The Bay Street Corridor was formerly known as St. John' Ward, which later became known as just 'The Ward'. In the 1890s The Ward was populated by Jewish immigrants fleeing Eastern Europe and Italians, as these first immigrants became more established they were replaced by Chinese immigrants. With the construction of the New City Hall in the 1950 many of the residents relocated to Spadina Avenue, what is now Toronto's Chinatown. Ever since 1827, with the founding of Kings College, what we know today as University of Toronto The Bay Street Corridor has been an area of key importance for the city of Toronto. In the 1990s this area saw a large condo construction boom, which has continued on until today
Residing in the Bay Street Corridor means that you are in the centre of everything happening in Toronto. You are minutes away from the Financial District, the Discovery District, the Hospital District, Toronto City Hall, Ryerson University, the University of Toronto and downtown Yonge Street. The Bay Street Corridor is also one of Toronto's most densely populated areas. In terms of lifestyle, this location has a lot to offer. Here you will find everything from convenience type stores and restaurants to the upscale stores, home furnishing stores, and upscale restaurants. During winter time the Bay Street Corridor residents can avoid the cool weather by ducking inside the Atrium on Bay, there is also the College Park Shopping Mall, Eaton's Centre and the Manulife Centre. Most of these shopping centers are connected by Toronto's underground PATH retail course. Aside from shopping, the YMCA is also nearby where you can get in a good workout, or a swim. If you like the outdoor just off of University Avenue is the Queens Park which offers a footpath, many statues and monuments. The University of Toronto's Hart House is also open to the general public but on a membership basis, offering many activities such as athletics, arts, and food and living classes.You will see many condominium buildings, many have been built in the past ten to twenty. These are luxury buildings offering 24 hour concierge service and recreational amenities. According to the TREB report for July, the average selling price for all home types is $499,969. The average selling price for the detached single house is $1,062,791. The average selling price for the semi-detached is $860,938. Condominium townhouses are selling for the average price of $720,958, and condominium apartments are selling for the average price of $459,729.