5 of the most affordable homes that sold in the GTA in July
The average selling price of a condo in the Greater Toronto Area hit $769,999 in the second quarter of the year, but many properties have changed hands for far less in the last month.
Real estate agency Zoocasa has rounded up five of the most affordable homes that sold in the GTA in July. All condos, some are move-in ready, while others could use a few repairs; some provide parking while others have enviable amenities.
Despite their differences, the one-, two-, and even three-bedroom units all sold at or below the listed price as rising interest rates weighed on the real estate market.
Check out five of the cheapest homes that sold in the GTA last month, below.
1. 205 – 940 Caledonia Road | $399,000
Right at Home Realty
Right at Home Realty
- three bedroom
- one bathroom
- one parking
One of the most affordable properties that sold in the GTA last month, this “well-kept” three-bedroom condo is located close to amenities including Yorkdale Mall, Lawrence Square, and the TTC. Although it took six weeks to sell, the unit fetched the listed price.
2. 605 – 735 Don Mills Road | $415,988
Right at Home Realty
Right at Home Realty
- one bedroom
- one bathroom
- one parking
This one-bedroom unit features a large closet, a wall-to-wall south-facing window, and separate living and dining rooms. Building amenities include a recreation centre and a swimming pool. Previously on the market for $440,000 in May, the unit took just under three weeks to sell for $14,000 under the latest listed price.
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3. 2707 – 3 Massey Square | $440,000
Accsell Realty
Accsell Realty
- two bedrooms
- one bathroom
- no parking
Billed as the “perfect investment or starter home,” this spacious two-bedroom condo features large rooms with ample storage but is in need of repair. Pieces of the parquet flooring are missing throughout, the bathroom is dingy, and the kitchen cupboard doors are nowhere to be found. There are also “warning” signs over the kitchen and bathroom faucets. The unit took nearly five weeks to sell and fetched $26,000 under asking.
4. 310 – 707 Eglinton Avenue West | $440,000
Right at Home Realty
Right at Home Realty
- one bedroom
- one bathroom
- zero parking
This bright, charming one-bedroom unit has been meticulously maintained and recently painted. It’s located in The Roycroft, a restored art deco-style building that’s steps from the Beltline, restaurants, schools, and the future Chaplin Crescent LRT Station. It took just over five weeks for the unit to sell for $59,000 under the listed price.
5. 405 – 2615 Keele Street | $475,000
eXp Realty
eXp Realty
- one bedroom
- one bathroom
- one parking
Located in a well-maintained low-rise building, this one-bedroom unit features crown mouldings, hardwood floors, and granite countertops. It’s minutes from myriad amenities including Yorkdale, York University, 400-series highways, and the TTC. It took just four days for the unit to sell for $9,999 under asking.