The combination of city grit with village charms is unique to the area. Millennials looking to escape the white picket fence nature of other outermost areas of the city have found a home in Parkdale’s culturally-rich, innovative, and off-beat nature. However, there are still a lot of rentals available, particularly seen in the division of larger, heritage, homes into smaller rental units. Today, Parkdale is one of Toronto’s most sought-after area’s of the city and higher-income households have become majority ‘stakeholders’ of some of Parkdale’s finest homes and lots. Yet as we are all familiar…history repeats itself. Shortly after, many established and higher-income residents moved out of Parkdale and construction of apartment buildings replaced whole blocks of homes with towering, more modern, structures – once considered ‘architecturally innovative’ in the 1950s and early 1960s. Construction of the Gardiner Expressway resulted in the demolition of many key parts of the neighbourhood and created a barrier between what was then considered Parkdale ‘territory’ and the north shores of Lake Ontario. The eclectic, artsy, and entrepreneurial, makeup of this area of Toronto has attracted hoards of young professionals, and young families, looking for that ‘village vibe’ in the thick of the big city.Īround the early 1900s, Parkdale was a well-to-do suburb of Toronto that displayed an array of stately homes, mansions, and Victorian-era row housing. Parkdale is a happening part of ‘the six’ that is home to a diverse wealth of ethnicities, incomes brackets, and occupations. Welcome to Toronto’s Parkdale neighbourhood. Interestingly, current zoning bylaws seem to favour a return to single family dwellings, information that will be valuable to those interested in a Parkdale Purchase.
It’s one of the few places in the city that TRREB reported as having a lower average price for a fully detached home in 2012 as compared to a semi. The neighbourhood has a local library and three (count ’em THREE) community centres that serve local residents. Gentrification has been slower here as a result of the lower income-suited properties, and this has been a benefit to a buyer willing to forego move-in ready in favour of attainability and longer term potential. The influence of numerous apartment buildings, in combination with the many large multi-unit and group homes has left Parkdale as one of the last holdouts for undervalued properties in the city. While townhouses and condos do exist here, you have to look hard to find them. If you are a prospective buyer here, a house (as opposed to a condo) is likely what you’re looking for as most of the apartment stock in the area is exclusively rental.
#Parkdale toronto melinda windows#
Potential windows on the east wall of the proposed Commerce Court in such close proximity to 48 Yonge will lead to privacy concerns.Character and mature trees are a hallmark of this aged Toronto neighbourhood. The Commerce Court site is located immediately to the west of our client's site at 48 Yonge and is separated from 48 Yonge by a substandard City-owned public lane having an approximate width of only 3.0m. Furthermore, any approval will negatively impact redevelopment opportunities for the intensification of 48 Yonge. To proceed with this single application represents a lost opportunity to plan and intensify this important block on a comprehensive basis. Our client has substantial concerns regarding the proposed Commerce Court redevelopment.
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