5 Condos You Can Buy in Toronto Below the Current Average Price

condos for sale
39 Parliament St, Unit 507

We don’t need to tell you how expensive real estate is getting in the city.

There are daily reminders everywhere.

READ: Toronto Home Prices in January Posted Strongest Price Gains in 2 Years

And while this might make you feel hesitant to enter the market, we’re here to tell you there are, in fact, many condos available in the city which are well below the average price, which is currently $679,182 in Toronto, according to the latest report from the Toronto Regional Real Estate Board.

We’ve gone and rounded up five newish-to-market listings in five different neighbourhoods priced under the current average, showing that nice things really do come in small packages.

Read on to see what you can get in Etobicoke, the Entertainment District, the Distillery District, Liberty Village, and Yorkville for well below the average price of a condo in the city.

Etobicoke

716 The West Mall, Unit 411
716 The West Mall, Unit 411
716 The West Mall, Unit 411

Price: $399,000

Monthly Fees: $898

Taxes: $1,160

Square Feet: 1,160

Bedrooms: 3

Address: 716 The West Mall, Unit 411

In Etobicoke, a sleek, renovated condo is going for $399,000. The unit is spacious, with 1,160 sq.ft and three bedrooms with ample space to decorate and make the listing your own. There’s an open-concept kitchen and dining area perfect for entertaining family and friends, while the new glass balcony is the perfect spot for relaxing and taking in the view of the quiet courtyard below. It’s located in the Buckingham Condos on 716 The West Mall.

Entertainment District

250 Wellington St W, Unit 331
250 Wellington St W, Unit 331
250 Wellington St W, Unit 331

Price:$499,900

Monthly Fees: $362

Taxes: $1,791

Square Feet: 517

Bedrooms: Studio

Address: 250 Wellington Street West, Unit 331

In the heart of the Entertainment District, a stylish studio is going for $499,900. The apartment isn’t exactly huge—the listing says it’s 517 sq.ft—but as the photos show, it can be arranged in a way that’s quite livable. The open concept unit comes with “ample” storage, a stacked washer and dryer, and sleek appliances, while the building is equipped with 24-hour concierge, a gym, party room, visitor parking, and a rooftop patio with incredible cityscape views. The unit is listed at 250 Wellington Street West in the Icon II, just steps from the TTC, access to the PATH, and lots of incredible dining options.

Distillery District

39 Parliament St, Unit 507
39 Parliament St, Unit 507
39 Parliament St, Unit 507

Price: $519,900

Monthly Fees: $431

Taxes: $1,941

Square Feet: 600-699

Bedrooms: 1

Address: 39 Parliament Street, Unit 507

In the Distillery District, a bright one-bedroom condo with plenty of space is listed for $519,000. A foyer leads through an open-concept kitchen and dining area, and into a sunken living room that steps onto a balcony overlooking the cobblestone streets of the historic district. The master bedroom is spacious and can easily fit a king-size bed, while the large double closet has a good amount of storage space.  The apartment itself is located on 39 Parliament Street, not too far from the TTC and the Gardiner Expressway.

Liberty Village

50 Lynn Williams St, Unit 213
50 Lynn Williams St, Unit 213
condo
50 Lynn Williams St, Unit 213

Price: $558,000

Monthly Fees: $556

Taxes: $2,270

Square Feet: 705

Bedrooms: 1

Address: 50 Lynn Williams Street, Unit 213

A two-storey loft with one-bedroom in Liberty Village is for asking $558,000. The place has soaring ceilings, large windows overlooking Liberty Village Park, as well as some nice upgrades, including it’s been freshly painted, a four-piece master ensuite bathroom with a stand-up shower and a soaker tub, and a large walk-in closet. It’s located on 50 Lynn Williams Street.

Yorkville

28 Ted Rogers Way
condo for sale
28 Ted Rogers Way
28 Ted Rogers Way

Price: $628,000

Monthly Fees: $463

Taxes: $2,293

Square Feet: 641

Bedrooms: 1

Address: 28 Ted Rogers Way

At Yonge and Bloor, a one-bedroom is going for $628,000. It has one bathroom, a cozy living area, large windows, a balcony, a den, and hardwood floors. The building has a full aquatic centre, 24-hour concierge, and is steps from endless dining and entertainment options, the TTC, and the shops of Yorkville.  It’s located on 28 Ted Rogers Way, between Second and Third avenues, near two subway lines and the DVP.

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