The Most Affordable Toronto Neighbourhoods To Buy In Right Now

Toronto Affordable Neighbourhoods
Photo by LinedPhoto on Unsplash.
Toronto Affordable Neighbourhoods
Photo by LinedPhoto on Unsplash.

It’s tough to find a house in Toronto for less than $1 million these days. But that doesn’t mean they’re impossible to find. In fact, certain neighbourhoods in Toronto are still relatively affordable compared to the average price in the city nowadays.

READ: Toronto Named One Of The World’s Most Unaffordable Cities

If living in the downtown/midtown Toronto area is on your radar but you don’t want to be cooped up in a condo or spend over a million bucks on a house, consider the following Toronto neighbourhoods.

Regent Park

Regent Park is a fantastic neighbourhood that’s both close to the downtown core and is relatively affordable, especially if you’re looking for an alternative to condo living. It’s a great diverse community filled with all sorts of parks, coffee shops, eateries, and other exciting places to enjoy.

READ: 5 Affordable Toronto Condos That Are Available Right Now

A great alternative to a condo is a townhouse. Townhomes offer direct access to the ground level without having to be subjected to countless trips up and down elevators. This fabulous 2+1-bedroom, 3-bathroom (yes, three bathrooms!) home at 154 Sumach St. is situated at Dundas and Sumach Streets in the heart of Regent Park. You’ll have easy access to both the Don Valley Parkway as well as a number of TTC bus stops, making it a dream for commuters.

This particular home is bright and modern and has been fully upgraded from top to bottom. You’ll get to enjoy amazing unobstructed views of the nearby park thanks to the home’s floor-to-ceiling windows. As well as the 200+-square foot outdoor patio and 2nd-floor balcony! All 1,300 sq feet have been well-appointed, making the home feel as spacious as possible, especially with 10-foot ceilings throughout!

Call John McCubbin at 416-230-9995 to book your showing today!

Greenwood-Coxwell

Greenwood-Coxwell has become one of the most desirable (and affordable!) neighbourhoods in Toronto’s east end. It’s especially great for young professionals and families with kids.

In addition to affordable housing, Greenwood-Coxwell offers close proximity to the Danforth shops and eateries, restaurants and cafes in Little India, and all the activities that Monarch Park has to offer, including an outdoor swimming pool and off-leash dog park.

READ: Ask An Agent: What’s The Most Affordable Way To Enter The Toronto Real Estate Market?

656 Coxwell Ave is a great example of an awesome home that you can snag for well under $1 million. Listed at $699,000, this 2-bedroom, 1-bathroom semi-detached home boasts a newly renovated kitchen and 4-piece bathroom, new windows, new appliances, pot lights throughout, and modern light fixtures to illuminate the space.

You’ll be a mere steps to Coxwell subway station, bus stops, parks, great schools, shops, restaurants, groceries, and more! It’s a great home in an equally great neighbourhood, and you can’t beat that price!

Book your showing today by calling Tiffany Chan at 416-490-1177.

The Junction

The Junction has easily become one of Toronto’s most vibrant neighbourhoods. It gets its name from where it’s located: namely, where four railway lines meet, and its neighbouring area. You’ll be close to the downtown core while still enjoying a residential neighbourhood that has somewhat of a suburban feel.

How does over 1,000 square feet of living space spread out over a 2-storey home sound to you? That’s exactly what you’ll get with #C107 – 245 Perth Ave, a fabulous 1-bedroom, 1-bathroom loft in the heart of The Junction. While technically a condo, you’ll have 2 storeys to run around in, as well as direct street access (something the average condo can’t offer).

READ: Housing Minister Steve Clark On Affordable Housing Crisis

The home has premium finishes, including a Scavolini kitchen with a gas stovetop, built-in appliances, large kitchen island, and even a BBQ connection on the private terrace! You’ll be a hop, skip, and a jump away from parks, shops, and public transit. Plus, you’ll be close to the action while still being tucked away on a quiet street.

Don’t wait! Call Matt Manuel at 416-391-3232.

Leslieville

Despite being so close to downtown Toronto, Leslieville still manages to feel like a small town thanks to its quaint homes immersed on mature tree-lined streets. Residents of this family-friendly community have the privilege of taking a stroll to their favourite coffee shop, restaurant, or indie shops. To top it all off, the community offers homes that are relatively affordable compared to other neighbourhoods in the city.

Take 156 Alton Ave, for example. This amazing freehold row townhouse exudes sophistication and style, all while providing all the conveniences and comforts of home. Located on one of the more vibrant streets in the entire neighbourhood, this 3-bedroom, 1-bathroom home has been completely renovated.

READ: A Single Person’s 5-Step Guide To Buying A Home

Enjoy the open concept, loft style of this fantastic abode, complete with incredible bamboo floors, a spacious kitchen with an island, exposed brick walls throughout, and a completely fenced in and private backyard.

You’ll be across the street from the picturesque Greenwood Park, and within walking distance of all the friendly shops, cafes, and restaurants that Leslieville has to offer!

Call Nuria at 416.836.9715 to book a showing.

Toronto is definitely an expensive city to live in, especially if you’re looking for something with a little yard space. But these particular neighbourhoods have something to offer those who are looking for a home but don’t want to spend over a million bucks to get it. Enjoy both affordable living and city dwelling in these neighbourhoods of Toronto!

Written By
More from Lisa Rennie

Spring Housing Market Predictions: What To Expect In Toronto

Over the past few years, we’ve seen housing prices across the GTA...
Read More