The Loretto Condos

Discover The Annex, Toronto: A Premier Neighbourhood

The Annex, a historic and vibrant neighbourhood in Toronto, is cherished for its unique charm, rich history, and lively community atmosphere. This area is a top choice for many Torontonians due to its excellent local amenities, diverse cultural offerings, and prestigious real estate market.

Why People Love The Annex

The Annex is known for its eclectic mix of cultural, educational, and recreational amenities:

•Historic Architecture: The Annex features some of Toronto’s finest examples of architectural brilliance, including Victorian, Edwardian, Georgian, and Tudor-style homes. These historic houses, with their unique turrets, grand archways, and manicured gardens, add to the neighbourhood’s charm.

•Educational Institutions: Proximity to the University of Toronto makes The Annex an academic hub. Additionally, the neighbourhood hosts several top-tier schools such as Royal St. George’s College, Huron Street Junior Public School, and Central Technical School.

•Dining and Nightlife: The Annex boasts a vibrant dining scene with a variety of restaurants, cafes, and bars. Popular spots include upscale Italian restaurants like Sotto Sotto, trendy cafes such as Future Bistro, and iconic music venues like Lee’s Palace.

•Cultural Attractions: Residents and visitors can explore cultural landmarks like the Royal Ontario Museum (ROM), Casa Loma, and the Bata Shoe Museum. These attractions offer a glimpse into Toronto’s rich history and diverse cultural heritage.

Real Estate in The Annex

The real estate market in The Annex is diverse and highly sought-after:

•Average Home Prices: The Annex features a range of property types, from historic century homes to modern condominiums. As of mid-2024, the average home price in The Annex is approximately $2 million, reflecting the area’s premium status.

•Notable Condominium Buildings: Modern developments like those along Bloor Street West and the area around Bathurst and Dupont offer luxurious living spaces with contemporary amenities and panoramic city views.

•Market Trends: The Annex has experienced steady growth in property values due to its desirable location, historic charm, and excellent amenities. The neighbourhood’s real estate market remains robust, attracting both local and international buyers.

Economic Profile

•Average Income: The Annex is one of Toronto’s wealthier neighbourhoods, with the average household income significantly higher than the city average. While the median household income in Toronto is around $85,000, The Annex’s average individual income is approximately $171,495, showcasing its affluent demographic.

Key Takeaways

•Historic Charm: The Annex’s beautiful historic architecture and tree-lined streets create a picturesque and inviting environment.

•Cultural and Academic Hub: Proximity to major cultural institutions and the University of Toronto makes The Annex a vibrant and intellectually stimulating place to live.

•Diverse Amenities: From top-rated schools and recreational facilities to an eclectic mix of dining and nightlife options, The Annex offers a high quality of life.

•Strong Real Estate Market: With steadily increasing property values and a diverse range of housing options, The Annex is a prime location for real estate investment.

The Annex stands out as one of Toronto’s most prestigious and dynamic neighbourhoods, offering a unique blend of history, culture, and modern living. Whether you’re looking for a historic home, a modern condo, or simply a vibrant community to call home, The Annex is an excellent choice.