The Lowdown on Waterfront Communities C01

Your Typical Neighbour

This is mainly a community of young professionals who place a high value on living where they work and play. Rarely a spot where families decide to live, you’ll mostly find couples and singles living here. Adjacent to the Financial District, it’s very convenient for those working office jobs in banking, finance, law, marketing or tech industries, as they can easily walk to work (no need to pay for a car or parking!) 

What We

This area has so many great neighbourhoods all combined into one! Here you’ll find the Fashion district, Entertainment district, King West, and the most recently developed CityPlace -- the “largest master-planned community in Toronto.” In Waterfront Communities C01, convenience is key. Almost everything you could need is within a 5-10 minute walk. You don't need to get behind a wheel to run errands, meet up with friends for a drink, or go to the gym. Don’t feel like cooking dinner? There are hundreds of options for take out or delivery. It's fun, upbeat and there is always something going on. All you need to do is walk out your front door. If you’re looking for “downtown living,” this is one of the best neighbourhoods to be in!  

What We Don't

Greenspace is limited (or anything green for that matter), so safe to say it’s not an ideal location for dog owners. Even still, there are quite a few furry friends to be found here. Also, if you're looking for a peaceful place to put down roots...this hood is not for you. There is a calmness on Saturday and Sunday morning where all you’ll see are eager and early morning fitness enthusiasts...but it’s a bustling and vibrant community at all other hours. 

Property Statistics in Waterfront Communities C01

Condos - Statistics

Q1 2020

$861,977

Average Price

838

New Listings

492

Properties Sold

18

Average Days on Market

102.1 %

% of Asking Price

$424,092,898

$ Volume of Sales

Source: TREB Statistics

Waterfront Communities C01 is a mix of residential, office and commercial spaces. In this neighbourhood you’ll find one of the best selections of condos in the city. There are numerous conversion and purpose-built lofts, 2-storey options, mid-rise boutique buildings, high-rise tech-forward towers and townhomes for those looking for just a little more space. If you take a stroll down Draper street or Clarence square, you’ll also see a charming collection of historical row homes.  

Much of the housing stock is made up of condos between 400 and 800 sq feet, ideal for first-time buyers who don’t yet have kids. There are very few family-sized units in existence, but the city is trying to change this with their TOCore Plan. The plan mandates 40% of new units in larger developments must have 2 or more bedrooms, with further stipulations that 15% of those 2 bedrooms must be at least 936 square feet and 10% must be 3 bedroom units at least 1,076 square feet. 

A large percentage of condos located here are investor-owned which means in some buildings, upwards of 50% of residents are tenants.Demand steadily outpaces supply here. It’s commonplace for properties to be sold in bidding wars in a matter of days. You’ll also pay a premium to live in this centrally located and uber convenient hood. Average prices are higher here than most Toronto neighbourhoods. Check out our interactive map to get a sense of current Toronto real estate prices by neighbourhood.

Area:

Population: 65,913

Demographics

Kids: 6%

Youth: 12%

Seniors: 7%

Visible Minority: 44.1%

Average Family Income: $108,199

Education

Lower Education: 12%

Higher Education: 86%

Home Ownership

Owned Homes: 41%

Tenanted Homes: 59%

About Waterfront Communities C01

Waterfront Communities C01 is a lively community. It is boarded by Bathurst to the West, Queen Street to the north, Lake Ontario to the south and University Street to the east (until it runs south and loops down and around to Yonge street). 

Home to the Fashion and Entertainment Districts, you’ll find upscale restaurants, nightclubs, and iconic spots like the Rogers Centre, Scotiabank Area and Tiff Bell Lightbox (aka the hub for all things Toronto International Film Festival). It’s easy to spot the CN Tower no matter where you’re located. In the mood for shopping? One of the city’s trendiest destinations — the shops along Queen West — are right at your doorstep. 

Residents who are lucky enough to call this community home won’t need a car. It’s a very walkable hood and there are numerous transportation options. It’s a short walk to St. Andrew and Osgoode subway stations on the Yonge-University line. You can also travel North/South on the Bathurst or Spadina streetcars. Going  East/West? Take the Queen streetcar, or even better, the King streetcar route which is now more viable since a pilot project was made permanent in 2019: road traffic was significantly decreased as cars are no longer permitted to travel through this stretch of King Street at all; they are forced to turn right at each traffic light. If you are planning a weekend road trip out of the city, use the Spadina on-ramp to get straight on the Gardiner and go where you need to go. We can’t forget the sidewalks… a main transit artery for this neighbourhood, which also makes it easy to spot the tourists. Residents are master speed walkers, racing home after a long work day, and it’s a funny contrast to the often lost “905ers,” trying to make their way down to a Blue Jays game or a show at the Royal Alexandra Theatre.  

Grocery shopping options are endless. In addition to your typical Loblaws, CityMart…or high-end Fresh and Wild grocer, you’ll find almost anything you could need at Chinatown or in Kensington Market. If you prefer farm-fresh in the middle of the city – no problem! There is a farmer’s market in David Pecaut Square on Thursdays (during the warmer months), called Indulge. It often has live music too. 

For those with active lifestyles, you’d be hard-pressed to find a better selection of amenities. There is something for everyone and the big international brands have even set up shop here. You can try: Barry’s Bootcamp, SpinCo, GoodLife, yoga and pilates studios, Barre classes…there is even a meditation center. 

Dog owners who live here can be found at Victoria Memorial Square or Clarence Square. Fido can roam free in the latter with its designated off-leash area. There is also Canoe Landing Park (in CityPlace)  — a large open greenspace with walking paths and sports fields. 

 


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