Burnhamthorpe Gardens

Burnhamthorpe Gardens is known as one of the in-demand neighbourhoods of central Etobicoke! This part of Etobicoke was populated with simple bungalows and story-and-a-half homes in the mid 1950’s. The original, post second world war homes were modest in size and appearance. Built on what was at the time the edge of Toronto during the height of the baby-boom. Jump forward 60-years Toronto has grown and expanded! The land these homes are sitting on has become more valuable than the structures. Typically, we find detached homes on 40 and 50 foot wide lots with depths ranging from 110 feet to 140 feet. Walking distance to the Kipling subway station and surrounded by upscale shopping and services, this area is in-demand by homeowners and developers.

Who Will the Buyer Be?
Given the generous lot sizes, this is a very favourable area to replace the original homes with larger modern homes. If the home has been really well maintained and is considered “up-to-date”, it will more likely be purchased by a homeowner to move in to. Still, they need to be able to adapt their lifestyle to fit into these homes. The closet space is limited, the rooms are small and the walls may not be insulated. Home that have not been modernized will more likely be snatched-up by a builder. These small builders generally work on spec. They purchase the property and will spend an additional $300,000 to $500,000 to substantially renovate or to rebuild and then market the finished product.  Regardless of the condition of the home, all homes sell rapidly in this neighbourhood, as long as they are properly priced.

Prices
In the past year many of the original homes on 50-foot lots have sold in the $600,000 range while the newly rebuilt homes have sold for $1.1-Million to $1.4-Million – depending on location, size, features and the quality of workmanship and materials.

Increasing Affluence
While it is sad to see the history of the neighbourhood taken away, there is really no significant architectural qualities that would warrant saving the older homes. The new homes are built to match the needs of today’s families, larger master bedrooms with walk-in closets and ensuite bathrooms, family rooms and large kitchens. Built to today’s building standards they are properly insulated and have the modern conveniences buyers are looking for. This renewed housing stock is leading to an increasing affluence in the area.

Boundaries
The borders of the neighbourhood are Burnhamthorpe at the top, Bloor Street at the bottom, Kipling Ave on the east and The East Mall to the west. Streets closer to Kipling and particularly with closer access to the Kipling subway are most coveted.

Streets
Streets east of Shaver Ave are Fairlin Dr, Mervyn Ave, Charleston Rd, Burnelm Dr, Botfield Ave, Jopling Ave, Prennan Ave, Goswell Rd, Burnhamhall Court, Lochway Court, Mattice Ave, Wedgewood Dr, Martin Grove Rd, Ashbourne Ave, Tonwell Court, Swan Ave, Wedgewood Dr, Rockfield Dr, Gaylord Ave, Leagate Rd and Tyre Rd.

On the west side of Shaver Ave we find Belgrove Dr, Smithwood Dr, Lorene Dr, Maydolph Rd, Northampton Dr, Laurel Ave, Hamlyn Cres, Cronin Dr, Laurel Gate, Bloorlea Cres, Nipissing Dr, Oregon Trail, Lomar Dr, Blaketon Rd, and Friendly Dr. There is also an attractive neighbourhood of townhomes at 385 The East Mall, originally built by Tridel.

Around the Area
There are four schools in the area – Wedgewood Junior Public School (JK to grade-5) and Bloorlea Middle School (Grades 6 to 8), Our Lady of Peace Catholic School and Olivet Day School. There is a major Loblaws store at Burnhamthorpe and The East Mall. Numerous bus routes pass by the area as they converge on the Kipling subway station to the south. There is the Eatonville Public Library, and outdoor tennis, swimming and skating rink at Wedgewood Park. A Shoppers Drug Mart, Starbucks and an excellent fruit and vegetable store can be found at nearby Six Points Plaza, along with a number of other local retail businesses.

Favourite restaurants of the area include Apache Burger, Milano’s Pizza, Bloor Street Diner, Mcnies Fish and Chips and a Tim Horton’s at Dundas and Auckland Rd, with more elegant dining a few blocks away.

The closest area mall is Cloverdale Mall on The East Mall, with a 24-hour Metro store, a Winners store and a soon to arrive Target store. Sherway is the closest major regional mall with The Bay, Sears, Holt Renfrew, Apple and Sporting Life as the major anchor tenants.

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Lorraine Gardens Etobicoke Profile - Etobicoke Real Estate
December 9, 2011 at 4:22 pm

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