The Lowdown on South Annex

Your Typical Neighbour

Academics unite! Young urban professionals, students, faculty and anyone who has a desperate need to be close to transit are primarily who your neighbours are likely to be!

What We

College, Harbord and Bloor all have distinctively awesome retail sections that host some pretty fantastic dining and shopping options.

What We Don't

We suspect the sweeping changes coming to the re-envisioned Mirvish Village are going to create some long-lasting construction chaos in a very popular, and populated area.

There are no vast differences in the real estate to be found in this neighbourhood, aside from the marginally lower frequency of huge homes that are only slightly more common North of Bloor Street. Most of the housing stock here was built between 1870 and 1910, and the re-conversion back to single-family dwelling continues here in the houses whose size justifies the choice.

Palmerston Boulevard is one of the holdouts of this trend, mainly a result of enormous homes that suggest a space far too big for your average family to occupy and maintain financially. This street provides spectacular scenery on a nice day no matter how you slice it. The houses, regardless of layout, beautiful examples of Victorian architecture that provide a patina of what is considered one of the most beautiful streetscapes in the city. The stone and iron gates found at both the College and Bloor Street ends of Palmerston give an air of exclusivity that is whimsical but that doesn’t truly exist as it did in years gone by.

Many of the more moderately sized homes in this neighbourhood have undergone some level of update, and many have been completely reborn in the transition from former multi-unit dwellings back to single-family homes. There are some spectacular properties to view here when they are brought to market, though sticker shock is not uncommon when it comes to listing price, many of which are significantly surpassed in the current, uber hot market we are in. The moral of the story here is that it’s going to cost you to live next door to the high academia that are very likely to be your neighbours!

HOUSE STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $1,043,479 $1,125,776 $1,209,417 $1,378,840 $1,513,036
PRICE: Low-High $650,000-$1,575,000 $795,000-$1,475,000 $650,000-$1,950,000 $655,000-$2,300,000 $250,000-$2,650,000
AVERAGE DAYS ON MARKET 15 9 18 13 12
# OF SALES 24 13 42 47 41

CONDO STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $524,079 $453,810 $525,423 $514,734 $613,784
PRICE: Low-High $250,000-$718,500 $219,900-$700,000 $210,000-$970,000 $279,990-$1,100,000 $235,000-$1,230,000
AVERAGE DAYS ON MARKET 34 29 48 24 16
# OF SALES 14 10 26 35 28

Area: 3km

Population: 29,180

Demographics

Kids: 8%

Youth: 13%

Seniors: 16%

Visible Minority: 20.60%

Average Family Income: $203,150

Education

Lower Education: 15.00%

Higher Education: 31.40%

Home Ownership

Owned Homes: 5765

Tenanted Homes: 9780

There are numerous schools in the area that come in all the flavours. Some of the institutions in the neighbourhood are of the most reputable in the city.

ELEMENTARY SCHOOLS

Lord Lansdowne Jr and Sr Public School
Edward king Jr and Sr Public School

SENIOR SCHOOLS

Central Technical School

Those attached to their cars aren’t in the best place in this very central city location, but non-peak times can see you abusing Bathurst or Spadina for relatively quick exits to the highway. Transit lovers delight with Subway, Bus and Streetcar options galore!

About South Annex

South Annex is an area of the Annex located close to the University of Toronto. It is a historic Toronto neighbourhood. Visitors can see a seamless mix of old-and-young, and traditional-and-modern, in the demographic and housing in the area. Most of the homes in the South Annex neighbourhood are turn-of-the-century and rented by students, faculty, and alumni. Some of the homes are owned by (very lucky, likely very happy) residents. These houses have traditional Victorian and Edwardian framework that have been complimented by modern day renovations, finishings, and design.

Luckily, the area’s revitalization has in no way tarnished its bohemian roots and diversity. Situated smack-dab between Bloor & College, and Bathurst & Spadina, this pocket of Toronto has access to some of the best restaurants, bars, lounges, boutiques, and coffee shops, that this city has to offer. A short walk, or bike ride, in either direction and you find yourself at the very root of what makes Toronto so great – multiculturalism, entertainment, culinary innovation, music, and art.

A melting pot of activities, South Annex’s bordering areas are lined with places like: Mistura, Future Bistro, Annex Pawn, Snakes & Lattes, Bloor Hot Docs Cinema, and the ever-popular, somewhat legendary, predominantly student-oriented: Madison Avenue Pub. Nearby schools, an abundance of trees and generous lots, also make South Annex an ideal location to raise a family. What more can you ask for – really!?


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