Recently, I helped a client with a purchase in The Beach. This community is situated between Victoria Park and Coxwell Avenue, and it is south of Kingston Road. Rather than a big city neighborhood, The Beach looks more like a lakeside resort town. In the summer, thousands of people flock to The Beach. People can walk on The Boardwalk or the Martin Goodman Trail, relax by the water as well as shop and dine at the colorful stores and restaurant along Queen Street. The Beach is also home for many annual events such as International Jazz Festival and Arts and Crafts show.
The Beach enjoys a high profile in the Toronto Real Estate market, and properties here enjoy a substantial 'location' premium. The avenues are mostly lined with semi-detached and larger Victorian, Edwardian homes from around the 1900s and the 1920s. There are also a good number of newer luxury homes and low-rise apartment buildings and row houses. There are limits to the height of buildings in the community. Due to limited supply and great demand, bidding wars in the Beach are commonplace. Recently, a semi-detached home created a huge bidding war, and sold 117% of the asking price. Overall, this is a very attractive neighborhood presenting opportunities for both home owners and investors.