The Lowdown on Riverside

Your Typical Neighbour

The bohemian nature of the neighbourhood is what drives the cool factor here. Young professionals and creative types intermingle with various immigrant cultures from diverse income classes.

What We

Amazing food, retail and culture right outside your door. And if you haven’t had the Coronary Burger at Dangerous Dan’s, you haven’t lived. Once you do, you may not for long!

What We Don't

While the commute to the downtown core is relatively short, the Don River CAN be a mental barrier to people who really should consider this neighbourhood. Riverside also has a somewhat grittier feel to it than neighbouring Leslieville.

While Riverside remains attractive in terms of real estate prices by overall Toronto standards, the gentrification and the resulting effect on the cost to live here is definitely starting to show. (You don’t get to live close to celebrity chef-owned restaurants for nothing after all.) Case in point: Ruby Watchco’s owner (and frequent staffer) culinary personality Lynn Crawford. Riverside is often lumped together with Leslieville, although Riverside tends to be a little more rough around the edges and can feel more urban...kind of Leslieville’s bad-boy brother. Despite having a number of historic buildings and a rapidly growing cool factor, home prices here compare attractively.

An easy commute to the financial core of the downtown also continues to drive demand here, and developers have taken note. Broadview Lofts was one of the earliest in the area, a beautiful example of classic hard loft conversion. Some newer buildings offer very attractively priced one and two bedroom units that are ideal options for first time buyers and young professionals who value the neighbourhood feeling minutes from work.

Most of the homes in the area are of a Victorian or Edwardian style. There are very few fully detached options in the area, and when they are offered for sale, their scarcity is reflected in the price. The older semi-detached and attached row houses that are more common, and can be quite narrow; to see examples of the classic victorian row house architecture of the neighbourhood, drive a few minutes north of Queen street along Degrassi. Note that these homes commonly lack off street parking, which can contribute to the relative affordability of this increasingly popular neighbourhood so close to the Downtown.

HOUSE STATS

2013 2014 2015
AVERAGE PRICE $656,572 $736,921 $786,427
PRICE: Low-High $405,000-$1,280,000 $359,000-$1,175,000 $307,000-$1,120,000
AVERAGE DAYS ON MARKET 15 12 11
# OF SALES 86 83 60

CONDO STATS

2013 2014 2015
AVERAGE PRICE $433,395 $497,918 $483,986
PRICE: Low-High $15,000-$763,000 $305,000-$661,000 $254,000-$816,000
AVERAGE DAYS ON MARKET 26 21 17
# OF SALES 101 16 80

Area: 10km

Population: 25,640

Demographics

Kids: 13%

Youth: 11%

Seniors: 11%

Visible Minority: 47.8%

Average Family Income: $75,333

Education

Lower Education: 44.7%

Higher Education: 6.4%

Home Ownership

Owned Homes: 51%

Tenanted Homes: 49%

Some great schools live here, including an aboriginal focused First Nations institution, and the SEED alternative school aimed at underperforming students who require an ‘outside the box’ learning environment.

ELEMENTARY SCHOOLS

Dundas Junior Public School

Streetcar options on Queen and Broadview anchor the transit options, alongside a strong walkability. Drivers have super easy access to the DVP and Gardiner.

About Riverside

Riverside is often referred to as Riverside/Leslieville. This is because the 2 neighbourhoods melt into one another. The streets that make up the Riverside area run from the Don Valley Expressway to Logan Avenue, and Gerrard Avenue to Eastern Avenue. This block of real estate has been snatched-up by savvy investors, families, and young professionals. Collectively, they seemed to understand that the east end of the city, although once dilapidated old, sometimes abandoned, buildings and businesses, was destined for greatness.

Walking down Queen street, from the Don Valley Expressway, you’re greeted with that palpable ‘east end vibe’…old buildings stand tall (but not too tall) with pride, showing off their raw and understated industrial charms to passers-by. Boutique windows are artistically crafted. Cafes are packed with eyes that peer over an illuminated ‘Apple’. Latte machines make whisking noises and writers, quietly, read (and reread) their prose. In cooler months, young families push strollers in well-heeled Frye boots and Nobis Jackets. Tired looking ‘hipsters’ line walkways, huddled to the side of a building, waiting in single file to get into the hottest brunch spots where pancakes are piled-high. It’s worth the wait.

The same can be said for this once predominantly working class neck of Toronto. The beautification of the area was spearheaded by the Riverside B.I.A. This has resulted in a preservation of all that’s good about Riverside’s past while embracing and adapting to pave way for a bright and prosperous future. This sweet, and charming, combination of old and new can be seen in the handful of local industrial loft conversions, new builds, modern renovations, and classic Victorian and Edwardian dwellings.

 


Send Me Riverside Listings

Send us a message below, call us at 416-274-2068 or text 416-827-0789.

  • This field is for validation purposes and should be left unchanged.