The Junction Property Management
Once a neighbourhood filled with rundown and abandoned factories, brawl-filled streets, and a prohibition that lasted until as late as 2000 – The Junction wasn’t considered your everyday area for young families and cosmopolitan professionals.
During the turn of the century, when the prohibition in The Junction was lifted, and the neighbourhood experienced a revival period, it soon became one of the most popular neighbourhoods in Toronto.
In 2019, Time Out Magazine named it one of the top 50 coolest neighbourhoods in the world.
From dirty and dingy to trendy and swanky, the tree-lined streets, contemporary art galleries, and endless breweries – The Junction is almost nothing like it was during the 20th century. While the bars, eateries, and local merchants have taken up space in old factories and mechanic workshops, young and jazzy residents now call this neighbourhood their home.
Information on Junction Neighbourhood
The start of The Junction came about when the Canadian Pacific Railway laid its tracks across the area, as the neighbourhood’s geography played a key role in its early development. While a great deal of effort was made to lay the foundation of this area, an industrial era kickstarted the growing demand for factories and mills within the city limits.
By 1904, the area was overrun by drunken railway and factory workers led residents to vote on a total ban of alcohol sales in the area which lasted until the late 1990s. It was only during the early parts of the 12th century when most of the factories and mills permanently closed, and the grittiness of the area was cleaned up that new life soon came to the streets of The Junction.
The area is now home to an array of bars and trendy eateries. A place where four railway lines meet and art galleries are located in large loft apartments. Beautiful parks are home to contemporary art projects orchestrated by the residents of the community, while some big box stores have recently started jumping up in the area.
Much of the architecture of the area has been preserved for modern use, with brick-faced apartments and houses. Multigenerational residents enjoy the local produce markets, and the streets are filled with colorful artworks painted across abandoned buildings.
A downtown area that offers both families and individuals easy access to the inner city and surrounding boroughs. Runnymede Park, Vine Parkette, and Malta Park allow residents to indulge in the area’s beauty, while shops and entertainment are plentiful across the area.
Locals who have taken up residency in The Junction have found that getting around by foot to be a lot easier. The average walk score for the neighbourhood is 81, with many shops and businesses closely located to residential homes and apartments.
Being at the center of where four main railway lines meet, there are plenty of public transportation options available in the area. Bus lines 26, 40, 41, and 941 are available, with most stations located in Dundas Street West and Runnymede Road.
Train Line UP and Subway 2 is available, with the Runnymede Subway station accessible via Bloor Street West.
Families and young individuals who would like to bike around their local neighbourhood will be happy to hear that The Junction is highly bikeable, with an average bike score of 81. Getting to and from shops is easy, and many of the local parks offer safe and secure bicycle parking.
School District Ratings
Local school ratings vary across the board, averaging between 5.8 and 8.4. There are currently four local schools available in the area. St. Cecilia Catholic School, Indian Road Crescent Public School, Annette Street Public School, and Lucy McCormick Sr. School.
Average Rent and Sale Prices
During the last few years, demand for housing in the area has immensely increased, with an annual 13% price increase of a one-bedroom apartment, starting at CAD 1,950 per month. A two-bedroom apartment or condo is closer to CAD 2,500 per month, while a larger three-bedroom apartment is set to cost around CAD 2,975 per month.
The average asking price for a detached house in 2021 was around CAD 1.61 million, with homes having an average of 8 days of market availability. Condos are seemingly affordable, costing around CAD 680,000.
Investing in Junction
Major new development features have been added to The Junction neighbourhood, allowing for great investment opportunities. New modern condos on Dundas Street are currently starting at CAD 500,000, while Junction House Condos, a pre-development investment, has condos selling for CAD 800,000.
Buttonwood Property Management
Whether it’s a brick-faced loft in an old mill, or perhaps a modern condo in the busy streets of The Junction, Buttonwood has years of experience in the area to ensure the perfect home will reach the right person.
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