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The Lowdown on Rosedale

Your Typical Neighbour

Rosedale is one the most affluent areas in the city of Toronto. It has a very suburban vibe yet it is in the heart of the city. The area is hundreds of years old yet homeowners take such pride in their neighbour hood and homes that noone would ever guess.

What We

Rosedale is so lush with its beautiful landscaping that it gives off a very peaceful vibe yet when you walk down the street you are at a main intersection and in the heart of the city. The location is what I love the most about this area.

What We Don't

You need beyond a million dollars to live in this area.

Homes in Rosedale range from historical and quaint to modern mega-mansions. Luckily, the overall style and architecture of homes built in this area of the city (generally) blends seamlessly. Those homes that do stand out are often discretely backed away from the street and hidden by large fences with beautiful foliage. Most of the homes in Rosedale are Edwardian, Tudor, Victorian, or Georgian in style.

Because Rosedale was once private property, when it was subdivided many of the newer homes were built on very generous, wide/deep lots – a handful of which actually offer acreage (for wealthier families) and whose homes leanmore towards estates than anything else. In fact, it’s not too unusual for some homes in this area of the city to have golf carts to drive around their property in. Sounds fun, right!? We think so too!

Naturally, with a neighborhood this beautiful homes do not come cheap. What are we looking at from an investment standpoint? Today, for example, an average, detached, Rosedale home sells well above 3 million dollars. But, if money truly is no object, it is most definitely money well spent – and a fool-proof investment that will pay dividends for years to come.

HOUSE STATS

2015 2016 2017 2018
AVERAGE PRICE $2,696,952 $2,964,929 $3,795,881 $3,825,370
PRICE: Low-High $900,000-$7,888,000 $1,282,500-$7,400,000 $1,670,000-$9,800,000 $805,000-$18,250,000
AVERAGE DAYS ON MARKET 38 23 18 35
# OF SALES 40 90 74 54

CONDO STATS

2015 2016 2017 2018
AVERAGE PRICE $720,566 $1,089,945 $1,115,010 $1,145,416
PRICE: Low-High $225,000-$1,686,500 $228,000-$3,850,000 $40,000-$5,257,000 $375,000-$3,400,000
AVERAGE DAYS ON MARKET 25 24 14 19
# OF SALES 29 62 49 50

Area: 4,437

Population: 20,631

Demographics

Kids: 12%

Youth: 11%

Seniors: 22%

Visible Minority: 15%

Average Family Income: $163,371

Education

Lower Education: 10%

Higher Education: 90%

Home Ownership

Owned Homes: 52.9%

Tenanted Homes: 47.1%

‘Rosedalites’ are a hop, skip, and a jump, from Toronto’s Yonge-University subway line (which will, well, pretty much takes you anywhere you need to get to in the city) and is accessed via Rosedale subway station – on Yonge street. Obviously, there’s also car access to one of Toronto’s longest, and most convenient, roads: Yonge Street - and bus routes along the way - as well as arm’s reach to driving on: Mount Pleasant, St.Clair, and Bloor; the nearby Don Valley Parkway connects drivers to major highways. The best part? Because of the way the area is built, most cars are diverted outside of the inner blocks of Rosedale’s winding roads, to the more streamlined commuter roads just mentioned. This makes getting to-and-from easy but keeps the residential streets of the area quiet - ahhh what a breath of fresh air (literally).

About Rosedale

There’s so much to love about Rosedale it’s easy for many to hate….only because it’s a competitive Real Estate market to break into!

This is one of Canada’s wealthiest communities, and homes in Rosedale are stately and picturesque. Houses are generally Edwardian, Tudor, Victorian or Georgian heritage, towering with grandeur and old-world charm. Like a scene from a black-and-white film, nodding to simpler times and fairy tale endings, Rosedale’s classic beauty continues to stand the tests of time. For many, life as a resident of Rosedale encompasses a dream realized.

The meandering roads, charming cul-de-sacs, (3) local ravines (preserved as parkland), pedestrian-friendly streets, and professionally-manicured lawns, provide a calming and highly walkable backdrop for any millionaire city-dweller. And, like a page ripped from a romantic tale, Rosedale’s history is just as novel.

The area gains its name from an abundance of wild roses that once bordered the hillsides of the area’s first estate – owned by Sheriff William Jarvis and his wife, Mary. Mary was an avid equestrian and would ride her horse across the area’s winding streets and rose-covered hillsides. It’s from Mary, and after the rose-covered hillsides, that Rosedale gains its name. (Thanks, Mary!)

In 1854, the area was sold and eventually subdivided in 1854 as a “garden suburb”, leading to residential development of the Rosedale we all know (and covet) today. Modern Rosedale thankfully retains an abundance of trees and foliage to this day.

South Rosedale is also home to Branksome Hall, a popular girls private school that also offers boarding through its International Baccalaureate program, as well as a small elementary school in central Rosedale, only a stone’s throw away. It’s a popular option for many local families looking for alternative schooling.

The high walkability of Rosedale brings locals within arm’s reach of the TTC, major roadways (Yonge Street, Mount Pleasant, the Don Valley Parkway), schools, boutiques, restaurants, pubs, cafes, and salons. Many of these local offerings are luxury-focused and higher-end — no basement bargains to be found here.

Although Rosedale is an area where there are no bargains to be found, if you can afford the hefty price tag of a home in the area, all we say is: why not!?

Popular local hot spots include: The Rosedale Diner, The Quail & Firkin, Starbucks, Black Camel (best sandwiches in Rosedale hands-down!), Tuck Shop Trading Co, Delineation, Ani & Wren, 6 by Gee Beauty, and WANT Apothecary (to name a few).


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