Moore Park is the quintessential midtown Toronto neighbourhood. According to Peter Russell, Broker at Chestnut Park Real Estate Limited: "Moore Park is highly prized by families who are drawn to the tree lined streets and well maintained properties characteristic of the best residential neighbourhoods. Whitney Public School is a strong draw for families wanting the best in public education. Whitney enjoys a reputation as one of Toronto ’s best public schools."
It has been a fairly active year thus far in Moore Park real estate with 23 sales recorded. The average sale price this year is $1,604,000. Just 3 houses sold for less than $1 million dollars. Six of the sales recorded this year sold in excess of $2 million dollars. Thus far in 2012 a combined total of $36,897,000 of real estate has changed hands. Russell explains that Moore Park homebuyers "can expect to find houses in a range of sizes and styles. The majority of the housing stock could be described as “executive”. Centre hall houses on lots of 40 and 50 feet of frontage. There are smaller two storey houses of 3 and 4 bedrooms on lots that range between 20 and 40 feet of frontage. Most houses are detached but there are some semi-detached as well.
Reflecting the popularity of this neighbourhood; houses in Moore Park are currently averaging a 102% list to sale price ratio. The average days on the market is just 11 days so you have to be on the ball if you want to acquire a home in this coveted neighbourhood. Russell points out that Moore Park buyers "appreciate the neighbourhood’s proximity to downtown Toronto . Bus service connects with the St. Clair subway station on the Yonge line. Parents who drive their children to any one of the many schooling options do not have far to go. Bloor Street and Yonge Street are a comfortable walk for those wanting to juxtapose exercise with their commute!"
Russell also adds the following Moore Park neighbourhood insights: " Great neighbourhoods the world over share certain characteristics. One of the most important of these is natural boundaries. There should be clear boundaries that prevent the neighbourhood getting larger. Moore Park is clearly defined. It is surrounded by ravine on the south and east. To the north is Moore Avenue where the Mount Pleasant Cemetery begins. Mt. Pleasant Road is the western boundary. Moore Park’s geography makes it what I like to call a Destination Neighbourhood. With limits to growth, intensification of value is possible. Money spent renovating is better protected in such an environment."
*Moore Park neighbourhood insights provided by Peter Russell, Broker, Chestnut Park Real Estate Limited. Peter Russell can be reached by callling 416-925-9191 or by email: email@example.com.
** The information provided herin is compiled 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.