The 5 ‘Most Affordable’ Condos Sold in Toronto this Past Month

affordable condos
1003 - 345 Driftwood Avenue/Zoocasa

As expensive real estate prices continue to be a challenge in Toronto, even amidst the coronavirus pandemic, hopeful homeowners may find solace knowing that there are affordable condos out there that fit their budget — they just need to know where to look.

This month, we teamed up with Zoocasa to bring you a list of the most affordable condos sold in Toronto between March 15 and April 15, demonstrating that there are ‘affordable’ options out there.

READ: Toronto Home Sales Drop More Than 80% Year-Over-Year in Second Week of April

Each of these properties sold for $350,000 or less, which is well below the average price of a condo/apartment in Toronto, which is currently $712,746, according to the latest report from the Toronto Real Estate Board (TREB).

It’s also important to note that all of these condos sold under their initial asking price, which might be an indicator of how COVID-19 is impacting Toronto’s housing market.

5. 1003 – 345 Driftwood Avenue: Sold for $305,000 (Initially listed at $319,900)

affordable condo
1003 – 345 Driftwood Avenue/Zoocasa
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 1
  • Size: 900-999 sq.ft

Located in North York, this unit features a recently renovated kitchen, new floors, and a fresh coat of paint. It’s spacious and has an open floor plan, in addition to an unobstructed balcony view. It’s also steps away from York University, public transit, shopping, and Highway 400 and 401.

4. 705 – 785 Browns Line: Sold for $300,000 (Initially listed at $390,900)

affordable condo
705 – 785 Browns Line/Zoocasa
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 1
  • Size: 800-899 sq.ft

This 2-bedroom unit in Etobicoke comes with unobstructed views of both Lake Ontario and the city thanks to its spacious balcony. The biggest sell is the building’s great location, which is walking distance to Sherway Gardens, 15-minutes from downtown Toronto, and steps from public transit, schools, shopping, the airport, and various highways.

3. 2409 – 3390 Weston Road: Sold for $290,000 (Initially listed for $299,900)

2409 – 3390 Weston Road/Zoocasa
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 1
  • Size: 800-899 sq.ft

This 2-bedroom unit comes with a large balcony that offers “fantastic” unobstructed views of the skyline. The building, which is currently undergoing a number of renovations, is close to Highway 400, the TTC, shopping, and schools.

2. 228 – 2737 Keele Street: Sold for  $287,000 (Initially listed at $288,000)

228 – 2737 Keele Street/Zoocasa
  • Bedrooms: 1
  • Bathrooms: 1
  • Parking: 1
  • Size: 600-699 sq.ft

This 1-bedroom unit comes with large windows, letting in plenty of natural light, a large terrace that is great for entertaining, and parking and a locker is included. It’s close to both Highway 401 and 400, Humber Hospital, Yorkdale Mall, grocery stores, Costco, Wilson Station, and more.

1.523 – 4673 Jane Street: Sold for $150,000 (Initially listed at $189,000) 

523 – 4673 Jane Street/Zoocasa
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 1
  • Size: 600-699 sq.ft
While there are no photos of the actual unit, the listing is described as a great opportunity for first-time buyers or investors as it’s walking distance to York University, the TTC, and is in a convenient location.
More from Toronto Storeys

Toronto Road Closures To Watch For This Weekend (Aug 17 To Aug 19) — And There Are Many

So. Many. Road. Closures. It’s out of the frying pan and into the...
Read More