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Good ’Hoods: Best Toronto Neighbourhoods for Entrepreneurs

Toronto is a mecca for Canadian entrepreneurs: with a diverse population of over 2.9 million, setting up shop in Toronto puts you at the heart of a flourishing marketplace where inspiration is as limitless as opportunity. Here, the best and brightest – and most driven – come to work hard and play even harder. If you’ve got plans to cultivate your million-dollar idea in Canada’s city of dreams, consider our picks for the best Toronto neighbourhoods for entrepreneurs.

A young entrepreneur chatting on a cell phone in a wine bar, King West Village

King West Village

Reigning monarch of the double-down lifestyle that gets entrepreneurs firing on all cylinders is King West Village – sometimes referred to as the Soho of Toronto. Here, promising initiatives are launched from light-filled luxury apartments or condos, then toasted over dinner at the finest bars, restaurants and nightclubs of our city’s entertainment district.

Though King West rolls out the red carpet for silver-screen glitterati at the Toronto International Film Festival, it’s not just a hotspot for big ideas and swanky parties. Hard-working urbanites are drawn to the convenience and polish of the neighbourhood’s ample shared workspaces and commercial office spaces – the perfect settings for wooing potential investors and impressing future clients – all while being within walking distance of everything downtown has to offer. If you like your residence refined, your business bustling, and your nightlife nonstop, join the fun! 

Boutique men's shoe store, The Junction

The Junction

If you prefer more elbow room for putting in your elbow grease, West Toronto Junction has it. Amid the hip-meets-old-timey charm of the Junction, you’ll find some of the city’s finest examples of Victorian architecture, complete with finished basement apartments (read: extra income) and stately upper floors - perfect for meetings with clients if you’ve opted out of tighter spaces downtown. While revitalization of this ’hood is well under way, there are still plenty of older spaces left to convert and repurpose as the backdrop for your big venture if “eclectic” or “elegant” are words you’d want in your brand book.

Put down roots in the excitement of this ’hood and you can straddle two convenient commutes:  you’re close to the Bloor east-west subway line (to get you downtown), and if you need to visit out-of-town clients, nearby Black Creek Drive becomes the 400 highway and soon delivers you to the 401 (the major east-west artery for the entire Greater Toronto Area). Of course, if you’d like to join the diverse ranks of local business owners and artists, young families and young professionals, your window of opportunity is closing: while property values haven’t shot up quite so quickly here as they did elsewhere in Toronto, it won’t be long.

Young entrepreneur working on a laptop in a cafe, Greenwood Coxwell

Greenwood Coxwell

Lesser known than some east-end neighbourhoods is Greenwood Coxwell, where more-affordable homes and commercial space have attracted young families looking for starter homes, entrepreneurs looking for startup spaces, and everyone in between. Long-timers have ceded fair territory to a gentrifying crowd of boutique grocers, breweries, and Toronto’s best Indian and Ethiopian cuisine. At a GC café, you’re elbow-to-elbow (figuratively, of course) with Toronto’s growing east-end creative class, plugged in on laptops and switched on by caffeine.

Perhaps you’re thinking Leslieville is the sweet spot for opening a new business, and/or you’d be happy to partake of the existing, established (and delicious) businesses along the Danforth?  “The GC” is within easy biking distance of both - not that there wouldn’t be ample opportunity right on your own doorstep. With sprawling Greenwood Park right next door and farmer’s markets offering rural bounties throughout the week, there are plenty of ways to refresh your gumptious mind when you set up shop in this understated ’hood.

A Purplebricks REALTOR®, entrepreneurial at heart, is a great guide to Toronto ’hoods for the business-minded. Purplebricks provides full-service experiences with incredible rewards: clients receive $2,000 cash back* when they purchase a home and save thousands in commission when they sell! Call 1-877-888-3131 to learn more.