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Oakwood Village Condos
Oakwood Village Neighbourhood
Oakwood Village is an ethnically-diverse community located in midtown Toronto whose central position and abundance of public transportation options have made it a popular neighbourhood. Bordered by Eglinton Avenue West to the north, Dufferin Street to the west, Winona Drive to the east and St. Clair Avenue to the south, this rectangularly-shaped area is a working-class community that is proud and full of resiliency.
As part of several successful revitalization initiatives to reinvigorate their neighbourhood, this creative-minded community hosts a summer arts festival every year. As well, this community is home to many of its own public art installations that include a community garden mosaic and a traffic island-located 4.88-metre-high steel palm tree to represent the strong roots put down by its residents.
This area has traditionally favoured a preference for single-detached homes over and condominiums, which make up just 1 percent of all occupied dwellings in the vicinity; 83 percent of residents here live in ground-related housing compared to the 17 percent that live in apartments that rise above 5 storeys.
While this signifies a real estate market where intensive residential development has a long way to go, this area has already seen a fast influx of condominiums introduced along its busy St. Clair Avenue West corridor. 53 percent of residents own their own homes in this neighbourhood, the same as the city average.
Also referred to as “Oakwood-Vaughan” and “Five Points” for its unique northerly convergence of traffic arteries, this neighbourhood primarily consists of working class families. This area has a median household income of $58,216. Nearly half (46 percent) of this community’s 21,073 residents are between 25-54 years of age, and families with children make up the majority of households, making up 44 percent of area homes.
With a northern border that abuts Little Jamaica, this community features a wide range of ethnicities that include Portuguese, Italian, Spanish, Filipino, and Greek.
This neighbourhood’s major retail areas can be found along its busiest traffic conduits, those being Eglinton Avenue West and St. Clair Avenue West at its northern and southern borders. Immensely walkable, these bustling thoroughfares are filled with retail stores and eating establishments as well as municipal services such as local branches of the public library. These same streets also lead to adjoining midtown neighbourhoods like Corso Italia and Upper Village, other distinctive communities that make up the vibrant fabric of Toronto living.
As a place that began as a streetcar suburb, Oakwood Village still remains well-connected to the rest of the city with its many transportation option. Although its Rogers Road line has long been discontinued, this neighbourhood’s St. Clair Avenue streetcar still remains an important public transportation connection after 100 years while also being served by the area’s numerous bus routes, some of which provide 24-hour service.
And even though this neighbourhood does not contain any stations within its jurisdiction, locals have fast access to nearby subway stops such as St Clair West, St Clair, Ossington, Dufferin, and Eglinton West.
The area’s already convenient transit service is set to expand immeasurably when the 19-kilometre-long Line 5 Eglinton Crosstown LRT begins operating in 2021. When complete, the new public express line is expected to make two local stops, Oakwood (Oakwood Avenue) and Fairbank (Dufferin Street).
With fast access to Highway 401 via the entrance to Allen Road located just outside its northeastern corner, this area proves to be very accommodating for local motorists.
As a strong community, this area is full of schools to cater to local families. Schools located in Oakwood Village include Vaughan Road Academy, Rawlinson Community School, JR Wilcox Community School, and Fairbank Public School. Not only that, childcare for this area can be found at places like the Harmony Childcare Centre.
Another advantage to this area is that there’s no shortage when it comes to parks. Oakwood Village is home to ample green space that includes Roseneath Park, Charles Breton Park, Graham Park, Laughlin Park, Senator Peter Bosa Parkette and Fairbank Memorial Park, the neighbourhood’s largest greenspace and home to a swimming pool and community centre.
Owing to its strong sense of community pride and distinctive character, this neighbourhood is destined to become very popular among new homeowners and real estate investors.