Location. Location. Location.
That age-old real estate mantra can take on a completely different meaning depending on your buying priorities. It can mean living in a top school district, right next to the office, or buying in the heart of the city’s bustling downtown.
If it’s the latter that resonates most with your purchasing priorities, and living mere steps from public transit, shops and bars top your list of must-haves, the folks at TheRedPin have created a handy map to help in your property search.
The Toronto-based real estate brokerage analyzed the cost of buying a Toronto condo at some of the most connected and walkable street corners across the city. All 25 intersections offer direct access to the TTC as well as many of Toronto’s top eateries, bars, shops and office spaces.
Topping the list are condos in Yorkville’s Bloor and Avenue Road and along Bay Street at King as well as Bloor, with averages from $1.3 million to $1.5 million, with the least expensive condos downtown located along Yonge Street, at Queen and Dundas. Condos outside of the downtown core show less expensive prices.
Quick hits for condo buyers looking to snag a property at the intersections below:
• On average, condo prices around these street corners are 22 per cent to 23 per cent more expensive than the Toronto average.
• One-bedroom units average for $545,000 while two bedrooms boast a significant premium of $925,000.