Riverside Real Estate News: The Weir Team examines rising property values in Toronto’s Riverside neighbourhood
The Weir Team has years of experience helping real estate buyers and sellers all across the GTA and Durham Region. One area that we have a tremendous amount of history with is the increasingly popular east side of Toronto. If you’re looking to buy or sell a house in Riverside or Riverdale or Leslieville, find out why more and more people are contacting Cameron Weir and Scott Hanton.
The Weir Team’s tailor-made Gold Package delivers amazing results and nets much more profit for sellers. It pays to choose realtors who go above and beyond to make your property shine.
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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. Homeowners who’ve lived in the area for decades have seen property values skyrocket. But with that success for sellers 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 Riverside.
Since Cameron Weir and Scott Hanton help so many buyers find the perfect place on Toronto’s east side, we thought it’d be a good idea to take a closer look at property values for Riverside.
Let’s focus on sale prices for the first 6 months of 2015. The streets we’re looking at include: Boulton Avenue, Clark Street, De Grassi Street, Grant Street, Hamilton Street, Howie Avenue, Saulter Street and Wardell Street.
From January 1 to June 30, 2015, according to the Toronto Real Estate Board’s MLS system:
-16 freehold properties were sold in this area by some of the best real estate agents in Riverside, including our own transactions
-the average selling price of all homes sold here was $812,481 in an average of 13 days on market
-selling prices ranged from $540,000 for a small rowhouse on Grant Street to $1,120,000 for a gorgeous, semi-detached 3-storey home with no parking on De Grassi Street
-7 houses sold in this section of Riverside were detached during this period
-3 houses sold were on Boulton Avenue with an average sale price of $740,267
-4 houses sold were on De Grassi Street with an average sale price of $947,750
-4 houses sold were on Grant Street with an average selling price of $812,500
So what sort of difference would it make if it were detached? Or if there were no parking or no basement? What about 2-storey versus 3-storey? One bathroom or two? Finished basement or only partially?
There are all sorts of factors at play when determining the value of your Toronto 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 neighbourhood. Sell with confidence and buy with ease. Let us show you how.
Written by Scott Hanton, Real Estate Broker for The Weir Team. Email Scott@TheWeirTeam.ca