Corktown is located just east of Toronto’s downtown core, and its boundaries are roughly Berkeley Street to the west, Shuter Street to the north, the Don River to the east and Lakeshore Boulevard to the south. Nearby neighbourhoods to the east of Corktown include Riverdale and Leslieville, both can be reached within minutes by car. Corktown derives its name from the fact that many of the original settlers in the early 19th Century were Irish immigrants from the County of Cork.
Up until recently, you probably would have had a hard time convincing someone looking to buy downtown, that Corktown real estate was right for them. However, in the past decade or so, Corktown homes and real estate have undergone significant change – what were once derelict factory and warehouse spaces are now trendy loft and work/live conversions, and the centuries old townhouse mews scattered throughout the neighbourhood have become very desirable pied a terre for downtown dwellers. The rapidly declining availability of affordable homes for sale in downtown Toronto has led inevitably to interest in the somewhat raw Corktown real estate, and a demographic shift from blue to white collar. Change and revitalization seems to be an unstoppable force in many areas of Toronto, and there seems to be no better example currently than Corktown, as young professionals make it their own.
The emergence of the Gooderham and Worts Distillery as a destination shopping and entertainment district combined with the proximity to the St. Lawrence Market area and the rapid gentrification of neighbouring Riverdale and Leslieville, has put Corktown real estate firmly on the map as urban living at its most convenient.
Corktown has a population of about 6,000 residents, the median household income is slightly above average for the City of Toronto and the average price of Corktown homes for saleis $350,000.