The Lowdown on Niagara

Your Typical Neighbour

Likely a young professional or couple who bond with other pet parents a couple of times a day at the well-used dog park. Potentially a business-savvy dog walker who wants to live close to their market! Young professionals that may work in Liberty Village or the heart of King West but may want a slightly more residential hood.

What We

Lots of positive changes showing themselves along King Street west of Bathurst. Newer dining and café offerings have recently opened to much fanfare, and it’s likely that more are on the way with increased demand.

What We Don't

Now that we can’t lean on the smell of swine here anymore, we’d have to say that some of the townhome and condo designs in the neighbourhood are just plain boring. Plus, by the time the 504 King Streetcar gets here during rush hour it’s already slammed.

The early 2000’s marked a change in this neighbourhood where focus was placed on the creation of residential opportunity over the expansion of business. There is a long history of residential use for the area, when the growth of local industry in the 1850’s demanded housing for workers holding the local jobs. Though the nature of the work has changed, the very local expansion of condo offerings is a result of more or less the same demand.

Crowded commercial space in nearby Liberty Village to the west and Wellington St. have led to a spillover, if you will, of short commute-loving professionals who appreciate the strong sense of community that exists here. There are some unique homes on the side streets of this neighbourhood, and some gorgeous condo and loft spaces that have been built both as conversions (Massey Harris Lofts, Gotham Lofts) as well as new construction. Now that the Toronto’s last operating abattoir has finally closed (locals are still rejoicing in the swiftly dissipating swine scent) we suspect that there remains a smidge of development left still in this little pocket.

Condo units make up the majority of the rotating inventory in this area, and they come in a broad range of sizes and price range. From time to time some spectacular units overlooking the park show themselves, and they offer some roomy floor plans and a luxurious feel at a fraction of the price of an equivalent luxury building further toward the core. If you’re insistent on snagging a rarely offered home in this neighbourhood, be ready to pounce when one shows itself.

HOUSE STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $766,630 $884,586 $920,305 $1,167,724 $1,275,065
PRICE: Low-High $501,000-$1,356,100 $635,000-$1,680,000 $465,000-$1,674,580 $573,350-$2,456,000 $840,000-$3,000,000
AVERAGE DAYS ON MARKET 16 10 13 19 20
# OF SALES 39 25 37 34 31

CONDO STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $446,848 $453,545 $443,651 $489,247 $626,353
PRICE: Low-High $201,000-$1,477,750 $215,000-$1,505,000 $22,000-$2,850,000 $34,900-$2,700,379 $54,900-$3,410,000
AVERAGE DAYS ON MARKET 23 23 20 17 14
# OF SALES 277 323 365 410 363

Area: 3km

Population: 21,000

Demographics

Kids: 6%

Youth: 8%

Seniors: 5%

Visible Minority: 32.9%

Average Family Income: $91,767

Education

Lower Education: 26.5%

Higher Education: 16.2%

Home Ownership

Owned Homes: 51%

Tenanted Homes: 49%

There are a small handful. That is to say there are a couple, but not a few. Solid reputations go along with what IS there.

ELEMENTARY SCHOOLS

Niagara Street Junior Public School

SECONDARY SCHOOLS

St. Mary's Catholic Secondary School

King, Queen and Bathurst Streets are served well by multiple (albeit often crowded) streetcars.

About Niagara

Niagara sits west of Downtown West and is aptly named. Niagara street runs, more or less, right through the centre of the neighbourhood – between Queen and Wellington – and is a nod to the former military capital of Upper Canada. In terms of geography, Niagara shares the Bathurst border of Toronto’s bustling and super-trendy Fashion District, touches on the vibrancy of Queen Street (north), Shaw Street (west) and Wellington (south). It is an eclectic mix of residential, commercial, and industrial, space.

In recent years the area has seen a decrease in industrial use as more homes and new builds have become the focus. Most of the former industrial area has been replaced with contemporary condo developments and townhouses. Residents have convenient access to major roads and public transportation and are also beautifully situated close to running routes, parks (Stanley Park), pubs, and grocers. In warmer temperatures, locals are lucky enough to also be a arm’s reach to Toronto’s historic Fort York. There, many music festivals and concerts are thrown every summer attracting some of the best social events of the season.

 

Niagara is also becoming more of a family friendly neighbourhood. Residents who moved from smaller condos, say for example in Liberty Village, to larger spaces ended up finding innovative ways to make their new spaces work for a growing family. Local schools such as St.Mary Catholic School and Niagara Street Junior Public School, offer education for children from kindergarten to grade 8. While, proximity to some of Toronto’s most culturally rich areas of the city provide excellent opportunities for family adventures, lunches, and walks. Niagara is an area of the city that continues to evolve, grow, and mature with its increasing population.


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