Why Should You Invest In The Danforth Real Estate?

The Danforth is located in Toronto’s east end. Also known as “Greektown”, it is North America’s largest Greek neighbourhood. It is close to the Bloor/Danforth subway line and because of its modest living expenses, this neighbourhood is ideal for first-time home buyers. Located near the downtown core, this area has recently become a hotspot for young professionals.Whether you prefer classic Victorian era homes, recently refurbished modern homes, or new condo developments, there is something for everyone here. Not surprisingly, the neighborhood’s real estate market has seen record sales recently.

List of New Condos in The Danforth Neighbourhood

Why Buy New Condos Developments In The Danforth?

Home prices in The Danforth have been rising for some years, and this trend is projected to continue as more families seek housing outside of the city centre but yet within a reasonable distance. This is a beautiful, sought-after neighbourhood with tree-lined pedestrian-friendly sidewalks, well-kept lawns,local parks, and traditional architecture. While the opportunities to invest or buy a pre-construction condo development (Danny Danforth Condos, which will be located at 2359 Danforth Avenue) here are still there, you should take advantage of it.

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The Danforth Transit & Accessibility

Danforth Village has a Walk Score of 95 out of 100, making it a “Walker’s Paradise” where you won’t need a car to get about. It also has a high Transit Score of 94 out of 100, meaning public transit is readily available in this neighbourhood. There are five subway stations: Victoria Park, Main, Woodbine, Coxwell and Greenwood in the neighbourhood. Woodbine Avenue, Gerrard Street East, Coxwell Avenue, and Greenwood Avenue are all served by various bus and streetcar routes. In addition, there are two Go Train stations: Danforth and Main. These public transport networks make commuting to work a breeze. Drivers also have easy access to downtown Toronto via the Don Valley Parkway and Lake Shore Boulevard.

Average Price for Condos in The Danforth

Semi-detached homes accounted for 53% of sales in the neighbourhood and detached homes accounted for 41 percent. Two-story homes are popular in this area, and most houses have three bedrooms. The average price in the neighbourhood for the past year was $1.209,106, up 21 percent from the previous year. Over the last year, the average freehold price was $1,206,194, while the average cost of condominiums was $940,000. New condo Townhouses have been built, and even some low to mid-rise new condo developments have started along Danforth. The average price is $ 470,286. The price range is currently between$ 185,000 $ 726,350.

The Danforth Neighbourhood

The Danforth covers a sizable area of east-end Toronto, and the many residences are close together. This indicates that there is more real estate available here than in many other Toronto areas. Grecian culture and influence are over the place in both subtle and overt ways, exuding a warm and friendly vibe! You may discover lots of green space by going north or south of the avenue. East Toronto Athletic Field is on Main Street to the south, while Dentonia Park is on Victoria Street to the north. It’s very easy to go to The Beach area; it’s only a 15-minute bus away! The Danforth’s proximity to the downtown core, a mix of modern and classic retail, and a large number of fantastic restaurants are all excellent reasons to consider it as a long-term home and buy a new condo in The Danforth.

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