Moss Park was the heart of Toronto's industrial area, located in the very downtown of Toronto between Jarvis street and Parliament. The area got its name after the abundant moss that grew on the Allen family estate home, located on the west side of Sherbourne between Queen and Shouter. In the 1960s it was demolished along with many of the industrial buildings in the area to make room for the Moss Park public housing project. Once the factories left, this area became one of the poorest in the city.
Today Moss Park offers a mix of housing options: The former industrial structures such as the Merchandise Building and factories of the Distillery District have become trendy lofts and fashionable shopping areas, rowhouses of Corktown and Cabbagetown are also refurbished and in high demand, and the housing immediately around the housing complex offers living options for lower income families. Due to the strong social housing presence the area does not have the best reputation but there is potential to transform it into an attractive location. The area is quite close to Toronto's core and the prices are reasonable, these two factors are attracting more buyers in the recent years. Just outside the neighbourhood borders there are many cranes, a sign that many construction projects are underway. In the Sherbourne and Richmond location many condo towers are starting to spring up, the same can be said for King Street East. There are plans to develop the West Don Lands to the southeast and with the revamp of the Regent Park nearby, more foot traffic is expected in the Moss area as well as more middle and high income earners in the near future. Moreover, the proximity of the Distillery District, and foodie's paradise St. Lawrence Market is yet another selling point.
According to the TREB Market Watch for July 2015, the average selling price for all home types in this area stands at $502 314. The average selling price for the single detached home is $2,050,000. The average selling price for the Semi-detached house is $1,450,000. Condominium townhouses are selling for the average price of $562,425 and condominium apartments are a bit cheaper standing at an average price of $456,016.