Old Toronto · Toronto Neighbourhood Guide
Downtown Yonge East
Renter-majority and more affordable — a corner of Old Toronto with its own character.
17,700
Population
32.8
Median Age
$69,500
Median Household Income
1.6
Avg. Household Size
What It Rents For
Renting in Downtown Yonge East
$2,163
Average Rent / Month
2.8%
Rental Vacancy Rate
+13%
vs. GTA Average ($1,917)
Source: CMHC Rental Market Survey, October 2025 (Toronto (Central) zone). Adapted from CMHC data; this does not constitute CMHC endorsement.
About Downtown Yonge East
Downtown Yonge East is a renter-majority neighbourhood, where about 64% of households rent. With a median household income near $69,500, it's one of the more affordable parts of the city. It's a younger neighbourhood, dense and transit-oriented, with households that turn over more often.
Renting here commands a premium over the GTA average of $1,917 — a sign of sustained demand. For investors and owners eyeing a high-demand, transit-rich pocket, the relevant questions are about multiplex potential and purpose-built rental — the build-and-hold strategies we evaluate with construction-informed due diligence.
Metrohomes has been designing and building across Old Toronto since 1988. Whether you're weighing a renovation, a garden suite, a multiplex, or a custom new build in Downtown Yonge East, we bring a builder's eye to what a property can actually become.
What We Build Here
Building & Renovating in Downtown Yonge East
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Common Questions About Downtown Yonge East
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We take on 7–10 projects at a time. Each one gets our full attention.