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Kensington Market Condos
Kensington Market Neighbourhood
Kensington Market Neighbourhood is so much more than just a neighbourhood in Downtown Toronto, this is one of the most iconic landmarks in all of Canada. It is one of the most visited parts of the city, and it is filled with all sorts of shopping, cafes, restaurants, and bars. There’s no doubt that this is one of the most fun places to visit in the GTA, and now there are fantastic opportunities coming to the surrounding region.
In recent years, this part of town has seen increased development of condos, and it can been seen in the total home sales over last year. Condos accounted for 54% of total sales last year, and that is followed by semi-detached and townhouses with 15% each, and other homes at 8%.
The average home price over the past year was $836,184, and this can be divided up to an average condo price of $661,440, compared to an average freehold home price of $1,067,556.
This is one of the most undeniably charming locations in the city, and it’s because of a culmination of so many different things. When looking at the character of Kensington Market, you need to take a gander at its history.
It was largely shaped by the cultures of new immigrants who kept finding themselves here. It was first used as a marketplace during the early 20th century. This was when it was known as the Jewish Market, and was regarded as one of the poorest parts of town. After the Second World War, many of the Jewish families moved throughout the city, and the area saw an influx of immigrants from Central and South America. Since then, the neighbourhood has also seen considerable injections of Somalian, Ethiopian, Sudanese, Iranian, Vietnamese, and Chilean immigrants.
These diverse groups of people from all over the world have greatly contributed to the character of this iconic neighbourhood.
It is a perfect microcosm for a city whose motto is “Diversity our Strength.” This is why the neighbourhood has such a unique character. It feels like you can get anything you’re looking for when you’re here, including clothes, trinkets, food and more!
This distinct background has also resulted in one of the best food scenes in the city. There are so many choices when you enter the Market, that you’re going to have trouble picking a place! Everything, including burgers, sushi, mexican, vegetarian, and even a Krispy Kreme can all be found here.
There is also great public transit in the neighbourhood. Its eastern border is Spadina Avenue, and there are multiple streetcar lines that serve this street. The same can be said about the northern border of College Street, as well as the southern street of Dundas Street West. There are two nearby subway stations in Queen’s Park and St. Patrick Stations, both of which are on the Yonge-University Line. This means that you can easily travel throughout the city - near or far.
The culture is palpable here, and having bands or DJs playing music outside in the middle of the day is a regular sight. There are also colourful graffiti paintings throughout the community, but if you’re in the mood for the fine arts, the Art Gallery of Ontario is right around the corner. Another artistic landmark close by is the Graffiti Alley, which has also become a local tourist attraction.
If all this wasn’t enough, this is also the site for the Toronto Western Hospital. This is a University Hospital, so that means that you can be reassured for you and your family if you’re buying a home in this neighbourhood. It also presents a tremendous opportunity for investors because these student doctors haven’t cashed in yet, so they’re going to want somewhere to rent, and preferably close by so they don’t have to travel far after their long shifts.
There is a certain bohemian charm in this neighbourhood that’s been largely lost in the other parts of Downtown Toronto. This area is filled with vibrant and lively activity, so you’ll feel energized every time you step on to the streets. Opportunities are rare in this iconic part of town, so you better register now so you don’t miss out on any amazing chances to own here.