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Yonge-Bay Corridor
Continuing our 2026 newsletter series featuring Toronto Life Magazine’s “Twelve Neighbourhoods Destined for Great Things”, we’re highlighting another area they believe is poised for above-average growth based on transit, housing stock and overall desirability.
Next up, Yonge-Bay Corridor
Despite Toronto being a world-class metropolitan, there are still sections of our downtown core that are underdeveloped, including the 9km stretch of land between Front and Bloor called the Yonge-Bay Corridor. It is still surprising to see open parking lots and low-rise small businesses along this strip, a tell-tale sign of future development sites. Sharing space between commercial occupants and office towers have been a handful of residential buildings, many of them built back in the 1990s. Some of the newer buildings are popular for student rentals; on-campus options for Toronto Metropolitan University and University of Toronto are so limited that students seek off-campus rentals in the local neighbourhood as an alternative.
However the next 5 years is going to see a massive revamp for residential housing, including an overhaul of the former Greyhound bus station into 2 towers, purpose-built rental units, mixed-use towers combining convenient retail and food spaces with a condo living lifestyle. Investors and end-users will appreciate the 100 walk score and 100 transit score the area provides, with virtually everything within steps of your front door, including medical clinics, personal care services, groceries, shopping, dining, cafes, entertainment and more.
Ideal For: Those who value a short commute to work, especially along Hospital Row or the Financial District. Anyone with kids potentially attending post-secondary school downtown should be looking at investing in one of the many condos struggling to sell right now in this area!
Notable 2025 Sale Spotlight:
311 Bay St. #3801 | 2 bed, 3 bath condo | Sold for $1,950,000 | C9362772
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