For some people it’s only a stop between Union Station and the ‘burbs on the Lakeshore West Go Train route. For others, it’s just a funny word.
But Mimico is becoming the go-to place for Torontonians who want to get a prime piece of real estate along the wonderful waterfront. That’s the thrust of a new Toronto Life story that sheds some lights on the up-and-coming Toronto area.
While mansions and bungalows and two-storey homes are commonplace in Mimico, new condo developments are becoming more prevalent.
The article notes that first time buyers and empty nesters are finding the area more and more appealing as condo developments like Davies Smith‘s Eleven Superior and Empire‘s Beyond the Sea are springing up in the eastern edge.
Toronto Life also points to the creation of Mimico Square, a new waterfront park and performance space that opened in 2010, as heralding a new era of growth for the community. “The area is part of an $18-million expansion that adds green space and cantilevered boardwalks,” they write.
The development of Mimico Square was a collaboration between Lakeshore Arts, the neighbourhood BIA, developers and the city.
The Toronto Life article is the first in a series called “Where to Buy Now” that profiles 10 of the cities hottest neighbourhoods.
It’s a great idea and we’ll definitely be following as they count down the hottest ‘hoods!