Parkdale, a neighbourhood in Toronto’s west side of downtown, is gaining in popularity by the season. Many renovators see this as a dream-neighbourhood with plenty of gorgeous, large homes just waiting for their special touch.
It’s also on every investors radar as there are many multi-unit homes here that provide incredible rental rates, and a positive return on investment.
The Neighbourhood
The Parkdale neighbourhood has many outstanding attributes. It has some of Toronto’s most vibrant shopping districts, wonderful tree lined streets, affordable Victorian homes, and impressive mansions that remind onlookers that Parkdale was once Toronto’s wealthiest district. Parkdale is also within walking distance of Toronto’s waterfront parks.
Jameson Avenue in West Toronto stretches from the pedestrian walkway at Lakeshore Blvd. to the hustle and bustle of Queen Street West. It’s a wide boulevard lined with walk-up and high-rise apartment buildings. Parkdale Collegiate, one of Toronto’s oldest high schools, is located along this route.
The wide, pedestrian-friendly sidewalks are lined with street planters designed to enhance the streetscape and return Jameson Avenue to the prominence it enjoyed from the mid-1800s to early 1900s, when Parkdale was one of Toronto’s elite neighbourhoods.
The street planters — over 70 of them — were recently enhanced with over 560 photographs imprinted on their concrete bases. These include black-and-white photos of past and current residents, as well as archival images from the neighbourhood.
This project, known as Impressions, is one of North America’s largest outdoor street photo installations. This street gallery was created by artist Jim Bravo and photographer Kate Young, with enthusiastic participation from local residents. Impressions was coordinated by Mural Routes, a not-for-profit organization dedicated to enhancing communities through public art murals. Support was also provided by the city of Toronto Public Realm Section – Transportation Services. The featured photos are lively and entertaining and bring a sense of community to the streetscape. It is this type of initiative that is helping to revitalize the Parkdale neighbourhood.
Parkdale Real Estate
Parkdale’s eclectic mix of real estate options ranges from grand Victorian mansions to high-rise apartment buildings. This plethora of housing options has resulted in Parkdale having one of the most diverse demographics of any Toronto neighbourhood.
If you’re an investor or looking for the next big buying opportunity, you should be looking closely at Parkdale. With the launch of XO Condos in 2019 and XO2 Condos in January 2022, this neighbourhood is poised for major growth. Getting in early is key, as there are many projects planned for this area, which means values are only going to go up, and buying now, when pricing is at its lowest is a strategy that brings many great returns.
Check out our project profile page on XO2 Condos HERE.
If you’re interested in learning more about some incredible opportunities in this growing neighbourhood, fill out our form on this page or email us directly – info@torontorealtyboutique.com – we’ll send you some options that are definitely worth considering.
TRB Education Hub
Get the real estate resources you need to succeed. Visit our education hub for market insights, guides, podcasts and more.
