Description
Houses for sale in Carleton Village are typically modest attached, semi-detached and detached Victorian homes built in the late 1800’s or early 1900’s.
Lots are usually small but the price tag is hard to beat. The modest, family-friendly homes in this neighbourhood offer exception value in comparison to nearby areas and there's change coming to Carleton Village in terms of retail and transit - some residents will be within walking distance of the new Eglinton Crosstown LRT under development as part of Metrolinx's Big Move project - which will likely spur a surge in real estate prices here.
Best For
First-time buyers looking for affordable houses for sale in Toronto who are priced out of trendier west-end neighbourhoods like The Junction.
Overview
Carleton Village, originally a working-class residential neighbourhood, hasn’t changed to the degree that many other Toronto neighbourhoods have over the last few decades. It's still populated largely by Portuguese, Italian and Asian families and homes for sale in Carleton Village remain quite modest.
We don’t anticipate a quick turnaround here–there’s likely to be a longer time horizon for gentrification–but Carleton Village is one to watch in terms of long-term growth potential. It's designated an official, historic neighbourhood and is next door to the trendy Junction, giving it a certain clout by proximity. As well, retail developments have brought big box stores to the Stockyards signalling a shift in the winds, making homes for sale in Toronto Carleton Village a solid long-term investment.
Why We Love Carleton Village
It’s One to Watch
We’ve seen it happen in The Junction over the last decade – a major real estate transformation as young professionals and flippers snap-up original condition properties for extensive renovation. The trend is likely to spread and we’ll see Carleton Village’s more character-filled historic homes being renovated for re-sale, particularly as the older generations move out and young families move in.
However, buyers should be aware that the area is still very much in the early stages of development. But if you’re willing to buy and hold during the years of change to come, this may be a wise investment. If you’re interested in investing, we recommend keeping an eye on the area near Wadsworth Park which has quiet, family streets and a nice community feel.
The Landscape, She’s A Changing
The nearby Stockyards have changed dramatically with the influx of big box stores. Carleton Village residents on the west side of the neighbourhood are also in walking distance of all the trendy restaurants, bars and shops that have sprung up in the nearby Junction in recent years.
Owners of the historic Heydon House at Old Weston Road and St. Clair submitted drawings for a yet-to-be-announced extensive renovation. As well, a new condominium building by Stanton Renaissance is also in development nearby at St. Clair and Keele. A healthy smattering of Starbucks locations is sure to follow.
- 17thLeast expensive out of 93 neighbourhoods in Midtown$722KAverage home value in Carleton Village6.99%Year over year change in values
Historical Average Home Prices in Carleton Village