If you’re looking for a promising location to invest in Toronto, you have more choices than ever before. The city’s older and more neglected areas are transforming so fast that it’s often hard to keep up. Many industrial areas are being revitalized into hip, family-orientated hot spots, while secondary neighbourhoods that were once under the shadows of main hubs are finally taking center stage. If you’re looking for new up and coming neighbourhoods in Toronto, check out our top 5 list before everyone else catches on.
With the new Eglinton Crosstown development on its way, the areas of Weston and Mount Dennis will soon be on the list of the next up and coming neighbourhoods in the city. It’s slated to be the second-largest transit hub following Union Station and will be the furthest western terminal stop for the LRT.
You may not have heard much about this neighbourhood in the past, but Birch Cliff is starting to become one of the new areas on the top of homebuyers’ minds right now. Only minutes from the Beaches, this area is experiencing gentrification and redevelopment at an incredible rate. There are already four pre-construction projects underway, so we can expect new retail and more development to quickly follow.
This formally drab, outdated area is finally getting the facelift it needs with new development, retail, and green space that will quickly transform the area. Bloordale Village is becoming a hub for arts and entertainment and it’s already a mecca for diverse and affordable restaurant options. With a UP Express stop, the Bloor GO Train station, multiple subway stations, and access to the West Toronto Railpath, this is also one of the best neighbourhoods in the city for getting around.
Another hot neighbourhood is the Junction Triangle. Surrounded by railway lines, this west end area that used to be an industrial site is now more popular than ever. Featuring modern residences, offices, retail space, and a number of microbreweries, coffee shops, foodie spots, bakeries, and boutique shops – this area has been quickly transforming.
The family-centric area of Leslieville has been undergoing a big change over the past few years. New low and mid-rise condos are popping up all along Queen Street East, and trendy restaurants and shops are taking over Carlaw and Gerrard.
Whether you’re a developer looking to find an up and coming neighbourhood that offers a promising investment, a landlord looking to purchase property to rent in a popular hub, or a homebuyer seeking advice and mortgage services, our team at Medallion Capital Group can help. Learn more about our business or set up a meeting with our team to discuss your current needs.