Business In Cabbagetown
Cabbagetown’s convenient downtown location, proximity to parks and its beautiful Victorian homes attracts artists, musicians, writers as well as academics, doctors and other professionals. Median income in some census areas in the neighbourhood is nearly $130,000 – more than twice the Toronto average and comfortably in the top 10% of all Canadian households - and has allowed high-end retailers, restauranteurs and service providers to prosper.
The on-going $1 billion renewal of the Regent Park neighbourhood immediately south of our business district ensures this demographic segment will continue to grow – up to10,000 additional middle and upper-income families are expected to join our community in the coming decade.
These affluent consumers shop locally. A survey of residents found nearly half of those canvased shopped daily on Parliament or Carlton streets. They also identified clothing, jewelry, giftware, antiques and deli and prepared foods among items recently purchased.
Local attractions, including Riverdale Farm and Toronto Necropolis, also draw regional and international visitors to what Tourism Toronto calls “one of the most attractive neighbourhoods in Toronto.” The Cabbagetown Festival attracts an estimated one million day trippers during its three-day run.
Cabbagetown offers the same crucial elements of other business locations serving affluent consumers – proximity to high-income earners - but at much lower cost. Explore your opportunity to become part of our community by contacting Doug Fisher at 416 921 0897 or via email@example.com.
47% - Residents saying the high quality of goods attracts them to Cabbagetown shopping
$764,500 - Average sold price for Old Cabbagetown family homes (January 2011)
Up to $129,109 - Median household income in wealthiest census tract
$2,149 - Average monthly rental rates for retail and professional spaces, 2007 - 2010