Toronto Real Estate News: Examining property values for Billings Avenue, Hertle Avenue, Kerr Road, Highfield Road, Cherry Nook Gardens, Vancouver Avenue, Woodfield Road, Kent Road, Ashdale Avenue, Craven Road and Rhodes Avenue.
Cameron Weir and Scott Hanton of The Weir Team help 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.
Take a look at these properties we’ve recently sold in your area:
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 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.
Our first Leslieville neighbourhood to focus in on will be the area east of Greenwood, south of Dundas, west of Coxwell and north of Queen. (Properties on those four busy main streets are excluded from the calculations and are worthy of their own property value assessment for houses on busy main streets).
Within that quadrant, let’s examine property values for Billings Avenue, Hertle Avenue, Kerr Road, Highfield Road, Cherry Nook Gardens, Vancouver Avenue, Woodfield Road, Kent Road, Ashdale Avenue, Craven Road and Rhodes Avenue.
From January 1 to November 30, 2015, according to the Toronto Real Estate Board’s MLS system (and then comparing to the same period 2 years earlier)
-29 properties were sold in this area of Leslieville (versus 25 in 2013)
-the average selling price of all home sold was $714,766 (versus $568,165 in 2013)
-selling prices ranged from $349,000 for a small semi with no basement on Ashdale Avenue to $1,125,000 for a beautifully renovated detached house on Rhodes Avenue with 2 car parking (versus $405,000 to $881,000 in 2013)
-10 houses sold were detached with an average selling price of $825,900 (versus 9 detached houses sold at an average of $638,623)
-19 houses sold were semi-detached with an average selling price of $656,275 (versus 13 semi-detached homes with an average selling price of $547,809)
-6 houses sold were on Ashdale Avenue with an average sale price of $698,317 (versus 5 houses sold on Ashdale Avenue at an average selling price of $560,226)
-6 houses sold were on Kerr Road with an average sale price of $708,567 (versus 2 houses sold on Kerr Road at an average of $657,000)
-6 houses sold were on Rhodes Avenue with an average sale price of $766,667 (versus 5 houses sold in Rhodes Avenue in 2013 at an average price of $523,621)
Clearly a healthy increase in 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.
Written by Scott Hanton, Real Estate Broker for The Weir Team, proudly working with the best realtors in Leslieville, Bloor-Yorkville, East York and all across the GTA in including Pickering real estate, Ajax real estate and Whitby real estate in Durham Region