The W06 grid reference for the Toronto real estate board takes in a number of family residences namely Alderwood, Mimico, New Toronto, Longbranch, and more recently the entire condominium new construction phenomena along Lake Shore and Marine Parade Dr.
The Lake Shore at Superior Ave., is not exempt from a revitalization with the announcement of the Mimico by the Lake named Eleven Superior by Davies Smith .
From the Toronto Real Estate board statistics we have learned that in the W06 grid there were186 active listing ( Homes and condos for sale) of which 56 were new listings added in December and 58 of those sold.
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In greater detail there were 36 active listings (detached homes) of which 13 were sold within month at an average price of $ 428,419. The average home selling price in 2010 was $431,463 – up nine per cent in comparison to the 2009 average selling price of $395,460. In December, the average annual rate of price growth was five per cent.
The condo suites along the Lake Shore did slightly better on average with 136 active units for sale with only 36 sales. That seems a very low number of available and sold units given that there are in excess of 6,000 condominium suites effective 2008 source Humber Bay Shore Condominium Association The average condo sales price was $ 291,403.
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