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The best places to live bring you closer to more of what matters, making everyday life a little easier. That means more space to feel at home, more ways to enjoy the neighbourhood, more parks and greenspace nearby, and easy connections to get around the city. At Everworth 235 Balliol, renters can have it all. This new purpose-built rental community brings modern thoughtfully-designed suites and practical amenities to Davisville Village, one of Midtown Toronto’s most walkable and well-connected neighbourhoods.

Now leasing with immediate move-ins available, 235 Balliol St offers one-, two- and three-bedroom apartments designed for renters who want their home, building and neighbourhood to work together to match their needs, interests and lifestyle.

Why Rent an Apartment in Davisville Village?

There are many reasons why this area between Yonge St and Mount Pleasant Road is a prized part of Toronto. Davisville offers a quieter, more residential setting without putting downtown out of reach. With excellent walkability and enviable proximity to public transit, living here gives residents everything within easy reach.

These new apartments near Davisville TTC Station connects residents to Line 1, making it easy to travel south to the downtown core or north toward Yonge and Eglinton, Yorkdale and North York. With a 94% walkability score, the neighbourhood makes everyday errands easy to complete on foot. Groceries, cafés, restaurants, shops and essential services can be found along Yonge Street, Mount Pleasant Road and Bayview Avenue. Whether you are picking up dinner, meeting a friend for coffee or taking care of a quick errand, having excellent destination options close to home helps upgrade your standard of living. This combination of walkability and transit access makes 235 Balliol an ideal option for renters searching for a great place to live that doesn’t require relying on a car.

A New Rental Apartment Surrounded by Green Space

Living in the city does not have to mean giving up access to nature, and life at 235 Balliol puts renters in a prime spot to enjoy it. The Kay Gardner Beltline Trail provides a tree-lined route for walking, running and cycling through the neighbourhood. June Rowlands Park is only a block north and is a recreation hub for the area. With sports fields, a playground, a splash pad, tennis courts, an off-leash dog area and the seasonal Davisville Village Farmers’ Market, living next to June Rowlands Park has something for everyone, from families to professionals to retirees looking to stay active. Close by, the famous Mount Pleasant Cemetery is a National Historic Site that offers another expansive green setting within the neighbourhood. With paved pathways and a nationally recognized arboretum, morning runs or evening walks bring a little more calm to the everyday.

New Suites Designed for a Better Everyday Life

From one-bedroom suites to three-bedroom layouts and select one-bedroom-plus-den options, there is a home at 235 Balliol that’s perfect for your lifestyle, whether you live alone, work from home, share with a roommate or need additional bedrooms for your family.

Each suite includes conveniences that make a noticeable difference day to day. In-suite washer and dryer, dishwasher, air conditioning, individual thermostat and in-suite storage make this building the new home for upgraded rental living. Clean, contemporary light-filled layouts include private balconies that extend the living area outdoors, while brand new appliances and European kitchen cabinetry adds a luxurious and sophisticated touch that pushes these suites to a rental experience that feels anything but ordinary. With additional features in select suites including walk-in closets, ensuite bathrooms and views overlooking the park or city, there are homes at 235 Balliol that complement the life renters want.

Amenities That Give You More Options at Home

The shared amenity spaces at 235 Balliol are designed around how residents really spend their time. A co-working space provides a dedicated place to focus when working remotely or studying, without taking over the dining table. The fully-equipped fitness studio makes it possible to get a workout into your day without travelling to a separate gym or paying for an additional gym membership. When it is time to unwind or celebrate, residents can make use of the party rooms, games room, outdoor terrace and BBQ area. With storage facilities, on-site bike parking, and an on-site convenience store, additional conveniences are included right at home.

At 235 Balliol, it’s understood that pets are also valued family members. Renters searching for pet-friendly apartments in Toronto will appreciate features including an on-site dog run and dog wash, which give pets their own recreation space and make puppy spa days or cleanup after wet or muddy walks easier for everyone.

What Makes 235 Balliol Different from Other Midtown Toronto Apartments?

