Downton Toronto is one of the liveliest and most popular areas in the entire city. Each neighborhood has its distinct charm and identity, which is why so many people like to live there. Consequently, the demand for living space is always high, which is good news if you are a property investor.
In this article, we will present you the top 5 neighborhoods to buy a condo in Downtown Toronto. That way, your pursuit for a neighborhood that will match your lifestyle and preferences will be significantly easier.
#1 Distillery District
The Distillery District is spread on 13 acres featuring some of the city’s most charming brick-lined streets, Victorian-era architecture, unique coffee shops, live theatres, five-star restaurants, and many more. It is the epicenter of urban living in Toronto and a symbol of its cosmopolitism. The best part of all is a wide selection of condos in Distillery in all sizes and plans.
#2 King West
Condo development in King West had a profound impact on the entire neighborhood. Consequently, the neighborhood is a mix of new and old buildings in King West. Buyers can choose from high-end condos in King West to boutique lofts and pretty much anything in between. Some of the most famous buildings are located at Portland Street, Stewart Street, King Street West, etc. Besides cool condos, there is an excellent selection of historic theaters, classy restaurants, dinners, chic coffee shops, movie theaters, art galleries, etc.
#3 Queen West
Queen West Street is a neighborhood that is by all accounts a great blend between culture and commerce. Some of the most popular venues in this neighborhood include The Graffiti Alley, The Dog and Bear, The Gladstone Hotel, The Drake, and many more. Condos in Queen West range from lofts within converted factories to ultra-modern ones such as those found in the Arts Condos & Bohemian Embassy. Besides the many coffee shops and restaurants, Queen West is the home to many brewpubs, dance clubs, and other small businesses that only increase the neighborhood’s overall appeal.
#4 Entertaiment District
This neighborhood is the home to some of Toronto’s most famous landmarks such as the Rogers Center, the CNTower, Air Canada Center, Bell Media, CBC, the Royal Alexandra Theatre, Toronto Railway Museum, TIFF Bell Lightbox, the Four Seasons Center, the Princess of Wales Theatre, Steam Whistle Brewery, etc. There is also no shortage of nightclubs, bars, coffee shops, diners, and restaurants. In addition to the many entertainment venues, the area is also known as one of Toronto’s most dynamic business centers, with office spaces spread pretty much everywhere. Those who want to be close to the epicenter of all things in Toronto will always find a place there. Due to that, demand is constant for condos. Luckily, there are condos available of all sizes and with different amenities. The common nominator for condos in this neighborhood of Toronto is that almost by default, they are priced quite high.
#5 Financial District
This neighborhood doesn’t have a wast selection of condos as in some other places across Toronto. There are numerous soaring towers, but many are commercial buildings occupied by banks and other financial institutions. The Financial District is so densely constructed that they had to build an underground walkway that connects the bank towers. As expected, condos in the Financial District are one of the most expensive ones in the city, most of which are occupied by career-oriented folks that want to live near their place of work.