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8 Toronto Neighbourhoods To Visit If You Want The Full Experience & Still Have Money Left Over

Get ready for delicious eats, local art and unmatched city views.

8 Toronto Neighbourhoods To Visit If You Want The Full Experience & Still Have Money Left Over
Sponsored Content Contributing Writer

Despite its reputation as Canada's most expensive city, having a fantastic time in Toronto doesn't have to break the bank.

Whether you're keen to indulge in delicious street food, immerse yourself in local art or simply soak up the lively city atmosphere, there are plenty of money-savvy ways to experience the best of the 6ix and its vibrant neighbourhoods.

From the hidden gems of Kensington Market to the cobblestone streets of the Distillery District and authentic Greek cuisine in the Danforth area, there's something here for every taste and budget.

And if you're looking to keep an eye on your spending while you cross things off your to-do list, Tangerine offers a range of free tools to help you manage your money and stay on track while you're out and about.

They also offer a wide range of money-smart products, including their no-monthly-fee Chequing Account and Credit Cards that earn automatic Money-Back Rewards, and help make saving a breeze. Plus, you can get started with a special promotion to earn up to $400 cash back (conditions apply).

In the meantime, here's how to discover the best of Toronto's neighbourhoods and create unforgettable memories while making your money go further.

Kensington Market

Why You Need To Go: A unique and eclectic Toronto neighbourhood, Kensington Market is home to an incredible array of street food vendors, thrift stores and independent shops selling everything from affordable handmade jewellery and vintage clothing to Italian-Jamaican fusion cuisine (starting at $5 a dish).

Need more reasons? Crumbs Gourmet Patties is an affordable stop for a handheld lunch under $10, plant-based Egyptian street food can be found at Eat Nabati for under $15, and Seven Lives Tacos y Mariscos has been serving Baja-style fish tacos ($8 each) in the area for over 10 years.

The best time to visit Kensington Market is on Pedestrian Sundays when the streets are closed to traffic and performers entertain visitors and showcase the neighbourhood's bohemian spirit.

Parkdale & Little Tibet

Why You Need To Go: Culturally rich and bursting with delicious eats, Parkdale and its enclave of Little Tibet are easily accessible via the streetcar ($3.35 with a PRESTO card), making this neighbourhood the perfect destination for an affordable outing in Toronto.

Munch on momos from The MoMo House, Loga’s Corner or Tibet Kitchen (around $7 for a container) and make your way to the back-alley Milky Way (yes, that's its real name) for a tour of some of Toronto's best street art.

The Danforth (Greektown)

Why You Need To Go: Whether you're in the mood for a delicious gyro, a hearty moussaka or some fresh feta, you're sure to find something to suit your taste and budget in Greektown.

Stop by the popular Mezes for lunch (menu options range from $3-$75) and stuff your pockets with loukoumades from the affordable Athens Pastries before heading down to Riverdale Park to soak up the sun.

The walk takes about 15 minutes, an Uber will cost you $10, or you can get there quickly for just $2 with Bike Share Toronto ($1 to unlock plus 12 cents per minute to ride a classic pedal pike).

Toronto Island

Why You Need To Go: This tree-covered island oasis is a short ferry ($9.11) or Tiki Taxi ($12) ride from downtown, making it the perfect escape from the hustle and bustle of the city.

Once you arrive, you'll be surrounded by lush gardens, sandy beaches and scenic walking trails just waiting to be explored.

Since dining options are limited, consider packing a picnic or visiting the leafy back patio at The Riviera on Ward’s Island — a stunning spot to unwind with a drink or fill up with a burger ($20).

Little Italy

Why You Need To Go: If delicious food in a charming European atmosphere is your vibe, you'll want to embark on a food tour of the pizzerias, trattorias and gelato shops that pepper this vibrant Italian neighbourhood.

Be sure to stop by Toronto's oldest gelateria, the Sicilian Sidewalk Cafe, for homemade gelato (about $7) and other sweet treats before checking out the many bars along College Street.

Bistro 422 offers cocktails and domestic beer for under $6, and Track & Field Bar boasts bocce and shuffleboard alongside a menu of cocktails starting at $12.


Why You Need To Go: The ultimate neighbourhood for exploring Toronto's laid-back side, "Roncy" is known for its charming, tree-lined streets and independent shops selling vintage clothes, records and books.

When hunger strikes, check out the backyard patio at Loons Pub. They have plenty of delicious options starting at just $5 to satisfy your taste buds and keep your wallet happy.

Distillery District

Why You Need To Go: Visitors might associate the Distillery District with its pricey holiday market, but the cobblestone streets that line this historic pedestrian neighbourhood hide some affordable gems too.

Grab a cup of coffee (starting at $2.45) from the beloved Ontario chain Balzac's Coffee Roasters and wander among the stunning architecture and art galleries for a fascinating glimpse into the city's past and present. Plus, it costs nothing to take a leisurely stroll.

St. Lawrence Market

F11photo | Dreamstime

Why You Need To Go: Just a short walk from the Distillery District, St. Lawrence Market is basically a neighbourhood in itself.

The South Market is open daily and is a must-visit for mouthwatering eats from the likes of Busters Sea Cove (try the lobster bisque for $7), Crepe It Up Café (sweet and savoury crepes are around $10) and Yip's Kitchen (dim sum starting at $5.99).

Visit the North Market on a Saturday to be among the hustle and bustle of a 120-year-old farmers market selling southern Ontario's freshest produce.

If you really want to sink your teeth into the markets, sign up for a Culinary Adventure Tour ($89 per person) that includes more than 15 tastings served alongside a generous helping of Toronto history.

By being smart with your money, you can still enjoy Toronto's coolest neighbourhoods without breaking the bank.

And if you need some help managing your finances, there are resources available like Tangerine's simple banking products and free built-in tools to help you uncomplicate your banking and make smarter financial decisions while exploring one of Canada's most vibrant cities.

To learn more, visit Tangerine's Financial Wellness Hub or follow them on Facebook, Instagram and Twitter

Jennifer Browne
Sponsored Content Contributing Writer
Jennifer Browne is a Sponsored Content Contributing Writer for the Studio department focused on sponsored content and is based in Vancouver, Canada.