Finding a new rental residence in an established neighbourhood in Toronto is an incredibly rare find. This is what makes Everworth 235 Balliol so special. Residents do not have to choose between modern suite features and nearby green space, or between on-site amenities and convenient transit. At 235 Balliol, all of these elements come together in one coveted Davisville Village address. Here you can enjoy the best of what the city offers with dining, shopping, entertainment and essentials practically at your doorstep, while having easy access to the hustle and bustle of Downtown Toronto.

With more than 50 years of professionally managing and maintaining rental communities across Southern Ontario and the GTA, Park Property Management is thrilled to bring this new building to an in-demand neighbourhood. Here, residents can experience a rental upgrade – whether that’s finding a larger suite, modern layouts, higher-quality features, new amenities or the draw of living in this incredible community. 235 Balliol is a home where residents feel connected to this thriving and vibrant neighbourhood from the day they move in.

Book a Tour of 235 Balliol Street

A list of features can tell you what an apartment includes. A tour lets you see how the suite feels, explore the amenities and experience the Davisville neighbourhood for yourself. If you are looking for a new apartment for rent in Midtown Toronto, now is the time to visit 235 Balliol Street. Explore the available suites, find the layout that fits your life and see what makes this brand-new Davisville rental community stand out.

Book your private tour of 235 Balliol today and take the next step toward your new era in Midtown Toronto.

For today’s renters, convenience is key. They want more than just a beautiful apartment. The demand is for a great place to live in a neighbourhood that makes everyday life easier. Living close to resources and services, like shopping, groceries, dining, and access to public transit, has become a priority for those seeking the convenience and flexibility of rental living.

Beyond just convenience, research shows a walkable neighbourhood can support better physical and mental health, stronger communities and an improved quality of life. It’s one of the many reasons renters are turning to Park Property Management in their search for walkable rental communities. With more than 95 buildings close to the neighbourhood amenities that matter most, Park Property Management offers professionally managed apartments in the places that people want to live.

Walkability Makes Everyday Life Easier

A connected way of life is incredibly benefitted by a walkable neighbourhood. Living within a short distance from groceries and other essentials is key. That’s why 62% of Canadians choose to live within an easy walking distance to stores or places to buy their necessities. Easy access to transit, shopping, healthcare and everyday services adds convenience to the daily routine. Park Property Management proudly manages multiple communities in Davisville, Toronto’s most walkable neighbourhood, with two current communities on Balliol Street, and brand-new residences available for move-in this September at Everworth 235 Balliol. With excellent schools, dining, shops, and Davisville Station only steps away, there’s a reason why this is one of the city’s most in-demand places to live. A good walkability score for a neighbourhood means running errands on foot is easy, saves time, and reduces reliance on a vehicle. For Canadians who commute, living within 15 minutes of public transit is a vital part of maintaining a better work-life balance.

Walkable Communities Encourage Healthier Lifestyles

When there’s no need to take the car, walking naturally becomes part of everyday life. People are generally more active when they live in communities with convenient access to public transit, stores within walking distance, safer streets, nearby recreation, and well-maintained surroundings. More opportunities for daily physical activity without changing your routine helps support long-term physical and mental well-being. Having good neighbourhood amenities also encourages better mental health through participation in community or recreational activities. Our communities at 2797 Battleford Road in Mississauga, 53 Thorncliffe Park Drive in Leaside, and 236 Kemp Crescent in Stratford, are just a few of our residences that are located close to parks and walking trails, ideal for enjoying every season close to home.

Walkable Neighbourhoods Build Stronger Communities

Getting out and getting active with neighbours and friends within your community can be an excellent and routine pick-me-up when you’re part of a well-connected community. Living in a safe, walkable neighbourhood creates more opportunities to support local businesses, connect with neighbours and enjoy events and activities in nearby parks and public spaces. Affordability improves by reducing transportation costs to get access to necessities like groceries. When everything you need is within easy reach, it's easier to spend less time commuting and more time enjoying the people and places within your community. Our Cherryhill Village community brings these benefits to life, offering a walkable community where convenience, connection and comfort go hand in hand. Together, these everyday experiences help create a stronger sense of community and make a neighbourhood feel like home.

