Homes Stats
Homes For Sale: 16
Homes For Lease: 9
Average List Price: $876,124
Area Description
Riverdale is a large neighbourhood in Toronto, Ontario, Canada. It is bounded by the Don River Valley to the west, Danforth Avenue and Greektown to the north, Jones Avenue, the CN/GO tracks, Leslieville to the east, and Lake Shore Boulevard to the south.
Riverdale is a thriving residential neighbourhood in Toronto, located just east of the downtown core. Since its amendment to the City of Toronto in 1884, it has developed a stature as a neighbourhood of independent arts, with several independent galleries located along Queen Street East. The residential landscape within Riverdale is made up primarily of Victorian and Edwardian style homes, constructed in the 1800s as boarding rooms for the working-class. Many of the residences have since been redeveloped into homes for young families with homes redesigned to fit the tree-lined streetscape. In recent times, local housing values have increased significantly. With this a new generation of young professionals and their families have moved into the area, furthering already widespread gentrification.
Riverdale's character is composed primarily from its multiculturalism; with several cultural neighbourhoods along its major paths. Danforth Avenue (commonly referred to as "The Danforth" in Greek Town) has a high concentration of Greek restaurants while Gerrard Street East and parts of Broadview Avenue are home to a variety of Asian shops and restaurants (referred to as East Chinatown). South of Queen Street East are several large corporate film studios extending down to the waterfront. Riverdale is home to the Gerrard Square Mall; which features a variety of retail, restaurant, and small shops. The neighbourhood's character is also defined by the CN Railway, which separates the area into two districts, North Riverdale (north of the tracks) which is primarily residential (for the exception of Gerrard Square Mall and The Danforth and South Riverdale (also known as the Riverside District) (south to Lake Shore). Riverdale is also home to three large recreational parks; Riverdale Park, adjacent to the Don River, Withrow Park, in the North Riverdale, and Jimmie Simpson Park, in the Riverside District. These three parks serve as great landmarks within the neighbourhood that many residents use for various activities, from swimming in outdoor pools to tobogganing down the steep hills in Riverdale Park during the wintertime. These are the most common outdoor spaces within the area and according to Toronto's Official Plan, are to be preserved as an area of green space in the years to come.
Riverdale is often said to refer to the stretch of Toronto east of the Don Valley Parkway and west of Jones, between Danforth Avenue (north) and Gerrard Street (south). However, this area is usually referred to as North Riverdale, and Riverdale itself covers a much wider area and includes many smaller communities, usually centred around a 'high street' or commercial area.
Riverside is a mixed income and largely multicultural neighbourhood currently experiencing a trend of gentrification along Queen St. East and Broadview Ave. While it is a small neighbourhood it is home to several places of note such as the former Don Destructor, Toronto's only garbage incinerator, and Don Mount Court, a social housing project which was recently redeveloped as a mixed social housing and market value community. The market value portion is being sold under the name Rivertowne.
Riverside is known for its presences of many historic buildings and rich cultural heritage. Unquestionably, the biggest landmark in the neighbourhood is the New Broadview House Hotel, a romanesque hotel constructed in 1893 that was the tallest structure in South Riverdale for several decades. Other major landmarks include the Ralph Thornton Community Centre, Broadview Lofts, and The Opera House. Riverside was also the location of Sunlight Park, Toronto's first base ball park.
The area was once home to a large young population which is evident in the cluster of schools just east of Broadview Ave. Dundas Jr. Public School is the resident school for children in kindergarten through to fifth grade, after which they are transferred over to Queen Alexandra Sr. Public School which sees students through to eighth grade. It is also home First Nations School of Toronto, a cultural survival school that places heavy emphasis on aboriginal values and culture, and the current location of SEED Alternative Secondary School, Canada's first public alternative school.
Riverside is rapidly emerging as the district for independent design, furniture, and food retailers, as well as restaurants.