Annex Property Management
Toronto is home to an assortment of trendy and multifarious neighbourhoods, but nothing quite compares to what Annex has to offer. The amalgamation of young university students, professors, and professional individuals lives harmoniously in this picturesque area littered with eateries, coffee shops, tattoo parlors, and independently owned retail shops.
For those who can afford it, Annex has become a popular residential area for students who attend the local University of Toronto campus, or thriving professionals who are still young at heart, looking to keep the pace of the city, while enjoying the more tranquil aspects of suburban life.
With so many cultural and historic influences, Annex has gradually become the hub for students and professors alike, especially those who enjoy a swanky social life. There simply is no other place quite like Annex, as its history is plastered, literally all over its buildings, streets, and local parks.
One will surely find something interesting in the area that will captivate your senses.
Information on Annex Neighbourhood
Back in the 1870s, parts of Annex were subdivided, making up smaller residential areas. Today, these have all been merged, now home to dozens of houses and buildings that are true to Victorian and Richardsonian Romanesque architectural styles.
Influences from abroad, especially the United Kingdom and Europe created a charm that is now home to the University of Toronto, the athletic center, and the Jewish Community Centre. Apart from this, there are also ample book stores, art galleries, The Royal Conservatory, and the popular Royal Ontario Museum.
An impressive collection of attractions is all tied together with beautiful plum-colored trees scattered in the streets. It’s one of the many reasons why more than 15,000 residents from all walks of life call this little neighbourhood their home throughout the year.
This area is anything but ordinary, nor sleepy. So for families, or young parents thinking that Annex might be the perfect suburb to raise a family isn’t quite the right choice. There are of course plentiful other places to choose from, but ultimately you’ll notice that Annex truly caters to the young and energetic crowd of Toronto.
The area shares borders with other prominent neighbourhoods such as Harbord Village, Tarragon Village, Rathnelly, and of course the famed University of Toronto in the south.
Dubbed as the fifth most walkable neighbourhood in Toronto, Annex has a walk score of 92. It’s pretty straightforward that a neighbourhood bordering a large public university would have ample roads and pathways specifically created for pedestrian traffic.
As of 2021, public transportation in the area has been updated, now serving bus lines 13, 7, 94, and 127. Subway stations include Bathurst, Spadina, and St George stations, helping residents to easily connect with either line 1 or 2 of the subways. The closest commuter highway is Don Valley Parkway, east of Annex.
The area has a high-ranking bike score of 91, allowing for a more bikeable community looking to easily get around, visit shops, run off to class and run daily errands with ease.
School District Ratings
Provisions for schools are somewhat limited, but average district scores are just over 6.8. The most well-known public school is Huron Street Junior Public School. Additional commuting will be needed for those looking to attend other schools or high schools.
Average Rent and Sale Prices
Some of the latest figures indicate that Annex has seen a 17% increase in new houses being sold in recent months, with the average selling price being just short of CAD 1.9 million.
A further look revealed that the average bachelor loft will cost around CAD 800+, while a three-bedroom apartment can set you back between CAD 2,000 and CAD 2,400. Rental for a one-bedroom apartment is the most popular, with a low cost of CAD 1,225 per month.
If you’re looking to purchase a new home, you can expect to pay anything between CAD 900,000 to more than CAD 2.1 million for a detached, three-bedroom dwelling.
Data indicates that rental is comparatively lower than in surrounding neighbourhoods.
Investing in Annex
Looking to invest, as late as 2016, the average price per sq foot hovered close to CAD 719. Investing here is tricky, as commercial and retail spaces are hard to come by, with so many of them serving the large young student population of the area.
Investors would need to consider student accommodation opportunities if they’d like to become part of the bustling enclave that is Annex.
Buttonwood Property Management
Property demand fluctuates seasonally, but overall we’ve noticed that Buttonwood has become a trusted partner and property management agent for residents and newcomers in the Annex area.
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