Find Your Walkable Rental Home

Choosing a rental home isn’t just about the suite – it’s about the lifestyle benefits that come with it. A walkable neighbourhood makes the everyday more convenient by placing groceries, cafes, restaurants, shopping and entertainment all within reach. It fosters a sense of belonging and a stronger community identity. Park Property Management continues to maintain and develop rental communities in prime locations where rental living is comfortable and convenient.

Looking for a new home in a vibrant community? With walkable apartment communities across Southern Ontario and the GTA, find your new home with Park Property Management.

Walkability, transit access, and incredible area amenities – these are just three of the hallmarks that have made Davisville Village notably one of the best neighbourhoods in Toronto. Home to the original northernmost terminal of the TTC Subway line, this beautiful community is largely responsible for the Midtown residential expansion, and transit-friendly urban development in Toronto. Park Property Management is proud to offer excellent residential options within this prime community (221 & 265 Balliol Street) with a third, newly built community coming soon, Everworth 235 Balliol Street! With the perfect balance of neighbourhood charm and urban convenience, it’s hard to find another part of the city that’s more livable.

Connectability

First things first, Davisville has a long history and is a foundational stop on Toronto’s Subway line. It’s been the home of TTC headquarters for nearly 70 years. The concept of transit-focused urban development started here, providing greater access to housing and larger homes than those that were available downtown. You can get from Davisville to downtown in less than 11 minutes! Commuters here are also serviced by robust bus options. The get-anywhere commuter mentality of this neighbourhood makes living here an excellent choice for those who have places to go but opt for public transit, cycling or walking over driving.

Walkability

Commonly referred to as Davisville Village, the idea of a close-knit community is prevalent in this region enclosed by Bayview Ave., Eglinton Ave., Yonge St., and Merton Ave. This area has a walkability score of 94% meaning all daily errands can be easily completed on foot. Dining in this area is excellent with neighbourhood highlights including Dutch-Indonesian treasure Little Sister serving the best nasi goreng outside of Bali. Our community residents have the world at their feet with cafes, shops and conveniences lining Yonge and Bayview. A quick bite, errand, or a little treat is easy to accomplish while living here.

Livability

What makes Davisville one of the best neighbourhoods in Toronto is its enviable proximity to greenspace. The Kay Garner Beltline Trail provides scenic escapes for a daily walk or bike ride. Mount Pleasant Cemetery is a certified arboretum, so seeing deer or foxes on your morning jog is common. From our Balliol residences, you can be taking part in community events, playing pickleball or coaching baseball at June Rowlands Park in less than 2 minutes! Incredible area amenities like these make Davisville one of the easiest places to live well in Toronto.

Desirability

For families and professionals, Davisville is one of the most desired neighbourhoods in Toronto. With spacious two and three-bedroom suites available, 221 & 265 Balliol St are perfect for young families searching for a location to settle into with excellent schools close by. Professionals appreciate the easy commute and the excellent on-site amenities that our communities offer including an outdoor pool and sauna. With apartments in Midtown Toronto in high demand, there’s a little bit of everything in Davisville. Dining, shopping, recreation and social activities can all be found in Davisville, making this neighbourhood one of the best in the city.

With excellent transit access, vibrant local amenities, parks and trails, and a strong sense of community, Davisville represents one of Toronto’s most balanced and livable neighbourhoods. The ideal mix of city energy and neighbourhood comfort, this is a standout destination for those seeking the best of Midtown Toronto. Park Property is proud to be a long-established part of this community, offering Torontonians exceptional rental opportunities in this preferred neighbourhood – and we cannot wait to bring a new Everworth premium rental community here this summer!

Looking to move to Davisville? Register today!

What is the major thing that renters are looking for as part of the search for their next home? Apartments near transit. Easy access to transit. Flexible ways to get around and quick connections to public transit systems have become the top priority for those in the rental market.

