Homes in Danforth Village
North of the Danforth the streets are lined with semi-detached houses that feature distinctive front porches. South of the Danforth the homes are more varied ranging in size and style from Victorian semis, to bungalows and newer townhouses.
The typical Danforth Village home was built in the 1920s and 1930s.
Danforth Village Real Estate Update 2014
Danforth Village is brimming with affordable starter homes - at least by Toronto standards - so it is no surprise that the real estate market in this neighbourhood has been very busy with a total of 212 sales recorded so far in 2014. Keep in mind this neighbourhood encompasses a fairly large swath of east-end Toronto and the houses are fairly close together which means there is more real estate available to be sold than in many other Toronto neighbourhoods.
There may be a decent supply of listings in this neighbourhood but there is always an ample supply of buyers ready to pounce on any new listing. Corinne McCabe, Broker, Bosley Real Estate Ltd. sells Danforth Village homes and she says: "Urban young professionals see the Danforth Village area as one of the city’s last affordable pockets. "You get the Danforth lifestyle with out breaking the bank like you might in some other higher profile neighbourhoods. Danforth Village is a great choice for first time home buyers as well as people looking for more bang for their buck."
There have been 138 semi-detached houses sold this year ranging in price from $425,000-$865,000 with a median price of $600,000. There have also been 74 detached home sales including bungalows in the $425,000-$580,000 price range and two-storey homes in the $550,000-$950,000 price range. McCabe provides this further insight into the Danforth Village housing stock. "The homes here are typically modest 2-3 bedrooms, both semi-detached and detached homes. A lot of these properties are on quiet tree-lined streets and have lovely front porches to watch the world go by. Most of the Danforth Village houses date back to the 1920s and 1930s. Condo townhouses have begun to appear, and we are even getting a couple of condo buildings along the Danforth."
McCabe describes the current Danforth Village market as a "sellers market" with first time buyers competing with renovators and builders. "This is an excellent time to buy a home in Danforth Village as we are still a little bit under the radar as far as Toronto real estate goes" says McCabe. One fairly recent trend in the neighbourhood are "top ups" on bungalows. Many of these second storey additions have a modern flair with contemporary designs that are in stark contrast to the older housing stock in the neighbourhood. In Danforth Village there is something for everyone whether you like older traditional homes or recently renovated modern homes.
McCabe lists the myriad of public transportation options in the neighbourhood as a real plus, including 5 subway stops, a Go Train station and numerous bus and streetcar routes. McCabe also points out you can get from Main station to downtown Union station in just 10 minutes ! Great schools and parks are attracting families to this neighbourhood. The shopping scene is slowly being revitalized by the Danforth East Community Association whose Pop Up Shop Project is proving to be very successful. The Pop Up Shop Project matches building owners on the Danforth with retail and restaurant entrepreneurs, in an effort to establish a thriving and viable commercial corridor.
McCabe offers the following advice for Danforth Village homebuyers. "Consider buying a home that may require some improvements and you may have an excellent investment opportunity." McCabe has seen prices edge up in Danforth Village over the last five years and with more and more families moving in she expects real estate values in the neighbourhood to continue trending upwards.
Danforth Village neighbourhood real estate update provided by Corinne McCabe, Broker, Bosley Real Estate Ltd. Corinne can be reached at office 416-322-8000, direct 416-888-9842 or at the following 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 publisher assumes no responsibility for the accuracy of any information shown.