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Original guide information
The following guide was last updated 2024-04-24. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.
Why Invest in The Entertainment District Real Estate?
The Entertainment District is bounded to the north by Queen Street West, to the east by University Avenue, to the west by Spadina Avenue, and to the south by the Gardiner Expressway. The Entertainment District draws a certain kind of resident due to its close proximity to exciting amenities and beautiful condos. This neighbourhood attracts young to middle-aged individuals with well-paying professions. People in this neighborhood enjoy living so close to all of their lifestyle necessities and often work downtown. They are also actively involved in local events. There are plenty of
high-rise new condo developments in the Entertainment District. Despite the endless supply of newly constructed homes, the rent remains high and a one-bedroom condo could cost you more than $2300. Investing a new condo in The Entertainment District can guarantee you a steady revenue from rental income.
Why Buy New Condo Developments in The Entertainment District?
The neighborhood's reputation as a nightlife district started to fade as it became more well-known for its luxurious condo developments. The neighborhood has continued to be revitalized, and residential real estate is in high demand there. Old warehouses and factories are continuously being converted into lofts and condo projects, and new condo developments have started to appear across the entertainment district. In 2005, there were 7,500 people living in the Entertainment District, but currently there are over 23,000 people living there. There's always plenty going on in the Entertainment District, a lively, engaging neighbourhood. You only need to step outside your front door. This is one of the best neighborhoods to live in if you're seeking "downtown living."
The Entertainment District Neighbourhood
You can find lots of theatres and performing arts centres in The Entertainment District. No matter if you're a devoted Blue Jays, Leafs, Raptors, or Argonauts fan, you won't have to venture very far to see the game. The Rogers Centre, Scotiabank Arena, and BMO Field can all be found within walking distance of the Entertainment District. Some of Toronto's top restaurants can be found in this neighbourhood, which offers a wide selection of fine dining, hip restaurants, and international cuisine. The Entertainment District is also home to famous Toronto landmarks such as the CN Tower and Ripley's Aquarium, as well as legendary institutions such as The Princess of Wales and Royal Alexandra Theatres and TIFF Lightbox Film Centre.
Average Price for Condos in The Entertainment District
Condos dominate the Entertainment District, making up 99 percent of sales, with other types of home making up the remaining 1%. The majority of properties here have one-bedroom The average sale price for condos sold in the Entertainment District in May 2022 was $849,637, up 12.3% over the same month last year. The average rent for condos in the Entertainment District in May 2022 was $2,611, up 16.9% over the same month last year.
Entertainment District Transit & Accessibility
The Entertainment District is a neighbourhood that is well-served by public transit (with a 100 Transit score), being so close to Toronto's most coveted amenities. Despite the fact that most people opt to walk because almost everything can be reached by walking (a 100 Walk score). The Yonge-University subway line and the Spadina streetcar will carry commuters north or south, while the streetcars on Queen and King Street will carry them east and west. Drivers traveling to other cities can head south to the Gardiner Expressway, head north to the Don Valley Parkway, or head east to Highway 403.
Entertainment District Condos
Queen Street West partly surrounds the Entertainment District, is a hotspot for independent boutiques and recognized brand name retailers. Along this stretch of Queen Street, you'll find trendy apparel boutiques like Brandy Melville and Due West, as well as well-known brand names like Aritzia, MEC and Zara. On Peter and Adelaide, you can find the Independent City Market for your grocery shopping. There are also other independent food stores around the neighbourhood. Additionally, there are a lot of flower and gift stores that cater to visitors and people attending performances and shows that constitute this neighbourhood.
The Entertainment District Neighbourhood
Absolutely walkable and excellent transit: 100/100 Walk Score and 100/100 Transit Score.
The Entertainment District Neighbourhood
Home to Toronto’s iconic landmarks: the CN Tower, Ripley’s Aquarium, and storied institutions like The Princess of Wales and Royal Alexandra Theatre and TIFF Lightbox Film Centre.
The Entertainment District Neighbourhood
A dreamland for foodies full of many of the city's most talked-about restaurants.
The Entertainment District Neighbourhood
The neighbourhood’s stretch of Queen Street West houses some of the best shopping destinations in the city.
The Entertainment District Neighbourhood
The Vibrant Nightlife - whether it’s drinks, or a show, you can find whatever you want right here.
How will the demand for pre-construction condominiums in the Entertainment District be?
The Entertainment District is one of North America's top entertainment hotspots. However, the real estate market is expanding as well, with approximately 4400 units of pre-construction condominiums being constructed in this neighbourhood. Living in The Entertainment District is particularly appealing to the younger generation, however it is not solely young people that settle here. The Entertainment District is also home to some of Toronto's most luxurious condos, penthouses, and lofts. With some of the highest dollar per square foot real estate prices in the City of Toronto, buying pre-construction condominiums allow you to buy at a fixed price now while the real estate value continues to appreciate.
Are new condos in the Entertainment District a good investment?
With new hotels and new condo developments being built, this neighbourhood is constantly changing. The condo market in the Entertainment District is expanding. There are new buildings everywhere, and there are many stunning condo units just off King Street West on streets like John, Simcoe, and Blue Jays Way. As of May 2022 85.5% of residents here are in the labour force with an average household income of $96,976, which is 18% higher than Toronto’s average. So if you are renting out your unit, it won’t be difficult to find a good tenant at all and gain steady returns from rent.
How is education in the Entertainment District?
Despite the fact that the neighbourhood is highly populated with professional individuals or couples, there are still plenty of amenities for families. With a few top-ranked schools in the area, parents can make sure their kids are given a top-notch education regardless of whether they're looking for a local public, private, French, or specialized school. The local Entertainment District schools include: Central Technical School, Collège français secondaire, É Élém Gabrielle-Roy, Harbord Collegiate Institute, Ogden Junior Public School and Ryerson Community School.
