Toronto continues to be one of the most desired cities to live in, and potential homeowners searching through available properties often have a difficult time navigating what is available in the city and which areas offer the best bang for their buck. While it is tough to go wrong when it comes to buying real estate in Toronto, here is the inside scoop on some of the hottest neighborhoods that are worth taking a look at.

Mimico

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Stretching from Islington Avenue to the Humber river, this waterfront neighbourhood sits right on the lake. It offers beautiful scenery and generous yards that are often difficult to find in some other parts of Toronto. The neighbourhood has a quant, small town feel but offers easy access to all of the big city conveniences. Homes here range from custom built million dollar estates along the water to smaller bungalows and cottages in the heart of Mimico. Homeowners here have continued to see a steady rise in their property values making this a great area to invest in if you are looking to build a home or renovate in Toronto.

East End Danforth

The boundaries of East End Danforth include the area from Woodbine Avenue to Victoria Park Avenue and Doncaster Avenue to Kingston Road. This popular neighbourhood offers a trendy urban feel mixed with all of the family friendly appeal that homeowners are looking for. Renovating homes in East End Danforth is popular with a great blend of million dollar homes, more modest semi-detached properties and co-ops available. Average prices climbed to just under $500,000 in 2011, and future increases are anticipated.

Wallace-Emerson

This area is proof positive of the difference that members of a community can make. Once considered a seedy and often bypassed part of town, Wallace-Emerson is now an up-and-coming area with galleries, restaurants, vintage shops and beautiful cafes. Homes here average around $432,000 and include new townhouses and condos. There are still sections of this town undergoing urban renewal, and real estate here is prime for large-scale home renovations or complete tear downs in order to build custom homes.

Blake-Jones

Boasting only a fifteen minute commute to downtown Toronto, Blake-Jones is a prime location for buying new or building a custom home. Bordered by railway tracks and the Greenwood TTC yard, this neighbourhood offers a village-like appeal where everyone knows their neighbour by name. Average prices in this area increased by more than $100,000 in a 2 year period of time further proving that this is a desirable part of town to call home.

Corktownbuying property in toronto

A place that was once undesirable and sometimes dangerous is now being revamped into a trendy community with some of the best condo and loft living available in Toronto. Corktown home prices are around $550 per square-foot making this one of the least expensive areas to live in Toronto. With only a 20 minute walk to Bay Street, Corktown attracts young professionals who are eager to purchase newer condos or lofts and renovate them to make them their own.

Christie Pits

With green spaces that were once overrun by crime, Christie Pits has recently seen great improvements thanks to a dedicated group of neighbours. Today, this area is cleaned up, and families with toddlers now lay claim to the parks. Christie Pits offers single family homes for just under $625,000, close proximity to area transit and a friendly atmosphere that attracts young families and professionals alike.

Alair Homes Toronto works with clients to renovate homes in many popular Toronto neighbourhoods and build custom homes that perfectly match our customers’ visions. We offer a better construction experience and seasoned design and construction professionals who are local to Toronto and know these neighbourhoods. Complete transparency is another important element in all of the work that we complete, and our customers maintain control over their projects as a result of our exceptional communication practices. If you are looking to buy or build in any of the Toronto suburbs, call us first to receive a free, no obligation consultation and valuable information that will help you to make an educated decision.