Investing in Downtown Toronto Real Estate Market
Downtown Toronto is one of the most sought-after places in Toronto. Before the emergence of condo development in the neighborhood, it used to be an ideal destination for shopping and entertainment. Most of the condo developments in the neighborhood are situated along Yonge street and other major arteries. It is bordered by Richmond Street to the south, Alexander Streets and Grosvenor to the north, parts of Bond Street, Victoria Street and Church street to the east and Bay Street to the west. Downtown Toronto is home to a vast array of residents which include executives, students and arts and culture enthusiasts. Young professionals make up the majority of the population here. You will find families too, but most are the ones with one kid who are generally younger. There are a wide range of buildings that you can find in Downtown Toronto, some of which are modern with art-deco features while the others are old factories that have been converted into residential buildings. The newer range of condo developments come with state-of-the-art facilities and have contemporary architecture. The prices of condos start at entry level and can go up to millions here. With constant development over the last twenty years, Downtown Toronto has become one of the most desired neighborhoods due to its central location and close proximity to other parts of the city. The neighborhood is vibrant and all amenities such as shopping, dining, entertainment, etc. are within reach. Daily errands can be done on foot as most essentials are available within walking distance without the need of using vehicles.