Toronto Downtown East is one of the most undervalued area’s in all of the city, maybe in all of the province.
This is prime space that isn’t nearly as developed as the west side. There are projects that still exist in the area, homeless shelters and the methadone clinics. These are just some of the reasons that the area hasn’t developed. Several projects are scheduled to be torn down, therefore, it’s only a matter of time before the shelters are moved as well.
There are multiple land assemblies going on for future development that will improve the neighborhood. One of them being the relief line, which will cut right through the southern portion of Downtown East.
EastHarbour.ca is an informative site that shows some of the new development that will be taking place over the next 10 to 15 years. This will be a transit hub for the TTC and the GO. It will be a large commercial center creating jobs for roughly 50,000 people. There will be multiple new residential projects on this site and apparently a shopping mall the size of Yorkdale.
The Google tech neighborhood will clean up the much needed Queens Quay East neighborhood, bringing a captivating twist to the Downtown East.
Canary District is less tight with plenty of green space, making it a destination for many people. Although it’s still in its infancy, it will bring another trendy neighborhood to the East side.
Vacancies in the Commercial buildings are quickly filling up, which shows improved confidence in the neighborhood in the Downtown East.