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Bay Street Corridor
The Bay Street Corridor is smack dab in the centre of the action. Originally known as “Bear Street” back in the 1770s, thanks to frequent bear sightings in the area, the community now ranks as one of the most densely populated areas (by humans!) in Toronto.
The Bay Street Corridor is home to Toronto’s iconic Financial District and offers a unique environment with numerous forms of entertainment. Residents can make it from one end of the neighbourhood to the other by foot, and also enjoy great access to public transit for longer sojourns. This advantageous location has made the neighbourhood a popular homestead for professionals who work at one of the many tech or finance headquarters nearby.
Architecturally, the area is classic Toronto. Towering offices with glass exteriors; blocks of expansive commerical and retail establishments; huge, stylish condo buildings overlooking the city.
If you're into the big-city feel and are ready to embrace the liveliness of Canada's largest metropolis, the Bay Street Corridor is a terrifc place to look for a condo.
Who lives in the Bay Street Corridor?
The landscape of offices and entertainment venues lends itself to young professionals who are looking to thrive in one of the most energetic parts of Toronto. Even those who don’t work in the area are able to efficiently commute to their place of employ using the TTC.
The following data was obtained from the 2016 Bay Street Corridor neighbourhood census profile, and the City of Toronto Ward 27 profile. Average prices are determined by the realestatecondos.ca listings.
Population growth: 33.3%
Rent/Own: 63% / 37%
Median Age: 35
Average household income: 145,614
Average condo sale price: $899,603.59
Average condo rent price: $3,084.12
Average family size: 1.69
Population density: 14,097 people per square km
Whether you’re looking to stay in the vicinity, or head out to another area of the city, you won’t have a hard time getting around. Walk Score gave the Bay Street Corridor neighbourhood a 99/100, making it the most walkable neighbourhood in Toronto.
The neighbourhood also received a perfect 100/100 Transit Score, so you'll have no issues getting wherever you want to go!
Being in the Bay Street Corridor means you have quick and easy access to the Queen, Dundas, and College streetcars, and, you will always be within walking distance of a subway stop.
Walking and taking advantage of transit in the area are your best options, since traffic on the streets can get pretty intense. Finding - and paying - for a parking spot is also an unsavory task.
However, you are able to get to the highway fairly quickly by using University Ave if you’re looking to escape the city.
Bay Street Corridor amenities
One of the reasons so many people flock to the Bay Street Corridor is the sheer number of amenities. There is scarcely a time a resident will need to venture far to find something they’re looking for.
If an immersive shopping experience is what you’re after then the Bay Street Corridor is where you want to be. In the immediate vicinity you have your pick of the Eaton Centre, Atrium on Bay, and the College Park Shopping Mall. Not to mention a handful of independent and stand-alone stores offering a wide variety of wares.
For day-to-day necessities, you won’t have to venture far. The neighbourhood hosts an array of grocery stores, pharmacies, and convenience stores. You’ll also find numerous speciality retailers ready to meet your needs, no matter how niche.
Well-known restaurants and cafes
Feeling peckish? No matter what you’re craving you’ll find the right cuisine in the Bay Street Corridor. You’ll also have options for venues; trendy decor, upscale interiors, fabulous patios and takeout counters are all on offer. From one-of-a-kind establishments to your favourite chains, the food in Bay Street Corridor is a major attraction.
The Financial District runs on caffeine, so it should come as no surprise the area features a Starbucks or Tim Hortons every couple of blocks. But while the classics may dominate the region, the Bay Street Corridor is home to a large number of favoured independent cafes that do both specialty drinks and good old-fashion coffee.
There’s no shortage of things to see and do (and eat) in the Bay Street Corridor. If you want to be outdoors you can head to Queens Park and have a picnic with some friends, or you can visit Nathan Phillips Square and enjoy one of the many community events held throughout the year, including free concerts. If you’re looking for some nightlife action, you can choose from among a variety of bars, clubs, and pubs in the area.
Other entertainment-friendly areas around the city are not far either; you can hop on the subway to quickly access The Core, King West, Kensington Market or the ROM and AGO.
Schools in Bay Street Corridor
The main demographic of the Bay Street Corridor means there aren’t many close by elementary or high schools. Of course, that 99/100 Transit Score the neighbourhood boasts means kids can make it to countless institutions throughout the city without difficulty.
Post-secondary students, on the other hand, have it made, with both Ryerson University and University of Toronto campuses in the neighbourhood.
Parks in Bay Street Corridor
The Bay Street Corridor isn’t synonymous with urban green space, but you’d be pleasantly surprised at how easily residents can escape the urban sprawl.
Queen’s Park is a focal point of the neighbourhood, and aside from providing a quiet respite from the hustle and bustle of the city, it’s home to the Ontario Legislative Building. This large space is full of lush trees and features walking trails that give you a scenic tour of the adjacent fields, provincial parliament buildings, and a number of iconic statues and monuments.
Additionally, condo developers have been doing their part to bring nature straight to the locals. Many of the newer and upcoming buildings feature on premise gardens, rooftop patios and faux parks for inhabitants to enjoy.