We have yet to see whether the Ontario Line will be an absolute game changer for Toronto.
But we should definitely know which areas this new subway line is going through because it’s going to affect our investment decisions going forward.
So let’s get started!
We’re now in the Union Station area. You can see all the train tracks there. This is where the subway connects to the Go Train, Via Rails and the Airport Express.
The financial district, Scotia Bank Arena, CN Tower are all in this area as well.
So where’s the Ontario Line?
The first station starts on the west end of downtown Toronto.
Let’s go along the Gardiner Express to the Ontario Place.
This is the starting point of the Ontario Line, the Ontario Place Station.
From here, you can walk to the CNE, the BMO Field, Coca-Cola Coliseum, the Exhibition Place and Hotel X.
If you’ve been to an event in one of these venues, you know you have to budget an hour for traffic jams getting into and out of the venue.
And of course the super expensive event parking fees will add on top of your tickets.
So the new subway station will definitely be a nice solution to the traffic problems in this area.
Now let’s move on to the second station.
And it will be right here at Bathurst and King Street West.
King West is a hippie area well known for pubs and restaurants.
The new subway is going to connect this west part of downtown to the central part.
The next station is one block north at Queen Street West and Spadina.
You can connect to street cars here running along Spadina.
The University of Toronto is just 2 blocks north of here.
The Ontario Line subway is going to move along Queen Street towards the heart of downtown.
The next station is the Osgoode station at Queen and University.
This is an important station because this is where the Ontario Line connects to our existing yellow subway line that runs along University Ave.
You can tell from the buildings that we’re in central downtown.
There’s the City Hall, Toronto General Hospital, Sick Kids, the Shangri-La Hotel.
Let’s continue on Queen Street.
And the next station is Yonge and Queen.
Our existing yellow subway line has a U-shape, right?
University Avenue is the left side of the U and Yonge St is the right side of the U.
And they connect at Union Station, which is the bottom of the U.
So the existing subway connects people from north to south.
And the new subway fills the horizontal gap by connecting people from west to east.
The subway lines will meet at University and Yonge, so now you have people connected in all directions.
Moving along Queen’s Street towards the east…
The next station is at Moss Park at Queen and Jarvis.
If you have been following me, you’re probably familiar with condos along Church Street and Jarvis Street because I often recommend them as value buys.
You can get them at relatively lower prices because they are slightly off the most central part of downtown, yet you can just walk to the centre within 10 minutes.
Now, the new Ontario Line is going to add even more potential to the area.
Speaking of this area, there are 2 great pre-construction projects coming to the market very soon.
The first one is called Elektra by Menkes at Dundas and Jarvis.
If you’re looking to invest in a commodity product in downtown Toronto, this will be an excellent choice.
The second one is 60 Queen Street East by Tridel, right at the northeast corner of Church and Queen.
This condo will feature bigger units, around 67% of the building will be 2 bedroom and 3 bedroom units.
Tridel hasn't launched a product in core downtown for quite a while, so I’m pretty excited about it.
Now, we’re moving off Queen Street towards southeast downtown at King and Parliament.
This is around the Distillery District, the famous historic area for food and beer.
Next, we’re moving to the East Harbour Station.
It seems like a weird choice to put a station here since there’s not much in the area.
This area is actually part of the East Waterfront Revitalization, so it’s going to look drastically different 10 to 20 years down the road.
We’ll be leaving the downtown area now.
Moving northeast, through Leslieville… I’m skipping a couple stations along the way as we’re just going through some low-rise neighbourhoods.
And we’ve arrived at Bloor Street.
The existing green subway line goes along Bloor street connecting the east and west.
And the Ontario Line connects to the green subway line here at Pape Station.
3 more stations along the way and we’ve arrived at the terminal station, the Science Centre, at Don Mills and Eglinton.
See all that construction along the Eglinton Ave?
Those are the tracks for the Eglinton Crosstown Light Rail.
This satellite view is not most up to date.
The Science Centre station has actually been built already and the light rail trains should be up and running coming September.
So you can connect from the Ontario Line to the Eglinton LRT here and it brings you east to Kennedy, west to Forest Hill and eventually to Pearson Airport in the future.
I hope you enjoyed our ride on the Ontario Line today.
You see, real estate investment is not just about the floor plan and the price.
It’s about understanding what’s happening in the city, the country and the global economy.
What you need is the big picture, don’t get stuck in the small details.
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