Top 5 neighbourhoods in Toronto for young professionals to live

By Zoocasa

Toronto has always been a city of possibilities. Countless neighborhoods affectionately given nicknames by their residents only add to the charm of all the interesting pockets you can explore.

While it’s hard to pick the best Toronto has to offer, these are fantastic neighborhoods for a young professional. From the single socialite to the family-oriented type, there’s a neighbourhood that matches the lifestyle you’re aspiring for. Neighbourhoods vary in the home type composition as well as price points. First-time buyers will probably have most luck with condo apartments in neighbourhoods further from downtown, while those who wish to live in a more traditional, residential neighbourhood will likely have to find a house for rent, as average house prices in Toronto are currently over $1,000,000, according to the Toronto Regional Real Estate Board.

Yonge and Eglinton

This neighborhood is built for people that love to get out and explore all their area has to offer. While downtown is just a short ride away on the subway line, there’s very little you won’t find here. With recent condo developments, funky night spots, and top restaurants migrating to this intersecting hub, whether night or day, you’ll find plenty of room to play. 

While the young professional is more likely to be renting or buying a condo by one of the busier intersections, venture a few blocks in from the main streets and you can take a peaceful stroll amongst large trees and large homes.

Although Yonge and Eglinton isn’t right in downtown Toronto, the cost to purchase or rent condos is still comparable to being further south. Young professionals who drive to work have more access to roads and highways compared to being downtown.

View of the CN Tower from the road on Yonge and Eglinton.

King West

King West, the neighbourhood everybody loves to hate. Residents are effortlessly cool and always know the best spot to get anything you can imagine. It’s hard to find a bad spot to hang out here, whether you’re looking for craft beers on a patio, artisan coffee in a quiet cafe, or the hottest clubs in the city. King West has got you covered.

With some of the densest concentration of condo developments in the heart of the city, the condo lifestyle is in full swing here. From lofts to high-rises, there is a vast number of options for buyers and renters. However, be prepared to face a competitive market. King West is a popular neighbourhood—the average price per square foot when purchasing a condo is often over $1,000/sq. ft. 

Trinity Bellwoods

Central Park vibes highlight this sprawling green neighborhood. The park is one of summer’s top hotspots, offering farmers markets and a large area for picnics and frisbee. Bordered by Dundas and Queen on either end, modern dining and shopping are perfectly within reach as well. There are ample options for ice cream, coffee, bakeries and independent eateries. This is an area that’s frequently visited by Torontonians who live in other neighbourhoods too – this area has so much to offer, that it’s ranked as one of the top 10 neighbourhoods by Toronto Life.

Cast-iron lamps light up beautiful Victorian architecture forming a neighborhood rich with history and waiting for you to settle in and grow with it. The homes around the Trinity Bellwoods neighborhood are mostly houses, with a limited number of condos and lofts. With house prices close to—or above—a million dollars, young professionals who wish to live in this area may have to settle for renting until they save enough for a down payment.

View of the CN Tower and Toronto's skyline from a park in Trinity Bellwoods.

Liberty Village

Designed for the urban explorer who wants the best the city has to offer, Liberty Village is a trendy neighborhood that sees more and more young professionals flocking to it every year. It’s a tight-knit blend of urban, retail, and commercial developments that give it the feeling of its own village within the city.

The relatively enclosed neighbourhood has all the amenities and stores that residents need, such as major grocery stores, coffee shops, pubs, and furniture stores.

With old industrial buildings being repurposed into trendy lofts and condos, Liberty Village has a feeling unlike anywhere else in the city. The homes in this area are almost all condo apartments and townhouses, making Liberty Village one of the most affordable neighbourhoods near downtown Toronto to purchase a property.

Roncesvalles

Definitely one of the most laid back areas on this list, Roncesvalles started out as a Polish community and has become a vibrant, multicultural neighbourhood. While it has plenty to offer with food and entertainment, downtown is only a streetcar ride away. The neighbourhood has a large collection of independent stores and easy-going coffee shops and bars.

Most homes in this neighbourhood are houses, but there’s an increasing number of condos as well. Roncesvalles is more relaxed, with larger amounts of green space than your typical downtown neighborhood, making this a great area for young professionals who are planning to start a family.

There are other fantastic neighbourhoods in Toronto. The Junction, The Distillery District, and of course, The Financial District all offer great places to live. If there’s one thing you can take away from this, it’s that Toronto’s neighbourhoods have you covered.

By Zoocasa

Toronto has always been a city of possibilities. Countless neighborhoods affectionately given nicknames by their residents only add to the charm of all the interesting pockets you can explore.

