1. Affordability and budget considerations:

The real estate market in Riverdale has seen steady growth over the past several years, with housing prices continuing to rise. As of 2022, the average selling price for a detached home in Riverdale is approximately $1.8 million, while the average price for a semi-detached home is around $1.5 million. Condos in the area typically sell for an average price of $700,000 to $1 million.

These prices may be higher than other areas of Toronto, and buyers should carefully consider their budget and affordability before making a purchase in Riverdale. Working with a reputable real estate agent can help buyers find properties within their price range and negotiate the best possible deal.

2. Type of property and investment goals:

Buyers should also consider their investment goals when choosing a property in Riverdale. For example, if the goal is to purchase a long-term family home, a detached house with a yard and multiple bedrooms may be the best option. Alternatively, those looking for a low-maintenance investment property may prefer a condo or townhouse.

Investors may also consider purchasing properties that can be rented out, either as a traditional rental or through short-term rental platforms such as Airbnb. However, it’s important to research local regulations around short-term rentals, as these laws can vary between cities and neighborhoods.

3. Local zoning and regulations:

Before making a purchase in Riverdale, it’s important to understand the local zoning and regulations. These regulations can impact a property’s potential for renovation or development, as well as its value.

For example, the City of Toronto recently implemented new regulations around laneway housing, which allows homeowners to build small secondary dwellings on their property. Buyers should research the rules around laneway housing in Riverdale before purchasing a property, as this can impact the potential for future development.

4. Neighborhood trends and future developments:

Finally, buyers should consider the neighborhood trends and future developments in Riverdale. This includes new condo developments, commercial spaces, and other changes that may impact the demand for properties in the area.

One major development in the area is the East Harbour project, a new mixed-use development that will include residential, commercial, and office space. The development is expected to bring thousands of new jobs to the area, which may increase the demand for housing.

Other upcoming developments in the area include the redevelopment of the Leslie Street Spit and the expansion of the Broadview Hotel. Buyers should research these developments and their potential impact on the neighborhood before making a purchase.

1. Community Events and Festivals:

Riverdale is home to several community events and festivals throughout the year, including:

1. Riverdale ArtWalk: This annual event showcases the work of local artists and takes place in June at Jimmie Simpson Park.
2. Taste of the Danforth: This popular summer festival celebrates Greek food and culture, and draws crowds of over 1 million people each year.
3. Riverdale Farm Fall Festival: This family-friendly event takes place in September at Riverdale Farm, and features hayrides, pumpkin carving, and other autumn activities.

2. Parks and Green Spaces:

Riverdale is home to several parks and green spaces, including:

1. Riverdale Park: This large park offers stunning views of the Toronto skyline and features a running track, baseball diamond, and playground.
2. Withrow Park: This popular park is a favourite among families, and features a wading pool, ice rink, and community garden.
3. Jimmy Simpson Park: This small park is home to the Leslieville Farmers’ Market, and features a playground and basketball court.

3. Restaurants, Bars, and Cafes:

Riverdale is known for its diverse culinary scene, with a range of restaurants, bars, and cafes to suit any taste. Some popular spots include:

1. Lady Marmalade: This popular brunch spot is known for its creative twists on classic dishes, like stuffed French toast and eggs benedict.
2. Aft Kitchen & Bar: This cozy restaurant offers a menu of Mediterranean-inspired dishes and a selection of craft beers and cocktails.
3. Boxcar Social: This trendy cafe and bar serves up a range of coffee drinks, wines, and spirits, and features a cozy fireplace and outdoor patio.

4. Schools and Educational Institutions:

Riverdale is home to several top-rated schools and educational institutions, including:

1. Riverdale Collegiate Institute: This high school is known for its strong academic programs and extracurricular activities, including a drama club and sports teams.
2. Pape Avenue Junior Public School: This elementary school has a strong focus on technology and innovation, and offers a range of extracurricular programs like chess club and robotics.
3. Greenwood College School: This private school offers a rigorous academic program and a range of extracurricular activities, including athletics and performing arts.

1. Access to Public Transportation:

Riverdale is well-served by public transportation, with several TTC subway stations and bus routes serving the area. Broadview Station, which is located in the heart of Riverdale, is a major transit hub that connects the neighborhood to downtown Toronto and other parts of the city.

According to the TTC’s 2021-2025 Corporate Plan, the agency plans to invest in a range of initiatives to improve public transportation in Toronto, including increasing bus and streetcar service, expanding subway lines, and improving accessibility for riders with disabilities. These initiatives are expected to benefit Riverdale residents by making it easier and more convenient to get around the city.

1. Major Highways and Roads in Riverdale:

Riverdale is located in close proximity to several major highways and roads, including the Don Valley Parkway (DVP), which provides easy access to downtown Toronto and other parts of the GTA. The DVP is one of the busiest highways in the city, with an average daily traffic volume of over 100,000 vehicles per day.

Other major roads in the area include Gerrard Street East, Queen Street East, and Broadview Avenue, which provide direct access to other neighborhoods in the city. These roads can be congested during rush hour and on weekends, however, so residents should plan their travel accordingly.

2. Bike Lanes and Walkability:

Riverdale is also a very walkable and bike-friendly neighborhood, with several bike lanes and paths available for residents to use. The Martin Goodman Trail, which runs along the waterfront, is a popular spot for cyclists and runners, offering stunning views of Lake Ontario and the Toronto skyline.

According to Walk Score, a website that ranks neighborhoods based on their walkability and access to amenities, Riverdale has a walk score of 90 out of 100, making it a “walker’s paradise.” The area also has a bike score of 93 out of 100, indicating that it’s very bike-friendly.

With the COVID-19 pandemic prompting many people to seek out outdoor activities and alternative modes of transportation, the walkability and bike-friendliness of Riverdale has become an even more important factor for buyers and renters in the area.