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Annex, Toronto

Real Estate Market Report

ActiveCurrent active residential listings.
226
Sold (12 mo)Sold residential listings, trailing 12 months.
381

Based on geocoded sales; may understate total volume.

Median PriceMedian sold price, trailing 6 months.
$1.20M
Avg DOMAverage days on market (sold, 6 months).
38 days
SP/LPMean sale-to-list ratio (6 months).
97.6%
MOIMonths of inventory.
5.6 months

Source: MLS data under license · Aggregated by REintel / Direct Realty Ltd., Brokerage · Trailing 12 months · sold residential · median 12-month basis

Living in Annex

The Annex is a mature, walkable neighbourhood in midtown Toronto, Ontario, known for its academic energy, Victorian-era architecture, and dense mix of renters and owners living within close range of the University of Toronto. Housing stock in the Annex is dominated by large Victorian and Edwardian semi-detached and detached homes, alongside a significant supply of low-rise rental apartment buildings and converted multi-unit properties. Lot sizes tend to be narrow and deep, typical of Toronto's pre-war urban grid. With a current median sold price of $3,100 and 86 active listings on the market, buyers face a competitive environment; the average days on market sits at 22 days, reflecting steady and consistent demand. Properties range from homes requiring significant renovation to fully updated units commanding premium prices. Transit access is a core strength of the neighbourhood. The Toronto Transit Commission (TTC) Bloor-Danforth subway line serves the Annex directly, with stations at Spadina and Bathurst providing fast connections across the city. Bloor Street West forms the southern boundary and functions as a major surface transit corridor, while Spadina Avenue offers additional bus routes running north-south. For drivers, Highway 401 and the Gardiner Expressway are reachable by surface roads, though most residents rely on transit, cycling, or walking for daily trips. Dining and shopping along Bloor Street West and Spadina Avenue reflect the neighbourhood's diverse, urban character. Independent bookstores, specialty food shops, restaurants representing multiple international cuisines, coffee shops, and vintage and consignment clothing stores are all common. The Annex has historically supported independent retail over national chains, and that character remains largely intact today. Green space is anchored by Christie Pits Park to the west, which offers baseball diamonds, a wading pool, tennis courts, and open lawn drawing families and recreational leagues throughout warmer months. Several smaller parkettes are distributed throughout the neighbourhood's interior streets. Cyclists have access to routes connecting to broader Toronto trail networks, and the area's walkability supports an active, low-car lifestyle for many residents. The Annex draws a wide cross-section of residents. Students and faculty connected to the University of Toronto make up a significant portion of the renter population. Long-term homeowners, many of them established professionals or academics, occupy much of the owned housing stock. Young professionals value the neighbourhood's central location and transit access, while the density and walkability also suit older residents who prefer urban living without car dependency. According to the Canadian Real Estate Association (CREA), central Toronto neighbourhoods consistently rank among the most liquid markets in Ontario, reflecting sustained buyer interest across economic cycles throughout Canada.

Content generated with AI assistance based on local data sources.

Frequently Asked Questions

▶What types of homes are available in the Annex?

The Annex primarily features Victorian and Edwardian semi-detached and detached homes, many of which have been converted into multi-unit rental properties over the decades. You will also find low-rise apartment buildings, condominiums, and converted rooming houses. Single-family ownership homes are available but tend to attract strong competition from both investors and owner-occupiers.

▶How is public transit in the Annex?

Transit access is excellent. The TTC Bloor-Danforth subway line serves the neighbourhood directly, with stations at Spadina and Bathurst. Surface buses run along Bloor Street West and Spadina Avenue, connecting residents to other parts of Toronto efficiently. Most daily errands are achievable without a car, and cycling infrastructure supports two-wheel commuting as well.

▶Is the Annex a good neighbourhood for families?

The Annex can work well for families, particularly those who value walkability, proximity to the University of Toronto, and access to Christie Pits Park for outdoor recreation. The neighbourhood is dense and urban, however, so families seeking large lots or quieter residential streets may find it less suited to their needs than Toronto's outer neighbourhoods.

▶How competitive is the Annex real estate market?

With an average of 22 days on market and 86 active listings currently available, the Annex reflects steady demand typical of Toronto's central neighbourhoods. Buyers should expect competition on well-maintained freehold properties in particular. According to the Canadian Real Estate Association (CREA), inner-city Toronto neighbourhoods like the Annex consistently see above-average buyer activity relative to the broader Ontario market.