Investing in Leslieville Real Estate

Leslieville is a neighbourhood located east of the Don River. The neighbourhood is bordered by Coxwell Avenue to the east, Empire Avenue to the west, Gerrard Street to the north, and Eastern Avenue to the south. The neighbourhood is home to many young adults, couples, and families. It has a small-town feel thanks to the many quaint homes found on its tree-lined streets near department stores and independently owned shops. Downtown Toronto is also within easy reach of the neighbourhood. In recent years, Leslieville has transformed from a working-class neighbourhood into a hotspot for young professionals. As new condo developments, townhomes and lofts are coming up in Leslieville, property values and rent prices have risen significantly. Almost 26,000 people live in the area, and the population is expected to grow. Homeownership makes up 51% of the total population, while tenants make up 49%. In Leslieville, 39% of sales consist mainly of semi-detached houses, while condos make up 20% and detached houses at 19%. The most common home configuration in Leslieville is two-storey homes with three bedrooms. Leslieville is well situated in terms of its location as it is near Downtown, Lake Ontario, and public transit is easily accessible. A new condo in Leslieville will put you close to the many things to do in the neighbourhood and easy access to other parts of Toronto. Following the decline of the industrial sector in the Port Lands and the eastern part of the Don River area, developers have taken advantage of this trend to build new condominiums and homes in the neighbourhood. These new developments will be mixed-use properties and attract residential and commercial buyers, thus leading to jobs in the area.

List of New Condos in Leslieville Neighbourhood

Why Buy New Condo Developments In Leslieville?

When it comes to investing in a new condo in Leslieville, the neighbourhood has just about everything a homebuyer could hope for. It has a convenient location, close to the downtown core. Downtown Toronto is a major work area and having the neighbourhood close by has attracted many working professionals. The construction of new condos and townhouses has also increased the population of the neighbourhood. As a result, it provides investors with a good opportunity. In this neighbourhood, many people rent their properties, which is a common practice when investing in real estate. This can guarantee a regular monthly income for you. Investing in Toronto has always brought tremendous returns because the prices and value of real estate have always risen exponentially. The neighbourhood also offers multiple dining, shopping, and entertainment options. Leslieville also has one of the best transit systems in Toronto, and its proximity to downtown makes it a desirable location for many. The neighbourhood has excellent shops, restaurants, and transportation options, as well as many schools and attractions, all the more reason to invest in a new condo in Leslieville. Residents of Leslieville can find plenty of shopping and dining options along Queen Street East and Gerrard Street East, from specialty caf├ęs, locally-owned boutiques to neighbourhood bakeries. The neighbourhood is also in the vicinity of several beaches, including Woodbine Beach and Cherry Beach. The beaches are a great place to swim, paddleboard, kayak, or relax on a hot summer day. Leslieville is mostly made up of Victorian-style semi-detached homes and condominiums, with detached homes found farther north of the neighbourhood.

  • 1
  • 1
  • 1
  • 1
  • 1

Things to Do in Leslieville

A new condo in Leslieville is an ideal investment opportunity, as there is so much to do, including shopping, dining, and exploring the neighbourhood’s parks as well as having fun with local arts and culture. One of the neighbourhood’s highlights is its proximity to two beaches since Leslieville is located along Lake Ontario. Within minutes of the neighbourhood is Woodbine Beach Park, a popular spot for swimming, sunbathing, picnicking, and walking. Woodbine Beach is also connected to Ashbridges Bay, where visitors can find walking trails, outdoor sports equipment, picnic areas, restaurants, and beach volleyball courts. Cherry Beach is another option for Leslieville residents. Cherry Beach is a popular spot for swimming and water sports, like windsurfing and stand-up paddle boarding. The beach also features an off-leash dog area. If you enjoy relaxing activities such as bar or cafe-hopping or shopping, there are plenty of shops to visit along Queen Street East and Gerrard Street East. On weekends, locals enjoy strolling along Queen Street, where there are many small cafes and shops to browse through. Also, along Lake Shore Boulevard East are a number of shopping plazas as well as Toronto’s most popular skatepark, Beach Skateboard Park. Leslie Grove Park, which is located along Queen Street, is a place for people to relax, spend time with friends, or watch live performances. The largest park in Leslieville is Greenwood Park, which is located at Dundas Street East and Greenwood Avenue. This 6-hectare park features green spaces, play structures, baseball diamonds, an outdoor swimming pool, a dog park, and an outdoor ice rink. The Leslieville Farmers Market is also held at Greenwood Park on Sundays, where visitors can find farm-fresh goods and watch live performances.

Average Prices for Condos in Leslieville

In 2021, the average price for all types of homes, including new condos, in Leslieville and its surrounding neighbourhoods is $1,240,050, according to TREB data. Leslieville is located in Toronto East, where the average price for all types of homes is $990,393. As of 2021, the average cost of all home types in the GTA is $1,074,113. In Leslieville and the surrounding neighbourhoods, the average price of all types of homes is higher than in other areas of Toronto East and the Greater Toronto Area. According to statistics, the average cost of a condo in Leslieville is $799,006, with an average duration on the market of 16 days. In Leslieville, the average condo price is slightly higher than in the Greater Toronto Area and in the City of Toronto, which are $674,490 and $715,977, respectively. In 2021, the benchmark price for condos in Leslieville is $696,600, which represents a change of 1.33% from last year. As the city works to transform the industrial area of the neighbourhood into residential spaces, there are many opportunities to invest in new condos in Leslieville.

Transit Options in Leslieville

If you live in a new condo in Leslieville, you will have easy access to public transit. There are excellent bus services in Leslieville, with routes along Coxwell Avenue, Eastern Avenue, Greenwood Avenue, Carlaw Avenue, and Jones Avenue operated by Toronto Transit Commission. On Queen Street and Gerrard Street, residents can take advantage of 24-hour streetcar service. The 501 Queen streetcar travels along Queen Street, to and from Neville Park Loop to Long Branch Loop near Etobicoke. Another streetcar route available to residents is the 506 Carlton streetcar, which travels along Gerrard Street and College Street, to and from Main Street Station and High Park. There are two subway stations near the neighbourhood, Broadview and Chester, where commuters can use the subway services. The TTC vehicles are equipped with accessible features that make transit more convenient for residents with disabilities, including audio-visual announcements, kneeling buses, mobility device ramps, and priority seating. The TTC’s accessible transit service, Wheel-Trans, is another option for residents in need of accessible transit options. Customers can book Wheel-Trans services online or over the phone, at which point they can choose their pickup and drop-off locations. Residents can also access GO Transit and Via Rail at the Toronto Union Station, which is only 15 minutes away by car or 30 minutes away by public transportation. One of the biggest advantages of using these routes is that they connect to the subway lines on Queen Street and Gerrard Street, thereby making travelling around the city easier. The Gardiner Expressway is easily accessible via Lakeshore Boulevard for residents who prefer to drive. Additionally, motorists can use this route to access Don Valley Parkway, which connects to the Gardiner Expressway and the Highway-400 series. From Leslieville, residents can reach the Don Valley Parkway in just over 5 minutes and Highway 401 in just 20 minutes.

Questions & Answers