Downsview is an area in the north end of Toronto in the district of North York. It is among one of Toronto's largest neighbourhoods, bordered by Allen Road to the east, Lawrence Avenue West to the south, Highway 400 to the west and Sheppard Avenue to the north. Multiple residential streets back onto greenbelts and parkland, resulting in many of the homes in the area being custom constructed so they can take advantage of their lush surroundings.
It is a comparatively young neighbourhood, with 85% of residents being below the age of 65, which includes the numerous children under the age of 14. Young families with children are the most common household in this region. The average after-tax household income is $53,367, and the current population is 34,659, although this number is expected to quickly rise due to the construction of new condo developments.
The neighbourhood is largely populated by detached houses, accounting for 49% of sales, accompanied by condo townhouses at 17% and townhomes at 12%. Bungalow houses are the most common trend and the majority of properties have three bedrooms. The average price in the area over the past year was $655,074, an increase of 16% over the same period. The common freehold price over the past year was $781.816 as compared to the average cost of condos at $361,435.
There are many services in this community. There are private and public schools, playgrounds, shops, restaurants (which tend to be fairly priced), libraries, community centres, and the Downsview Arena. There is also ample green space with the most notable examples being Chalkfarm Park and Downsview Dell. There is also the Oakdale Golf and Country Club. This is a 27 hole course that was awarded the Private Club of the Year in 2015.
Motorists can get downtown easily by driving down either Bathurst Street or Dufferin Street. The Ontario 401 Expressway is also preeminently accessible from this neighbourhood with numerous on-ramps lining the southern side of the area. TTC buses rush along Lawrence Avenue West, Wilson Avenue, and Sheppard Avenue West. Commuters can take these routes to connect to the Yonge/University subway line, while the routes along Dufferin, Keele and Jane Streets connect to the Bloor/Danforth subway line. It should also be noted that many of these routes are available 24 hours a day.
The neighbourhood has enormous plans to allow its community to thrive in the 21st century. One of these plans is the extension of the Yonge/University subway line that will add six new stops, ultimately ending its route in the City of Vaughan. Another exciting part of this community's evolution is allowing the Humber River Hospital to flourish with new the help of new innovations. This hospital, that has 656 beds and 13,000 yearly visitors, will implement a new Command Centre. This revolutionary approach to medicine is analogous to putting an air traffic control centre in a hospital. This will allow the hospital's different faculties to communicate with each other and coordinate a more efficient health care facility. It's no wonder Downsview's popularity is growing, it's an exciting place that's being propelled into the future.
Downsview Park, is presently undergoing a massive revitalization. One of the most important real estate projects ever, the master plan consists of the introduction of a new revitalized parkland, educational institutions, commercial offices, and new low-rise to mid-rise residential condominium buildings.
This neighbourhood is still fairly inexpensive, but that is going to change. Housing prices are below average for both buyers and renters, however rental costs can be slightly higher closer to Downsview subway station. If you are looking for a great deal, jump on the opportunity to purchase or invest in this emerging community, it will be a choice you won't regret.
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