Where To Buy Real Estate In Toronto To Get A Great Return On Investment
It’s no secret that Toronto’s real estate is hotter than ever. With proximity to the US, renowned healthcare and education, and plenty of culture, investing in Toronto real estate makes a lot of sense. Further, 18.5 percent of Canada’s annual GDP is generated here and 100,000 new residents in need of housing arrive annually. Anyone looking to buy real estate in Toronto usually starts by narrowing down their search by neighbourhood. We’ve rounded up what we think are some of the most dynamic spots; these are always in high demand and will make a great return on investment for any buyer.
Yorkville is home to the best of the best: the top restaurants, shopping, galleries, and museums. It offers great proximity to the University of Toronto, as well as the city’s biggest hospitals. The area is also home to some of the finest luxury developments. You can live well here, in stylish, well-appointed residences, and have everything you could possibly need right outside your door. You are steps from the subway and close to the financial district, tech firms, major hospitals, and commerce. The Don Valley Parkway is close at hand. It’s the perfect location for an active, urbane lifestyle.
Richmond Street West
Richmond Street West is the heart of the fashion and entertainment district in Toronto. This is the place to be when you want to be surrounded by everything downtown has to offer: great dining, shopping, nightlife, cool architecture, and more. In the middle of all this activity? A lovely green space to be enjoyed in St. Andrew’s Playground. You can have a different adventure around every corner here, and have fun discovering the city. Work-wise, you can easily access hospitals, the financial district, and all of the major players in commerce and the tech industry. There is also easy access to the Gardiner and the DVP. If you’re looking to buy real estate in Toronto, Richmond Street West guarantees an excellent return on investment.
City-lovers who have an affinity for arts and culture, especially live theatre, would do well to consider this area as a potential home. The area is full of fantastic restaurants, shops, and condos. Obviously the options for dining and entertainment are many, you can get anywhere on foot, and every convenience is within reach. The subway is close by, as is access to both the Gardiner and the DVP. Every industry is also represented here, including tech, finance, commerce, and healthcare. If you’re looking to buy real estate in Toronto and you want to be in the heart of the city’s thriving cultural scene, downtown Yonge is your destination of choice.
The Bay Street Corridor
The Bay Street Corridor is a bustling area, the very centre of the city, where every form of business and industry is represented. You can walk everywhere, you’ll find every service and amenity you could possibly need, and you will have endless options for dining, entertainment, culture, shopping, and nightlife close at hand. The area is also home to historically significant architecture that has been carefully restored and preserved. In the heart of the financial district, you are also within reach of tech companies, commerce, and all of the major hospitals. Drivers will enjoy easy access to both the Gardiner and the DVP.
As you can see, there is no shortage of options available when it comes to buying real estate in Toronto. Find the neighbourhood that suits you best and start exploring! Thanks for reading and don’t forget to follow the MOD Developments blog for more on Toronto’s best neighbourhoods.