There has always been speculations of what the next up and coming area in Toronto will be and with homesales prices being cooled off it's always best to know which area will represent the best return for your money.


If finances are a key factor, 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.

Condo prices there are in the $200,000 to $400,000 range, although 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.

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.

Sections of Richmond, Adelaide and Kings streets between Parliament and Sherbourne will also become a great places to live. Prices, however, are slightly higher than in the Leslieville neighbourhood because land closer to Yonge Street is more expensive.


Before you buy it's always good to do your own research

http://www.torontolife.com/features/next-hot-neighbourhood/?pageno=1