The Lowdown on Riverdale

Your Typical Neighbour

Couples in their early 40′s, married with 2 kids, 1 dog and a backyard organic vegetable garden. Leslieville resident’s more affluent siblings, 5 or 10 years older or $50-$100K/year richer.

What We

Location! There’s green space and mature trees everywhere, very highly respected schools are close by, and the Danforth subway’s at your door.

What We Don't

We used to say the dining options were somewhat limited beyond Greek, but that’s less and less the case every year. Really, the only things left not to like are the house prices and aggressive competition to get in

Property prices in Riverdale have skyrocketed in recent years, but generally you get what you pay for: large Edwardian or Victorian homes, safe, residential streets and great parks. A crucial factor in how much you pay is the school district a home falls into; it’s not uncommon for houses in the Frankland or Jackman school districts to sell at a significant premium. Get off the main streets and you’ll find that Riverdale isn’t all huge detached houses, although even at the more affordable end of the spectrum, houses can be pricey.

If you’re hoping to make Riverdale your next neighbourhood, do your homework and be prepared to move quickly. Demand here is high, and residents don’t often leave until they are considering downsizing. When listings do come up, they tend to disappear rather quickly, and most often in bidding wars.

HOUSE STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $793,395 $856,476 $968,292 $1,067,751 $1,309,433
PRICE: Low-High $405,000-$1,732,600 $405,000-$1,935,000 $455,000-$2,500,000 $460,000-$2,821,000 $602,000-$2,806,031
AVERAGE DAYS ON MARKET 15 11 10 9 11
# OF SALES 186 183 265 252 196

CONDO STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $465,180 $525,000 $593,389 $680,800 $709,833
PRICE: Low-High $350,000-$687,000 $185,000-$780,000 $427,000-$850,000 $455,000-$899,000 $540,000-$940,000
AVERAGE DAYS ON MARKET 12 21 15 9 10
# OF SALES 5 5 9 7 6

Area: 10km

Population: 25,640

Demographics

Kids: 13%

Youth: 11%

Seniors: 11%

Visible Minority: 47.8%

Average Family Income: $75,333

Education

Lower Education: 44.7%

Higher Education: 6.4%

Home Ownership

Owned Homes: 51%

Tenanted Homes: 49%

There are plenty of schools, among them some of the best-reputed public and private schools in the city.

JUNIOR SCHOOLS

Pape Avenue Public School
Winchester Public School

Broadview Streetcar is the main north-south TTC artery. Bloor-Danforth subway stops are close by, and Gerrard has regular streetcar service. Drivers have easy access to the DVP, Gardiner and Lakeshore.

About Riverdale

Riverdale is the neighbourhood for you if you are someone who values community, quiet, and convenience. Streets in this area are lined with trees, abundant greenery, friendly faces, neighbourly porches, and playing children. A wonder years display of Edwardian and Victorian homes lends itself beautifully to families and young professionals looking for a sense of peace in the hectic city.

 This neighbourhood is a fantastic mix of old-and-new. Brick houses corner each street but many have modern, upbeat, finishings and unique details. On any given day, streets are lined with running groups, strollers, and brunch dates – many headed to The Riverdale Perk for it’s other-worldly baked goods and lattes.

If you’re someone who is looking to put down some roots, or find a sense of balance, Riverdale might be the right place for you. Sandwiched between Cabbagetown, the Danforth, Broadview Avenue, and Leslieville, it’s a pocket-sized gem that seems to pay ode to the simple pleasures of everyday life without losing the everyday luxuries of Toronto ‘city living’.

But don’t just take our word for it! We would love to show you homes available in the Riverdale area and take you for a tour. You can email/or call us, anytime, and we will show you what this (beautiful) area of Toronto has to offer!

 


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