House Stats
Houses For Sale: 3
Houses For Lease: 2
Average List Price: $2,378,200
Condo Stats
Condos For Sale: 42
Condos For Lease: 0
Average List Price: $621,121
Commerical Stats 30 day average
Commercial For Sale: 1
Commercial For Lease: 2
Average List Price: $0
Area Description
The Toronto waterfront is the lakeshore of Lake Ontario in the City of Toronto, Ontario in Canada. It spans 46 kilometres between the mouth of Etobicoke Creek in the west, and the Rouge River in the East. The entire lakeshore has been significantly altered from its natural glaciated state prior to European settlement.
In the 1950s, the Gardiner Expressway project, connecting suburbs to the west, substantially changed the western waterfront. As the Toronto area prospered and the downtown lands became more developed, industry began to move out of the central area seeking cheaper land in the suburbs. This left behind many heavily polluted sites (some of the main uses of the waterfront were oil and coal storage, waste disposal and incineration, and heavy manufacturing especially in Toronto harbour). The railway lands just to the north of the waterfront now became too valuable to keep industrial and have been converted to other uses, starting with the CN Tower in the 1970s. The railway lands became the site of the SkyDome (now Rogers Centre), the Toronto Convention Center, office buildings and numerous condominium residential buildings.
The 1972 Canadian election saw a further step in the conversion of the central waterfront away from industrial uses. The Federal Liberals promised to improve Toronto's waterfront, expropriating the area from Bathurst Street to York Street along the waterfront for the "Harbourfront" project. Some buildings, such as Queen's Quay Terminal and Harbourfront Centre were remodelled, and others demolished and replaced by new structures. The areas south of Queen's Quay have been changed mainly to cultural and recreational uses and the area north of Queen's Quay has been redeveloped into condominium residential towers. West of Bathurst Street, the lands have been converted into a new residential area.