While 2020 has been a whirlwind year with lots of unexpected curveballs, things seem to be finally settling down as Toronto enters Stage 3. Just as anxieties are ramping down, interest in old plans are going up – like moving to Toronto. While many neighbourhoods in Toronto are prestigious, exclusive and out of budget for would-be Torontonians, there are some that if you cash in now, will yield amazing returns on your investment. If you are interested in the best investment neighbourhoods in Toronto, look no further!
What are the best Investment Neighbourhoods In Toronto?
Rockcliffe-Smythe
This neighbourhood is getting a lot of attention from the media. In the past five years it has consistently been featured by Toronto Life, BlogTO, Airbnb and more as one of the top 3 neighbourhoods for first time Toronto homebuyers. This is because there are many excellent schools for young families as well as green space. It will also have great TTC access when the Eglinton Crosstown is complete.
Humber Summit
Humber Summit is one of the best investment neighbourhoods in Toronto. It is bordered by Steeles and Finch at the north and south ends, and winds around the Humber River between Kipling Avenue and Weston Road. If you love green spaces, this is the neighbourhood for you! There is Rowntree Mill Park that is perfect for picnics and nature walks. There is also the West Humber Parkland Trail which is 5.5 kilometres of beautifully paved paths perfect for cycling, running, or bird watching. If you love golf, there is also the Humber Valley Public Golf Course which is a par 70 course with challenging valley-land holes.
Yonge and Sheppard
This neighbourhood used to be known as the suburbia of Toronto. Now it is time to dismantle that thought and replace it with the truth – it is bustling and constantly growing! This neighbourhood is one of the hotspots for Toronto condo development. Due to its northerly location, the prices for these condos are still competitive enough for first-time homebuyers to move to the city and enjoy the great night life that comes with this neighbourhood.
Leslieville East
It is important to note that Leslieville East is not the same as Leslieville. This neighbourhood is located in between The Beaches and Leslieville. It is about a twenty-minute streetcar ride to downtown Toronto, which means that it is well located with great access to transit. If you do not mind living around construction during its revitalization, you could reap some serious rewards when this neighbourhood is fully up and running!
Danforth Village
While not directly along the subway line, this neighbourhood is well situated between midtown and downtown Toronto. If your heart is set on buying a home rather than a condo, this is a great neighbourhood to do it, especially given its location. Best of all? You are steps from Greek Town with some of Toronto’s best food!
These are just a few of the best investment neighbourhoods in Toronto!
If you are interested in learning more about these neighbourhoods, to ensure it is the right place for your dream home or an investment property – please feel free to reach out to me!
