Pros and Cons of Living in Old East Village
Old East Village, one of London, Ontario’s most vibrant and eclectic neighborhoods, offers a unique mix of historical charm and urban energy. In this post, we'll explore the pros and cons of living in Old East Village, giving you an insider’s look at what makes this area a distinctive place to call home.
Pros of Living in Old East Village
Vibrant Arts and Culture Scene
Old East Village (OEV) is the artistic heart of London. Known for its creative energy, the neighborhood boasts an array of art galleries, music venues, and cultural events that keep the area buzzing year-round. From catching a live show at the Aeolian Hall to getting hands-on at Clayworx, there’s always something to inspire your inner artist.
Affordability
Compared to some of the more upscale neighborhoods in London, Old East Village offers more affordable housing options. The area is particularly appealing to first-time homebuyers, artists, and young professionals looking for character homes without the hefty price tag. You’ll find charming century homes, loft apartments, and modern condos at prices that won’t break the bank.
Strong Community Spirit
OEV is more than just a neighborhood; it’s a community. The area is known for its tight-knit and welcoming vibe, with residents who take pride in their local events and initiatives. Whether it’s the weekly Farmers’ and Artisans’ Market at the Western Fair District or neighborhood clean-up days, the community spirit is palpable, making it easy to feel right at home.
Walkability and Local Amenities
If you love being able to walk to your favorite spots, OEV has you covered. The neighborhood is packed with local gems like The Artisan Bakery, London Brewing Co-op, and The Factory, an indoor entertainment complex. You’ll find everything from organic grocery stores to hip cafes just a short stroll away.
Rich History
OEV is steeped in history, with many buildings dating back to the late 19th and early 20th centuries. The neighborhood has retained much of its original charm, with beautifully restored heritage homes and landmarks like the historic Palace Theatre. Living here is like stepping back in time, while still enjoying modern conveniences.
Growing Food Scene
Foodies will love OEV’s blossoming culinary scene. The neighborhood is home to an eclectic mix of eateries, including favorites like Yaya's Kitchen, Aythentic Flavour Restaurant, Dough EV, East Village Market, Edgar and Joe's Cafe, Maymo's Fry, Q Bites Factory, Tony's Pizza, and Unique Food Attitudes. Whether you’re in the mood for gourmet pizza, international flavors, or a quick bite, OEV has something to satisfy every craving.
Cons of Living in Old East Village
Ongoing Development and Gentrification
OEV is in the midst of revitalization, which is great for growth but can also mean dealing with construction and noise. New businesses and condos are popping up, which is exciting, but it’s also leading to gentrification. As the neighborhood evolves, rising property values could potentially push out some long-time residents and businesses, altering the community’s character.
Proximity to Homeless Shelters
Old East Village is home to several homeless shelters and social services, which reflect the neighborhood’s inclusive and community-minded spirit. However, this can also come with challenges, such as concerns about safety and visible homelessness. While many residents are actively involved in supporting these services and the people who use them, it’s an aspect of life in OEV that some may find difficult.
Older Infrastructure
With OEV’s historical charm comes the reality of older infrastructure. Many of the homes and buildings require ongoing maintenance, and some may not be up to modern standards. Be prepared for the potential of higher upkeep costs if you’re buying an older home here.
Limited Parking
As with many historic neighborhoods, parking can be a challenge in OEV, especially during peak hours or local events. Street parking is often the norm, and finding a spot can sometimes feel like a scavenger hunt.
Busy Atmosphere
OEV’s vibrant community comes with a lively atmosphere, which might not be ideal if you’re looking for a quiet, suburban retreat. The area can get quite busy, especially during events or on weekends, which means more noise and foot traffic.
FAQs
What is the average home price in Old East Village?
The average home price in Old East Village is around $450,000, making it more affordable compared to other neighborhoods in London, Ontario.
What amenities are available in Old East Village?
Old East Village offers a wide range of amenities, including local shops, cafes, restaurants, parks, and entertainment venues like the Aeolian Hall and The Factory.
Is Old East Village a good place for families?
Yes, Old East Village is a great place for families, with its strong community spirit, affordable housing, and proximity to schools and parks.
What are some popular events in Old East Village?
Popular events include the weekly Farmers’ and Artisans’ Market, OEV Block Party, and various cultural festivals throughout the year.
Are there rental options available in Old East Village?
Yes, there are rental options available in Old East Village, with prices ranging from $1,200 to $1,500 per month for a one-bedroom apartment.
Final Thoughts
Old East Village is a neighborhood with a rich history, vibrant community, and growing appeal. Whether you’re an artist looking for inspiration, a foodie exploring new flavors, or a first-time homebuyer seeking affordability, OEV has something to offer. While there are some challenges, the neighborhood’s unique character and welcoming vibe make it a great place to call home.
Thinking about moving to OEV? Take a stroll through the neighborhood and see if it’s the right fit for you.
