Bounded by the Don River Valley to the west, Sammon Avenue to the north, Jones Avenue and Donlands Avenue to the east, and Gerrard Street to the south, Riverdale is one of East End Toronto’s oldest and most established communities.
While the Toronto Real Estate Board recently broke the area into North Riverdale and South Riverdale, most Realtors still consider it as 'Riverdale' north of Gerrard and 'Leslieville' to the South. Regardless of the boundary lines, both owners and visitors enjoy the local chef-run restaurants, expansive parks, and beautiful Victorian and Edwardian homes.
Most of the Riverdale homes were built between 1900 and the 1920's. For the most part they are two and three-story semi-detached Victorian style homes with a smattering of detached and row houses included. It really wasn't a very popular place to live until the 1980’s, when the artistic and literary community 'discovered' Riverdale. The renovators arrived shortly after, and the rest is history.
What’s Hot in Riverdale Toronto Real Estate
Homes that are closest to Withrow Park are very much in demand. Withrow has become a social focal point for neighbours, local dog owners of every stripe, and tennis players. That said, just about anything that's an easy walk to the Danforth (and the subway) or well-renovated is in extremely high demand. The same can be said about any home that falls within the Jackman School catchment. Expect to pay the price if you want to live here.
What's 'More' affordable in Riverdale Toronto Homes
Generally speaking, the further you go from the Danforth, whether north or south, the lower the cost. The same is true about going east, away from downtown. Buying on the fringe, closer to Mortimer, Gerrard, or Jones will usually save you some money. The tradeoff? A few minutes walk to the subway and restaurants.
What if You Think You Can’t Afford a Riverdale Toronto Home?
You might call it 'South Riverdale', and I might call it 'Leslieville', but we're talking about the same place. Especially the southwest corner, known as Riverside, is ramping up with affordable new homes and condos coming to market in a big way.
Further up along Gerrard Sreet East, East Chinatown still offers bargains for home buyers. While a bit gritty and less gentrified, great values can still be found if you don’t mind a fixer upper.
And don't forget Danforth Village, which may be undervalued, as bidding wars drive prices up in the 'demand' areas nearby.
There's virtually no vacant land left for developers. That can mean only one thing. Riverdale Condos! Sooner or later a developer will piece together a couple of parcels of land and ... voila! I'll keep you posted as soon as I get the word on upcoming developments.
North Riverdale attracts many professionals, families and move-up buyers. Activity centers around Danforth Avenue (Greektown) and its many well established shops and restaurants, bustling at all times of the day and, in the summer, well into the night. Opa!
Riverdale’s prime shopping and dining can be found on its main thoroughfares - the Danforth is home to great clothing, furniture and accessories shops along with dozens of cafes, restaurants and bistros, many with a decidedly Greek influence.
Riverdale denizens can take in the sun or a stroll or take part in activities in a couple of landmark parks:
North Riverdale Schools include:
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Riverdale offers a wide range of homes for all income brackets, tree-lined streets, vibrant shopping districts, good schools and a thriving arts community. Add easy access to the Danforth, transit, Downtown Toronto, parks and community centres and it’s no wonder that this community is a popular choice for buyers who want to move up.
I have lived in the east end for 25 years and have helped others make it their home for almost as long. To find your perfect home, please contact me so that we can discuss the best options and solutions for you.
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