We don’t need to tell you how expensive real estate is getting in the city.
There are daily reminders everywhere.
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.
Monthly Fees: $898
Square Feet: 1,160
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.
Monthly Fees: $362
Square Feet: 517
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.
Monthly Fees: $431
Square Feet: 600-699
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.
Monthly Fees: $556
Square Feet: 705
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.
Monthly Fees: $463
Square Feet: 641
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.