"As you put it, 2 blocks east of this intersection is one the poorest sections of Toronto, but you forget that 2 blocks west is Dundas Square, including the 'Eyes of Toronto' CITYtv, a section of Toronto that is unrecognizable from a decade ago."
For the record, YDS is 6 blocks West of PACE (Jarvis to Mutual, Dalhousie, Church, Bond, Victoria, Yonge). True, not a big difference, but PACE would still sit closer to crack alley than the EATON Centre. I'm all for change on this strip, but just know what you're buying into (in the short term) if you're thinking resale. It's going to take awhile for the stigma to lift (particularly as the 2 blocks East will not likely change in the short term).
2 blocks west is Dundas Square, including the 'Eyes of Toronto' CITYtv, a section of Toronto that is unrecognizable from a decade ago. Regent Park to the east, nobody's going to recognize it in 10 years down the road, so PACE is a welcome catalyst for progression. The developers have obviously done their due diligence and have planned something with very modest purchase entry points, especially considering what they have already developed and sold elsewhere in the city. Prime downtown location on a shoe-string budget, I have to give them kudos.