Davisville Condos

Davisville Neighbourhood

The savvy investor should be keeping their eyes on the Davisville neighbourhood because it’s set to become one of the most sought after regions in Toronto. Sometimes it feels as though all of the best neighbourhoods have been identified in the downtown core, but the neighbourhood is still filled with potential.

It’s surrounded by multiple commercial thoroughfares, public transit options, and charming tree lined streets that are sure to attract residents and investors from all over the city.

It’s bordered by Eglinton Avenue East to the north, Bayview Avenue to the east, Mt Pleasant Cemetery to the south, and Yonge Street to the west. At one time this neighbourhood was mostly known for its swathes of low-rise houses, but more condos are coming to the area. 59% of total home sales over the past year were for condos, while detached homes only accounted for 21%. The average price over that time was $959,446, which can be dissected into an average freehold price of $1,598,659 and an average condo price of $667,276, which is significantly higher than the municipal average.

This is a fairly affluent part of town, with the average household income being $99,328 and an average rental rate of $2,329. It’s easy to see why so many people are attracted to the area. With Yonge Street as its western border, it has two subway stations for residents to use.

Davisville Station and Eglinton Station are both part of Line 1 Yonge-University, which loops around the Financial District in the south. This gives condos in the region direct access to one of the most important employment hubs in the city. This side of Line 1 also reaches up to North York Centre, putting another employment centre within reach

Investors should be particularly excited about Eglinton Station because it's set to become one of the most crucial stations in the Toronto subway system. The Eglinton Crosstown LRT is coming to the city soon, and it’s set to transform the entire Midtown and Davisville, is no exception. It’s going to connect Mt. Dennis Station in the west together with Kennedy in the east, we’re expecting that it will be a major catalyst to the development and investment across the entire Eglinton corridor.

Located at the future apex of two transit lines, this is one of the most promising neighbourhoods for investment in the entire GTA. The new Crosstown line will make it easy to travel across Midtown, and it’s also going to transform Eglinton Station into one of the most important transit hubs in the city. The new Mt Pleasant Station will be located on Davisville’s northern border, making it even easier to travel throughout the community. It also opens the door to a hidden treasure trove of local businesses. This is one of the best places in the city in which to invest, so connect with us today to discover what you can find in the area.