Homes in East York
The majority of East York's housing stock was built in stages beginning in the 1890's and continuing right up until the early 1960's. With the houses having been built over such a wide period of time, a myriad of different housing styles is evident from one street to the next.
East York is comprised of two storey or one-and-a half-storey detached and semi-detached houses, as well as an abundance of bungalows, and some newer custom designed homes. There are also a large number of high rise rental apartment buildings concentrated along Cosburn Avenue between Broadview and Donlands Avenues.
East York Real Estate Update
Dec 6, 2012
There have been 383 freehold home sales recorded this year in the East York neighbourhood. Detached houses accounted for 218 of these sales while semi-detached and town homes totaled a combined 175 of the total sales in this neighbourhood. Anna Michaelidis, Sales Representative at Royal LePage Urban Realty, Brokerage comments "the real estate market in East York this year has for the most part seemed more balanced than in the previous few years although we are still seeing a flurry of multiple bids on certain homes and in certain areas".
Nothing says East York real estate quite like the iconic East York bungalow. These timeless classics are a great entry into the neighbourhood. There were 67 bungalows sold this year ranging in price from $330,000-$685,000. These homes typically are situated on quiet streets with nice size lots and are therefore in demand with builders and renovators as well as end users who appreciate their charm and functionality.
Detached 2-storey houses in East York start in the $450,000 range however the bulk of these sales are in the $550,000-$800,000 range. The newer custom built homes are selling in the $950,000-$1,100,000 range. The semi-detached house with front porch and whimsical architectural detail are another East York classic housing style. These homes range in price from $350,000 to $1 million. At the higher end you will find some newer town home developments and extensively renovated homes. Semi's in the Jackman School District command a premium.
A closer look at East York real estate stats reveals a very healthy market. The overall list to sale price ratio recorded this year is a lofty 102% with an average of just 14 days on the market. Michaelidis points out that "things ere looking more stable and people are acting more rational. Buyers are not as fearful to negotiate, which is a good thing. I like to educate my clients and make sure this is a methodical process".
There is no question that this once sleepy borough has now been discoverd by Toronto homebuyers who value the close proximity of East York to the downtown core and appreciate the easy access to public transit. East York has long been known for the Danforth with its plethora of Greek restaurants and eclectic retail mix however as homebuyers are discovering there is so much more to this neighbourhood including: a great variety of houses, quiet child-friendly streets, an excellent selection of schools, and numerous parks and recreation. In these rather turbulent times when so many mixed messages are being broadcast about the Toronto real estate market; Michaelidis offers the following simple words of advice for buyers and sellers "keep calm and carry on".
East York neighbourhood real estate update brought to you by Anna Michaelidis, Royal LePage Urban Realty, Brokerage. Anna can be reached at office: 416-461-9900 or email: firstname.lastname@example.org
** 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.
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