Description
If you're looking for an investment rental property or a home for yourself and you're willing to live in a transitioning area to take a shot at growing your home equity for a higher than average return, Dovercourt is well worth a look.
The brick, Edwardian-style homes for sale in Dovercourt Park are often detached but with narrower than standard lots. Many are situated along tree-lined streets however and the interior space is often generous, making up for smaller lot sizes. There are still many divided homes used as Toronto rentals here however we see this changing quickly as investors and end-users snap up these rental properties and convert them back to single-family dwellings before the neighbourhood gentrification pushes price points out of reach.The Dovercourt Park neighbourhood may just become the next Lower Ossington with an influx of trendy brands like Bellwoods Brewery calling it home (they're opening a second production location here) and cafés like Dark Horse Espresso reportedly opening soon (at time of publishing). These local hot spots will no doubt act as harbingers of change, signalling more flippers and developers to the area who see as much potential in this well-situated but under-developed neighbourhood as we do.
Best For
Families looking for moderately priced family-sized houses for sale in Toronto within close proximity to downtown.
Also, investors looking for rental properties that may pay off big come re-sale.
Overview
Whether you call it Dovercourt Park, Dovercourt Village or just plain Dovercourt, this area is a wonerfully diverse family neighbourhood north of Bloor that offers well-priced Toronto homes for sale. No surprise that its namesake park is at the heart of the community and it includes a popular clubhouse for the local Boys' and Girls' Club.
Dovercourt Park is arguably in an earlier stage of gentrification than nearby trendy 'hoods like the Junction Triangle and Dufferin Grove, but it may just be a pot of gold for Toronto real estate investors willing to play the long (or at least "medium") game. Some are calling it the next Lower Ossington - and we've all seen how the transformation of Little Portugal and Duwest has created one of Toronto's hottest real estate pockets for young professionals.
If you're looking for a higher pay off come re-sale than average and willing to take a chance on a transitioning neighbourhood, check out Dovercourt Park homes for sale.
Why We Love Dovercourt Park
Things are Changing all Around it
Wallace Emerson and the Junction Triangle, located just west of Dovercourt Park, have seen a huge influx of renovators and investors over the last five years including trendy new Toronto loft and townhome developments.
In addition, plans are being floated for developing the area just west of this neighbourhood into a new Distillery District or Liberty Village. This would likely see both Dovercourt Park and Dufferin Grove property values soar because they’ll be in close proximity to all the new amenities and nightlife but tucked away enough to maintain their small, community feel.
Because it has Wallet-Friendly Family Activities
Between Dovercourt Park’s playground, wading pool and sporting fields, as well as skating rinks in the winter, the Dovercourt Boys' and Girls' Club with low cost memberships, and free kids’ programming at the Toronto Public Library branch at Bloor and Gladstone, there’s a host of no or low cost activities in this up-and-coming Toronto neighbourhood for families on a budget.
- 11thLeast expensive out of 21 neighbourhoods in West End$1.13millionAverage home value in Dovercourt Park7.19%Year over year change in valuesHistorical Average Home Prices in Dovercourt Park