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The Demand for Entertainment District Condos

It’s a fact that GTA is one of the hottest real estate market in Canada. The GTA covers a lot of different cities and areas, but what areas are in the highest demand? And which areas are firing up the market?

Let’s start with the Entertainment District. It is located in downtown Toronto and is easily one of the high-demand areas in GTA. Many point to Entertainment District as the place between the Financial District, Queen Street West, the Harbourfront and Spadina Avenue.

You might wonder, why is the Entertainment District so attractive to homebuyers? Well, it’s home to all kinds of entertainment. From watching professional sports leagues (NBA, NHL, MLB, etc.),to concerts, cultural destinations, live performance art, the Toronto International Film Festival (TIFF), family fun at Ripley’s Aquarium, and the hottest clubs in Toronto. With all these exciting things taking place, it’s no wonder why many young professionals, business persons and family choose to move here. These are just a few things of what Toronto has to offer.

Should You Buy a Condo in the Entertainment District?

Whether you are looking to buy for personal residence or investment, Entertainment District condos would still be an excellent choice for prebuild. New build condo units here will always be in high demand and thus provides exceptional investment opportunities. Adding to that, these prebuild condos offer premium amenities and have a modern look for its units.

Entertainment District tend to have a high rate of appreciation and promises a high return on investment once you sell the unit. With these units being more affordable than other types of housing, it gives many first-time buyers the opportunity to own their property in the city.
In terms of purchasing a condo unit in this area as an investment property, you can expect to have an extremely low vacancy rate with minimal tenant acquisition costs. These are important aspects that help to maximize profits from the investment in both the short and long term.

Contact Sushma Khinvasara today to discuss all of the benefits of purchasing an Entertainment District condo as a living space or as an investment property. Discover everything this exciting area has to offer and find the unit that is perfect for your specific needs.