Condo Neighbourhood Profile: Discovery District/Bay Street Corridor

The title of “Discovery District” can be attributed to the research and innovation in technology and biotechnology in particular, done at Mars Institute and at the nearby University of Toronto. However, there is far more to discover in along this neighbourhood. In fact, there are many new condo developments being constructed with innovative designs worthy of the district.

As downtown Toronto continues to intensify, the demand for condos along the Bay Street Corridor continues to grow. In a recent article, we revealed the average price per square foot for new condos along the Toronto subway lines. In our analysis, we found that Museum station is the most expensive in the city and the best value for condos could be found around the Yonge and College station.

Location

The Discovery District can be found in the north of Dundas st along the Bay Street Corridor. The borders of the district extend to either side of University Avenue and Yonge Street.

Getting around the Discovery District

In the heart of Toronto along the Bay Street corridor, condo listings can offer an endless list of “steps to” the best of Toronto shopping, entertainment, dining, and much more.

High Transit Scores

Within the bounds of the Discovery District, there are 6 TTC subway stops, along with many buses and streetcars. Additionally, there are many cycle-friendly bike lane sections of the area along Wellesley, Beverly Street, Queens Park and more. High traffic is common in this neighbourhood, but access to the major highways just south of the district are not too far away.

High Walk scores

When going for a relaxing walk, Queen’s Park is a great place to clear your mind. While it’s easy to find paths for a nice calm walk, there is much food, fun, and excitement within a short walking distance. At the south end of the district there is Toronto’s answer to New York’s Time’s Square, and at the North, there is the best shopping in the world at Toronto’s Yorkville district. Residents in the Discovery district are always a short walk away from the best Toronto has to offer.

What to do in the Discovery District

Toronto is a world-class city. Residents looking to get the most out of their time living in Toronto will find condo’s in the Discovery District to satisfy their appetite.

Shopping

Residents in the Discovery district are steps away from the best shopping experiences in Toronto. North is the Yorkville district, home to some of the most exclusive brands and to the south is the always happening Yonge and Dundas Square and the Eaton Centre.

 

Dining & Nightlife

Like the shopping, there are literally endless options for residents to dine. Whether it’s a world-class dining experience in the Yorkville district, a fun night out at a baseball game and a nightclub in the entertainment district, or a night at the movies at Yonge and Dundas, you are never too far from a great night on the town.

Discovery District Condos to Watch For

Condo’s in and around the Discovery district are getting snatched up almost as quickly as they are put on the market. In order to get the best deal on the hottest upcoming Condo projects, we’ve listed some of the best condos in the neighbourhood for you below.

Panda Condos – Lifetime Developments

Panda Condominiums is a new pre-construction condo project located in the heart of Downtown Toronto at Yonge & Dundas. Previous to the Panda Condos development, the site was home to the “World’s Biggest Bookstore”.

This condo project is proposed to house 629 residential units and will stand 35-storeys tall. Residents will be instantly drawn to the perfect walk and transit scores (100/100 in each category) Panda Condos is able to provide.

Read more about Panda Condos.

Halo Condos – Cresford Development Corporation

Located at 480 Yonge Street, Halo Condos is a hot new condo development planned to stand 45 stories tall featuring 423 suites. Residents will appreciate the quick access to all the amenities surrounding it’s Yonge and College location, as well as the many modern amenities located just inside the building.

Read more about Halo Condos on Yonge Street.

Looking for more condos in Toronto’s Discovery District? Take a look at the TalkCondo interactive map to discover more preconstruction condo developments in Toronto’s downtown core.