Corktown

The Gluzberg team is no stranger to Corktown. We have always had a strong presence in this thriving Toronto neighbourhood because we recognize its sparkling personality and trendy architecture.

THE AREA

Just east of downtown Toronto, Corktown is one of the city’s oldest neighbourhoods. In the early 19 th century, it was an industrial hub, home to breweries, brickyards and other manufacturers. Irish immigrants worked the factories and populated the area, dwelling in modest cottages and narrow row houses. A large swath of Corktown was bulldozed in the 1960s, and paved over with roadways and ramps that afforded drivers better access in and out of the city. Today, Corktown is in the midst of a massive revitalization, with an abundance of new residential units and local businesses springing up.

THE VIBE

This formerly under-valued, somewhat derelict chunk of the city is now pulsing with growth and energy. There’s a cool urban vibe, a feeling of youth, change, renewal and the birth of a burgeoning community. Everywhere you look, new condominium complexes are being built, with new businesses opening to serve them. The stunning Cooper Koo Family YMCA, a legacy building from the 2015 PanAm Games, sits at the heart of the Canary District, with its ultra-
modern neighbour The George—George Brown College’s first Toronto residence building. The 18-acre Corktown Common park and trails offers up excellent green-space in the midst of this hip urban ‘hood, and the very cool Distillery District is a just a short walk away.

REAL ESTATE

For the past ten years, Corktown has been the site of massive change and revitalization. Tiny renovated row houses and workers cottages are hot properties, and new high/mid-rise condominium complexes are breathing life into this formerly neglected area of the city. Store fronts and industrial warehouse space are increasingly being transformed into mixed use live/work units. With its close proximity to the downtown core, the area will continue to attract young urban professionals, as well as new businesses to serve them. Expect this currently more affordable area of the city to see significant increases in property values.

THE STATS

Average household income
$59,238

Overall age of housing (pre-1980)
41%

Top 3 languages
English, Bengali, Tamil

Average age
35

THE TRANSPORTATION

With nearby access to the Don Valley Parkway, the Gardiner Expressway and Lake Shore Boulevard, getting in and out of the city is easy for Corktown drivers.

Streetcars on King and Queen Street link to subway stations on the Yonge-University-Spadina subway line, and the Parliament streetcar connects to the Castle Frank station on the Bloor-Danforth line.

THE BOUNDARIES

Queen Street to the north, Front Street to the south, Parliament Street to the west, and the Don Valley Parkway to the east.

CORKTOWN PROPERTY MANAGEMENT

At Gluzberg, we love this rapidly changing neighbourhood and have identified many opportunities for property owners to expand their portfolios. While our primary focus is premier property management, we are always on the lookout for attractive investment opportunities for our clients. If a property becomes available that suits your portfolio, we will contact you with all the pertinent information. We are your eyes and ears in the community.