Toronto Real Estate – House Prices for the start of 2016
The Weir Team helps real estate buyers and sellers all across the GTA and Durham Region. One area that we have a tremendous amount of experience with is the increasingly popular Toronto neighbourhood of Leslieville.
Located just to the east of Toronto’s downtown core, young couples and young families continue to eye this diverse area with hopes of calling it home. Real estate homeowners have seen property values in Leslieville skyrocket. But with that success comes the pain for many buyers who continue to lose bidding wars and cling to hope that they can still afford a detached or semi detached house in Leslieville.
Since Cameron Weir and Scott Hanton continue to help so many buyers find the perfect place in Leslieville, we thought it’d be a good idea to take a closer look at property values for specific pockets of Leslieville. For example, north and south of Gerrard Street or east or west of Greenwood Avenue can all be better, worse, more valuable or less valuable for a variety of reasons.
We’re seeing a tremendous increase in house values so far this year. And that’s no different with our listings, especially thanks to our tailor-made gold package listing service.
Here is sampling of a few recent homes we’ve sold in the area:
The Leslieville neighbourhood to focus on now will be the area east of Greenwood, south of Dundas, west of Coxwell and north of Queen.
Within that quadrant, let’s examine property values for Billings Avenue, Hertle Avenue, Kerr Road, Highfield Road, Coxwell Avenue, Cherry Nook Gardens, Vancouver Avenue, Woodfield Road, Kent Road, Ashdale Avenue, Craven Road and Rhodes Avenue.
From January 1 to March 31, 2016, according to the Toronto Real Estate Board’s MLS system:
-only 9 properties were sold in this area of Leslieville
-the average selling price of all home sold was $692,444
-selling prices ranged from $80,000 for a small garage (yes, that’s right!) behind Woodfield Road to $1,168,000 for a beautiful and newer detached house on Ashdale Avenue
-5 houses sold were detached with an average selling price of $843,200
-2 houses sold were semi-detached with an average selling price of $708,000
-1 house sold was a rowhouse on Craven Road for $520,000
-1 house sold was detached 2-storey house on Coxwell Avenue for $700,000
-1 house sold was a semi-detached 3 bedroom house on Cherry Nook Gardens for $741,000
-1 house sold was a semi-detached house on Kerr Road for $675,000
-1 house sold was a detached house on Greenwood Avenue for $830,000
-1 house was a semi-detached, 2 bedroom house on Craven, sold by The Weir Team for $520,000
-1 house sold was a detached bungalow on Rhodes Avenue for $585,000
Clearly some rising property values for this pocket of Leslieville.
So what sort of difference would it make if there were no parking or no basement? What about 2-storey versus 3-storey? One bathroom or two?
There are all sorts of factors at play when determining the value of your Leslieville house. Send us an email or give us a call today to find out how much The Weir Team could sell your house for. We’re trusted and proven with exceptional results in your Leslieville neighbourhood. Sell with confidence and buy with ease. Let us show you how.