A few days ago we discussed how to spot an up-and-coming neighbourhood on the blog and it made me think about what neighbourhoods I think are really up-and-coming and where there seems to be small buzz brewing. I wanted to start in the west end of the city and discuss three neighbourhoods our clients have been talking about recently and where I feel you can get a good price in the current inflated Toronto Real Estate market. Here is my pick for three west end neighbourhoods that I predict prices are really going to increase over the next couple of years.
Kipling & Lakeshore
The south part of Lake Shore Blvd West has seen a dramatic price increase over the last few years because of its close proximity to the lake but the north side of Lake Shore has seen slower growth. Since it would be very hard to find a home under 700k now in the south part many buyer are becoming more attracted to the small bungalows on large lots that grace the north side. The average home is typically a two bedroom but the lots sizes are approx. 25 x 105 ft which gives you plenty of room to expand. We have already seen lots of builders taking advantage of the large lot sizes and building new homes. We currently have a great listing for sale on Sixteenth Street and the best part is there is no offer date!
St. Clair & Caledonia
Home to many bungalows and semi-detached homes, this pocket of the city just north of St. Clair Ave West has seen slower growth compared some other neighbourhoods but that his quickly changing. Walking distance to cafe’s, restaurants, TTC and the new Stockyards Mall there is a tonne of opportunity to renovate an older home or even buy a renovated home for under $600,000.
The Queensway & Islington
Just north of the The Queensway is the 'The Queenswa'y neighbourhood and there are many great opportunities here to buy a bungalow for a very reasonable price. Builders have been going in and snatching up the homes recently but the price point is still amazing compared to the homes just north in Norseman Heights neighbourhood or on the eastern side closer to Royal York. This neighbourhood is going to transform quickly and I can easily see it being a pocket where it would be hard to get a home under 1 million in the next couple of years.
If you are curious about any of these neighbourhoods and want to find out more contact us anytime.