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The Next Hot ’Hoods
Agents and analysts agree: these three enclaves show early signs of gentrification, promise big returns and are simply great places to live By Bert Archer
Semis move fast on Milverton Boulevard
Image credit: All photographs by Nikki Ormerod
Danforth Village
Just east of Greektown, this neighbourhood of semis and solid ’50s bungalows has remained dirt cheap largely due to its mixed reputation. But the crack houses have been cleared out, and listings on some streets are selling lightning fast—between 10 and 16 days. The reasons? For one, properties are priced right (in the low $400,000s, and they’re going for between 97 and 99 per cent of asking). A bigger factor is the multicultural mix (Greek, Chinese and Middle Eastern), which ensures this is a welcoming destination for recent immigrants. What in other parts of town is called the synagogue effect is already taking hold here: the Madina mosque at Danforth and Donlands—a magnet for Indians, Pakistanis and Somalis—is undergoing a $4‑million expansion into a 25,000-square-foot edifice with an 86-foot minaret. Ultimately, the neighbourhood’s rise is guaranteed as the forces of gentrification close in from the west and south.
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