Banbury-Don Mills
A desirable neighborhood for those seeking a balance of modern living, access to green spaces, and proximity to shopping and entertainment.
WELCOME To Don Mills
Banbury-Don Mills boasts a unique blend of history and modernity. Developed as one of Toronto’s first planned communities in the mid-20th century, Don Mills was designed with a focus on integrating residential, commercial, and green spaces. The neighborhood still reflects this vision, with an abundance of parks, trails, and schools that cater to a variety of lifestyles.
Today, Banbury-Don Mills is known for its family-friendly atmosphere and is home to a diverse community of professionals, retirees, and young families. It offers a perfect balance of suburban tranquility and urban convenience, being just a short drive from downtown Toronto.
Understanding the Don Mills Real Estate Market
The Banbury-Don Mills neighborhood, located in Toronto’s North York district, has long been recognized as one of the city’s most sought-after areas. As of 2024, the average home price in Banbury-Don Mills is approximately $1.9 million, a 45% increase compared to the average home price across Toronto.
Detached homes dominate the market, but there is also a range of condos and townhouses available. Condos in this area typically average around $916,000, while townhouses range between $1.2 million and $1.7 million.
Homes in Banbury-Don Mills tend to sell quickly, often spending less than 30 days on the market, with around 26% of properties selling above the asking price.
This reflects the high demand for homes in this community, which combines the tranquility of suburban living with proximity to urban amenities.
WHat to Look For when Buying a Home in Don Mills
When buying a home in Banbury-Don Mills, consider the variety of property types available, including spacious detached homes, contemporary condos, and family-friendly townhouses. The area is known for its peaceful, tree-lined streets and proximity to parks like Edwards Gardens, making it ideal for families and outdoor enthusiasts. Additionally, buyers should look at the neighborhood’s connectivity, as it’s well-served by public transit and major highways, providing easy access to downtown Toronto.
Many properties in this neighborhood are newly renovated or built within the last 10 to 15 years, ensuring modern amenities and energy efficiency.
Potential buyers should also assess the quality of local schools and community services, as Banbury-Don Mills is known for its strong educational institutions and active community associations.
The Shops at Don Mills
A central feature of the neighborhood is The Shops at Don Mills, a popular open-air shopping center developed by Cadillac Fairview. This modern retail hub offers a variety of high-end and boutique stores, along with dining options that range from casual eateries to upscale restaurants. The complex also hosts seasonal events, outdoor markets, and fitness classes, making it a social and entertainment destination for residents.
In addition to its retail offerings, The Shops at Don Mills is designed with pedestrian-friendly streetscapes, creating a vibrant and lively community space.
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