Toronto’s Best Investment Areas for Families
Don’t be fooled by The Six’s huge towers, high-rises, and reputation as Canada’s de facto financial hub. Many of the city’s best neighbourhoods, ideal for raising a family, may be found within easy commuting distance of the central business district. Investors would do well to consider the needs of prospective tenants when evaluating a property. The astute investor may use this perspective to better cater to the demands of the families moving into their houses. In addition to some of the best universities and colleges in Canada, Toronto is home to several elementary and secondary schools located around the city.
In addition, there are often patches of greenery in these metropolitan settings, which are perfect for dogs and toddlers. They are also in close proximity to places suitable for families.We’ve compiled the Toronto communities we believe best position investors to attract the most Rockwellian of families from among the estimated 140 that may benefit an investment targeting families well. Canadian Real Estate Wealth has compiled a summary of the fundamental features, educational institutions, and demographics of each community that made our cut as being among the finest in Toronto, Ontario, for families. Keep in mind that there is no specific sequence to them.
Bedford Park
In the late 1890s, Bedford Park was a part of the City of North Toronto. Compared to the other megacity, Bedford Park is one of the few surviving areas where it is safe to stroll for at least 30 minutes in any direction. This neighbourhood and its environs have a long history of being considered safe and welcoming places to raise a family.
Since the end of World War II, this area has had a stellar reputation. One needs only take a drive through the neighbourhood to see that this is the case; the streets are lined with tiny homes, or “wartime,” so named because they predate the 1950s, the era in which the vast majority of Toronto’s dwellings were constructed.Bedford Park is home to some of the city’s best schools, which have been lauded for decades. The floral garden hidden behind John Locke Library is a great place to start exploring the beautiful park system. This route takes you on some of the best paths in the city out to Lake Ontario, a natural wonder. It’s the best vacation ever, but if you go any lower in latitude, you’ll be in the ocean.
The Beaches
The Beaches, or “The Beach” as the locals call it, is a popular vacation spot on Lake Ontario because of its four beaches of the same name. However, there are several reasons why this Toronto suburb is an excellent option for starting or expanding a family. To the south is Lake Ontario, while to the north is Coxwell Avenue and Victoria Park Avenue along Queen Street East. The Beaches, a neighbourhood in eastern Toronto just south of East York, is conveniently close to the downtown area. In around 20 minutes by automobile, or 45-55 minutes by rail or bus, residents may reach the heart of Toronto. There are several parks and paths in addition to the beaches, with Woodbine Beach being the most kid- and dog-friendly.
Queen Street East is a great place to take the kids because of the abundance of cafés and eateries along its length. There is a vibrant, multiethnic community in the area that hosts events like the Winter Stations Outdoor Art Show and a jazz festival in July. The latter is a great way to re-jam a family night together. While the music fills the night air, traffic on Queen Street is restricted to foot traffic only.
Danforth Village
Danforth Village is home to a large number of families due of its welcoming environment and proximity to excellent educational opportunities, green space, and retail options in Toronto. Students and young urban professionals alike might be seen living in the area. The latter is what sets this neighbourhood apart; not only is Danforth Avenue one of Toronto’s most popular shopping destinations, but it’s also often referred to as Greektown. Investors should know that there is a great selection of excellent restaurants, cafes, and supermarkets within walking distance of the property.
Families will find a lot to love at Danforth Village. The easygoing lifestyle and safe, tree-lined avenues make it ideal for families with young children. Danforth Village is not only a great place to shop because of all the great parks, schools, and other amenities it has to offer for families. Eleven public schools, including Chester Elementary, Westwood Middle, and East York Collegiate Institute, are located nearby.
Monarch Park is another neighbourhood highlight, and it has a top-notch leisure facilities complete with an ice rink, a kiddie pool, and an Olympic-size swimming pool. Many locals consider this to be the crown jewel of the area’s recreational facilities. If you’re a sports fan, you’ll be happy to know that Danforth Village is home to a public library, a gym, and a variety of playing fields.
Bloor West Village
Bloor West Village, or BWV as the locals call it, is a fantastic community with excellent housing, safety, shopping, health, and job opportunities. This pleasant area of west Toronto has a beautiful array of architectural styles. There are many friendly shops to peruse along Bloor Street West. The convenience of being near High Park, sometimes known as “Toronto’s Central Park,” makes it the best aspect of the neighbourhood.
The 400 acres of this public park are stunning. In the spring, when the cherry blossoms are in bloom, people from all over Toronto go to the tranquil area surrounding Grenadier Pond. The High Park Amphitheatre hosts Shakespeare in the Park, a not-to-be-missed event. It’s a popular spot for family picnics. Not only that, but nobody has ever seen Yogi Bear in Bloor West Village.
Conclusion
To sum up, it is clear that there is a wide variety of family-friendly housing alternatives in Toronto, or The Six, to use the term created by rap sensation and renowned Torontonian, Drake. Everywhere you look, from the centre of Downtown to the farthest edges, there is something to attract families. However, it is not always simple to discover family-friendly homes, which is why, as an investor looking to rent to families, it is important to know how and where to target such people.