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East Bayfront Condos
East Bayfront Neighbourhood
East Bayfront is a neighbourhood that consists of 55 ares on Toronto's waterfront. It's bordered by Jarvis Street and the Jarvis slip to the west, the Gardiner Expressway to the north, Parliament Street to the east and Lake Ontario to the south.
East Bayfront is a mixed-use neighbourhood where you'll find offices, shops, public spaces and, increasingly, a number of modern condominium buildings that showcase stunning views of the lake. A waterfront promenade connects the area with downtown Toronto and provides a sunny path popular with rollerbladers, dog walkers and joggers.
East Bayfront is on track to increase significantly in density, with several large-scale mixed-use projects under construction. This will involve an additional 6,000 residential units, including 1,200 affordable homes. It also includes a major arts-and-culture-focused development that features office space for arts organizations, as well as teaching facilities for both OCAD University and George Brown College, along with a mixed-use waterfront development that will make room to support over 2,000 jobs. There will be 3 million square feet of commercial space too, which will add approximately 8,000 jobs to the area.
Overall, the neighbourhood is expected to build three-million square feet of commercial space to attract new employers and corporate investors.
Commuting here is easy, thanks to a variety of public transit options. Bus service runs along Sherbourne and and Parliament, connecting you directly with the subway's line 2, while the recently expanded Queen Quay streetcar takes you right into Union Station.
The area continues to see exciting revitalizations that will brand it as a world-class destination. Recently Sidewalk Labs, a Google-affiliated company, announced it had chosen East Bayfront as the location for its new technology-based neighbourhood. Deemed "Quayside," this 12-acre stretch will feature residential homes, offices, cultural spaces and a new street network, all based on cutting-edge technology.
Some of the features planned for this world-renowned project include self-driving taxis, robotic waste-removal vehicles, modular housing and weather mitigation features, including the possibility of heated surfaces. This unique project has the potential to brand the neighbourhood as a truly world-class technology hub.
Innovations aside, 32 percent of residents here are homeowners, while 68 percent are renters, making it a great location to consider for an income property.
The continued redevelopment of the area has the potential to accommodate up to 8,000 employees, while the rapidly densifying residential component has brought in an entirely new population of urban dwellers. New parks, improved streetscapes and retail-oriented pedestrian breezeways are shaping it into a self-sufficient community where your day-to-day needs are at your fingertips.
This is an ideal location for young professionals and executives who work in the downtown core and love the idea of coming home to a vibrant waterfront culture. It's a dynamic neighbourhood designed for life, work and play, while being poised for even more growth.
Why not consider it for your next real estate investment?
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