Parkdale is a happening part of ‘the six’ that is home to a diverse wealth of ethnicities, incomes brackets, and occupations. The eclectic, artsy, and entrepreneurial, makeup of this area of Toronto has attracted hoards of young professionals, and young families, looking for that ‘village vibe’ in the thick of the big city.
Around the early 1900s, Parkdale was a well-to-do suburb of Toronto that displayed an array of stately homes, mansions, and Victorian-era row housing. Construction of the Gardiner Expressway resulted in the demolition of many key parts of the neighbourhood and created a barrier between what was then considered Parkdale ‘territory’ and the north shores of Lake Ontario. Shortly after, many established and higher-income residents moved out of Parkdale and construction of apartment buildings replaced whole blocks of homes with towering, more modern, structures – once considered ‘architecturally innovative’ in the 1950s and early 1960s.
Yet as we are all familiar…history repeats itself. Today, Parkdale is one of Toronto’s most sought-after area’s of the city and higher-income households have become majority ‘stakeholders’ of some of Parkdale’s finest homes and lots. However, there are still a lot of rentals available, particularly seen in the division of larger, heritage, homes into smaller rental units. Millennials looking to escape the white picket fence nature of other outermost areas of the city have found a home in Parkdale’s culturally-rich, innovative, and off-beat nature. The combination of city grit with village charms is unique to the area. A part of ‘the six’ with real estate prices that continue to rise with perpetually increasing demand.
Parkdale is a place of tight-knit community and shop-local mentality. It is a neighbourhood that takes pride in its surroundings and is consistently on the cutting edge. Real estate in Parkdale is in high demand – click here to see properties for sale.