The Lowdown on Dovercourt Park

Your Typical Neighbour

Young families with an income below the Toronto average. Chances are about 50/50 that you have more neighbours than you’d expect in the divided house next to you.

What We

Momentum. Retail is improving, leaseholds are getting facelifts and even the Dufferin Station bus platform just got a makeover. A glance over at a decades worth of changes to Dufferin Mall or Galleria Shopping centre inform us that there is still more improvement to come here.

What We Don't

The lower income apartment buildings aren’t going away anytime soon. They are, of course necessary (and are the reason there is so much excellent recreational programming), but there’s no denying they create downward pressure on property value.

Most of the Single family dwelling stock that lives here was built between 1900 and 1925. The nature of the demographic here led to a good majority of these Edwardian style homes being converted into multi unit buildings by investors who saw opportunity in renting multiple smaller spaces. More recently these homes are being returned to single-family dwellings, as the area has grown in popularity in recent years spurred on relatively affordable purchase prices compared to some of the more popular southerly neighbourhoods. Clean streetscapes lined with mature trees and above-average neighbourhood curb appeal are changing the demographic searching here more recently as well.

There is irony in the slow and steady gentrification here. Most of the buildings along the Bloor street stretch are two and three story mixed use commercial and residential buildings that see storefronts on the street with office or more likely residential space above. These buildings are some of the oldest in the area, and often in varying levels of disrepair. There are also a number of low and mid-rise apartment buildings in the area that are rental-focused and address the lower and middle income housing need that is strong here.

At writing, we found only TWO listings that actually fall within the borders of this neighbourhood. (Four if we blur the lines just a touch). Two of them represent listings aimed specifically at investors, or the aforementioned opportunity to return to single-family dwelling. This suggests that the long-term opportunities for growth have been discovered here, as investors and end users alike look to this convenient spot for a place to lay some financial roots.

The bottom line? Dovercourt and neighbouring Wallace-Emerson represent the most affordable stretch along the subway anywhere close to downtown. Look east, west and south and from almost every direction there is price pressure moving this way - just look at what’s happened to formerly scruffy Junction Triangle in recent years.

HOUSE STATS

2013 2014 2015
AVERAGE PRICE $670,182 $726,731 $784,534
PRICE: Low-High $470,000-$1,100,000 $465,100-$1,120,000 $500,000-$1,201,000
AVERAGE DAYS ON MARKET 17 14 12
# OF SALES 67 67 67

CONDO STATS

2013 2014 2015
AVERAGE PRICE $644,271 $689,450 $1,495,000
PRICE: Low-High $349,000-$999,000 $549,000-$829,900 $1,495,000-$1,495,000
AVERAGE DAYS ON MARKET 57 62 14
# OF SALES 7 2 1

Area: 4km

Population: 34,635

Demographics

Kids: 13%

Youth: 13%

Seniors: 12%

Visible Minority: 37.1%

Average Family Income: $60,650

Education

Lower Education: 37.5%

Higher Education: *61%

Home Ownership

Owned Homes: 53%

Tenanted Homes: 47%

While the majority of the local schools fall just outside the actual borders of the neighbourhood, there are many nearby.

ELEMENTARY SCHOOLS

Dovercourt Public School
St. Anthony Catholic School

Subways and blue light Bus lines cross the city on Bloor at all hours of the day. Dufferin is a direct route South to the highway or North towards midtown.

About Dovercourt Park

Strolling down residential streets in Dovercourt Park it’s amazing to think that they were once farmers fields. The landed gentry of the area, the Denison family, rented out plots of land to farmers in the 1800s. The area was named after their clan’s estate ‘Dover Court’ and later (many years later) annexed by the city of York and then the City of Toronto. But if history bores you, let’s talk about what makes it so special today.

Today, DoverCourt Park gets high marks for its variety of residential housing, local green space, proximity to public transit, and tight-knit community. Housing options in the area range from traditional brick detached, and semi detached, to modern builds, and even a few fancy church-loft conversions. Droves of young professionals and new families have flocked to this area of the city giving it a family-friendly feel. The local Dovercourt Boys and Girls Club, provides after-school programming for kids and a social outlet for neighbouring parents to get to know one another. And, just a short and easy stroll along side streets takes residents to the Bloor subway line, that whisks passengers between Ossington and Yonge stations.

Reflecting the increased prosperity of the area, nearby startup businesses – restaurants, cafes, pubs, boutiques – have been flourishing. Favourites among the Dovercourt Community include (but are sure as ‘heck’ not limited to): Campo, Field Trip Cafe, Nazareth Restaurant, The Hogtown Vegan, Village Pizza, Pam’s Caribbean Kitchen, and Pause Beauty Boutique.

We can no longer describe Dovercourt Park as an area that is merely ‘up-and-coming’. This is a pocket of Toronto real estate that has seen a rise in popularity that now positions it as a highly in-demand fraction of Toronto’s real estate market. And, it is clear to see why.


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