Toronto has one of Canada’s most competitive property markets, with an exceptional and sustained demand for luxury residences over the years. In fact, the typical detached home price recently surpassed a staggering $1,500,000. So, whether you want to be near the vibrant downtown or prefer a more suburban vibe, there are many options to pick from when not an issue. Read on as this post explores some of the best neighborhoods to invest in Toronto luxury real estate.
Yorkville, one of Toronto’s trendiest and liveliest neighborhoods, offers a diverse range of high-end condominiums and lavish mansions to rich homebuyers. This neighborhood also features commercial office skyscrapers, flagship fashion boutiques, art galleries, stylish restaurants, and 5-star hotels.
The residential enclave of Yorkville includes one-of-a-kind detached homes and mansions, most featuring Victorian architecture that embodies Toronto’s culture and heritage. This highly sought-after neighborhood has become a haven for local and foreign real estate investors, thanks to its prestigious address.
Brimming with natural beauty, old historical residences, and well-maintained lots, Rosedale is home to Toronto’s most prominent residents. The neighborhood is renowned for its dense tree foliage, low traffic, and winding streets, and is one of the oldest suburbs in the Greater Toronto area.
Rosedale primarily comprises single-family homes with a nice blend of semi-detached and detached homes. The most popular home styles include Victorian, Edwardian, Tudor, and Georgian. If you prefer apartments, Toronto real estate agent Joshua Bennett can help you find some beautiful condos for sale, especially on Dale St.
- Forest Hill
Forest Hills is a posh neighborhood situated northwest of Yorkville. This neighborhood is divided into the Northern and Southern sections.
The Southern section offers rich homebuyers neo-traditional stone and brick mansions along with beautiful tree-lined streets. On the other hand, the Northern section features slightly more modest houses.
Forest Hill is also a popular location for premium condominium complexes. Most of these buildings are on Lonsdale Road and Heath Street. It is also a great neighborhood to live with family, thanks to its excellent school district featuring some of the best private schools in Canada, including The Bishop Strachan School and Upper Canada College.
- Hoggs Hollow
Hoggs Hollow, situated a block north of Florence Park, offers residents a gorgeous and tranquil setting filled with greenery, and charming trails. Homes in this neighborhood are built on large lots, some of which back up to the river or the lovely Jolly Miller Park grounds.
While the dominant architectural style is Victorian, there are also Tudor, Colonia, and Cottage-style housing alternatives. Potential homeowners in this area will have access to a posh lifestyle in a bustling, well-organized community.
- The Bridle Path
Often known as “Millionaires Row,” The Bridle Path features some of the most iconic and largest luxury homes for sale in Toronto. Celebrities like Drake, Celine Dion, and wealthy businessmen, engineers, top lawyers, and doctors, have properties in this area.
The Bridle Path is located just 30 minutes from downtown Toronto and bordered by the Don River Valley and gorgeous parklands. This upscale neighborhood has a rich history and distinctive architectural style, packed with multi-million-dollar residences.
Explore Toronto Luxury Real Estate with Joshua Bennett
Toronto is a nice place to live in for many reasons. The stunning waterfront views and parks, and proximity to some of the best restaurants and entertainment spots, make it an attractive area for real estate investors. If you wish to explore the many homes for sale in Toronto, contact Joshua Bennett. Joshua Bennett will help you find the perfect luxury home in a neighborhood that fits your preferences and desired lifestyle. Get started today on your journey to luxury home ownership!