that as far as traffic goes, it won't be
just your neighbors in the other condo buildings you have to contend with, but
also the thousands of workers commuting in from other parts of Toronto.
If you enjoyed our article about Toronto real estate, you may also be interested in reading about repairs for your home, including kitchen renovations contractors in Kitchener Waterloo and how they can bring your dream kitchen to life.