New Condos in Rosedale-Moore Park –Toronto

1. Affordability and budget considerations:

Rosedale-Moore Park is one of the most expensive neighborhoods in Toronto, with an average home price of $3.5 million. This can make it difficult for some buyers to afford a home in the area, especially those on a tight budget.

However, there are still opportunities for buyers to find affordable homes in Rosedale-Moore Park. For example, some older homes in the area may be more affordable than newer builds or renovated properties. Additionally, buyers can consider purchasing a condominium or townhouse instead of a single-family home, which may be more affordable.

It is important for buyers to carefully consider their budget and affordability when purchasing a home in Rosedale-Moore Park, to avoid stretching themselves too thin financially

2. Type of property and investment goals:

When considering buying or investing in Rosedale-Moore Park, it is important to think about the type of property and investment goals. Single-family homes in the area tend to be more expensive, but they may also offer more potential for long-term appreciation and rental income. Condominiums and townhouses may be more affordable, but may also have lower appreciation potential.

Buyers should also consider their investment goals when purchasing in Rosedale-Moore Park. For example, if they plan to rent out the property, they should consider the rental market in the area and the potential for rental income. They should also think about their long-term goals, such as whether they plan to sell the property in the future or hold onto it as a long-term investment

3. Local zoning and regulations:

Before investing in Rosedale-Moore Park, it is important to understand the local zoning and regulations. This can impact the type of property that can be built or renovated in the area, as well as the potential for future development.

The City of Toronto has specific zoning bylaws that dictate how land can be used and developed. Buyers should consult with a real estate lawyer or city planner to understand the zoning in the area and how it may impact their investment.

3. Neighborhood trends and future developments:

Finally, it is important to consider the neighborhood trends and future developments when investing in Rosedale-Moore Park. This can impact the potential for long-term appreciation and rental income.

Currently, the real estate market in Rosedale-Moore Park is strong, with prices increasing steadily over the past few years. According to the Toronto Regional Real Estate Board, the average price of a home in Rosedale-Moore Park increased by 20.6% in 2021 compared to the previous year.

There are also several new developments in the area that may impact the real estate market in the future. For example, the redevelopment of the former Imperial Oil site on St. Clair Avenue is expected to bring new residential and commercial developments to the area.

Buyers should stay informed about neighborhood trends and future developments to make informed investment decisions in Rosedale-Moore Park.

1. Community events and festivals:

• Rosedale Main Street Festival: This annual festival celebrates the local community with live music, food vendors, and a variety of family-friendly activities.
• Rosedale Fall Festival: This festival takes place every September and features a pumpkin carving contest, a petting zoo, and a farmer’s market.

2. Parks and green spaces:

• Rosedale Park: This park is one of the largest in the neighborhood and features multiple sports fields, tennis courts, and a playground.
• Moore Park Ravine: This natural oasis is a popular spot for hiking and bird watching, and features several trails and lookout points.
• Chorley Park: This park offers stunning views of the city skyline and is a popular spot for picnics and events.

3. Restaurants, bars, and cafes:

• Black Camel: This sandwich shop is a neighborhood favorite, known for its slow-roasted beef and pulled pork sandwiches.
• Terroni: This upscale Italian restaurant features an extensive wine list and a menu of classic pasta dishes and wood-fired pizzas.
• Boxcar Social: This cozy cafe and bar serves up a selection of craft beers and specialty coffees.

4. Schools and educational institutions:

• Whitney Junior Public School: This elementary school is known for its strong academic programs and focus on community involvement.
• Branksome Hall: This all-girls private school offers a rigorous academic program and a range of extracurricular activities.
• University of Toronto: This prestigious university is one of Canada’s top academic institutions, offering a wide range of undergraduate and graduate programs.

1. Overview of the job market in The Annex and Toronto:

Toronto is home to a diverse range of industries, including finance, technology, and healthcare. The job market in Toronto has remained strong despite the challenges posed by the COVID-19 pandemic, with unemployment rates dropping from 10.7% in August 2020 to 6.9% in August 2021.

2. Rosedale-Moore Park is home to several major companies, including:

• TD Bank Group: This Canadian multinational bank has its headquarters located in Toronto and employs over 85,000 people worldwide.
• Manulife Financial: This global financial services company offers a range of insurance and investment products and employs over 37,000 people worldwide.
• Hudson’s Bay Company: This Canadian retail company operates several department store chains, including Hudson’s Bay and Saks Fifth Avenue.

1. Access to public transportation:

The neighborhood has several subway stations located within walking distance, including Rosedale Station, Summerhill Station, and Davisville Station. These stations provide easy access to other parts of the city, including the downtown core, financial district, and entertainment districts. In addition to the subway, Rosedale-Moore Park is also served by several bus routes and streetcar lines, providing convenient access to other parts of the city.

2. Major highways and roads:

Rosedale-Moore Park is located near several major highways and roads, including the Don Valley Parkway (DVP) and Yonge Street. The DVP is a major highway that connects the city’s northern suburbs to downtown Toronto, making it easy to commute to other parts of the city. Yonge Street is one of Toronto’s busiest streets, running north-south through the city and connecting several neighborhoods, including Rosedale-Moore Park.

3. Bike lanes and walkability:

Rosedale-Moore Park is a walkable neighborhood with several bike lanes and pedestrian-friendly streets. The neighborhood is known for its tree-lined streets and beautiful homes, making it a great place for a leisurely walk or bike ride. The nearby Beltline Trail is a popular walking and cycling path that stretches through several Toronto neighborhoods, including Rosedale-Moore Park.

In recent years, there has been an increased focus on making Toronto a more bike-friendly city, with several new bike lanes and cycling infrastructure projects in the works. This is good news for residents of Rosedale-Moore Park, who will have even more options for cycling and walking in the future.