Casa Loma real estate offers some of the most interesting properties in Toronto. Located minutes from the downtown area, you will find an eclectic mix of joggers, huge castles, and BMW’s alike. In fact, Casa Loma has a Spanish heritage, and it’s name has a translation of “house on a hill”, this name was appropriately ascribed to the city in dedication to the 3 million dollar castle which overshadows this quaint little neighbourhood. The castle, which took 300 men three years to build from start to finish, was completed in 1914, and Casa Loma has been one of Toronto’s most diverse and exciting neighourhood’s ever since. Surrounding neighbourhoods include: The Annex to the south and Forest Hill to the north.
From 1914 to 1937 the castle has been used for everything from a personal residence to a secret military research base. Today, Casa Loma is one of Toronto’s hottest tourist destinations. Casa Loma real estate is definitely an experience in luxury, with the average selling prices for homes being close to 1 million dollars. But along with the hefty price tags comes a great neighbourhood to raise kids, the best school districts you can imagine, and a financially sound investment. The culture in the neighbourhood of Casa Loma has an historical base that stretches back over 80 years, and many people in this community are long term residents who care about the community, making it a great place to settle in for the long haul.
Here are a couple of statistics on the neighbourhood of Casa Loma. Approximately 70 percent of the residents in Casa Loma have an income of over $100,000, and the average rent payment in Casa Loma is $1,355. English is the primary language spoken in the neighbourhood, though Spanish, Korean, Chinese, Russian, Persian (Farsi), Portuguese, Dutch, Serbian, Bulgarian, and German are also spoken. To say the least Casa Loma is an extremely diverse locale and a place of historical significance. Overall, Casa Loma real estate is expensive, but it’s a small price to pay to be located in such a great neighbourhood.