Toronto Neighbourhood Guide

East End

Riverside

Homes in Riverside

Riverside is remarkably affordable by Toronto standards. This is surprising given its close proximity to downtown Toronto and the many wonderful amenities available within this neighbourhood. There are a variety of condominium living options available here ranging from trendy hard and soft lofts to condominium townhomes. 1 bedroom condos are selling for between $250,000-$350,000 and average 500-700 square feet. 1+1 (den) or 2 bedroom condos are selling for between $450,000-$650,000 and range in size from 800-1100 square feet.

Most of the houses in this neighbourhood are heritage homes and feature Victorian, Second Empire or Edwardian architecture. The older semi-detached and attached townhomes are quite narrow and generally do not include off street parking. Prices for these homes range from $450,000-$650,000. There are not that many detached houses in this neighbourhood however if you do find one these generally sell for between $550,000-$750,000.

 

 

Riverside Real Estate Update

Apr 30, 2013

The saying "everything that is old is new again" pops to mind when describing Toronto's Riverside neighbourhood. This quaint urban neighbourhood was the land of opportunity for Toronto home-buyers 100 years ago. Flash forward to 2013 and Toronto home-buyers are once again discovering the value that this revitalized east-end neighbourhood has to offer.
Thus far in 2013 there have been 22 homes sales and 19 condominium sales in Riverside. Natasha Varjacic, Broker and Nell Bradshaw, Sales Representative, at Real Estate Homeward Brokerage are a dynamic mother and daughter real estate team based in Riverside and they report that: "It is a seller's market right now in Riverside. The market is hot with most listings having multiple offers."
The stats for this neighbourhood do indicate a strong demand for Riverside houses which are currently selling for 101% list to sale price ratio thanks to the fact that many sales are generating multiple offers. The average days on the market this year is just 11 days. What is fuelling this demand ? Well for sure, one thing is affordability. Riverside houses have an average sale price of $595,000 which is affordable by big city standards.
Nell and Natasha whose office is right on Queen Street East across from the Jimmy Simpson Park and recreation centre literally have a window on the neighbourhood and offer this perspective on Riverside. Buyers are choosing this neighbourhood because it has everything today's young family and professionals are looking for. You get the dynamic downtown feel, yet the charm of a friendly urban neighbourhood and a great sense of community. There is excellent walkability and the chance to truly shop locally for everything from clothing and personal services to casual and gourmet dining to satisfy the most die-hard foodies. There is also great access to parks, schools, community centre, transit, downtown and all amenities".
Condo buyers will also be attracted to this neighbourhood. 1 bedrooms or 1 bedroom plus den units are selling in the $300,000-$425,000 price range. 2 bedrooms units can sell anywhere from $400,000-$700,000 depending on square footage, finishes and location. Nell and Natasha explain: "There are a variety of hard loft condo options like The Ninety, as well as boutique projects and stacked town home condominiums. There are also alot of new projects in the works".
The Riverside real estate market is bustling with energy and is a perfect blend of old and new. If you are thinking of buying a home in Riverside, Nell and Natasha offer the following advice: "Don't get frustrated by multiple offers because the next home could be yours". Sound advice, after all nothing worth having comes without some sort of effort and provided you have neighbourhood experts like Nell and Natasha on your side your home search should be a success.

Riverside Real Estate Update brought to you by Nell Bradshaw, Sales Representative and Natasha Varjacic, Broker, Real Estate Homeward Brokerage. Nell and Natasha can be contacted at: C 416-833-2580 O 416-469-2090, email: homeward@nellandnatasha.com, website: www.nellandnatasha.com

(C) NeighbourhoodGuide.com

** The information provided herein 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.

 

Properties for sale in Riverside

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