Toronto is a big metropolitan city, and that’s why hundreds and thousands of people come here to start a new living. There are many locations within the city that are considered luxurious due to many factors. The location of any building or neighborhood makes it prestigious. Apart from the downtown and the business district, which are expensive in any city, the Toronto waterfront is perhaps the most expensive city location.
From towering skyscrapers to lavish shopping malls, and from high-end condos to state-of-the-art penthouses, the Toronto waterfront is a dream come true for anyone looking for a great place to live. Think about what you need in terms of lavish living, and you will find the exact real estate or property with every feature you can think of.
The top 3 reasons for getting a place to live near Toronto Waterfront are as follows.
- A Prestigious Address because of the Serene Location
One of the most beloved locations, the waterfront is spread over an area of 46 kilometers from the mouth of Etobicoke Creek to the Rogue River. Right from the west of Toronto, which is the start of the waterfront from Lake Ontario’s shores, it travels right through the southern parts and onto inland areas near the eastern parts.
Like the areas near the sea in any city, the lakefront is also termed a prestigious one because of the open air and other facilities. Away from the city’s hustle and bustle, people looking for a peaceful environment, no place can serve the purpose better. Think about the city of Chicago in Illinois, USA. It is also located along the shores of Lake Michigan, and the entire waterfront area is of great importance, both in terms of economic and residential.
A prestigious locality, most of the waterfront area along Toronto is developed and has some of the most scenic views of Lake Michigan. Think about where you want to live, and the options are plenty for anyone. While most of the locations along the waterfront are expensive, this doesn’t mean that there is a dearth of a condo for a reasonable price. You can easily get such a place as there are projects which offer condos, flats, and lofts for a low price.
- Lots of Attractions in the Form of Natural Beauty
The entire waterfront area is full of great attractions for the general public, and some are exclusively for the owners of a particular project. For example, the Toronto Islands are a chain of 15 small islands near Lake Ontario’s shores. The waterfront offers mesmerizing views of the islands with swimming beaches, sports facilities, picnic places, gardens, etc.
All the islands are considered prestigious and are a great recreational destination for everyone from ages 8 to 80. There are exclusive yacht clubs too, which are available only for the members and are a great attraction.
- A Bright Future for the Investors
There is every reason to believe that most of the stretch of 46 kilometers will only increase in value in terms of real estate. This is a great location to invest in with great restaurants for everyone. Even if you are a first-time investor or a seasoned professional in the field, you can get the best result. For short-term investors, the result may not be that spectacular, but this is akin to a goldmine for long-term investors.
But investment in real estate is prone to many risks. There can be a scenario where the prices can fall sharply. The current scenario is a classic example as in uncertain times; the price of real estate can nosedive pretty quickly. If you have made a sound decision in any of the waterfront projects, be patient as the prices will rebound after some time.
Over to you
As an international center of business, art, and culture, Toronto is a great city to live in, and the waterfront area is the icing on the cake.
If you think that you can add your bit here or want to ask a question, you are more than welcome. For any feedback too, please use the comments section below.