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Why Should You Invest In The Alexandra Park Real Estate Market?

The simple answer to this question is that Alexandra Park is a neighbourhood that is surrounded by some of the most vibrant neighbourhoods in Toronto. Located in the Toronto Downtown Core, real estate prices here grow exponentially each year. Alexandra Park is bordered by Dundas West in the north, Queen West in the south, Spadina in the east and Dundas in the west. This also in turn provides the residents of the neighbourhood with unlimited transit options. Alexandra Park used to have multiple low-rise houses but is filled with condos today. It gets its name from a municipal park that goes by the same name which is located at Dundas and Bathurst Street’s south-east corner. This park in turn was named after Queen Alexandra who was the wife of the first monarch who visited Toronto, King Edward VII. Alexandra Park lies in central Toronto within the downtown Core and thanks to its prime location, it is in close proximity to some of the most vibrant neighbourhoods in Toronto. Thanks to this, the neighbourhood is ideal for working professionals who would otherwise have to spend much more time commuting. Toronto has seen exponential growths in terms of real estate prices each year and investing in a condo here can amount to a large sum in a few years. Be it for your own use or for investment, buying a new condo in Toronto is always a lucrative option and having one in the downtown core makes it all the more worth it!

Why Buy A New Home In Alexandra Park?

Although Alexandra Park lies in the downtown core of Toronto, there is a perfect balance here between concrete and greenery. This not only does good for the environment but also provides the residents with a quick escape from the busy urban life. Alexandra Park is also a few steps away from some of the most vibrant places in Downtown Toronto such as Chinatown, Fashion District, Entertainment District and Kensington Market, making it a very lively and happening place to live in. The famous CN Tower in Toronto is also easily accessible from here along with some of the most iconic places including the Eaton Centre and much more. The neighbourhood features a good walk score and as a result residents in the area can literally get all their daily amenities within walking distance along with other luxury essentials such as restaurants, bars, cafes and much more. The Fashion District which is also known as the Garment District was an iconic place which was home to multiple fabric production industries in Toronto. On the other hand, Chinatown is the best place to shop for home supplies as well as exotic spices and fresh produce. Kensington Market in the area has a very bohemian and colorful vibe with multiple cafes and bars. You will also witness several street performers in the area from time to time. The price of Real Estate in the area rises every year. During the past year, the average home price was $677,490. Alexandra Park is a pleasant and happening place to live in. Investing in a home in the area will not only guarantee income

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Entertainment In Alexandra Park

Alexandra Park is surrounded by some of the most vibrant neighbourhoods in Toronto including The Entertainment District, Fashion District, Chinatown and Kensington Market. Fashion District, formerly known as Garment District has been one of the largest producers of fabric in the city of Toronto. Today it is a dynamic neighbourhood where the streets are lined with restaurants, cafes and bars. The famous Graffiti Alley can also be found here with visitors from all over the world. Another neighbourhood easily accessible from here is Chinatown, which is regarded as one of the best places to shop in the Greater Toronto Area. You can get a hold of exotic spices as well as fresh produce from here and is also the best place to look for home supplies as you get the best deals. Kensington Market is another exciting place to visit and lies to the immediate north of this neighbourhood. This area has preserved its bohemian charm throughout the ages despite the development and changes in the surrounding areas. Last but not the least, The Entertainment District is another exciting place that is easily accessible from this neighbourhood and has several places to visit. This neighbourhood has always been regarded as the spot and hub for nightclubs in Toronto. Today however this area is filled with posh restaurants and a plethora of entertainment options. The Rogers Centre as well as the Air Canada Centre are also located here and can be easily accessed even on foot. Both these stadiums are home to some of the most celebrated professional sports teams including the Maple Leafs, Blue Jays and the Toronto Raptors.

Average Prices Of Homes In Alexandra Park

Although the majority of the residential developments in Alexandra Park mainly consists of condos which account for 61% of the total home sales, there are still quite a few detached and semi-detached homes in the neighbourhood which account for 4% of the total home sales in the area. The average prices for homes was seen at $677,490 in the previous years which can be split up into an average price for condos at $606,842 along with an average freehold price of $1,299,200. Investing in a home here can be lucrative as this is a condo-dominated area, meaning that homes are lesser in number as compared to other types of houses. This automatically increases its value over other types of housing which are in plenty.

Getting Around in Alexandra Park

Alexandra Park is surrounded by some of the major routes and thoroughfares including Dundas Street West, Spadina Avenue, Queen Street and Bathurst Street, and as result, the residents of the neighbourhood have access to world-class transportation services. There are streetcar services available here as its bordering streets happen to be inner city thoroughfares. A few minutes of walk from this neighborhood takes you to multiple subway stations such as the St. Patrick station and Osgoode which are a part of Line 1 Yonge-University. This line covers the financial district and goes all the way to Vaughan. Riders too are in for a treat thanks to the Gardiner Expressway which connects to other highways such as Queen Elizabeth Way, Don Valley Parkway and Ontario Highway 427. The presence of these highways and public transit options make commuting a walk in the park for everyone in the neighborhood.

Questions & Answers

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What is Land Transfer Tax?
How will the project progress if the completion date is delayed?

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