Those interested in buying a condo in Toronto are fortunate to choose from a wide selection scattered all over the city. The more challenging part is deciding in which neighborhood to buy a condo.
One of the areas that are constantly in high demand is Midtown Toronto. It is a great cluster of neighborhoods situated among Toronto’s downtown core and North Toronto. Best of all, condos in Midtown Toronto are a mix of boutique, low-rise, and high-rise buildings as there is no shortage of selection for even the fussiest condo buyers.
But the thing with Midtown Toronto is that it is not just one neighborhood but a cluster of communities. The neighborhoods there are all great, without exception, but they are not the same. Sometimes there are subtle differences between the Midtown neighborhoods. Other times their differences are far from subtle.
The Midtown Toronto neighborhoods that we are about to present to you are considered the two best in this area. They are best in terms of living and can yield the best returns from the point of view of an investor.
Forest Hill is a family-friendly community split into Forest Hill South and Forest Hill North. The common nominator for both communities within this neighborhood is the luxury properties placed on huge lots. The entire neighborhood has that suburban feel, while downtown is just a stone’s throw away. Besides the detached single-family homes and stone mansions, there is a pretty good selection of low-rise condos in Forest Hill. There is a great selection of luxury condos buildings situated on Lonsdale Road, somewhat west of Spadina. Schools are pretty great, that includes both the private and the local public ones.
There is also no shortage of eateries and coffee shops and green spaces. Almost all the yards are professionally landscaped, which speaks volumes that this is a neighborhood with high-income residents. In terms of connectivity, St. Clair Avenue has a streetcar that runs through the neighborhood and reaches the Yonge-University Spadina Subway. Spadina Road is a major transit route that connects the neighborhood with the rest of the city. Getting out and in the neighborhood is a by all accounts, a breeze.
All in all, its proximity to the downtown, all the green spaces, and the impeccable surrounding infrastructure make Forest Hill one of the most in-demand neighborhoods in Toronto. Condo prices are a bit on the higher end, but the average buyers are families with more than solid incomes.
There are a lot of parallels that can be drawn between Forest Hill and Lawrence Park. These are high-end neighborhoods populated mainly by high-income families. The green spaces are abundant, schools are great, and so on. There is a good selection of condos in Lawrence Park in almost all types of floor plans. Alexander Muir Memorial Gardens is the most popular park in the area, frequently visited by the locals that love to hang out there.
Connectivity wide, Younge Street, and Bayview nicely link up with Highway 401. Then there is the Lawrence Subway Station situated at the corner of Lawrence and Yonge. One can find bus street routes along Lawrence Avenue, Bayview Avenue, Mount Pleasant Road, and Yonge Street. So, getting in and out of Lawrence Park is pretty straightforward and easy.
The demand for condos is driven by well-standing families and professionals that appreciate the small-town vibe. This is a big part of the charm of this neighborhood. At the same time, Lawrence Park offers all the amenities for urban and modern living. That also adds up nicely to its appeal.
Considering that the pandemic is losing its grip and with the economy recovering, the condo market is on track to bounce up from its current position. The only thing remaining a mystery is to what extent the condo market will grow.