For many, having access to a private vehicle isn’t part of their everyday. Getting to and from work or school, and running to appointments or errands, is! Yes, walkability is important, but when you’re looking to venture beyond your bubble, convenient access to public forms of transportation become indispensable. Most Park Property Management communities are conveniently located within a short walking distance of public transit, with many buildings featuring stops right outside their doors!

In a survey conducted by the City of Toronto, 64% of respondents rated proximity to public transit as “very important” (9–10 on a 10-point scale) for choosing where to live. The lack of a private vehicle does not diminish the need to commute. Many opt for public transit for personal, economic or environmental reasons. Students rely on public transit to get to activities or socialize. Many diners arrive by transit instead of driving. Alternative access to get around town is part of a holistic lifestyle – including city bikes or scooters in addition to buses, subways and streetcars.

Convenient access to transit options allows for greater choice when selecting a rental accommodation. More and more frequently, residents are choosing their preferred neighbourhoods like Davisville in midtown Toronto or Cherryhill Village in London, both with excellent public transit options, over the higher rents and smaller units they would find in apartments closer to their downtown workspaces. 221 Balliol St. or 3030 Pharmacy Ave. provide far better locations to raise a family and at a better cost than a small suite off King St.

27% of renters say that living close to public transit is a must when choosing a place to live – meaning they wouldn’t consider a house or apartment that isn’t near transit like a bus stop or train station. Luckily, at Park Property Management, residents don’t need to make that choice. With communities near transit across the Greater Toronto Area, as well as in other major cities across Ontario including Milton, Cambridge, Kitchener, Waterloo, Stratford, Tillsonburg, Guelph, and London, there’s an ideal rental suite for you. Conveniently located and connected to everything, students, professionals, families, and retirees can feel good about where they live in a Park Property Management rental community.

With 95 communities and growing, we have a rental near transit that's perfect for you. Find your next home with us!

In 2025, renting remains an attractive option for those seeking flexibility, affordability, and convenience. It offers the freedom to relocate easily, making it ideal for career changes or lifestyle adjustments.

With fewer upfront costs and no responsibility for major repairs or maintenance, renters can enjoy a stress-free living experience. Additionally, many rental properties now include modern amenities like gyms, coworking spaces, and smart home technology, providing added value.

As housing prices continue to climb in many markets, renting allows you to live comfortably while saving for future goals. In this blog, we’ll discover the benefits of renting vs owning in 2025 and how you can find your next rental today.

What to Consider: Weighing the Benefits of Owning a Home vs Renting

Deciding between renting and owning involves plenty of considerations, some of which are flexible. Let’s explore each one below:

• Home Prices: Home prices in Ontario are rising, making them too expensive and inaccessible for many. Aside from a mortgage, buyers also cover a down payment and hidden costs associated with buying a home
• Housing Inventory: The benefits of buying a home are contingent on the housing market and inventory. There isn’t always a suitable option for a buyer and their family. 
• Mortgage Rates: Mortgage rates can shift, affecting a home’s affordability and sustainability.
• Rental Market: While rental rates and growth fluctuate, they’re still lower and more affordable than mortgage payments. In Ontario, average rental rates are currently declining.

Image source: Unsplash

The Benefits of Renting vs Owning in 2025

Being a renter comes with many benefits, especially when renting with renowned property management companies that value their residents.

Flexibility

Rentals offer more flexibility than homes. Whether for work, family, or a change of scenery, renters can move after their monthly or yearly contracts end without the hassle of selling and buying a home every time.

Fixed Finances and More Savings

When signing a lease, renters agree to fixed costs like rent, parking, storage, and utilities. They’re fully aware of their fixed monthly housing costs, allowing them to budget more accurately. Even if rent increases, it’s outlined in the lease with advanced notice. With predictable costs, renters can focus on savings for big investments or emergencies and build a comprehensive budget.

Reduced Responsibilities

Landlords are in charge of repairs and maintenance. Renters won’t have to worry about covering repair costs. However, this can be further discussed and outlined in the lease agreement. Some landlords don’t mind if the renter repairs or addresses maintenance issues, but that will vary depending on the situation.

