The Annex was subdivided in the 1870's and 1880's. It immediately became one of Toronto's elite neighbourhoods.
The Annex's first residents included the likes of Timothy Eaton, the patriarch of Eatons department store, and George Gooderham, president of the Gooderham and Worts Distillery.
The Annex's Golden Era lasted until the 1920's, when the upper classes began to migrate northward to newer more fashionable suburbs in Forest Hill and Lawrence Park.
Those who stayed behind helped form the Annex Residents Association. This powerful lobby group saved the Annex from the proposed Spadina Expressway which would have divided the Annex in half, had it been built. The shops and business in the Annex area have also worked hard to better this stretch of Bloor by creating the Bloor Annex BIA.
The Annex has endured and is now over one hundred years old. It remains one of Toronto's premier neighbourhoods.
Excerpt from: Your Guide to Toronto Neighbourhoods, by David Dunkelman, Maple Tree Publishing, Inc.
City of Toronto, Annex Neighbourhood House Values:
Toronto Annex Real Estate value for the year 2007: Homes in the Annex area sold at an average price of $1,039,220.
Annex home sales for 2006: Homes in the Toronto Annex area sold at an average price of $1,013,506.
The homes in the Toronto Annex went up in value by 2.5% over this period of time.
Stats obtained from TREB
For more information about Toronto Annex Real Estate please feel free to contact Ryan Roberts your Toronto residential real estate agent.
