Welcome to Ledbury Park
Ledbury is a neighbourhood in transition. The first generation of Ledbury families have been gradually moving out of the neighbourhood and young urban professional families are moving in. The ripple effect in this change in demographics can be seen in the flurry of building activity currently taking place in this neighbourhood as the original housing stock is gradually being replaced with expensive custom built homes. The local parks have also undergone recent improvements and Avenue Road has emerged as one of Toronto's finest shopping districts.
LEDBURY PARK REAL ESTATE UPDATE:
The Ledbury Park neighbourhood appeals largely to families looking for a newer custom home in a traditional Toronto neighbourhood setting with convenient access to shops, transit and excellent schools all within 20 minutes of downtown Toronto. There have been approximately 120 sales inLedbury Park in 2011. This relatively high turnover is largely attributed to the proliferation of custom new builds that are steadily replacing the original post war bungalows that once lined the streets of this neighbourhood.
Suzy Goldstein, real estate sales representative at Sutton Group Admiral Realty Inc., says "the nicest part about this community is how inclusive it is. Everyone is welcome! There are many synagogues, and churches, beautiful parks and walking trails, outdoor ice rink in the winter, outdoor swimming pool in the summer, convenient shopping, 2 public libraries, and public transit. Ledbury Park is host to several community events throughout the year, and Avenue Rd. is home to many outdoor patios and coffee shops where neighbours and friends "Hangout."
The most affordable entry to Ledbury Park are the limited number of houses along Lawrence Avenue West. These homes are currently selling for between $600,000-$700,000. This is a steeply discounted price reflecting the fact these homes are situated on a busier street. Some houses closer to Bathurst Street (the west boundary) and Wilson Avenue (the north boundary) are also selling for under $750,000.
The ever popular bungalows on the quieter, interior Ledbury Park streets sell for between $835,000-$1,100,00 depending on the lot size and the street. These attractive brick homes are being snapped up by end-users and builders. This demand from multiple buyers has led to most of these homes selling for above the asking price.
Goldstein points out "that there is always a consistent flow of new and resale homes on the market in Ledbury Park at any given time. Traditionally the spring market is usually the best time to buy having the most amount of inventory available, however newly constructed custom homes can become available at any given time throughout the year". Goldstein makes a point to emphasize that "it is so important for a Buyer or a Seller in this community to connect with an active realtor who works exclusively in this neighborhood in order to take advantage of their networking abilities."
The new builds (less than 15 years old) with frontages between 20-30 feet obtain sale prices that range between $900,000-$1,500,000. These prices are largely predicated on four things: the street, the lot, the square footage and the age of the home. Newer homes in this price range are typically 3 or 4 bedrooms with 4 washrooms and a single car built-in garage. The newer custom homes on the premium lots (40-50 foot frontage) sell for between $1.5-$2.5 million dollars. These homes are 3500-5000 square feet with 4 or 5 bedrooms and 5 washrooms. They also include a double car garage.
Goldstein points out some of the luxury features that new home buyers are looking for in LedburyPark: "One of the most popular features is in floor heating in the basement, bathrooms, and main floor hallway. Other favorites are wine cellars, gyms, and home theatres." These luxury features and quality built homes command higher prices. In 2011 new price thresholds have been established with 6 houses selling in excess of $2 million dollars. With these new benchmarks Ledbury Park has now entered the ranks as one of Toronto's most exclusive neighbourhoods.
* Suzy Goldstein is the TorontoNeighbourhoodGuide.com real estate sponsor for Ledbury Park. Suzy can be reached on her cell at 647-298-1436, or by my e-mail: suzy@SGdefiningrealestate.com
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.
May 20, 2013 · CommunityVictoria Day Fireworks
May 20, 2013 · AnnouncementsVictoria Day at Fort York National Historic Site
May 22, 2013 · EntertainmentAn Afternoon of Tunes at the Terraces of Baycrest Retirement Residence
May 26, 2013 · FamilyTHIS SUNDAY - Nature and Heritage Hikes with Toronto Brick Works
Jun 1, 2013 · SportsCIMA Mayor's School Cricket Tournament