Homes Stats
Homes For Sale: 28
Homes For Lease: 31
Average List Price: $798,356
Commerical Stats 30 day average
Commercial For Sale: 3
Commercial For Lease: 12
Average List Price: $126,667
Area Description
Regent Park is a neighbourhood located in downtown Toronto, Ontario, Canada. Regent Park is Canada's oldest and largest social housing project; built in the late 1940s. The project is managed by Toronto Community Housing. Formerly the centre of the Cabbagetown neighbourhood, it is bounded by Gerrard Street East to the north, River Street to the east, Shuter Street to the south, and Parliament Street to the west.
The average income for Regent Park residents is approximately half the average for other Torontonians. 41% of the population living in Regent Park are children 18 years and younger (compared to a Toronto-wide average of 30%). A majority of families in Regent Park are classified as low-income, with 68% of the population living below Statistics Canada's Low-Income Cut-Off Rate in one of its census tracts, and 76% in the other (compared to a Toronto-wide average of just over 20%). See related articles, Poverty in Canada.
Regent Park's residential dwellings, prior to the ongoing redevelopment, were entirely social housing, and covered all of the 69 acres (280,000 m-¦) which comprise the community. The Toronto neighbourhood, formerly known as Cabbagetown, was razed in the process of creating Regent Park; the nickname Cabbagetown is now applied to the historical, upscale area north of the housing project.
More than a half-century old, the Regent Park projects were aging rapidly and in need of costly repairs. The city government developed a plan to demolish and rebuild Regent Park over the next ten years, with the first phase having started fall 2005. The addition of market units on site will double the number of units in Regent Park. Former street patterns will be restored and housing will be designed to reflect that of adjacent neighbourhoods (including Cabbagetown and Corktown), in order to end Regent Park's physical isolation from the rest of the city.
In support of the Clean and Beautiful City campaign by former mayor David Miller, and to further the goal of renewing architecture in all Toronto Community Housing Corporation projects, an architectural competition was held for the design of the first apartment building in the complex. Toronto-based architectsAlliance was selected winner of the competition, with a modern glass point tower set on top of a red-brick podium structure in their proposal.