Bay Street Corridor Toronto Real Estate and Homes for Sale

Bay Street Corridor - Downtown 

Bay Street Corridor is in the heart of Toronto’s Financial District. Occupying a north-to-south stretch of the city. This densely populated neighbourhood extends from Bloor street in the north to Front Street in the south and from Yonge Street in the east to Simcoe Street, University Avenue and Queen's Park Crescent in the west.

•   AgeNewer
•   Area Core
•   AmenitiesEaton Centre
•   Commute7 mins DT
•   IncomeLower Mid

| BAY STREET CORRIDOR REAL ESTATE - TORONTO

Bay Street Corridor Real Estate Overview

Surrounding communities might be of interest as well:

• GRANGE PARK
• UNIVERSITY
• YORKVILLE

Exceptionally well-located, the Bay Street Corridor is near to practically everything including Toronto City Hall, University of Toronto, Ryerson University and The Discovery and Hospital Districts, which are home to several research institutions and hospitals.

The Bay Street Corridor real estate market offers up many different options is generously endowed with alternative transport solutions as well. While 13 bus lines ply the area, there are streetcar lines along College, Dundas and Queen Streets. Plus, the Bloor subway line and the University and Yonge subway lines pass through this neighbourhood with stations located at convenient points, and the area boasts 14 Zipcar shares as well.

From eclectic shopping to upscale restaurants, this bustling urban terrain has a plethora of amenities and conveniences, which is why residents love calling it home.

Who Lives In The Bay Street Corridor

Thanks to its proximity to the Financial District, which is within walking distance from the neighbourhood, a majority of the population in the Bay Street Corridor are young professionals, and 43% of the residents are in the age group 30 to 54 years. Investors also make up a considerable percentage of this ethnically diverse population.

Singles constitute the largest demographic in the community at 52%, followed by couples at 34%. While resident families, which make up 14% of the residents, have one child on average, there is a sizeable proportion of younger children in the community compared to older kids. The average household income is just above $92,000 per year, the ratio of women to men is about equal, and the top three spoken languages in the community are English, Chinese, and Mandarin.

Bay Street Corridor Homes are Perfect For

Since the Bay Street Corridor is so well-positioned, it is the ideal real estate investment for homeowners who want to be close to the city centre. With a large working population who benefit from the excellent connectivity the area affords, the affluent neighbourhood is hard to beat in terms of convenience.

Plus, with a high turnover of renters in the area, investors consider the community a good opportunity whether they choose to live here or not.

Bay Street Corridor Homes Are Not So Perfect For

Though seniors previously made up a more significant percentage of the demographic, since the area has blossomed into a throbbing hub of modern urbanization, over the years, their numbers have steadily dwindled.

Plus, for outdoor enthusiasts and nature lovers who are looking to invest in real estate with expansive green spaces, this concrete jungle isn’t the right place. Families too might prefer a more peaceful and child-friendly community setting in which to bring up their children.

Life and Style, Amenities and Things To Do In Bay Street Corridor

Though Bay Street was once a lacklustre place after working hours, today the area has been transformed into a bustling neighbourhood that boasts a vibrant nightlife. From shopping and dining to recreational activities, the residents enjoy many conveniences and amenities right outside their door.

Yonge Street is home to many multi-cuisine restaurants and retail stores. From Paramount Middle Eastern Kitchen, Eggspectation and Nando’s Bay Street to Copper Branch, South St. Burger and Miku Toronto - there is an endless list of eateries that cater to a variety of palates.

Among the plethora of shopping centres, some of the most popular destinations are the CF Toronto Eaton Centre, Yorkdale Shopping Centre, Trump Tower, Commercial Court, Royal Bank Plaza, Manulife Centre, First Canadian Place, Scotia Tower, CF Fairview Mall, Nathan Phillips Square and Yonge & Dundas Square. A significant number of these venues are well-connected, thanks to Toronto’s underground PATH retail concourse.

The neighbourhood also boasts a range of museums and art galleries, including Royal Ontario Museum, Toronto Police Museum and Discovery Centre, Hockey Hall of Fame, the Crescent Hill Gallery, the Art Gallery of Ontario and Gallery Arcturus.

Queen’s Park, situated just off the University Avenue, provides some great relief to this pulsating urban jungle. With towering trees that provide dappled shade during the summer, the park is a popular walker, jogger and biker destination when the weather is good. Plus, the YMCA, which houses a swimming pool and gymnasium, is a favourite hangout for fitness buffs.

Golf aficionados have an excellent choice of plush courses to choose from, including the Oakdale Golf & Country Club, Don Valley Gold Course and Scarlett Woods Golf Course, among others, and they are all situated about 20 to 30 minutes away from Bay Street.

The education needs of the children in the area are met by Crescent Town Elementary School, Bennington Heights Elementary School and Annette Street Junior and Senior Public School. For parents interested in a Catholic education system, Saint Cecilia Catholic Elementary School provides an enriching learning environment. In addition, St.Jospeh’s College Secondary School, Inglenook Community School, Canada Music Academy and York Memorial Collegiate Institute are just some of the well-established institutions that are within easy reach.

Bay Street Corridor Real Estate Market

Over the years, rapid urban development has transformed the community into one of Toronto’s prime real estate locations, because there are several Bay Street Corridor condominiums for sale in the community.

Since the neighbourhood is nestled in a busy downtown district, Bay Street Corridor real estate is comparatively less and primarily constituting apartments and condos. But there are a few townhouses and homes that are tucked away into the smaller side streets as well.

While many of the condos have been constructed in the last 20 years, a majority of these have come up only within the last decade. And many of these buildings contain luxury homes, which boast features like 24-hour concierge and recreational amenities. Renters constitute a large percentage of the demographic at 66%, and the remaining 34% are homeowners who reside in the neighbourhood.

Investors consider the Bay Street Corridor as one of the best real estate investments in the city. With an average house price close to $920,000 as per the Housing Market Report for June 2019, homeowners have steadily seen their investments grow over the years as the area has blossomed into the bustling hub it is today.

With further development in the pipeline, including 15 new high-rise projects, out of which 13 are condo developments and the remaining are apartment buildings, the median sale price of land in the area is predicted to increase significantly.

So, whether you are on the lookout for a condo that is in the heart of the dynamic financial district or if you on the search for a solid investment opportunity that will appreciate considerably, the Bay Street Corridor real estate market is where the money's at.

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