The Annex, Toronto: prices, rent, and living guide
The most intellectually alive neighbourhood in the city, wrapped around the University of Toronto and served by two subway lines. Rare in Toronto for combining detached Victorian housing with genuine walkability.
StudentsYoung professionalsCar free living
Typical house
$2.17M
Typical condo
$818K
One bedroom rent
$2,350/mo
Walk Score
96
Transit 94 · Bike 88
Known for: University of Toronto, Honest Ed's legacy, and Bloor Street's bookshops. Victorian semis, university energy, and Bloor Street at the door.
Part of Downtown Toronto.
Prices and rent in The Annex
TRREB recorded 64 sales in Annex in 2026 Q1, at an average of $1,352,721 and a median of $948,000. Homes sold for 97% of list price after 38 days on market.
| Property type | Average sale price |
|---|---|
| Detached | $2,159,000 |
| Semi-detached | $1,671,000 |
| Condo apartment | $1,192,000 |
TRREB Community Housing Market Report, 2026 Q1, district C02, community Annex. TRREB suppresses any property type with two or fewer sales in the quarter, so a missing row means too little activity to report, not no demand.
Estimated price by unit size
| Condo | Estimate | House | Estimate |
|---|---|---|---|
| Studio | $589,000 | 2 bed | $1,780,000 |
| 1 bed | $818,000 | 3 bed | $2,171,000 |
| 2 bed | $1,112,000 | 4 bed | $2,670,000 |
| 3 bed | $1,456,000 | 5+ bed | $3,257,000 |
Estimated monthly rent
| Unit | Monthly rent |
|---|---|
| Bachelor | $1,900 |
| 1 bedroom | $2,350 |
| 2 bedroom | $2,660 |
| 3 bedroom | $3,130 |
Unit-size prices and rents are scaled from one benchmark per neighbourhood and are estimates, not appraisals. Compare The Annex with the rest of Toronto in the best neighbourhoods in Toronto guide.
Who The Annex suits
Academics, students, and young professionals who want detached Victorian character with two subway lines and genuine walkability, and who do not mind a busy, transient street life.
Who it is wrong for
Families wanting quiet residential streets, anyone sensitive to noise, and buyers expecting well-maintained housing stock without renovation work.
Pros
- Served by both Line 1 and Line 2, one of very few Toronto neighbourhoods with that
- Walk Score of 96, with Bloor Street's restaurants and bookshops at the door
- Rare combination of detached Victorian housing and true walkability
Cons
- Student density means high turnover, noise, and poorly maintained rental conversions
- Many homes have been chopped into units and need substantial work to convert back
- Parking is scarce and permits are competitive
Living in The Annex
Getting around
Spadina, St George, Bathurst on Lines 1 and 2. Walk Score 96, Transit Score 94, Bike Score 88.
Safety
Generally safe with a busy, well-lit street life. Petty theft, bike theft and break-ins into student rentals are the common complaints rather than violent crime.
Restaurants
Dense and varied along Bloor West: Korean on Bloor's Koreatown stretch, long-running pubs, cheap student eats and several serious restaurants.
Shopping
Independent bookshops, record stores and vintage clothing along Bloor, plus Mirvish Village's redevelopment and Kensington Market a short walk south.
Within a short walk or transit hop
- Parks
- Jean Sibelius Square, Taddle Creek Park, Philosopher's Walk
- Library
- Spadina Road Branch, plus U of T's Robarts Library
- Recreation
- Bloor Collegiate pool, Central Technical fields, Miles Nadal JCC
- Groceries
- Loblaws at Bathurst, Fiesta Farms, Kensington Market a short walk south
- Schools
- Huron Street Junior, Palmerston Avenue Junior, University of Toronto
Safety text is a qualitative description of the area, not crime statistics. Scores are approximate and vary within the neighbourhood.
Renting in The Annex
A one bedroom runs about $2,350 a month, and a two bedroom about $2,660.
One of the deepest rental markets in the city, and the reason the neighbourhood feels transient. Converted Victorians dominate, and quality varies enormously between landlords. Leases turn over on the academic calendar, so the best stock moves in May and August.
Where The Annex is
Buildings near The Annex
Condo and rental buildings within about two kilometres of the centre of The Annex, with fees, reviews and what residents say.
The Annex: frequently asked questions
Is The Annex a nice part of Toronto?
It is the most intellectually alive neighbourhood in the city and one of very few served by two subway lines. Walk Score 96, Victorian and Edwardian detached housing, Bloor Street at the door. The trade is noise and turnover: student density is high and some blocks are dominated by poorly maintained rental conversions.
Who lives in The Annex?
An unusual mix — University of Toronto faculty and students, long-tenured professionals in the big Victorians, and a large renter population in converted houses and low-rise apartments. It has one of the widest age and income spreads of any central Toronto neighbourhood.
Is The Annex considered downtown Toronto?
It sits just north-west of the downtown core rather than in it, running roughly from Bathurst to Avenue Road between Bloor and Dupont. In practice it functions as downtown: you can walk to the financial district in about thirty-five minutes or ride Line 1 in ten.
How much is a house in The Annex?
TRREB's 2026 Q1 community figures put the median detached sale in the Annex at roughly $2.17 million and the median semi at about $1.43 million. The condo median was around $818,000, though the average was far higher because a handful of luxury sales skew it.
What are the downsides of living in The Annex?
Parking is scarce and permits competitive; student turnover means noise and short leases on some streets; and a lot of the housing stock has been chopped into units, so converting a house back to single-family is a substantial project rather than a cosmetic one.
Nearby Toronto neighbourhoods
Yorkville
Luxury retail, gallery openings, and Toronto's priciest condos
House $3.1M · Condo $1.18M· Walk 98
1.0 km from The Annex
LuxuryYoung professionalsCar free living
Kensington Market
The most stubbornly independent square kilometre in Canada
House $1.18M · Condo $675K· Walk 97
1.8 km from The Annex
StudentsCar free livingBest value
Little Italy
College Street patios, with quiet Victorian blocks one street over
House $1.5M · Condo $681K· Walk 96
2.1 km from The Annex
Young professionalsCar free livingStudents
Rosedale
Ravine lots and heritage mansions, ten minutes from Bay Street
House $4.26M · Condo $790K· Walk 78
2.4 km from The Annex
LuxuryFamilies
Similar to The Annex elsewhere in Toronto
Trinity Bellwoods
Queen West's front lawn, and the centre of gravity for west-end Toronto
House $2.08M · Condo $775K· Walk 96
Young professionalsCar free livingFirst time buyers
King West
Glass towers, restaurant patios, and the densest nightlife downtown
House $1.33M · Condo $640K· Walk 98
Young professionalsCar free livingInvestors
Cabbagetown
The largest intact Victorian streetscape in North America
House $1.42M · Condo $589K· Walk 94
Young professionalsFamiliesBest value
Davisville Village
Midtown's best value, if you can live with the cranes
House $2.1M · Condo $633K· Walk 90
First time buyersYoung professionalsFamilies
Guides and tools for buying in The Annex
- First Time Home Buyer in Toronto: The Complete 2026 Guide
- Steps to Buying a House for the First Time in Toronto (2026)
- Home Inspection When Buying a House in Toronto (2026)
- Buying a Home vs Condo in Toronto (2026)
- Pre Construction Condo vs Resale Condos in Toronto (2026)
- Toronto land transfer tax calculator
- Toronto closing costs calculator
- Toronto property tax calculator
- Toronto rent vs own calculator
- Toronto condo fee calculator
- Toronto housing market report
- Best neighbourhoods in Toronto
- The Annex real estate agents