In 1827, the newly formed council of King’s College University bought 150 acres of undeveloped forest land south of Bloor Street and west of Avenue Road. The purchase price was 3,750 pounds. What would eventually become the University of Toronto Campus was originally acquired for 25 pounds per acre!
Today, the University-South Annex area is a mix of single family homes, student housing, condominiums and retail development. Next to the University of Toronto’s St. George Campus, the neighbourhood has everything from museums to live music venues to a movie theatre. This eclectic blend is what makes the area unique.
The University neighbourhood is also referred to as the South Annex by its residents and merchants. Those working and living east of Grace Street and north of College think of themselves as part of the South Annex. The area is served by the Spadina and Bathurst subway stations. Drivers will find Harbord Street an easier route than Bloor Street West when traveling east and west.
A typical University-South Annex house is a 2-storey semi-detached on a 20’ wide lot. In 2015, a detached house sold for an average of $1.5 million, while a semi-detached home sold for $1.1 million. Some of the houses have undergone interior renovations and retain their original exteriors. Others have modified exteriors that express the tastes and traditions of their current owners. There are a few high rise condominium projects, most of which are located along Spadina Avenue. Condominiums which sold in 2015 traded for an average price of $530,000.
The neighbourhood’s main shopping areas are located along Bloor Street West and along Harbord Street. Harbord Street between Spadina Avenue and Bathurst Street has specialty bookstores, restaurants and a ceramics studio. Mirvish Village offers stores specializing in the arts - or just with an artistic attitude. Bloor Street between Avenue Road and Bathurst Street features food shops, yoga studios and restaurants offering a wide variety of national cuisines. There are plenty of sidewalk cafes which make strolling Bloor Street in clement weather a delight.
University-South Annex caters to students, families, theatergoers, music lovers and foodies. Its residents can walk to museums, restaurants and yoga classes. Fine housing stock and an excellent location make the neighbourhood a value proposition for Buyers. Its cultural scene and services make it highly desirable.
The Toronto neighbourhood map displayed on this website was published in “Your Guide to Toronto Neighbourhoods”, is copyright Maple Tree Publishing and has been reproduced by the Toronto Real Estate Board under license.