Many people moving to Toronto have asked about the Lawrence Park neighbourhood in Toronto. It is bordered by Lawrence Ave E to the north and Blythwood Ravine to the south, between Yonge St and Bayview Ave. It gets its name from John Lawrence, whom owned the land in early 1900.
The area as we know it today is due to some major planning on the part of Toronto. In fact, the area was one of Toronto’s first planned garden suburbs, and was marketed as an “aristrocratic neighbourhood”. Streets were planned with boulevards and the area included several parks, but building itself was sporadic, and didn’t completely finish until the 1950’s (thanks to 2 world wars and that pesky depression). In 2011 the area was named the wealthiest postal code in Canada. The area is close to the affluent Granite Club, and a short drive to some of Toronto’s best private schools, including TFS (Toronto French School), Havergal College, and Crescent School. As a result of these excellent private schools, Lawrence Park is often carefully selected for individuals moving to Toronto or accepting a Toronto relocation, above other homes in the Greater Toronto Area. Commute time to the financial district of downtown is 38 minutes by public transit, or 55 minutes by car.
Real Estate in the area hit the million dollar mark in 2011/2012 consistently, and has not looked back. The area has always been strong, from a real estate perspective. As of May 2018, there were 202 new listings, selling for 100.2% of asking price, within 12 days, and with an average selling price of $1,888,824. Ten years ago the average selling price was $876,063, so real estate in the area proves to be an excellent investment with properties more than doubling in value in 10 years. One bedroom rentals rent for, on average, $1,850 per month.
Moving to Toronto? Are you part of a Toronto relocation with your employer? I can help you with all steps of the process, from finding a new home, temporary housing in the meantime, settling in services, move management, and so much more. So many steps of the move can be handled in advance, so when you arrive we can get you settled much faster. When moving to the GTA, I can help with all aspects of the relocation. We can make moving to Toronto seamless.
I’d love to hear from you, so call me today to discuss.