Home Prices in Regent Park
Regent Park neighbourhood in Toronto. Popular communities include Moss Park, North Riverdale, Cabbagetown South St James Town, North St James Town, Playter Estates Danforth.
Regent Park has 57 homes on the market. Of the 15028 total properties listed in Toronto, Regent Park makes up just 0.4%. The average asking price of a property in Regent Park is $824,500, with an estimated mortgage of $2,793 per month. That is 1.8 times less of the average asking price of $1,509,241 in Toronto. Properties listed in Regent Park are an average of 494 square feet, with 1.2 beds and 1.3 baths. Regent Park has 31.6% apartments relative to all the other listings in this neighbourhood.
Regent Park Neighbourhood Guide
Regent Park is Canada's largest and oldest social housing project, located in downtown Toronto. Previously, the area was the the centre of the Cabbagetown neighbourhood. Today, it is surrounded by Gerrard Street East to the north, River Street to the east, Shuter Street to the south and Parliament Street to the west.
The housing stock in Regent Park real estate is composed of low-rise apartment buildings and townhouses as well as row-houses and high-rise apartment complexes. The rental rates in Regent Park are aimed towards the income of each resident.
Regent Park is home to an immigrant and marginalized population and the neighbourhood is characterized by a high rate of poverty and unemployment. It faces a higher rate of violence, crime, drug and alcohol abuse in comparison with other Toronto areas.
Within the community, there is a variety of enriching associations like the Regent Park Tamil Cultural Association, which promote cultural development and exchange and aim to foster a healthier neighbourhood.
Furthermore, there are two outdoor artificial ice rinks in Regent Park and the newly built Regent Park Aquatic Centre (640 Dundas Street East) is available for residents’ use. Also accessible to people who live in the neighbourhood is the Regent Park Community Centre (203 Sackville Green).
Homes
Real estate in Regent Park caters to the fact that the neighbourhood is home to a very juvenile population. The Regent Park Child Care Centre cares for infants and toddlers of the community.
The bulk of the buildings in Regent Park are owned and operated by the public low income housing administrator in Toronto, Toronto Community Housing. A majority of the units are low rise apartment buildings bordered by Gerrard Street, Parliament Street, Dundas Street and River Street. The suites are three-storey brick edifices with central balconies.
On the south side of Dundas Street, the complexes are comprised of five high rise apartment towers with two-storey townhomes on the east and west sides.
Regent Park residents are ethnically diverse and come from cultural backgrounds which include new Canadians from Africa, Asia, and Latin America. Furthermore, there are over sixty different languages spoken in Regent Park, making it one of Toronto's most culturally diverse communities.
A hopeful new chapter in the history of Regent Park has started with a revitalization project that is estimated to cost $1 billion and require fifteen years to complete. The new area will include a mix of condos for sale in Regent Park as well as, affordable housing units and effervescent new retail and community spaces.
History
Regent Park emerged from the debris of what was once the southern portion of the Cabbagetown neighbourhood. During the 1930s, South Cabbagetown was one of the worst slums in the City of Toronto and was targeted by municipal developers for a great urban renewal plan dubbed Regent Park.
Constructed in 1949, Regent Park is merited for being Canada's first public housing community. Regent Park was extended in the 1950s to take in the area south of Gerrard Street, which became known as Regent Park South.
Regent Park's apartment dwellings are completely social housing, and envelop the entire 69 acres (280,000 m²) which encompass the community. At the time the neighbourhood known as Cabbagetown was razed in the process of creating Regent Park.
Transportation
Regent Park real estate agents’ MLS listings might make note of the fact that most errands can be accomplished on foot in the neighbourhood. However, public transportation options do exists and bike sharing is available from BIXI Toronto.
Furthermore, Regent Park is serviced by the TTC’s streetcar routes: 501, 505, 506, and the route: "65 Parliament" bus. The streetcars offer expedient access to the Yonge subway line. The Gerrard bus and the Dundas streetcar link riders to the Yonge-University-Spadina subway line. The Parliament streetcar links to Castle Frank station on the Bloor-Danforth subway line.
The major highway known as the Don Valley Parkway runs on east of the Regent Park neighbourhood. For motorists, the DVP has an exit ramp from River Street. The Gardiner Expressway and Lake Shore Boulevard are also just minutes away. Regent Park has about 2 car shares from Zipcar.
Retail and Schools
Within this community, a restricted quantity of shops and services are located along Gerrard, River, and Parliament Streets. Additionally, there is a community health centre and a few of local convenience stores situated in the middle of Regent Park on Belshaw Place.
Also, residents and visitors alike will find groups of shops, restaurants and bars north on Parliament, east of the valley or west of Parliament along Queen.
This neighbourhood was previously a food desert though some new amenities have entered the area including a grocery store and a bank. The revitalization project aims to bring vibrant shops and businesses into Regent Park.
Entertainment
Within the Regent Park neighbourhood there are many entertainment and recreational attractions to take part in. The new Regent Park Aquatic Centre (640 Dundas Street East) features a lap pool, leisure pool, therapy pool, Tarzan rope, diving board, waterslide, and large sliding glass doors that open onto a sun terrace.
The Regent Park Community Centre (203 Sackville Green) includes a gymnasium, weight room, games, and an arts and crafts room. For more entertainment,
the Regent Park Recreation Centre (415 Gerrard Street East) also includes an outdoor pool, small gymnasium and a meeting room.
Additionally, there are two outdoor artificial ice rinks in Regent Park as well as a baseball diamond, a swimming pool, and children’s playgrounds.
The Parliament Street Public Library, located on Gerrard Street East offers a wide selection of programs for children and adults.
