Chaplin Estates Real Estate Update
Chaplin Estates has recorded 40 sales thus far in 2011. This is definitely one of the preferred destination neighbourhoods for corporate executives which is reflected in the average sale price of $1,061,000. The vast majority of these sales were detached houses that also included a handful of multi-plex homes. Entry level homes in Chaplin Estates start around $785,000 however there are very few of these opportunities except on the busier streets. Prices rise sharply from there with 26 houses selling for $900,000 or more and 19 sales topping the one million dollar mark.
Chaplin Estates has many fine attributes that have made it one of Toronto's most coveted neighbourhoods. Residents enjoy convenient access to the Davisville and the Eglinton subway stations. Oriole Park situated at the sound end of this neighbourhood is a wonderful greenspace that has recently been revitalized with a new design and playground. The Kay Gardiner Beltline Trail skirts this park and provides access to a myriad of recreational opportunities.. The Eglinton Way shopping area and the Yonge and Eglinton area both include an excellent selection of shops and restaurants. Oriole Park Junior Public School and nearby private schools attract alot of families to this neighbourhood.
The architecture in Chaplin Estates is outstanding. In particular I am referring specifically to the original housing stock which consists of beautiful Georgian, Tudor, Carftsman and English Cottage styles. The original developers of Chaplin Estates had strict building codes that insured these houses would be of the highest quality. For example stucco finish was intended as an accent only and not to cover more than half of the house. While this bylaw is no longer in effect, predominantly brick and stone houses are still the preferred choice among homebuyers and generally command the highest prices.
Chaplin Estates popularity with homebuyers is readily apparent when you take a look at the list to sale price ratio for sales in this neighbourhood which this year stands at 102%. The Toronto Real Estate Board average is 98%. Further the average total days on the market for a Chaplin Estates home this year is just 14 days. Back in 1913, Chaplin Estates lots sold for between $500-$9,000. William John Chaplin and his son James D. Chaplin would be astounded to see how their development has grown.
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The information shown here is complied from source data obtained from the Toronto Real Estate Board. It is presented here for information purpose only. All data are subject to updates and revisions. The author assumes no responsibility for the accuracy of any information shown.
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