Are you thinking of investing in Toronto real estate? If so, there are certain things you should look for when you’re assessing a potential property. One of the most crucial is the neighbourhood where it’s situated. From proximity to in-demand communities to plans for future development to an influx of young residents, there are certain things that make an area ideal for investment.
If you’re looking to invest in Toronto real estate, here are five neighbourhoods to consider…
1) Lower Junction
The Junction has been one of the city’s “it” neighbourhoods for years. Now the area around the intersection of Sterling and Perth (often referred to as the Lower Junction) is about to gain the same status.
Since the opening of MOCA—and the exciting new development known as Lower JCT—this former industrial district has really come alive. With hot local businesses like Henderson Brewing, Drake Commissary, and House of Anasi Press in the community, home prices are bound to rise in the years ahead.
If you’re looking to get in on the ground floor, consider one of the area’s most exciting new developments: House of Assembly. Here you’ll find open-concept suites with oversized windows and stunning views. Located on Sterling Road, you’ll be in the heart of one of the city’s most vibrant new neighbourhoods.
Related: Read our Junction Neighbourhood Guide
2) Regent Park
Regent Park once suffered from a less-than-glowing reputation, but that’s changed. A mixed-income revitalization model has brought new life to this East Toronto neighbourhood.
Today, residents (including a growing group of families and young professionals) enjoy plenty of local retail, unique restaurants, a six-acre park, and a state-of-the-art community centre featuring an impressive pool. Regent Park has developed slowly but surely for over a decade, and it’s still evolving. In other words, purchasing property here is a safe bet from an investment perspective.
If you’re looking for an investment unit, it doesn’t get better than Mimico. From its incredible lakefront views to its charming local businesses to its gleaming modern condo buildings, this Etobicoke gem truly has it all.
Another major benefit of living here is the access to GO Transit. Buyers are catching onto the fact that they can get from Mimico to the city’s core in 20 minutes flat—and units are moving fast. While prices are rising with demand, you can still purchase living space here for significantly less than you would in Downtown Toronto.
One of the hottest developments planned for the area is Grand Central Mimico. The building offers an irresistible combination of classic design and modern amenities, along with easy access to transit. At an impressive 1.85 million square feet, this master-planned community is sure to be the area’s next big thing!
4) Yonge-St. Clair
In the heart of midtown sits Yonge-St. Clair, one of Toronto’s best-kept secrets. The area boasts all the conveniences of a dense, urban area, along with proximity to one of the city’s most beautiful ravines.
Yonge-St. Clair has also undergone significant revitalization in recent years, including beautification efforts. Large murals have been created, adding some colour to the neighborhood. Buzz-worthy new developments (like One Delisle) are also in the works. With future growth on the horizon, this midtown community is a great place to consider investing.
5) Oakwood Vaughan
Oakwood Vaughan is another one of those neighbourhood that hasn’t always had the best reputation. More recently, young creatives have begun migrating here due to the (relatively) affordable rents—a potential sign that an area will soon be in high demand.
Residents of this York District community enjoy local schools and green spaces, along with Italian restaurants, bakeries, and shops. They’re also conveniently close to Dufferin, Eglington, and St. Clair.
Here you’ll find a variety of housing, from modern new builds to small, moderately-priced single-family homes. They present a great opportunity for aspiring home buyers and investors alike.
Whether you’re interested in one of the pre-construction properties mentioned above, or you’re simply looking for expert real estate investment advice, we’re here for you! Get in touch to learn more about investing in Toronto and beyond.