Casa Loma Property Management
Home to the renowned Gothic Revival Castle which is situated on a hilltop, Casa Loma marries rich history and affluent culture, creating a neighbourhood that borders the slopes of downtown Toronto.
The bespoke architecture of the neighbourhood is home to some of Canada’s most influential families, including the Eatons, Macleans, and Nielsons. But today, more families have now made the Tudor and Edwardian properties their home, as the area boasts natural beauty.
It’s not only the valuable property and historic landmarks that have made Casa Loma so popular. Proximity to downtown Toronto’s Financial District and University of Toronto’s St George Campus, combined with sprawling green spaces and ample public transit hubs have given the neighbourhood a reputation hard to find in other suburban areas.
The community is driven to ensure the upkeep and regular maintenance to parks such as Sir Winston Churchill Park is reserved, helping to shape the residents into a fruitful neighbourhood that opens its doors to the rest of the greater Toronto area.
Information on Casa Loma Neighbourhood
During its establishment, Casa Loma has become home to high-end residents of Toronto. The history of the neighbourhood is set against the backdrop of Casa Loma, a gothic revival-style castle after which the area is named. The castle was originally built between 1911 and 1914 and was home to financier Sir Henry Mill Pallatt.
Although Pallatt only resided within the castle for nearly a decade, the turmoils of World War I and the Great Depression saw him running into a mountain of financial troubles. The castle would later be seized by the city and would become one of the most notorious public landmarks of Toronto and the neighbourhood.
While times have changed, the progressive tight-knit community of Casa Loma basks in the tranquility the local area has to offer. Recreational areas such as Nordheimer Ravine and Roycroft Parklands offer ample relaxation for residents.
Glen Edyth Drive Parkette, Boulton Drive Parkette, and Casa Loma Parkette are somewhat less celebrated but still offer a splendid walk in nature and daily activities for the kids.
A handful of swanky and upmarket restaurants and local eateries are found all over the neighbourhood, with some situated closer to Casa Loma Castle, and Avenue Road. While the neighbourhood sounds like something out of a fairytale, living here doesn’t come at a cost of local amenities. Businesses along St Clair Ave W, Spadina, Dupont, and Avenue Rd will meet all your needs and then some.
A recent development to bring more commercial and retail property to the area has been slow, as the community looks to keep its reputable residential status, painted against the history of Casa Loma Castle.
With a mere 10,000 residents, the neighbourhood is considered relatively walkable, with an average walk score of 78. Areas situated close to the castle are considered highly walkable, for both residents and tourists, with a small enclave of shops and restaurants easily accessible by foot.
Its proximity to surrounding neighbourhoods, and downtown Toronto allows for ample buses to pass through the area. Bus lines 7, 13, 33, and 127 are clustered around St Clair West Street. With subway line 1 accessible via St Clair West Subway Station.
Bus routes in and around the inner parts of Casa Loma are available, which are regularly used by both residents, and more often tourists.
While the neighbourhood has so much to offer in terms of public transportation, Casa Loma has a bike score of 72. Taking into consideration that although it might not be as high as one would expect, most of the recreational facilities are easily accessible via a bicycle, and children can bike to and from school
School District Ratings
Hill Crest Community School has received multiple awards and distinctions for its dedication to learning and child education. Schools on average have a 7.8 or higher rating. There are of course smaller schools available in the area, including, Waldorf Academy Toronto, The Mabin School, Arrowsmith School, and Brown Junior Public School to name just a few.
Average Rent and Sale Prices
While the neighbourhood sounds like something out of a fairytale, living here doesn’t come at a cost of local amenities. Rent for a standard one-bedroom apartment, in the upper market area of Casa Loma will on average cost between CAD 2,700 to CAD 4,000 per month. Larger apartments may also fall within this bracket, but surrounding amenities can hike up prices.
Currently, there is an annual change of property trends in the area considering residential dwellings, with prices increasing by more than 7% in just the last 12 months. The average asking price for a standard three-bedroom, two-bathroom house is CAD 1.7 million. Larger homes, with more historic architecture and features, can go as high as CAD 4 million.
Investing in Casa Loma
Considered a high tourist destination for Toronto, a boom in commercial and retail property has sparked investors to take up seats within the greater Casa Loma community.
A small retail space, averaging at 1,99 sq feet will see an initial capital investment of CAD 1.7 million and higher. While commercial property buildings are available for CAD 21 million to CAD 35 million. But large property development has already taken shape, with initial investments starting at CAD 5.8 million per lot.
Buttonwood Property Management
Settling in Casa Loma brings both culture and history to this enclave which is dedicated to preserving Canadian and Torontonian history. Buttonwood is grateful to be part of the Casa Loma community, and residential property management.
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