Downtown Toronto has it all — luxury residences, fine restaurants, headline entertainment, and recreational attractions — there are endless opportunities for new adventures in Toronto’s most vibrant neighborhood. Washed by Lake Ontario, the beautiful city offers a complete urban lifestyle with everything right at your fingertips. For those moments when you need to escape the demands of work, school, or family obligation, and simply relax, Downtown Toronto will have what you need. Residents never have to travel too far from home, whether they’re looking to spend the evening relaxing or get glammed up and go partying.
There are many options for individuals who need to commute to the downtown Toronto area; whether by public or private transit. Typically transit fare is $2.75 per person with children and senior citizens/students paying $1.85 respectively. Transit Toronto Transit Commission (TTC) maps are available to residents to inform them on how to travel throughout the city on a day-to-day basis. Bloor-Yonge station is the busiest subway line, providing quick transit throughout the city. It’s situated at the intersection of Yonge Street and Bloor Street, one of the main reasons for its growing daily ridership of 731,880.
In addition to subway lines, there are numerous streetcars that frequent popular streets in downtown Toronto, as well as public buses as a substitute outside the core of the city. Streetcars typically run every 5 to 7 minutes during the day and residents can board one with a transfer from the subway station, or if this is a hassle you can always simply pay after you’ve reached your destination. During later hours, streetcars and buses will allow female commuters and children to request stops between the TTC designated stop points.
Alternatively there is the option to travel by taxi, ride a bike or simply go for a stroll. Taxis frequent the downtown area and will typically offer drop-offs to neighboring areas for a price of $15. Fares increase with greater distances but can be relatively low depending on the traffic present. For those who love biking, there are many popular thoroughfares with bike lanes in the downtown area. Residents are allowed to carry their bicycles on all streetcars, buses and subway trains in the city, with the exception of doing so during early morning rush hours. While you’ll notice some people cycling in the area, it not recommended due to the dominance of street car tracks.
Some of Toronto’s most coveted neighborhoods are situated in or near to downtown. From students and executives to cultural enthusiast and partygoers, you’ll find that everyone congregates in the vibrant transit hub. There are a plethora of residential opportunities for homebuyers in the downtown area. Residential condominiums account for 93% of properties that are sold in the city, with town houses and other buildings accounting for 4% and 2% respectively. Many condos will offer one to three bedroom options to accommodate single professionals or families of different sizes. Currently the average cost for a condominium in downtown Toronto is $542,989.
The energetic city features a huge selection of residences with different styles and features, from older high-rise developments that can be traced back to the 1950s, to refurbished industrial buildings. Condominiums typically boast luxury amenities; such as 24 hour concierge assistance, swimming pools, fully equipped gyms, sleek finishes and architecture, outdoor balconies, quartz countertops, and spas. These amenities are mainly offered in condos at entry level prices, as well as more prestigious developments that may have units priced at over one million. Downtown Toronto’s condos are also highly praised for their stunning view of the waterfront and Toronto skyline. Currently, some residences that are underway in downtown Toronto are: Theatre District Condos, Concord Canada house, Theory Condos, Fleur Condos, Time and Space Condos, The One Condos, Nobu Residence, and YSL Residence, to name a few. As time goes by, more and more luxury condominiums are popping up in communities in downtown Toronto. Towers boasting stunning modern architecture dominate the city skyline in the form of prestigious neighborhoods that’s rival even the most high-end resorts and luxurious hotels.
Of course it’s no secret why many condominium developers today have their eyes set on downtown Toronto. Life in the vibrant hub places you at the center of everything; be it dining, shopping, art, entertainment, or recreation, some of the city’s finest destinations are located downtown. It’s home to Eaton Centre, which boast a plethora of retail brands, as well as Yonge/Dundas Square, Canada’s very own Times Square. For secondary and tertiary education options, the opportunities are also abundant in downtown Toronto. The world recognized Ryerson University is situated within the area, along with other quality institutions; like George Brown College and OCAD University. For healthcare, there are numerous quality medical facilities; such as Mt. Sinai Hospital, The Hospital for Sick Children, and Toronto General Hospital, which all offer immediate healthcare when needed.
There’s simply no place like downtown Toronto. It’s a place where you can live, work, and enjoy the finer things in life. Sure living in this highly coveted and sought after city won’t be cheap but for those who crave an exciting lifestyle, there is no greater home. Purchasing a home in downtown Toronto means being at the epicenter of a growing and dynamic real estate economy, you’ll feel lucky to call the city your home.