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

823 - 4645 Jane Street/Zoocasa

As sky-high real estate prices continue to be a challenge in Toronto, 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 February 15 and March 15, 2020, demonstrating that there are ‘affordable’ options out there.

READ: 5 Condos You Can Rent in Toronto Below the Current Average Price

Each of these properties sold for $270,000 or less, which is well below the average price of a condo/apartment in Toronto, which is currently $666,358, according to the latest report from the Toronto Real Estate Board (TREB).

5. #823 – 4645 Jane Street: Sold for $145,000

823 – 4645 Jane Street/Zoocasa
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 1
  • Size: 699-699 sq.ft

This unit sold for well under the current average and with a little TLC, it will make for a bright and spacious home. Everything you need is within walking distance, including parks, banks, shopping, restaurants, and transit.

4. #249 – 10 Eddystone Avenue: Sold for $249,000

#249 – 10 Eddystone Avenue/Zoocasa
  • Bedrooms: 3
  • Bathrooms: 2
  • Parking: 1
  • Size: 1000–1199 sq. ft

This three-bedroom townhouse is steps away from great amenities, including transit, shopping, and York University. According to Zoocasa, it sold for $100,000 under asking, which goes to show there are affordable options available.

3. #255 – 10 Eddystone Avenue: Sold for $269,000

255 – 10 Eddystone Ave/Zoocasa
  • Bedrooms: 3
  • Bathrooms: 2
  • Parking: 1
  • Size: 1000–1199 sq. ft.

This three-bedroom condo townhouse has two open balconies, and a large open-concept living and dining room, making it a great starter home, downsizer, or investment option.

2. #402 – 785 Brown’s Line: Sold for $270,000

402 – 785 Brown’s Line/Zoocasa
  • Bedrooms: 1
  • Bathrooms: 1
  • Parking: 1
  • Size: 600-699 sq.ft

This corner unit comes with a balcony that offers south-west-facing views. It’s steps from everything a homeowner could need: the TTC, shopping, schools, recreational facilities, and it’s a quick 10-minute drive from downtown and Highway 427 and 401.

1. #613 – 2737 Keele Street: Sold for $270,000

#613 – 2737 Keele Street/Zoocasa
  • Bedrooms: 1
  • Bathrooms: 1
  • Parking: 1
  • Size: 500-599 sq.ft

This one-bedroom suite has a functional open-concept layout, a modern and renovated kitchen, ensuite laundry, cherry hardwood floors throughout, and access to a storage locker and parking space, making it a solid investment for a first-time homebuyer.

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