Where the smart money's heading
Where should the smart money go? Which areas represent the best return for your money? Where will your investment provide the best quality of life?
Mr. Lamb suggests two developing areas that are not yet gentrified and will prove a good investment.
One is the Riverside/Leslieville community, which is the hottest area in the city, with prices one-fifth to one-quarter of those for condos in the Waterfront, St. Lawrence Market and King Street West neighbourhoods.
The area from River Street east to Leslie Street, between Queen and Dundas streets, is extremely vibrant, with buildings being bought up and renovated.
Within this sector, Leslie and Broadview and Carlaw avenues would be great streets on which to buy, Mr. Lamb says.
Condo prices there are in the $200,000 to $400,000 range, although Mr. Lamb notes that some can be found for as little as $180,000.
The West Donlands, between Parliament and River streets, south of Queen down to the Gardiner Expressway, is another up-and-coming area that offers good value. Condos there will sell for $400 to $450 a square foot.
Mr. Lamb predicts that within the next two years, prices of condos along the Queen strip from Leslie to Dufferin Street will be all in sync at $500 to $600 a square foot.
read more from Globe& Mail article...here
photo taken at Queen and Coady in Leslieville
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