Your Neighbourhood – Entertainment District
We hear about it on the news, all the partiers reveling and exiting the bars in the area and wonder, what kind of neighbourhood is it really? Well, it hasn’t stopped the developers from going into that community to build! Why? Simple, it’s not about the Entertainment District so much as it is about culture and location. Culture includes those nightclubs but it also includes other places of more refined culture such as the Four Seasons Center for the Performing Arts, Roy Thompson Hall, The Princess of Wales Theatre, and all the great restaurants along King St. West. Let’s not forget the sporting venues like the Rogers Center and the ACC!
There is another thing that is overlooked in this area, it’s proximity to the downtown business core. There seems to be an invisible line down the center of University Ave. that separates the two communities, while one has a reputation of being wild and crazy, the other has the opposite attraction, just business. The real deal is that the people who live on the west side of University are also crossing the street to work in the big towers. For them, they have the best of both worlds, walk to work, minimal commute time, and no need to drive after a few drinks.
Now, we’re seeing prestige enter the hood with new ultra-luxury projects like Ritz-Carleton and Living Shangri-la, which is going to be one of the most impressive new buildings to grace the Toronto skyline!
Think about this, if you own a relatively new condo in that area in the middle price range, a few years from now, when you find yourself nestled among the extreme wealth of ultra luxury condo owners and high end world travelers, the value of the little one bedroom suite that you bought is going to leap. Think of how Yorkville has been transformed from a hippie-den in the 60’s to what it is today? Property values there are astronomical, and why? Because the area has neat little boutiques, like Queens St. West does, great restaurants, like King St. West does, big luxury hotel chains such as Four Seasons…get the picture?
There is inventory on the market in the Entertainment District, and it’s going to be very valuable very soon! It takes some balance of pro’s and con’s but in the end it’s about the investment, and the future of the neighbourhood.
