Old Toronto · Toronto Neighbourhood Guide
South Parkdale
More affordable and renter-majority, in the heart of Old Toronto.
20,495
Population
37.2
Median Age
$57,200
Median Household Income
1.8
Avg. Household Size
What It Rents For
Renting in South Parkdale
$1,945
Average Rent / Month
3.9%
Rental Vacancy Rate
+1%
vs. GTA Average ($1,917)
Source: CMHC Rental Market Survey, October 2025 (Toronto (West) zone). Adapted from CMHC data; this does not constitute CMHC endorsement.
About South Parkdale
South Parkdale is a renter-majority neighbourhood, where about 85% of households rent. With a median household income near $57,200, it's one of the more affordable parts of the city. Households span a range of ages and sizes — the kind of broad, mixed neighbourhood that holds value through cycles.
Rents track close to the GTA average of $1,917, making it a practical part of the city for buyers and tenants alike. 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 South Parkdale, we bring a builder's eye to what a property can actually become.
What We Build Here
Building & Renovating in South Parkdale
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Transit, walkability & what’s being built in South Parkdale
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Common Questions About South Parkdale
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