Bay Street Corridor also known as Bay Corridor is Toronto’s most prime areas for long-term commercial real estate. Recently seeing a small uprise of high-end condominium developments, Bay Street still stands as the core area for Lawyers, Accountants and Financial firms to strive as a strong ecosystem. The Bay Corridor is easily connected to the underground PATH and TTC system making it virtually minutes from Yorkville and College Park. Being a densely populated area, one advantage of this is being in close proximity to the Financial District and Hospital District to Ryerson, UofT and more.
We track years of completed developments, we then look at potential new developments and take in consideration things like appeal (demand) and infrastructure (updates).
If you are looking for a prestigious address in Toronto, then Bay Street Corridor is an area worthy of consideration. It is located in close proximity to the Financial District, the Discovery District, the Hospital District and Toronto City Hall. It is also located close to the campuses of the University of Toronto and Ryerson University and Yonge Street, the major arterial route connecting Lake Ontario to Lake Simcoe.
Previously known as St. John’s Ward, Bay Street Corridor became one of the brightest stars of the Toronto property market in 1827 with the founding of King’s College; King’s College has later renamed the University of Toronto. Today, few locations can rival the hive of local amenities that Bay Street Corridor has to offer. Local attractions include Bay Street, with its retail experience and a wide range of choices for food and drink and Queen’s Park, located off University Avenue. Combine this with the attractions of the nearby Downtown Yonge and Bloor-Yorkville area and one can see why Bay Street Corridor is a vibrant and prestigious area of Toronto. The neighborhood is also well connected from a transport perspective whereby commuting is straightforward with a number of different bus routes and streetcar lines serving the area. There are also subway stops every few blocks.
As for housing in Bay Street Corridor, residential accommodation here is steeply skewed in favor of high-rise condominium buildings. The area boasts an eclectic mix of properties with styles to suit all tastes. Most of these buildings have been built in the last 20 years and feature 24-hour concierge as well as recreational amenities. This makes Bay Street Corridor a truly a golden postcode for luxury properties in the city. If you are looking to buy, properties here are highly sought after and tend not to remain on the market for long.
And finally, for any parent who is considering a move, the quality of schools in the area they are moving to is a major consideration. Bay Street Corridor properties fall in the catchment area of a range of good educational institutions- a mix of private, public and independent establishments. The area is also home to much of the University of Toronto and part of Ryerson University. Closer to the campuses, much of the housing is aimed at students. The properties are therefore smaller and designed to comfortably aid both concentration and organization.