What are the Best Neighborhoods in Downtown Toronto? Top Five Places Worth Scouting

Toronto is Canada’s most urbanized and cosmopolitan city. According to a survey to find the annual cost of living by the Mercer, it is the country’s second most costly city to live in.

Even if the city is expensive, there are many communities where you can live on a budget. Those areas also offer a great deal of potential for real estate development.

Read on to know about the most well-known neighborhoods in downtown Toronto where you can buy a home.

Top Five Places in Downtown Toronto

1. The Annex

• The Annex is a neighborhood in downtown Toronto.
• Surrounding the University of Toronto, it is home to students, academicians, and aspiring artists.
• It is a wonderful place to live because of the picturesque historical buildings, the Royal Ontario Museum, and plethoras of modern cafes.
• The neighborhood is lined with Victorian and Edwardian houses and mansions.
• Some of these houses have been rebuilt.
• The Annex is a fantastic spot to buy historical building and renovate it.
• You can also rent out the space to students seeking a short-term rental.

2. Roncesvalles

• The borough of Roncesvalles is in Toronto, Ontario, Canada.
• The place radiates the beauty of a little European village.
• Named after Roncesvalles avenue, this place offers great convenience and a homely vibe.
• In the residential neighborhood, there are several separate and semi-detached single-family homes.
• It’s one of the finest spots for young families to stay.
• It’s a great location for aspiring homebuyers who want to buy an old house and keep the appeal of historical homes while modernizing them.

3. Kensington Market

• In Downtown Toronto, Kensington Market is a culturally diverse neighborhood.
• Kensington is bordered:
  • On the North by College St.
  • On the East by Spadina Ave.,
  • On the South and West by Dundas St. W. and Bathurst St respectively.

The place has a countryside vibe to it with a range of diverse specialty restaurants and stores. The most frequent form of housing in Kensington is a low-rise building. And a majority of the houses are dated before the 80s.

4. Regent Park

• Regent Park is a neighborhood located in downtown Toronto.
• The city has developed urban planning and real estate scenes.
• It is one of Toronto’s most coveted zones and is ideal for those seeking quick access to the city’s metropolitan core.
• It is an attractive spot to live, thanks to the sophisticated and constructed neighborhood of townhouses.

5. CityPlace

• It is a modern-day suburb in downtown Toronto with outstanding residential projects.
• CityPlace is surrounded:
  • On the West by Bathurst Street
  • On the South by Lake Shore Boulevard
  • On the North and East by Front Street, Blue Jays Way, and the Rogers Centre

There is ongoing construction in this area. When it is completed, the place might be the biggest residential project in Toronto’s record.

Are you looking for a reasonably priced location to live in GTA? Read ‘Affordable Housing In Toronto And GTA’ to find out more.

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