While it’s hard to pick the best Toronto has to offer, these are fantastic neighborhoods for a young professional. From the single socialite to the family-oriented type, there’s a neighbourhood that matches the lifestyle you’re aspiring for. Neighbourhoods vary in the home type composition as well as price points. First-time buyers will probably have most luck with condo apartments in neighbourhoods further from downtown, while those who wish to live in a more traditional, residential neighbourhood will likely have to find a house for rent, as average house prices in Toronto are currently over $1,000,000, according to the Toronto Regional Real Estate Board.

Yonge and Eglinton

This neighborhood is built for people that love to get out and explore all their area has to offer. While downtown is just a short ride away on the subway line, there’s very little you won’t find here. With recent condo developments, funky night spots, and top restaurants migrating to this intersecting hub, whether night or day, you’ll find plenty of room to play. 

While the young professional is more likely to be renting or buying a condo by one of the busier intersections, venture a few blocks in from the main streets and you can take a peaceful stroll amongst large trees and large homes.

Although Yonge and Eglinton isn’t right in downtown Toronto, the cost to purchase or rent condos is still comparable to being further south. Young professionals who drive to work have more access to roads and highways compared to being downtown.

View of the CN Tower from the road on Yonge and Eglinton.

King West

King West, the neighbourhood everybody loves to hate. Residents are effortlessly cool and always know the best spot to get anything you can imagine. It’s hard to find a bad spot to hang out here, whether you’re looking for craft beers on a patio, artisan coffee in a quiet cafe, or the hottest clubs in the city. King West has got you covered.

With some of the densest concentration of condo developments in the heart of the city, the condo lifestyle is in full swing here. From lofts to high-rises, there is a vast number of options for buyers and renters. However, be prepared to face a competitive market. King West is a popular neighbourhood—the average price per square foot when purchasing a condo is often over $1,000/sq. ft. 

Trinity Bellwoods

Central Park vibes highlight this sprawling green neighborhood. The park is one of summer’s top hotspots, offering farmers markets and a large area for picnics and frisbee. Bordered by Dundas and Queen on either end, modern dining and shopping are perfectly within reach as well. There are ample options for ice cream, coffee, bakeries and independent eateries. This is an area that’s frequently visited by Torontonians who live in other neighbourhoods too – this area has so much to offer, that it’s ranked as one of the top 10 neighbourhoods by Toronto Life.

Cast-iron lamps light up beautiful Victorian architecture forming a neighborhood rich with history and waiting for you to settle in and grow with it. The homes around the Trinity Bellwoods neighborhood are mostly houses, with a limited number of condos and lofts. With house prices close to—or above—a million dollars, young professionals who wish to live in this area may have to settle for renting until they save enough for a down payment.

View of the CN Tower and Toronto's skyline from a park in Trinity Bellwoods.

Liberty Village

Designed for the urban explorer who wants the best the city has to offer, Liberty Village is a trendy neighborhood that sees more and more young professionals flocking to it every year. It’s a tight-knit blend of urban, retail, and commercial developments that give it the feeling of its own village within the city.

The relatively enclosed neighbourhood has all the amenities and stores that residents need, such as major grocery stores, coffee shops, pubs, and furniture stores.

With old industrial buildings being repurposed into trendy lofts and condos, Liberty Village has a feeling unlike anywhere else in the city. The homes in this area are almost all condo apartments and townhouses, making Liberty Village one of the most affordable neighbourhoods near downtown Toronto to purchase a property.

Roncesvalles

Definitely one of the most laid back areas on this list, Roncesvalles started out as a Polish community and has become a vibrant, multicultural neighbourhood. While it has plenty to offer with food and entertainment, downtown is only a streetcar ride away. The neighbourhood has a large collection of independent stores and easy-going coffee shops and bars.

Most homes in this neighbourhood are houses, but there’s an increasing number of condos as well. Roncesvalles is more relaxed, with larger amounts of green space than your typical downtown neighborhood, making this a great area for young professionals who are planning to start a family.

There are other fantastic neighbourhoods in Toronto. The Junction, The Distillery District, and of course, The Financial District all offer great places to live. If there’s one thing you can take away from this, it’s that Toronto’s neighbourhoods have you covered.

About Zoocasa

Zoocasa is a full-service real estate brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions. View real estate listings at zoocasa.com or download the free iOS app.

Seriously, what else can you do in 3 minutes?

Boil half an egg?

You might like these posts, too.

Insurance savings tips to make the most of your budget

Insurance savings tips to make the most of your budget

There comes a point when you’ve squeezed every last drop of savings out of your insurance: you’ve bundled home and auto policies, started driving a less expensive car, and built a clean driving record. Your premium is as low as it’s ever been, and things are going...

read more
Life insurance 101

Life insurance 101

By PolicyMe If you’ve just bought a home, gotten married, or had a baby, your bills might be piling up faster than you can count them. So you might be tempted to put off buying life insurance. But the reality is that if you’ve just hit one of these big life...

read more

How are we doing?

How are we doing?