Toronto’s Downtown Harbourfront is a neighbourhood situated on the northern shore of Lake Ontario. It extends from Bathurst Street in the west to York Street or Yonge Street to the east.
Harbourfront is a very popular leisure destination in the GTA, and has a rapidly growing residential hub. If you are looking to invest in property in the area, you may consider purchasing a condo and leasing it for passive income. There are many new condo developments in progress, and talking to one of our professional mortgage experts at Northwood Mortgage™ can help you find a suitable mortgage package that will make the investment worthwhile for you.
Besides leasing your condo, you can also choose the peace and tranquillity of living on the waterfront, away from the hustle and bustle of the city. You will have easy access to parks, restaurants, theatres, shops, and the St. Lawrence Market business district centre. You can raft your boat during summer or participate in a range of outdoor activities in the neighbourhood.
The elevated Gardiner Expressway separates the Harbourfront neighbourhood from the rest of downtown Toronto. The area can be accessed via a tunnel linking Lower Simcoe to Simcoe St., as well as via the Toronto Island Airport.
The neighbourhood is filled with residents and visitors all summer long who come to enjoy its outdoor spaces and the cultural foods and arts festivals organized at the Harbourfront Centre. Many families also enjoy exploring the Toronto Islands via ferry; visiting the music gardens; and experiencing the live entertainment together with the cultural arts and crafts exhibits. The walking paths in the open green spaces are also quite enjoyable.
There are a few dining options, but if you want some fine dining experience, you will need to travel north toward the downtown core. The nightlife is quite active, with a range of entertainment options from live dance to theatre performances to DJ music and adult-oriented entertainment.
Living next to the water can give you a sense of freedom – there is no smog or congestion like in downtown Toronto and other cities. If you don’t want to indulge in the available amenities, you can simply sit out on your balcony and enjoy the view of the city or the water.
Even better is the fact that you are one of the few people in the GTA who can enjoy a natural cool breeze during hot summer months. You can walk to access most amenities in Harbourfront as you enjoy the winding trail, and occasionally stop to attend theatres or listen to live classical music performances at the Harbourfront Centre.
Some of the festivals you can look forward to include the Caribbean-themed Island Soul in August; the annual Vegetarian Food Festival in September; the International Festival of Authors in October; and a range of other weekly and annual events, so you have something to enjoy year-round.
Toronto’s downtown Harbourfront condos comprise both old and new constructions offering picturesque views of the city to the north and soothing views of the lake to the south. Contact Northwood Mortgage lending experts to help you find the best mortgage deal to finance your property investment.
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