Markland Wood is a quiet family oriented neighbourhood surrounded by parkland and a golf course. The streets are curvi-linear with many quiet crescents. The housing stock was built in the 1960s. The first Markland Wood resident paid approximately $26,000 for their home. Today the average sale price of a home in Markland Wood is $749,000. Local real estate expert Marti Philp of Re/Max Professionals Inc., explains: "Markland Wood is a community that was built in the early 60's with the first people to purchase in the area being young families who have nurtured a strong sense of community right from the start. The schools, churches, shopping, transit and Markland Wood Golf Club all have worked to make this a close knit family. New Homebuyers are usually aware of this and want to be a part of that tradition for themselves and their children.

A strong neighbourhood real estate market needs a strong foundation and a pride of ownership from its residents and Markland Wood certainly has these qualities. As Philp points out: "Markland Wood has one of the strongest home owner associations in the GTA. The association has been in existence for over 50 years and in 2010 won the Community Heritage Award. The "Circle of Friends" motif that is displayed on signage on Bloor Street defines what this neighbourhood believes in. Every year, there are traditional acitivities such as The Christmas Caravan (past 44 years), The May Garage Sale Weekend, The Annual Fun Fair, Socials and other charitable or educational activities (including scholarships for area children). There is something for everyone.

The houses in Markland Wood consist of ranch-style bunglaows and split-level homes. These are mostly 3 bedrooms. There is also a large selection of 2-storey houses with 4 and 5 bedrooms. The bungalow and split-level houses range in price from $600,000-$800,000. The 2-storey houses start at $800,000 with some of these now selling for just over one million dollars. If you want to buy a home in Markland Wood Philp offers this advice: "As Markland Wood is still a very strong family oriented neighbourhood, most sales occur during the winter and spring months, with moving taking place during the summer months to coincide with the school year. Of course, this is not always the case and houses are bought and sold at all times of the year.

Markland Wood houses are all detached with two-car garages either built-in or attached to the houses. These homes are situated on well treed lots with expansive frontages that average 50-55 feet. Premium lots in Markland Wood have 60-70 feet of frontage. Many of these houses have a small recessed front porch or portico entranceway with pretty vistas looking out to tree-lined streets and manicured gardens.  

The beautiful setting and nice selection of homes together with great schools, parks, and access to shopping and public transit have made Markland Wood a popular choice for Toronto homebuyers. There have been 42 sales recored thus far in 2011. These homes have sold on average for 100% of asking price and have taken on average just 16 days to sell. Philp points out that "Markland Wood is a very desirable location and homes on the market do not usually last too long, making it a sellers market but pricing and strategies are still important to making a successful sale wherever a home is located".

(c) www.TorontoNeighbourhoodGuide.com

* Marti Philp sales representative with Re/Max Professionals Inc is the TorontoNeighbourhoodGuide.com real estate sponsor for the Markland Wood neighbourhood. Marti Philp can be contacted at her email: marti@martiphilp.com or direct 416-716-8326 or through her office 416-232-9000

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.