Sales of condominium units in High Park north of Bloor 

The graph above illustrates numbers of condominium units sold in High Park north of Bloor since the beginning of 2008. This is a very popular location, and with a small number of condo buildings only few units are being sold every month. Only one condo was sold in November of last year, and only two in January. But the activity increased in February, and, with the exception of April and July, the numbers of sold listings of condominium apartments were higher than in 2008. 

As in the other Toronto neighbourhoods, High Park experienced a significant dip in the average condo sale price at the end of 2008 and beginning of 2009.  That was mostly due to the fact that lower priced units were selling, while fewer buyers were looking for higher priced condos. Since May the average prices have been steadily rising. 

While in 2008 a small number of listings was sold above asking price, during most of 2009 listings were selling, on average, below asking. One condo was sold above asking in February, two each month in June, July and August, one in September, one in October, three in November and two in December. 

Interestingly, even though the real estate market in Toronto was generally slower in the second part of 2008, condos in High Park were still selling briskly, slowing only at the beginning of 2009. In May the pace increased, and we have seen some units sold in just a few days. But in October 2009, while the market elsewhere was very brisk, the average time required to sell a condo unit in High Park was relatively long. 

50, 80 and 100 Quebec Avenue: 

In 2009 21 suites were sold in the condominium complex on Quebec Avenue. Thirteen sales were recorded in 100 Quebec, with average prices of $358,350 for a two-bedroom unit and $436,071 for a three-bedroom condo. Seven suites were sold in 50 Quebec, with two-bedroom suites selling at an average of $417,000 and three-bedroom units, surprisingly, at an average of only $383,500. Only one condo apartment was sold in 80 Quebec. It was a two-bedroom suite, and was sold in four days for $365,100.

20 and 32 Gothic Avenue:

21 sales were reported in 2009 in 20 Gothic Avenue. Three of these were separate sales of parking spaces, all of which were sold for $25,000. One-bedroom units were selling at an average of $316,500, one-bedroom plus den apartments at $369,498 on average, two-bedroom spaces at $431,667, two-bedroom plus den at $464,817 and a three bedroom penthouse sold for $970,000. No sales were reported in 32 Gothic Avenue.

235 Medland hard lofts:

Two units were sold in 2009 in the small converted building on Medland at Dundas. One-bedroom space sold for $341,500, one-bedroom plus den loft sold for $350,000.

1 St. Johns Rd. hard lofts:

One loft was reported sold in the building located at St. Johns and Clendenan. It was a two-bedroom space, and it was sold for $335,000.

2495 Dundas Street:

15 sales were reported in the condo building on Dundas at Glenlake. Twelve of these were one-bedroom units, selling at an average price of $246,638. Three two-bedroom suites sold for $318,000 on average.

70 High Park Avenue:

21 condo units sold in the building in 2009. One-bedroom units were selling at an average of $275,141, two-bedroom suites at $361,500. 

2 Keele Street:

One sale of a two-bedroom condo was reported in the building at the corner of Keele and Bloor, with a selling price of $365,000. 

High Park north of Bloor has a small number of condo buildings. The oldest buildings are 50, 80 and 100 Quebec. A small building at 2 Keele was the next one to be built, followed by a low-rise building at 2495 Dundas and the newest additions are 70 High Park, and 20 Gothic.

Condominium suites on Quebec feature generous sizes, large balconies, outdoor swimming pool and tennis courts, and just steps to subway station located at Quebec and Bloor. Easy stroll to High Park and exquisite views are a bonus. Maintenance fees are a bit high, but they cover everything except property taxes. Most of the suites come with one, or even two parking spots. New condominium building at 70 High Park contains mostly small units, but they are pretty, and feature good quality finishes. High ceilings, balconies, great location and affordable prices make this building very popular.

New condos have been built on Gothic - a superb location, and lofts are available in a converted High Park mansion on Gothic, as well as on St. Johns in a converted office building and in a small converted warehouse on Medland. A beautiful church at the corner of Medland and Annette is presently being converted into lofts.

For information on the sales of High Park freehold properties please visit our Toronto Homes website. 

If you wish to receive information on sales or active listings in any of High Park condominium buildings, I will be glad to help. Please e-mail me or call 416-487-4311 and have me paged.