Danforth Village lies north of Danforth - land previously under the ownership of the Church of England, whereas south Danforth was owned by families engaged in farming or in the brick-making business. In 1908, Danforth Village was annexed to the City of Toronto and the area began to thrive in 1918 with the completion of the Prince Edward Viaduct. Another regional boost to the economy came with the opening of the Bloor-Danforth subway in 1966. Danforth Avenue was named after Asa Danforth, an American contractor who ironically had no role in the construction of the road but instead was involved in the construction of Kingston Road in 1799.
Danforth Village is mostly known for its shopping district, however, aside from its boutiques, you will also find a diverse range of restaurants catering to any palate due to its multicultural demographic. Compared to other regions in Toronto, Danforth Village is quite affordable. In fact, it has become a hot spot for young professionals, young families with children, and retirees who are looking to downsize. There is a lot of green space in this area, including a splash pad for summer fun at Oakpark and Epsom/Burrell. Monarch Park is one of the leafiest grassy knolls in the East end with an off-leash dpg zone. Another benefit to living in Danforth Village is that it is well linked to the downtown core via public transit and it is easily accessible by auto routes which allow you to quickly exit the city.
According to the May 2015 TREB report, the average sales price for homes in this area is $665,753. The region offers a wide variety of housing options: detached houses, semi-detached houses, townhouses, and apartments. The average price for a detached home in this region is $798,315. The most common housing type is the two storey, three bedroom semi-detached home with an average price of $737,870. The average price for townhomes is $246,000, and the average price for an apartment is $235,421.