Homes in Runnymede
Runnymede's tree-lined streets are lined with an eclectic mix of houses including grand Victorian mansions on Windermere Avenue at St.Johns Road, English Cottage and Tudor-style houses on Humbercrest Boulevard, pre and post-war bungalows, duplex and triplex dwellings, and a vast array of detached and semi-detached homes.
The reason why there is no discernable building pattern to these houses is due to the fact that they were built in stages from approximately 1890 to 1950. Runnymede houses feature many different types of exteriors including wood, insulbrick, frame siding, stucco, brick and stone. Many Runnymede houses feature gambrel roofs that have a distinctive barn-like appearance. This type of roof was popular in the early 1900's.
Runnymede Real Estate Update
Aug 9, 2013
Runnymede is a small neighbourhood located in the west-end of Toronto. It has long been overshadowed by the Bloor West Village neighbourhood to the south and the West Toronto Junction neighbourhood to the east. However, judging by the 26 homes that have already sold this year in Runnymede, homebuyers are finally discovering all the great attributes that this neighbourhood has to offer. Eugenia Evans, Broker and Brian Evans, Sale Representative, Royal Lepage Real Estate Services Ltd., Brokerage, confirm that "now more than ever, thanks to the hyped up demand in surrounding neighbourhoods, demand from homebuyers has now spilled over into the Runnymede neighbourhood."
Eugenia and Brian Evans describe the Runnymede real estate market as "definitely a sellers market with very few houses currently for sale". And when houses do come on the market here they sell quick averaging just 14 days on the market. The list to sale price ratio for homes in Runnymede this year is a lofty 100%. The Evans recently sold a bungalow in the neighbourhood that attracted 5 offers. "We are seeing alot of 1st time buyer activity right now." reports Eugenia Evans. "These buyers find Runnymede a little more affordable than some other trendy neighbourhoods."
The Runnymede neighbourhood has excellent access to public transit, is close to great parks including High Park, and provides easy access to the Annette Community Recreation Centre. The Evans point out that the Dundas Street West retail core is another dynamic selling feature for the neighbourhood with all the restaurants, bars and coffee shops. Annette Street has also been recently revitalized with bicycle lanes and pretty neighbourhood shops where you can get everything from flowers to groceries.
Runnymede has pretty streetscapes with lots of mature trees and quaint older homes with lots of character. Bungalows and semi-detached houses in the neighbourhood are selling for between $385,000-$600,000. Detached houses generally sell for between $550,000-$750,000. The Evans say that buyers recognize this excellent value and "see the potential the neighbourhood has for more growth".
"Everything on the market in Runnymede is selling very well", says Eugenia Evans who counsels her buyer clients to understand that "home buying is a process, you need to be persistent and focused with a plan and not get discouraged." Evans has noticed a sense of urgency on the part of buyers to get into the neighbourhood now while prices are still reasonable. "Buyers need to be realistic but home ownership is worth it", says Evans who has over 20 years of experience in the Toronto real estate market.
Runnymede real estate insights provided by Eugenia and Brian Evans. Eugenia and Brian can be reached at Office: (416) 762-8255, Cell: (416) 807-4149 or visit the website www.evansrealestate.ca
** 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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