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Original guide information
The following guide was last updated 2024-03-28. 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 West Queen West Real Estate?
West Queen West is a Toronto neighbourhood that serves as the western branch of a major east-west road. The boundaries of Queen West can be generally described as Dufferin Street to the west and Bathurst Street to the east, Queen to the north and King Street to the south. The neighbourhood contains a mix of residential and commercial properties, as well as some individual enterprises along the streets. The vibrant vitality of Toronto's Queen Street West is unrivaled in the city. When a home in Queen West becomes available, whether it's a new condo development, a refurbished loft space, a quaint townhouse, or a vintage red-brick house, it generally doesn't stay on the market very long.
West Queen West Transit & Accessibility
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.
Average Prices for Condos in West Queen West
Condos account for 73% of all home sales in West Queen West. This is followed by condo townhouses, which make up 15% of the market. The majority of the condo buildings in this neighborhood have only one bedroom. The average price of a condo in West Queen West is $629,187, a 22 percent rise over the same period the previous year. The average condo price last year was around $580,000, while the average freehold rate was around $1.2 million during the same period. West Queen West has a population of 21,000 people, with an average family income of $91,797.
Recreation in West Queen West
One of the largest parks in Toronto, Trinity Bellwoods Park, it is perhaps the most popular park that stretches along Queen West from Gore Vale Avenue to Crawford Street. Most weekends in nice weather, there is something going on here. It has a children's playground, a wading pool, a baseball diamond, sports fields, and four tennis courts. At 155 Crawford Street, the Trinity Community Recreation Centre has an indoor pool, a track, a gymnasium, and a gym room. Artscape Youngplace, located at 180 Shaw Street, is a creative community hub that features artist studios, public lounging areas and event rental spaces. Every day, this centre hosts a variety of artistic and community programmes in and around the building!
West Queen West Condos
There are many amazing restaurants, and it’s difficult to pick as each of the restaurants provide something unique. There's Mamakas Taverna at Ossington strip, perhaps Toronto's greatest Greek restaurant. Most visitors come for the food, but they linger for the atmosphere at Mamakas. Union Restaurant near Queen Street, which has received significant praise since its inception. If you like French-inspired cuisine, this ever-changing menu always has something fresh and intriguing to eat. There are also Bar Poet - a chic up-scale bar, Nadège Patisserie - a modern and vibrant bakery and Bar Piquette - another beautiful and delightful independent restaurant that offers European-inspired food.
West Queen West Transit & Accessibility
The West Queen West ambience reflects the neighborhood's youngish demography and is very multicultural
West Queen West Transit & Accessibility
Ranked as one of the world's coolest neighbourhoods by Vogue
West Queen West Transit & Accessibility
The neighbourhood is home to some of the city's top restaurants, cafés, street art, independent stores,and galleries, and it's a must-see for anybody coming to the city
West Queen West Transit & Accessibility
Queen Street is predominantly lined with traditional low-rise Toronto brick houses that serve the majority of the neighborhood's retail and commercial business
West Queen West Transit & Accessibility
Along with the traditional buildings, there's a mix of new condo developments and office buildings that have been beautifully merged into the area
Are new condo developments in West Queen West a good investment?
In general, the best ways to enter the West Queen West market are through the new condo developments that dominate the neighbourhood's main crossroads. Because of the large number of units in each development, these are the residences that appear for sale the most frequently here. The allure of living in this stylish, up-and-coming neighbourhood is apparent. Rents are often higher than the city's average. With the high demands and a high rent return, new condo developments are certainly an ideal investment.
Who is West Queen West best for?
The neighbourhood attracts young urbanites, as well as creative types. These young urbanites believe in living, working and playing. Some Torontonians consider this area to be the city's genuine heart, as it provides a sense of community that cannot be found elsewhere.
How much will the value of West Queen West condos rise in the next five years?
Condos in Toronto appreciate at a year-over-year rate of 2%, which is a reasonably constant and stable pace. Certain locations, on the other hand, receive substantially larger returns as they become more popular. Depending on the neighbourhood, your condo's value might climb by 10% or more in a single year. However, because of the demand for the neighbourhood, certain places are somewhat more stagnant than the average. It is a fairly safe bet that your condo will rise in value each year, and it is a foregone conclusion that it will be a highly profitable investment in five years.
