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Description
St. James Town homes are not often on the radar of most buyers looking for downtown Toronto homes for sale. That's because it's thought of mainly as a rental area and, because of it's less-than-stellar reputation, it's an area that buyers typically avoid.
It's true that St. James Town has historically been a low-income neighbourhood populated mainly by families in rental apartments. However, the surge in new build, affordable Toronto condos makes this neighbourhood worthy of a second look, particularly for investors looking at condos for sale in Toronto for use as rental properties.
Best For
Low-income families looking for Toronto apartments for rent in a central location. As well, investors looking for condos for sale in Toronto to use as rentals.
Why We Love St. James Town
It Could be a Great Investment
St. James Town is transforming in terms of both demographics and amenities and it’s one of the few areas of the downtown core where builders are still finding space to develop, despite it being so densely populated.
There are a number of new Toronto condo projects in development now that could change the area’s demographics and reputation dramatically. But we won't deny buying here as an investment is still a big roll of the dice.
Most investors would feel more comfortable in transitioning areas that are further along the change spectrum like Regent Park, Davenport Village and the Junction Triangle.
Still, if you have a higher-than-average risk tolerance, talk to a Property Agent about St. James Town because there's a lot more going on here than most people think.