List of New Condos in Entertainment District Neighbourhood

Why Invest in The Entertainment District Real Estate?

The Entertainment District is bounded to the north by Queen Street West, to the east by University Avenue, to the west by Spadina Avenue, and to the south by the Gardiner Expressway. The Entertainment District draws a certain kind of resident due to its close proximity to exciting amenities and beautiful condos. This neighbourhood attracts young to middle-aged individuals with well-paying professions. People in this neighborhood enjoy living so close to all of their lifestyle necessities and often work downtown. They are also actively involved in local events. There are plenty of high-rise new condo developments in the Entertainment District. Despite the endless supply of newly constructed homes, the rent remains high and a one-bedroom condo could cost you more than $2300. Investing a new condo in The Entertainment District can guarantee you a steady revenue from rental income.

Why Buy New Condo Developments in The Entertainment District?

The neighborhood’s reputation as a nightlife district started to fade as it became more well-known for its luxurious condo developments. The neighborhood has continued to be revitalized, and residential real estate is in high demand there. Old warehouses and factories are continuously being converted into lofts and condo projects, and new condo developments have started to appear across the entertainment district. In 2005, there were 7,500 people living in the Entertainment District, but currently there are over 23,000 people living there. There’s always plenty going on in the Entertainment District, a lively, engaging neighbourhood. You only need to step outside your front door. This is one of the best neighborhoods to live in if you’re seeking “downtown living.”

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The Entertainment District Neighbourhood

You can find lots of theatres and performing arts centres in The Entertainment District. No matter if you’re a devoted Blue Jays, Leafs, Raptors, or Argonauts fan, you won’t have to venture very far to see the game. The Rogers Centre, Scotiabank Arena, and BMO Field can all be found within walking distance of the Entertainment District. Some of Toronto’s top restaurants can be found in this neighbourhood, which offers a wide selection of fine dining, hip restaurants, and international cuisine. The Entertainment District is also home to famous Toronto landmarks such as the CN Tower and Ripley’s Aquarium, as well as legendary institutions such as The Princess of Wales and Royal Alexandra Theatres and TIFF Lightbox Film Centre.

Average Price for Condos in The Entertainment District

Condos dominate the Entertainment District, making up 99 percent of sales, with other types of home making up the remaining 1%. The majority of properties here have one-bedroom The average sale price for condos sold in the Entertainment District in May 2022 was $849,637, up 12.3% over the same month last year. The average rent for condos in the Entertainment District in May 2022 was $2,611, up 16.9% over the same month last year.