West Queen West

West Queen West in a neighborhood in Toronto that represents a main east-west thoroughfare’s western branch. It comprises a strip of land along Queen Street, bordered by Bathurst Street to the east, Dufferin Street to the west and King Street to the south. The area has a mix of both residential and commercial buildings with several independent boutiques along the streets. The most common type of houses here are condo buildings followed by two and three storey walk-up flats above storefronts. West Queen West has over the years become a global arts centre, making it a prime spot for tourists in the city. It has always been regarded by Torontonians as a hip, groovy, artsy and a cutting-edge neighborhood. It was even named by Vogue as one of the coolest streets on earth. There is much to see and do in this neighborhood with several venues such as boutique hotels, vintage stores, bars, lounges, furniture shops, the Trinity Bellwoods Park and a vast array of restaurants with several cuisine options.
Condos are the most common type of houses in West Queen West and account for 73% of the total home sales. This is followed by condo townhouses which account for 15% of the total sales. Majority of the condo apartments here consist of only one bedroom. The average price of a condo here in West Queen West is $629,187, which is an increase of 22% over the same term for the previous year. The average condo price last year was $574,281, as compared to the average rate of freehold which is approximately $1,262,731 over the same period. The population in West Queen West currently stands at 21,000 with average family income around $91,797. Out of all the homes in the neighborhood 51% are owned while the remaining 49% are tenanted. The neighborhood expects a surge in the population of the neighborhood with the rising number of condos in and around the area. You will find several Victorian homes here that have been transformed into triplexes which help in captivating the elements of the area. The neighborhood is largely popular among young urbanites who believe in live, work and play. Some Torontonians even feel that this region is the true centre of the city as it offers a sense of community which you will not find elsewhere.

List of New Condos in the West Queen West Neighbourhood

Why invest in West Queen West Real Estate?

The development of several condo projects in West Queen West has led to the increase in its population over the last couple of years. This is also directly proportional to the demand for new condo apartments in the neighborhood. The location of the neighborhood also plays an important factor in attracting crowds from other parts of the city. Living here makes it easy to commute to commercial neighborhoods with ease, making it desirable for working professionals. The availability and abundance of amenities is also another factor as it completely negates the need for using vehicles. You can simply step out of your home and find everything you need within a few steps away. West Queen West also has world-class transportation services which make it convenient for the residents who commute on a daily basis.
Condominiums being the most common type of home in West Queen West in Toronto, you are exposed to a variety of options to choose from. Although the prices of real estate are slightly higher than the rest of Toronto, the neighborhood is worth investing in. The prices of condos on an average have been witnessing a 22% rise annually over the same term. This ensures a premium return on your investment over a couple of years. You will also not face any issue looking for tenants as the demand is high for condo residences in the current market. Out of all the real estate properties, 49% are tenanted which ensures the availability and abundance of tenants in the region. You can also expect a monthly income once you have rented out the place while the value of your property keeps rising annually. 1181 Queen West Condos, 655 Queen Street West Condos and The Plant Condos are some of the new condo developments in the neighborhood which are worth checking out.

Transit Options

Transit services in West Queen West is one of the main attractions that make it so desirable for many. Thanks to its prime location and the Toronto Transit Commission, commuting to and from here is a walk in the park. The Queen streetcar service is one of the major public transportations available here that runs for 24 hours a day. This streetcar route enables residents to travel across the city effortlessly. The Toronto Transit Commission also provides the residents of West Queen West with bus services. Residents can avail this service along Bathurst, Dovercourt, Ossington and Dufferin Streets.
Residents with vehicles who prefer driving to public transportation can avail the arterial streets as well as the two major highways in close proximity to the neighborhood – Lakeshore Boulevard and Gardiner Expressway. These highways are easily accessible from West Queen West and can be used by motorists to commute to any part of the city with ease. These highways also extend past Toronto and into other parts of the Greater Toronto Area such as Etobicoke and Mississauga.

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