Danforth Village (also called Danforth Mosaic and East Danforth) can be described in two, simple words: Value and Convenience.
The neighbourhood was named one of Toronto’s top five up-and-coming neighbourhoods in 2010 by the Globe and Mail. Sure enough, increasing numbers of buyers find it's tough to get better value in East End Toronto than this vibrant, multi-cultural neighbourhood.
I'm only surprised it has taken this long for Danforth Real Estate to catch on. Most of this community is less than a 15 minute walk to the subway, and from there it is a 15 minute breeze to Bay street. And that's just 'Reason #6' of 'The Top 10 Reasons to Buy a Home in Danforth East'. It doesn't get any better than this for commuting.
If you are already familiar with the best east end communities, you know this is pretty much the final frontier for 'affordable' housing. When you look at the current Danforth Village Listings you will see right away that homes are quite a bit cheaper than comparable homes in Leslieville, Riverdale or The Beaches. That won't last forever, but for now it is an excellent location for first time buyers.
Danforth Village is going through a renaissance of renovations and new condo development – a sure sign of increasing market demand.
The Pricey Side of Danforth Village
Everything north or south of The Danforth, less than a 15 minute walk to a subway station, will be more in demand. That means south of Mortimer (Sammon if you're slow) and north of the tracks. Generally speaking, Danforth Village homes are more expensive the closer you are to Greektown (downtown).
The More Affordable Side of Danforth Village
Once you are east of Woodbine, prices drop a bit as you approach Main Street. East of Main, prices drop again, but it's a different neighbourhood. If you search All East End Toronto Listings Under 450K, you'll notice that the majority of these listings are east of Main Street.
Search east of Main Street as far as Victoria Park. You'll find something. It's only a matter of time before that section evolves as well.
The truth is, when you are on a tight budget, it's 'price' that will determine what neighbourhood you live in. You can find out where you can afford to buy just by creating a broad search for All East End Toronto Homes. Put in your maximum purchase price, then look at the map to see where the listings are situated. Most will be somewhere in the Danforth Village, East Danforth area.
Danforth Village is rich in diversity, and it is establishing its identity as a mosaic of many cultures. Residents of this friendly community are proud homeowners who are eager to improve their properties and support local businesses.
The convenience of being close The Beach, Greektown, and downtown makes it a great place for couples who don't have a car, or only have one car. Getting to any of these places takes approximately 15 minutes by subway or bus.
Around Danforth Village
Ok, this isn't Yorkville. But everything you need is within easy walking distance: Sobey’s, Metro, Valu-Mart, Canadian Tire and all the shops at Shoppers World Danforth as well as streetfront bargain and discount stores, beauty salons, home decor shops and ethnic restaurants galore. And you can always take the subway to Yorkville if you really need to.
The local Danforth Village Business Improvement Associations (BIA) represent hardworking owner/operators who are working to revitalize the street scene. It's a big job covering a big area. Support them, and be patient. It's coming.
If you look at the Woodbine and Danforth area as an example, you will see excellent growth in a short period of time. They now have cozy cafe's, restaurants, and markets. Better Bulk, The Twelth Fret, Wag, and deSerres Art Supplies are a few of the community favorites!
One of the unique aspects of Danforth Village is the East Lynn Park Farmer’s market, open every Thursday afternoon from May to October. Here you can buy locally grown fruit, vegetables, cheeses, baked goods and more. Music, special events and children’s activities make this a popular seasonal attraction for the community.
Eating out in Danforth Village
There are some really great restaurants popping up in the area. Some of those that have been around for years are:
Monarch Park, East Lynn Park and Dentonia Park are the largest wide open green spaces, offering baseball diamonds and soccer pitches. There is an outdoor pool at Monarch Park, and a myriad of small green pockets and playgrounds dot every few blocks.
Local Community centres are well equipped and well patronized, and they run inexpensive programs for all ages and interests.
Think Condos! Within the city limits there is no more vacant land, so developers can only build UP. Carmelina Condos are the most recent addition to the streetscape. At 2055 and 2057 Danforth Avenue (at Woodbine) there will be a new mixed-use building 12 stories high that will contain 141 residential dwelling units and ground floor commercial units.
Danforth Village home prices are expected to increase steadily over the next decade as the area continues to develop and become even more attractive to home buyers who are priced out of adjacent neighbourhoods.
Danforth Village real estate is attractive and it is only going to get better. It appeals to first time buyers, some new Canadians, families and young professionals. It's mostly about the combination of safe streets, terrific home prices and the convenience of both the TTC’s Danforth subway line and major traffic routes.
Find the Perfect Home in Toronto's Danforth Village Community
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