Exploring Toronto’s wealthiest neighbourhoods is like window shopping in a store where the price tags have their own zip codes. Yet, knowing the affluent neighbourhoods isn’t reserved for only the privileged few.
So, whether you’re envisioning your dream estate or simply intrigued by these locales, come along for a quick tour of Toronto’s most prosperous neighbourhoods. Remember, a touch of real estate daydreaming is the perfect remedy for a mundane day!
Bridle Path-Sunnybrook-York Mills
Population Total: 9,266
Population Density: 1,040 per square kilometre
Median Household Income: $215,798
Bridle Path-Sunnybrook-York Mills has been tagged as the ‘Most Expensive Neighbourhood’ since 2016. In fact, in 2020, its average home price surpassed the $5 million mark!
Nestled between Bayview Avenue to the west, Suncrest Drive to the south, it’s surrounded by lush greenery and top-tier amenities. Residents enjoy proximity to esteemed parks like Sunnybrook Park and the Toronto Botanical Garden.
They enjoy a lavish lifestyle, with access to gourmet dining events, golf tournaments, and social gatherings at the Granite Club. For those who prefer condo living, it offers units around its periphery, typically priced between $5 and $7 million.
Forest Hill South
Population Total: 10,732
Population Density: 4,380 per square kilometre
Median Household Income: 119,484
Forest Hill South is one of Toronto’s most exclusive neighbourhoods, boasting historic homes, top-notch schools, and a refined lifestyle. Bordered by Eglington and St. Clair Avenue, the area offers a mix of single-family detached homes and condos.
Property rates range from over $2.5 million for detached properties to the upper single-digit millions, with exceptional homes occasionally hitting $10 million. It’s also near green spaces like Winston Churchill Park and the Kay Gardner Beltline Trail.
If you find yourself enchanted by Forest Hill South and other Toronto’s affluent neighbourhoods, then it might be a good idea to explore this city. Discover why Toronto is perfect for solo travellers here.
Population Total: 20,923
Population Density: 4,500 per square kilometre
Median Household Income: $106,740
Rosedale-Moore Park, situated in the Millionaire Mile, epitomises luxury living in Toronto. Originally the estate of William Botsford Jarvis, the neighbourhood is adorned with lush areas like Rosedale Park, Evergreen Brick Works, and Craigleigh Gardens.
Despite its proximity to downtown, Rosedale-Moore Park maintains a family-friendly ambiance. It features quiet residential streets, renowned schools like Bennington Heights Elementary, and easy access to Yonge Street’s shopping and dining.
Real estate properties in this affluent area cost an average of $3.967 million, with some homes actually surpassing $10 million.
Population Total: 10,968
Population Density: 5,683 per square kilometre
Median Household Income: $93,022
Casa Loma, a neighbourhood named after the iconic castle, is known for its rich history and stunning architecture. Established in 1911, it boasts the grandeur of Sir Henry Mill Pellatt’s medieval-style castle, setting the tone for the neighbourhood’s opulence.
This sought-after neighbourhood has an average house price of $3.565 million, with styles such as English Cottage, Georgian, Tudor, and Edwardian. It’s a highly desirable area due to its prime location, excellent schools, and expansive outdoor spaces.
Additionally, Casa Loma’s real estate includes new luxury condo developments. However, buyers searching for condos may find it challenging to locate units priced below three-quarters of a million – some may extend into the $2–3 million range.
Population Total: 17,812
Population Density: 2,430 per square kilometre
Median Household Income: $98,420
St. Andrew-Windfields is characterised by distinctive estate-style homes, the neighbourhood’s average home carries a price tag of $3.126 million. This well-established and safe community boasts excellent educational institutions.
Homes in St. Andrews typically range from $1.3 million to $9 million. In fact, grand estates occasionally exceed the double-digit millions, featuring a minimum of four bedrooms and three bathrooms.
The neighbourhood’s residential charm is underscored by its lush greenery. Plus, the absence of commercial activity in the heart of the community creates a tranquil ambiance, setting it apart from bustling urban counterparts.
Population Total: 12,528
Population Density: 10,708 per square kilometre
Median Household Income: $80,136
The average home in Yonge-St-Clair commands $2.955 million. A mere 10-minute commute to Toronto’s financial centre, it’s a preferred choice for professionals seeking proximity to work without compromising on residential appeal.
Families find this spot particularly appealing due to the presence of private schools like De La Salle College and The York School within the area. Also, Balmoral, Farnham, and Walker Avenues stand out as the most popular and picturesque streets.
The housing landscape predominantly comprises condos and multifamily units, ranging from the $600s to the $800s for one- to three-bedroom homes. Ultra-luxury units go beyond, providing residents with 24-hour security, pools, exercise rooms, and more.
Population Total: 30,526
Population Density: 10,863 per square kilometre
Median Household Income: $71,053
The Annex is celebrated for its pedestrian-friendly streets, diverse recreational activities, and excellent shopping options. Boasting properties dating from 1880 to 1930, the average home in this charming area commands a price of $2.890 million.
What sets The Annex apart is its distinctive lack of skyscrapers compared to the rest of the city, providing residents with a small-town ambiance. Also, Bloor Street forms the heart of The Annex, hosting a variety of local boutiques and stores.
Condo options start in the $700s, reaching up to $3 million for luxurious or new construction units. Meanwhile, single-family homes, both detached and semi-attached, can be found in the range of $2 million to nearly $10 million.
Lawrence Park South
Population Total: 15,179
Population Density: 4,685 per square kilometre
Median Household Income: $151,885
Lawrence Park South, home to both aristocrats of the past and the present, has earned its place on the Millionaire Mile. Distinguished as one of the first garden-planned suburbs in the city, Lawrence Park South has maintained its wealth for over a century.
Bordered by Yonge Street and Bayview Avenue, Lawrence Park South offers an abundance of upscale dining options and shopping opportunities. The presence of prestigious private schools adds to the neighbourhood’s appeal to affluent families.
With many residents having generational ties to the area, breaking into the local property market can pose a challenge. Its homes, typically Georgian, Colonial, Tudor-revival, and English country-style, boast an average price tag of $2.865 million.