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First-time buyers seeking reasonably-priced homes close to downtown as well as investors looking for houses for sale in Toronto with great rental potential in an up-and-coming neighbourhood.
Overview
The Junction Triangle is hands-down one of the best neighbourhoods in Toronto to grow your real estate investment. End-users looking for homes for sale in Toronto to fix-up, live in and sell a few years down the road or investors looking for rental property in a trendy, burgeoning neighbourhood should seriously consider the Junction Triangle.
Recent years have seen the development of multiple lofts and urban townhomes attracting a wealth of young professionals to this previously industrial area but there are also many well-priced Junction Triangle homes for sale.
The gentrification continues with plans being floated to turn this area into the next Distillery District or Liberty Village–not surprising given its proximity to High Park, the Bloor-Yonge subway line and GO train, The Junction’s booming real estate market and the revitalized shopping district of Bloordale Village.
The Junction Triangle, as its name suggests, is a small triangular-shaped neighbourhood running between three sets of railway tracks. Its boundaries are roughly defined as running from Lansdowne to Dundas south of Dupont, narrowing to a point south of Bloor where Dundas Street West hugs the end of College Street.
Homes for sale in the Junction Triangle offer a range of two- and three-storey Victorian houses as well as a host of new townhomes, condominiums and lofts.
Those looking for single-family homes that are willing to put in some sweat equity could see values rise dramatically but you’d be wise to purchase as soon as possible. The Junction Triangle neighbourhood, together with Wallace-Emerson, is undergoing a massive transformation. Many new condo and townhome developments are coming to completion over the next few years - particularly along Lansdowne, Dupont and Perth / Sterling - and once doors open, we’ll likely see a surge in property prices. New amenities are sure to follow the condo boom - we're already seeing an influx of trendy, new cafés and businesses.
For buyers interested in condominium living, Castlepoint Numa’s new Sterling Lofts look promising with open concepts and an aesthetic that balances modern functionality and design with the building’s vintage – think sleek and shiny kitchens and bathrooms juxtaposed with concrete floors and 13 foot soaring ceilings.
There's also the Duke condo and townhouse development by TAS which includes a number of exciting eco-features including in-unit energy recovery ventilators, terrace planters and a green roof, with a design sensibility that clearly targets young professionals.
The sold-out Wallace Walk Towns at Bloor and Dundas is a stunning modern complex with rooftop terraces; re-sale units and rentals are sure to hit the market in the coming years. And the brick and beam Wallace Station Lofts–character-filled, authentic Toronto lofts–are definitely worth a look for those who love heritage features.
Why We Love Junction Triangle
It’s Primed to be the Next Big Thing
Castlepoint Realty Partners purchased an 8-acre plot of land in the south Junction Triangle back in 2007 with plans to turn it into a mixed-used neighbourhood similar to the Distillery District or Liberty Village.
After much community consultation and seemingly endless discussions with the nearby Nestlé factory and City Hall, Castlepoint’s development is finally underway along Perth Avenue and Sterling Road. The Sterling Authentic Lofts are currently selling pre-construction. The site will include office and retail space in addition to its 540,000 square feet of new residential quarters, as well as new parks and public spaces.
The transition is not without contention; the neighbourhood has been divided on the idea of change. Some residents are fully supportive of developers, hoping to see the kind of real estate and commercial investments that turned the Junction around.
Others want to preserve the mixed-income status of the neighbourhood. They argue that its diverse community and affordable housing is golden in Toronto where many families are forced to buy at the fringes of the city and seniors are being displaced from their homes with rising property tax and cost of urban living.
Change is afoot however and it’s just a matter of time before we see this area completely gentrify–likely quite dramatically–once developments like Castlepoint’s are completed.
It’s Part of The Big Move
The Junction Triangle can now boast a pretty stellar transit infrastructure development by Metrolinx as part of their multi-billion dollar Big Move project.
This includes the new Union Pearson airport express, opened in 2015, that makes one of its four stops in this 'hood at the Bloor GO station at Bloor and Perth. The station has seen significant improvements including a new station building, additional parking spaces, a pedestrian plaza and greater accessibility for customers.
It’s Home on the Frontier
The West Toronto Railpath is a landmark rails-to-trails project that makes use of the old railway paths by converting them into an asphalt trail for pedestrians and cyclists. Running through the Junction Triangle, the path is lined with plants, restored bridges and public art installations making it the perfect urban trail and an excellent example of community cooperation with the city.
Phase 1 opened in October 2009 running through the heart of the Junction Triangle. Phase 2, which would extend the path south of Dundas through to the downtown core, is still in discussion at time of publishing.