The Junction Neighbourhood Real Estate Information
The history of the Junction Triangle community dates back to the 1880's when the Grand Trunk, Toronto Grey and Bruce and Northern railway lines began service to this area. The railways attracted industry to the Junction Triangle which in turn attracted the labourers who were the first residents of this neighbourhood.
In spite of the fact that many Junction Triangle residents earned their living at the local factories the marriage between industry and homeowners in this tightly confined neighbourhood has not always been harmonious. The issue of pollutants and noise levels has been at the forefront of these disputes. However new legislation on emissions together with a decline in the number of factories operating within the Junction Triangle has helped to improve relations between these neighbours.
The Junction Triangle's narrow tree-lined streets are framed by two and three-storey Victorian style houses, built mostly in the 1910's and 1920's. The brick exterior on many of these houses has been colourfully painted, giving these older homes a bit of a facelift.
Most of the housing in the Junction Triangle has been converted into two and three family dwellings both by investors looking for income producing properties as well as by owner/users looking to off-set their mortgage costs.
The Junction Triangle is less than one mile from High Park, which contains a myriad of recreational opportunities . There are also four local parks located within this neighbourhood. Their facilities include playgrounds, wading pools, and artificial ice rinks.
The local YMCA, at Perth and Annette, offers a wide variety of programs for children and seniors. The Perth Dupont Public Library has programs for preschoolers and children.
The Junction Triangle name was coined in the 1970's by Toronto city planners who were making reference to the fact that this neighbourhood is enclosed by a railroad junction which forms the shape of a triangle.
Excerpt from: Your Guide to Toronto Neighbourhoods, by David Dunkelman, Maple Tree Publishing, Inc.
City of Toronto, The Junction Neighbourhood House Values:
The Junction Real Estate value for the year 2007: Homes in the Junction area sold at an average price of $342,944. There were a total of 96 sales in 2007. The average 'days on the market' was 21. The most expensive home sold for $650,000. The stats indicate that the Junction area has been experiencing a period of gentrification. Many homes are being improved in order to make a greater profit when sold.
Junction home sales for 2006: Homes in the Toronto Junction area sold at an average price of $308,703. There were a total of 72 sales in 2006. The average 'days on the market' was 31. The most expensive home sold for $455,000.
The homes in the Toronto Junction went up in value by 10% over this period of time.
Stats obtained from TREB
For more information about Toronto's Junction Real Estate please feel free to contact Ryan Roberts your Toronto residential real estate agent.