I think it is an up and coming neighbourhood, but when and if. It is really close to everything good and bad. I am not a huge fan of St. James town, but i notice prices are much more reasonable than most places dt.
I have a friend who lives in a beautiful house on homewood and have noticed that a lot of houses have been rennovated which tells me that there is money to be made here.
I used to work near sherbourne and dundas, which is an area you want to say away from. I think it is a good pocket but really nothing immediately within walking distance. I also don't get a community feel when i am there which is one of the reasons i would not look for a anything here.
But it is up and coming which could take 1 to even 10 years to develop, and sometimes not develop to the hype it once had.