Learn more: Benefits of Living in a Building Managed by Park

Lower Upfront Costs

Renters are likely only paying for a security deposit and the first and last month’s rent as upfront costs, but many costs apply to home buying. This makes it easier to find rentals and move in quickly when you want to.

Access to Desirable Neighbourhoods

Whether you want to live in one city for years or explore different neighbourhoods every couple of years, renting allows you the freedom to move around. If you’re seeking exciting activities, London is the place to be. Or, if you want to explore something more laid-back, Guelph has its own unique charm, making it a great option for renters as well.

Easier Relocation

By renting, you avoid the challenges of relocating. You won’t need to sell, stage, and buy a home, plus deal with all the legalities and the unpredictable real estate market. You can simply set a move-out date with your landlord and line that up with a move-in date at another location.

Challenges of Renting

Renters may experience the following challenges, depending on their circumstances:

• No Equity Building: Rent payments don’t go toward an investment that eventually becomes yours. Instead, it goes toward monthly living fees and utility bills. Renters won’t be building equity, however, they’ll still be able to build on their credit.
• Limited Control for Renovations: Renovations are at the landlord’s discretion. If a renter wants to change something in their apartment, they need the landlord’s permission, which won’t always be given. While this doesn’t prohibit all potential renovations, it limits what’s possible.
• Rent Increases: Landlords have the right—within reason—to increase rent for renters up to a certain amount, at certain times, with enough notice. Rent increases are possible, however, the limitations make it manageable and predictable for renters.

Our frequently asked questions about rentals tell you more about renting in Ontario. Check it out to answer your questions.

Image source: Unsplash

The Benefits of Owning a Home vs Renting in 2025

When weighing owning a home vs renting, consider these factors against your financial situation and lifestyle.

Building Home Equity

Renting doesn’t build equity the way that homeownership does. Homeowners invest money into property ownership, which becomes an asset in the future and contributes to a higher home value.

Renovation Freedom

As the homeowner, you’re free to make changes and updates to your property. This is sometimes possible with rentals when discussed with the landlord, but home ownership doesn’t require permission (so long as it doesn’t affect regional laws and building codes).

Investment Potential

Homeowners can invest in a property and earn more from it in the future. However, this can be unpredictable, considering how the real estate market fluctuates. If a homeowner wants to sell and buy another property, they might have to deal with property value fluctuations, meaning their home could be worth more or less than the initial price.

Image source: Unsplash

Disadvantages of Buying a Home

While home ownership has benefits, it comes with its fair share of challenges. Understanding them can help you choose between renting and owning depending on your stage of life.

• Higher Upfront Costs: While renters experience few upfront costs, homeowners shell out more with substantial down payments, legal fees, moving expenses, closing costs, and more.
• Higher Monthly Expenses: Aside from mortgage payments, homeowners also spend monthly on property taxes, maintenance, repairs, pest control, tree trimming, homeowners insurance, pool cleaning, snow removal, and more.
• Mortgage Interest: Mortgage interest can eat up most of your monthly payments for years before those payments start to take away from the principal balance. Mortgage rates are also subject to change. Homeowners can choose a fixed rate when purchasing their home, which could be a high rate, or a variable mortgage, which can change and be unreliable.
• Harder to Relocate: Homeownership can also make relocating difficult when needed. The selling process can be complex, let alone expensive. The real estate market is constantly changing, and your property value can go up or down. You may not be able to sell when you need to, or if you do, you could lose money from the transaction.

Rent vs Buy Calculator Canada 2025

On top of the benefits and challenges of renting vs owning, there’s a rent vs buy calculator Canada which can help you make the best financial decision. This rent vs buy calculator will ask you to input your ideal finances to provide you with a suggestion.

Experience the Benefits of Renting vs Owning with Park Property

Now that you know the benefits of renting vs owning, are you ready to find your next rental property? Live in desirable cities all across Ontario with access to luxury amenities and welcoming communities. Browse through our listings and find your next apartment with Park Property Today!