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87 Peter Street 3006
Toronto (Waterfront Communities), Ontario
1bed1bath
Ontario
Toronto (Waterfront Communities) Real Estate
Browse homes for sale in Toronto (Waterfront Communities) • Median $650,000
$650,000Median Price
30Avg Days on Market
1,516Condo60Commercial3Other3Detached1Multi- Unit
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About Toronto (Waterfront Communities) Real Estate
Toronto's Waterfront Communities is a vibrant and dynamic area that has undergone significant transformation over the past few decades. Historically, this region was primarily industrial, serving as a hub for shipping and manufacturing. However, with the revitalization efforts led by the city, it has evolved into one of Toronto's most desirable neighborhoods. The area is characterized by its stunning waterfront views of Lake Ontario, modern condominiums, and a mix of residential and commercial spaces that cater to a diverse population. The iconic CN Tower and the Toronto Islands are just a short distance away, providing residents with picturesque landscapes and recreational opportunities.
One of the unique features of the Waterfront Communities is its commitment to maintaining green spaces alongside urban development. Parks like Harbour Square Park and the Toronto Music Garden offer residents serene spots to enjoy nature, while the waterfront promenade encourages outdoor activities such as walking, cycling, and jogging. The area is also known for its cultural attractions, including the Power Plant Contemporary Art Gallery and the Toronto International Film Festival events held at nearby venues. This blend of nature, culture, and urban living makes the Waterfront Communities an attractive option for a wide range of buyers.
With its proximity to downtown Toronto, the Waterfront Communities is particularly appealing to young professionals and families who desire an urban lifestyle without sacrificing access to outdoor spaces. The local community is diverse and welcoming, with a range of dining, shopping, and entertainment options. As the city continues to invest in infrastructure and amenities, the area promises to retain its charm and appeal, making it a sought-after location for both buyers and renters alike.
2539 active listings with a median price of $665,000.
Lifestyle & Community
Living in the Waterfront Communities offers a vibrant urban lifestyle infused with a strong sense of community. Residents enjoy a lively atmosphere, with numerous cafes, restaurants, and boutiques lining the streets. The local culture is enriched by various community events, such as the annual Toronto Waterfront Festival, which celebrates arts, music, and food, fostering a sense of togetherness among neighbors. The area also promotes an active lifestyle, with easy access to waterfront activities and parks. The blend of urban energy and natural beauty creates a unique vibe that attracts residents of all ages.
Local Amenities
- Easy access to Lake Ontario waterfront
- High-end dining options such as Canoe and the 360 Restaurant
- Shopping at the PATH underground shopping complex
- Proximity to the Toronto Islands and ferry services
- Cultural hubs like the Power Plant Gallery
- Public transit access via the TTC and GO Transit
- Harbourfront Centre for arts and culture events
- Fitness centers and wellness studios
- Community parks including Harbour Square Park
- Biking and walking paths along the waterfront
- Educational institutions such as George Brown College
- Convenience stores and supermarkets
Points of Interest
- CN Tower
- Toronto Islands
- Harbourfront Centre
- Ripley's Aquarium of Canada
- Toronto Music Garden
- St. Lawrence Market
- The Power Plant Contemporary Art Gallery
- Queens Quay Terminal
- The Waterfront Trail
- Sherbourne Common
Market Overview
The current real estate market in Toronto's Waterfront Communities is experiencing a healthy level of activity, with 2,539 active listings and a median listing price of $665,000. Properties in this area typically sell within an average of 30 days, reflecting a robust demand for housing. Buyers can expect a competitive market, particularly for well-located units that offer stunning views or unique features. The ongoing development and increasing popularity of the area suggest that prices may continue to rise, making now a strategic time to consider purchasing.
Investment Outlook
The Waterfront Communities present excellent investment opportunities, particularly for those looking to enter the rental market. With a high demand for housing and a steady influx of young professionals and families, rental properties in this area are likely to see strong occupancy rates. Additionally, ongoing developments and city planning initiatives indicate that property values are expected to appreciate, making this neighborhood an attractive option for long-term investors.
Ideal For
The Waterfront Communities are ideal for first-time buyers looking for modern living spaces, young professionals seeking convenience and vibrant culture, and families wanting access to parks and schools. Investors can also find promising opportunities due to the area's rental demand.
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Living in Toronto (Waterfront Communities)
Lifestyle
Living in the Waterfront Communities offers a vibrant urban lifestyle infused with a strong sense of community. Residents enjoy a lively atmosphere, with numerous cafes, restaurants, and boutiques lining the streets. The local culture is enriched by various community events, such as the annual Toronto Waterfront Festival, which celebrates arts, music, and food, fostering a sense of togetherness among neighbors. The area also promotes an active lifestyle, with easy access to waterfront activities and parks. The blend of urban energy and natural beauty creates a unique vibe that attracts residents of all ages.
Local Amenities
Easy access to Lake Ontario waterfrontHigh-end dining options such as Canoe and the 360 RestaurantShopping at the PATH underground shopping complexProximity to the Toronto Islands and ferry servicesCultural hubs like the Power Plant GalleryPublic transit access via the TTC and GO TransitHarbourfront Centre for arts and culture eventsFitness centers and wellness studiosCommunity parks including Harbour Square ParkBiking and walking paths along the waterfrontEducational institutions such as George Brown CollegeConvenience stores and supermarkets
Market Insights
The current real estate market in Toronto's Waterfront Communities is experiencing a healthy level of activity, with 2,539 active listings and a median listing price of $665,000. Properties in this area typically sell within an average of 30 days, reflecting a robust demand for housing. Buyers can expect a competitive market, particularly for well-located units that offer stunning views or unique features. The ongoing development and increasing popularity of the area suggest that prices may continue to rise, making now a strategic time to consider purchasing.
Investment Potential
The Waterfront Communities present excellent investment opportunities, particularly for those looking to enter the rental market. With a high demand for housing and a steady influx of young professionals and families, rental properties in this area are likely to see strong occupancy rates. Additionally, ongoing developments and city planning initiatives indicate that property values are expected to appreciate, making this neighborhood an attractive option for long-term investors.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
$0 – $200K
41
$200K – $400K
26
$400K – $600K
234
$600K – $800K
183
$800K – $1.0M
86
$1.0M – $1.5M
78
$1.5M – $2.0M
27
$2.0M – $3.0M
15
$3.0M+
14
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Frequently Asked Questions About Toronto (Waterfront Communities)
There are currently 1,432 active residential listings in Toronto (Waterfront Communities). This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.