New Condos in Roncesvalles –Toronto

1. Affordability and budget considerations:

The real estate market in Roncesvalles is highly competitive, with limited inventory driving up prices. As such, it’s important to consider affordability and budget when buying or investing in property in the neighbourhood. Buyers should determine their budget and financing options before beginning their search for a property in Roncesvalles.

In addition to the purchase price of a property, buyers should also consider the ongoing costs associated with owning a home in the neighbourhood. This may include property taxes, maintenance costs, and utility bills.

2. Type of property and investment goals:

Buyers and investors in Roncesvalles should also consider the type of property they are interested in and their investment goals. Historic homes are highly sought after in the neighbourhood, offering unique charm and character. Condos and townhouses are also popular, offering more affordable options.

Investors should consider their investment goals, such as long-term rental income or short-term gains through resale. They should also consider the potential for appreciation in the neighbourhood and the rental rates for similar properties.

3. Local zoning and regulations:

When buying or investing in property in Roncesvalles, it’s important to consider local zoning and regulations. These may impact the type of property you can purchase or the modifications you can make to a property. Buyers should familiarize themselves with local zoning regulations and building codes before purchasing a property.

4. Neighbourhood trends and future developments:

Finally, buyers and investors should consider neighborhood trends and future developments in Roncesvalles. This can impact the potential for appreciation in the neighborhood and the demand for different types of properties. For example, if there are plans for new commercial developments in the area, this may increase the demand for condos and townhouses.

Additionally, buyers and investors should consider the neighborhood’s reputation and desirability, which can impact the potential for appreciation and rental rates. Roncesvalles is known for its charm, community events, and green spaces, making it a highly desirable neighborhood in Toronto.

1. Community events and festivals:

Roncesvalles is known for its lively community events and festivals, which attract visitors from across the city. One of the most popular events is the Roncesvalles Polish Festival, which takes place every September and celebrates the neighbourhood’s Polish heritage. The festival features live music, dancing, food, and a range of family-friendly activities.

Other community events in Roncesvalles include the Roncy Rocks music and art festival, which takes place every June and features local musicians and artists, as well as the Roncesvalles Village Yard Sale, which takes place annually in May and offers a great opportunity for residents to sell and purchase used items.

2. Parks and green spaces:

Roncesvalles is home to a number of beautiful parks and green spaces, offering residents a chance to escape the hustle and bustle of the city and enjoy some nature. One of the most popular parks in the neighbourhood is Sorauren Park, which features a large playground, sports facilities, and a farmers’ market on Mondays during the summer months.

Other parks in Roncesvalles include High Park, which is one of the largest parks in Toronto and offers a range of recreational activities, as well as Sunnyside Beach Park, which features a sandy beach and a boardwalk along Lake Ontario.

3. Restaurants, bars, and cafes:

Roncesvalles is known for its wide range of restaurants, bars, and cafes, offering something for every taste and budget. Some popular spots include Barque Smokehouse, which offers delicious BBQ and cocktails, The Ace, which offers craft beer and pub fare, and The Westerly, which offers a range of vegetarian and vegan options.

Other notable spots in Roncesvalles include The Local, which features live music and a cozy atmosphere, The Commoner, which offers elevated pub fare and craft cocktails, and Cherry Bomb Coffee, which offers delicious coffee and baked goods.

4. Schools and educational institutions:

Roncesvalles is home to a number of excellent schools and educational institutions, making it a popular neighbourhood for families. Some notable schools in the area include Fern Avenue Public School, which offers French immersion programs and a strong music program, and Garden Avenue Public School, which offers a range of extracurricular activities and a focus on social and emotional learning.

Other educational institutions in Roncesvalles include Bishop Marrocco/Thomas Merton Catholic Secondary School, which offers a range of academic and extracurricular programs, and the Toronto School of Art, which offers a range of classes and workshops for aspiring artists.

1. Overview of the job market in Roncesvalles and Toronto:

The job market in Roncesvalles is closely tied to the broader job market in Toronto. Toronto is the economic capital of Canada and one of the fastest-growing cities in North America. It offers a wide range of job opportunities across industries, including finance, technology, healthcare, and education.

The job market in Roncesvalles is particularly strong in the healthcare and education sectors, with a number of hospitals, clinics, and schools located in the neighbourhood and surrounding areas. Additionally, the neighbourhood is home to a number of independent businesses and startups, offering job opportunities in a variety of fields.

2. Strong companies present in Roncesvalles:

Some of the strong companies present in Roncesvalles include:

1. Toronto Hydro – Toronto Hydro is the largest municipal electricity distribution company in Canada, serving more than 760,000 customers in Toronto. The company has a strong presence in Roncesvalles and offers job opportunities in a range of fields, including engineering, operations, and customer service.

2. St. Joseph’s Health Centre – St. Joseph’s Health Centre is a major hospital in Toronto that offers a range of healthcare services, including emergency care, surgery, and rehabilitation. The hospital is located in Roncesvalles and is one of the largest employers in the neighbourhood.

3. George Brown College – George Brown College is a large post-secondary institution located in Toronto that offers a range of programs in fields such as business, hospitality, and technology. The college has a campus in the neighbourhood, offering job opportunities in teaching, administration, and support staff roles.

4. High Park Brewery – High Park Brewery is a local craft brewery that produces a range of beers and ales. The brewery is located in Roncesvalles and offers job opportunities in brewing, sales, and marketing.

1. Access to public transportation in Roncesvalles :

Roncesvalles is well-served by public transportation, with several streetcar and bus routes running through the neighbourhood. The 504 streetcar runs along Roncesvalles Avenue, connecting the neighbourhood to downtown Toronto and the east end. The 505 streetcar runs along Dundas Street West, providing connections to the west end of the city. Bus routes also run through the neighbourhood, including the 80 Queensway, which connects to the Bloor-Danforth subway line.

Access to public transportation is an important factor for homebuyers and investors, as it can impact property values and rental demand. In Roncesvalles, proximity to public transportation is highly desirable, with many residents choosing to live in the neighbourhood because of its accessibility.

2. Major highways and roads of Roncesvalles:

Roncesvalles is located in close proximity to several major highways and roads, making it easy to travel to other parts of the city and beyond. The Gardiner Expressway, a major east-west highway in Toronto, is located just south of the neighbourhood, providing connections to downtown Toronto and the western suburbs. The Don Valley Parkway, a major north-south highway, is also easily accessible from Roncesvalles, providing connections to the eastern suburbs and beyond.

Proximity to major highways and roads can impact property values and rental demand, as it makes it easier for residents to commute to work or travel to other parts of the city. In Roncesvalles, the accessibility provided by these major highways and roads is a significant selling point for homebuyers and investors.

3. Bike lanes and walkability in Roncesvalles:

Roncesvalles is a highly walkable neighbourhood, with many amenities located within a short walking distance of residential areas. The neighbourhood also features several bike lanes, making it easy for residents to commute by bike. The West Toronto Railpath, a multi-use trail that runs through the neighbourhood, provides additional opportunities for walking and cycling.

Walkability and access to bike lanes are increasingly important factors for homebuyers and investors, as more people are looking for alternative modes of transportation that are environmentally friendly and promote a healthy lifestyle. In Roncesvalles, the walkability and bike-friendly infrastructure contribute to the neighbourhood’s overall desirability.