Thorncliffe Park Property Management
Thorncliffe Park, located in central-east Toronto, and part of the former East York region has become a multicultural and diverse neighbourhood, home to thousands of residents from across the world.
Located on the banks of the Don River Valley, and bordering the E.T Seton Park, which is home to the Ontario Science Center, the neighbourhood has become a pleasant enclave of detached, semi-detached homes and ample apartment buildings.
The area caters to young families, and single professionals with a selection of shopping malls, schools, public parks, a library, and a popular community center.
The neighbourhood offers the perfect mix of suburban living, and city life, with an active business center and the well-known Overlea Mews Shopping District. From manmade attractions to vast green spaces, there’s a perfect blend of public amenities and recreational facilities for any person who recently started a new life in the city of Toronto.
Information on Thorncliffe Park Neighbourhood
Before getting what the neighbourhood has to offer, looking back at the history of Thorncliffe Park indicates that the first residents settled during the early 1800s. The area, which was then home to various farms, and rural dwellings would become a popular stopping point for merchants and other farmers on their way to the inner city.
During the 1900s a lot of development took place in the area, with a group of Baltimore-based developers buying up the land, operating a race track until 1952. It was around this time, and close to the start of the 1960s that the land was resold to Thorncliffe Park Ltd., and would later become amalgamated with five other neighbourhoods in 1998 which now makes up the City of Toronto,
Through its extensive history, the neighbourhood has remained a popular destination for many residents across Canada and from abroad.
With a wide variety of cultural influences, amenities and entertainment are endless to choose from. Featuring colorful restaurants, bars, coffee shops, local merchants, and big-box commercial stores, there’s nearly everything anyone would want in a neighbourhood.
Adjacent to the neighbourhood is Leaside, an upper market area, which borders the southern part of Thorncliffe at Leaside Park. In the middle of the neighbourhood sits the East York Hydro Green Space, a popular spot for locals over weekends, E.T. Seton Park, and the community gardens are filled with life during the warmer months with local markets and live events.
With an endless amount of experience, Thorncliffe has in more recent times become a popular site for developers and high-end real estate investors, as it offers an array of investment opportunities.
Although the area offers a lot to do, walking between destinations can be a bit trickier, as the area has an average walks score of 57.
Public transit is one of the main ways the nearly 20,000 residents get around the area, and to surrounding neighbourhoods. Bus lines 25, 56, 81, 88, and 925 are in service in the area, with bus stops all located along Thorncliffe Park Drive. Additionally, there’s also Subway Line 2 giving residents easier access to adjacent neighbourhoods and the inner city.
Thorncliffe Park has an average bike score of 56.
School District Ratings
Although the neighbourhood is considered to be more family-orientated, there are currently a select few public schools in the area, including Thorncliffe Park Public School and Fraser Mustard Early Learning Academy. The area has a school district rating of 7 when compared to the district situated around it.
Average Rent and Sale Prices
When renting an apartment in Thorncliffe Park, you’ll notice that some parts of the neighbourhood offer affordable studio and single bedroom apartments. The median monthly rent for a one-bedroom apartment is CAD 1,555 after a 2% annual decrease in the price.
Two-bedroom and three-bedroom apartments rent for CAD 1,949 and CAD 2,640, respectively. Thorncliffe is one of a few neighbourhoods in Toronto that has seen rental prices stagnate in recent years, with some even decreasing. This is due to the fact that a majority of residents are either working professionals looking to move closer to the city, or young families who want to live in bigger and detached homes.
On the other hand, purchasing a house is a lot more affordable, with the median selling price ranging between CAD 653,000 and CAD 700,000 for a semi-detached or detached house.
Investing in Thorncliffe Park
Property investors will be glad to know that there are various investment opportunities available, with most of the dwellings priced between CAD 600,000 and CAD 800,000. A majority of the homes available are condos or apartments, which are low-maintenance and budget-friendly.
In terms of commercial and retail spaces, there are some spaces currently available, and investors can look to pay between CAD 499,000 and upwards for any type of small to medium-sized retail outlet.
Buttonwood Property Management
Buttonwood has been part of the Thorncliffe Park community for quite some time, and in this time we have established a relationship with the locals to ensure that new and upcoming developments would be offered to the most suitable candidates. Buttonwood and private investors have managed to bring together a diverse community of Torontonian residents.
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