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South Core Condos
South Core Neighbourhood
South Core is a thriving neighbourhood located in the core of downtown Toronto. This neighbourhood is bordered between Front Street to the north, Queens Quay to the south, Lower Jarvis Street to the east and Lower Simcoe to the west.
It is located by Toronto’s scenic waterfront and is perfectly situated between the Entertainment District and Financial District. This neighbourhood has been given the nickname SoCo and has been classified as a mini Manhattan known for its corporate offices and lively entertainment. Today, South Core is considered one of the fastest growing neighbourhoods in the city.
SoCo is undergoing a massive transformation with the development of new high-rises coming to the area. There are also proposals to build corporate towers here as well, making this location a prime spot to live, work and play. SoCo is a part of many neighbourhoods that make up the waterfront’s urban centre including East Bayfront, the Port Lands and Quayside. The waterfront, which incorporates all of these neighbourhoods will also undergo a major transformation.
The waterfront has the largest parcel of underutilized land in North America and real-estate developers are starting to see the potential of building in this area. This transformation will work off of Waterfront Toronto’s vision to build a community that connects residents to transit, local amenities and employment opportunities. Additionally, this area is expected to serve the ever-growing tech industry of the city.
Investors will start to see many real-estate developers and large corporations acquiring land along Queens Quay with plans to build master-planned communities and office buildings. The Waterfront is expecting to see 40,000 new residents migrating to the area and 40,000 new jobs to accompany the increasing population.
As the area is being developed, it is currently home to many corporate giants including Telus, PwC, SNC-Lavalin, National Bank and RBC. Residents will enjoy the incredible local amenities the neighbourhood as to offer and the world-class public transit that serves the area. Union Station is directly to the north of the neighbourhood, connecting commuters to the TTC subway’s Yonge-University line and many GO Trains that will take commuters in and out of the city.
This growing neighbourhood has changed immensely from when it was first developed. South Core’s history dates as far back as the 1800’s. The neighbourhood was originally used for industrial sites and transportation, this is largely due to the railways located close by and Lake Ontario where ships would come in transporting goods.
For years the area has had underutilized lands and now major developers including Menkes Developments, Pinnacle International and Fernbrook Homes are building here.
This area has many post-secondary schools nearby including OCAD University’s Waterfront location and CMU College of Makeup Arts and Design. Additionally, Ryerson University and the University of Toronto is a quick 15 minute streetcar ride away. Considering that South Core is an extension of some of the city’s hottest neighbourhoods, there are a plethora of local amenities within walking distance including restaurants, retail, entertainment and nightlife.
The area is also connected to Toronto’s PATH System, the largest underground shopping complex in the world, spanning over 30 kilometres and offering hundreds of shops, services and entertainment as well as connecting pedestrians to transit lines, major neighbourhoods and corporations in the city. We can only expect to see this neighbourhood flourish in the coming years.
South Core’s neighbourhood is well-served with public transit. Union Station is only mere steps away, the largest intermodal transportation hub in the city. Commuters will be able to access the subway line from here or multiple GO Trains taking commuters as far south as Niagara Falls and as far north as Barrie. The area is also expecting the future Waterfront LRT to pass through here. The Waterfront LRT will span 11 kilometres taking commuters from Long Branch in Etobicoke to Union Station. Along this corridor, commuters will be able to connect to many transit lines including the TTC subway’s Line 1: Yonge-University, Line 2: Bloor-Danforth and the future Line 5: Eglinton Crosstown, as well as future light rail transit lines that are currently in the works. Drivers can easily access this neighbourhood as the Gardiner Expressway runs through it.
Investors are encouraged to look at the pre-construction developments coming to this neighbourhood as it will soon transform into a commercial and residential hub with entertainment and world-class public transit at your fingertips.