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

condos
Zoocasa

Toronto is no stranger to pricy properties, it’s true, but the city does still boast affordable units… would-be buyers simply need to know where to look.

Once again, we teamed up with Zoocasa to bring you a list of the most affordable condos that sold in Toronto in the last month, demonstrating that there are ‘affordable’ options out there.

Each of these properties sold for $350,000 or less — well below the average price of a condo/apartment in the 416-region, which is currently $633,484, according to recent figures from the Toronto Regional Real Estate Board (TRREB).

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Without further adieu, these are the top five most affordable condos sold in Toronto this past month:

5. 207-44 Longbourne Drive: Sold for  $35o,000 (listed at $349,900)

  • Bedrooms: 2
  • Bathrooms: 2
  • Parking: 1
  • Size: 1000–1199 sq. ft.

This two-bedroom was priced at $45,000 less than its building’s most recent sale, and it went for only $100 over asking. While the space needs some cosmetic repairs, such as paint, flooring, cupboards, and light fixtures, the value is inarguable for someone who’s keen on a DIY project. At 1,076 square feet, the unit is one of the building’s largest, and it’s complete with two baths. Oh, and a walk-in closet in the master bedroom.

4. 305-219 Wilson Avenue: Sold for $339,500 (listed at $349,900)

  • Bedrooms: 1
  • Bathrooms: 1
  • Parking: 1
  • Size: 500–599 sq. ft.

This bright and spacious one-bed is a beauty, located in a boutique four-storey condo with parking and a storage locker. Featuring a modern enclosed kitchen that’s complete with eat-in space, the unit hosts a generous living room, an open balcony, and a north-facing master bed. The surrounding area is sought-after, filled with million dollar homes, shops, grocery stores, and easy access to Bathurst Street and Highway 401.

3. 205-30 Meadowglen Place: Sold for $336,500 (listed at $358,800)

  • Bedrooms: 1
  • Bathrooms: 1
  • Parking: 1
  • Size: 500–599 sq. ft.

This newly-registered, highly affordable one-bedroom is a winner in our books, if not thanks solely to its 250-square-foot private terrace. Inside, the unit boasts quality laminate throughout, kitchen upgrades like soft-close cabinetry, granite counters, and subway tile backsplash, plus built-ins through both the bedroom and hall closets. This condo is minutes from UofT Scarborough and two Centennial College Campuses, and provides easy transit access via the McCowan TTC and Scarborough GO stations.

2. 305-3390 Weston Road: Sold for $315,000 (listed for $299,000)

  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 1
  • Size: 800–899 sq. ft.

Described as a “great opportunity for an investor or a first-time buyer,” this condo is steps to transit, schools, shopping, and highways 400 and 401. The “lowest priced two-bed condo in North York” is dubbed a “good fixer-upper,” ideal for an investor or a first-time buyer in the city.

1. 821-2737 Keele Street: Sold for $255,000 (listed for $265,000)

  • Bedrooms: 0
  • Bathrooms: 1
  • Parking: 1
  • Size: 0-499 sq. ft.

This bachelor condo serves up a stellar view at the 401 and Keele, conveniently located for someone seeking easy access to the highway or transit. The open-concept living space means a low-maintenance environment for a young professional or first-time buying couple, while shopping and amenities are all just steps away. Well-lit and boasting a spectacular city view, this little number is sure to make the work-from-home era a little cushier for someone who snagged a deal.

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