Toronto Neighbourhood Guide

Midtown

Rathnelly

Homes in Rathnelly

Rathnelly's impressive Victorian homes are shaded by a canopy of silver maple trees. These solid brick detached and semi-detached houses were built between 1880 and 1910.

Rathnelly Neighbourhood Real Estate Update

Oct 29, 2012

Rathnelly is one of Toronto's smallest neighbourhoods. The fact that just 11 houses have sold in this tiny enclave so far in 2012 is more a reflection of lack of supply rather than anything else. The reality is home buyers snap up houses in this neighbourhood just as quickly as they get listed and nobody knows this better than Anne Levenston and Judy Campbell, Sales Representatives, Royal LePage RES Ltd., Johnston & Daniel Division Brokerage. Levenston and Campbell have listed and sold 3 houses already this year in the neighbourhood. They report that "It is a more balanced market with sale to list price averaging 98% in the Rathnelly neighbourhood, while the average days on market this year is just 13 days".

Rathnelly is situated in upscale Midtown Toronto but the atmosphere in the neighbourhood is decidedly low key and friendly. The tone of the neighbourhood was set back in 1967 when a group of fun spirited Rathnelly residents planned to celebrate Canada's centennial by seceding from the country and declaring their neighbourhood a Republic. They celebrated their independence by organizing a parade and a pancake breakfast. They even elected a queen. Levenston and Campbell confirm: "there is a strong neighbourhood community spirit as evidenced by the biennial Rathnelly Day celebration.

If you are considering buying a home in this neighbourhood Campbell and Levenston provide the following insights: "The median price in Rathnelly is $1,481,000. Typical home buying options are detached and semi-detached houses, many are elegant brick Victorian homes with high ceilings and period detail. Homeowners are transforming older traditional homes into open and bright contemporary spaces". Campbell and Levinston add: "What is attracting buyers to our area is proximity to transit , great schools including U of T, shopping on Yonge St, Forest Hill village, Yorkville and Bloor St. and an easy commute to downtown".

Rathnelly is keeping up with the times with their new and colourful neighbourhood street signs that proudly display the Republic of Rathnelly name and crest. While Rathnelly's proud past is celebrated its future looks equally as bright. Campbell and Levenston share the following: "It is a great time to buy or sell. Properties in our neighbourhoods are moving quickly and generally selling near asking. There is a great demand for homes in our area as people typically are looking for a central location with minimal car traffic, as well as access to the wonderful parks and ravines nearby. Young families love this pocket because it has great local schools including Brown Public School with both French and English programs". There is certainly alot to celebrate about this neighbourhood, so it is no surprise that home sales are strong and will likely continue to be strong in 2013.

Rathnelly neighbourhood real estate updates brought to you Anne Levenston and Judy Campbell, Sales Representatives, Royal LePage RES Ltd., Johnston & Daniel Division Brokerage. Anne and Judy welcome all of your real estate inquiries and can be reached at Office: 416 489-2121, Cell: 416 721-0544 Email: judy@judycampbell.ca or levenston@sympatico.ca and welcome you to visit their website Website: www.campbellandlevenston.ca

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** 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.