Midtown Toronto

Midtown Toronto is a neighborhood which is considered as a central business district which is subordinate to the downtown core. The neighborhood lies north of the main hub and is bordered by Lawrence Avenue to the north, Bloor Street to the south, Bayview Avenue to the east and Marlee Avenue to the west. The neighborhood is quite affluent and is evolving at a pace higher than the rest of Toronto. The community here comprises of families, couples and young professionals. One of the best features about living here is waking up every morning to the great view of Lake Ontario. Midtown Toronto has an urban feel and is pedestrian friendly making it convenient to walk for daily chores and errands. The neighborhood has a wide range of amenities available within reach. Midtown Toronto was voted the number one neighborhood to live in a few years back. The average price for a home stands at around $845124 here while rental units can cost an approximate $2400 per month. There is an upsurge of commercial as well as residential developments coming up in the neighborhood. A considerable amount of condo developments is prevalent here ranging from mid-size to high-rises. The population of Midtown Toronto currently is approximately 53985 residents. This is expected to rise exponentially with the developments of several condo projects in the area. Midtown Toronto offers you the perks of living in the heart of the city where Downtown Toronto is just a few steps away.

List of New Condos in the Midtown Toronto Neighbourhood

Why invest in Midtown Toronto Real Estate?

When the question of investment arises regarding real estate in Midtown Toronto, there is no doubt that it is one of the best neighborhoods to go for. With amenities all around and an excellent transit system, there is no doubt about the fact this is indeed a desirable location for everyone. One of Midtown Toronto’s best features however is its location. Situated in the heart of the city, it makes commuting hassle-free for everyone, particularly for young professionals. It is also very convenient for professional working couples who work in different parts of the city as it would be equidistant for both. The neighborhood also has several commercial spaces coming up which would lead to the generation of several jobs. This will lead to a huge influx of young professionals as they would prefer to stay and work in the same neighborhood. Once investing in a condo or a townhouse, you will not have to worry about finding tenants as there will be plenty considering the rise in population of the neighborhood. The prices of real estate across Toronto rises every year by 12-13%. This also gives you the scope of getting higher returns on your investments in no time.

Transit Options

With regards to transit options in Midtown Toronto, one of the most exciting projects coming up is the Eglinton Crosstown LRT. Expected to be completed by 2021, this new line will run through Eglinton Avenue and create several transit hubs allowing residents to travel in multiple directions across the city. Besides this, the neighborhood already has an excellent transit system. The Eglinton, Davisville and St. Clair station are accessible to avail subway services along with several bus routes that run along the neighborhood. For residents who prefer driving, there are several arterial routes that can be availed. The Gardiner Expressway is also a few minutes away and can help connect to the rest of the city along with other parts of the Greater Toronto Area with ease.

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