Riverside is truly Toronto’s small-town-in-the-big-city! Just steps from the downtown core, the area is a microcosm of the arts, culture, commercial, and heritage landscape of Toronto – you’ll find it all right here in Riverside. Read on for more:
Local Development and Transportation
The Riverside area boasts excellent positioning as one of Toronto’s desirable East End neighbourhoods. A mixed commercial and residential node, Riverside has become one of the city’s hottest neighbourhoods, offering an exciting mix of independent retail and dining establishments nestled among tree-lined streets of Victorian and Edwardian style homes.
Riverside is directly on the TTC Queen and King streetcar lines. Vehicular access is also excellent, with quick access to the Don Valley Parkway and Gardiner Expressway, and on-street and surface lot parking options. The area is also home to Zipcar vehicles for easy, flexible car rentals by the minute, hour or day. With bicycle post and rings all along Riverside’s 10 blocks and access to Toronto Bikeshare stations, the area is also welcoming to cyclists. The area’s attractive streetscape with exploratory historical plaques, murals and other points of interest welcomes walkers and strives for complete accessibility over time.
Commercially, the area offers an eclectic mix of breweries, music venues, clothing retailers, galleries, concept shops, furniture/design stores, restaurants, cafes, tailored service providers, hotels, and bars. Encompassed by numerous new residential condominium developments and affluent homes, the surrounding business market offers a stable, high-end selection of shopping and eating destinations for local residents and visitors. Extremely low vacancy rates are seen across local units and there’s an upward trend in net rental rates in this popular East End neighbourhood.
Check out the latest development – Riverside Square – which is changing the face of the neighbourhood and expanding the local business and resident population.
With a local population of approximately 22,712 people (within 1 kilometer), nearby residents enjoy an above average household income of $103,410 versus the Greater Toronto Area (GTA) average of $94,500. Population growth (within 1 kilometer) is expected at 6.8% over the five year period from 2014 to 2019, a strong growth projection supportive of the increased desirability of the city’s East End. A family friendly area, 35.4% of couples have children at home while 57.7% of these households own their own dwellings (within 1 kilometer), a solid indicator of increasing local affluence.