Best For
Young professionals, students and public transit users looking for turn-key Toronto condos for sale or Toronto apartments for rent with everything at your doorstep.
Overview
Downtown Toronto is a bustling neighbourhood and the city's premier work/live/play zone for energetic urbanites who love the vibrancy and action of downtown living. This area is ideal for those who want to go from work to the gym, to the movies or out for drinks and back home again, all within a short stroll or TTC ride away.
Situated in Toronto’s core, the downtown area is really split into two sections: Downtown West and Downtown East.
Downtown West is bordered by Yonge Street and Spadina with Queen Street and Gardiner defining its north-south perimeter. This western portion of Toronto's core encompasses Toronto’s Entertainment, Fashion and Financial districts. Interesting piece of history: this area was original a military garrison, set up to protect the old Town of York against attack from our neighbours to the South.
Downtown East runs east of Yonge to Sherbourne, from Shuter to Bloor. Downtown East is an eclectic neighbourhood popular with students, thanks to its proximity to Ryerson University and George Brown College.
Homes
Downtown Toronto real estate is really all about condo living. That said, for buyers looking for houses for sale in Toronto, there are some historic homes (typically original condition) to be found like century-old row houses tucked down side streets. They don’t come on the market often and when they do, they tend to be fixer-uppers with high entry prices. However, it can be an excellent investment opportunity if you have the budget. If you’re interested in homes for sale in Toronto's core, the Property.ca team can advise on the best strategy to find that rare historic gem.
Those interested in Toronto condos have a lot more options here including 18 Yonge Street with its unparalleled location and Maple Leaf Square Condos on Bremner Boulevard with amazing city views and stellar amenities. Downtown East in particular has a ton of rental apartments to suit most budgets.
Whatever building you decide on, the great news for buyers set on a downtown Toronto homes for sale is that the price range for condos here is quite wide, i.e. there are options for every budget. Another strong allure is the fact that condo values are likely to remain stable due to their centrality. There will always be a demand for downtown living.
Why We Love Financial District
Because We Love The Lifestyle
There’s an argument to be made that if you’re going to live in Toronto, you should live where the best of the city is at your doorstep. This is arguably the most well-positioned neighbourhood for experiencing all of the great shopping, dining and entertainment options that Toronto has to offer.
Because It's Well Connected
This is the best area in the city to live if you don’t have a car or you simply prefer public transit to avoid driving in Toronto’s congested core.
If you work downtown, this is a major plus with the TTC at your doorstep virtually anywhere you turn in this area. You’re also just a short transit ride away to Union Station with VIA and GO Transit options.
Also, pedestrians can walk the PATH. Many of downtown Toronto’s office buildings, transit stations, shops and restaurants are connected via the 30 kilometre underground PATH walkway system. Most people who love downtown living enjoy walking above ground and feeling the energy of the city. However, come winter, you’ll be happy for this indoor alternative.
You Can Shop ‘til You Drop
This is arguably Toronto’s top destination for the eager, urban shopper with the Eaton Centre being its number one attraction. But it’s not just retail therapy this neighbourhood offers, there are also countless dining and entertainment options as you’d expect from this tourist hotspot.
Allan Gardens
Allan Gardens is a sparkling green gem in the heart of the city. There are many community events throughout the year including their annual Christmas show and the Conservatory is open year-round with a botanical greenhouse featuring plants from around the world.
There’s also an off-leash area for dog lovers. It’s a perfect place to spend an afternoon on those days when you want to trade in the concrete jungle for the real thing.
- 29thLeast expensive out of 79 neighbourhoods in Downtown$623KAverage home value in Financial District4.62%Year over year change in values
Historical Average Home Price in Financial District