These Toronto condos are all on the market for under $400,000 (PHOTOS)
As real estate prices continue to climb, the thought of Toronto condos being listed for under $400,000 starts to feel more and more foreign.
Although they’re becoming increasingly rare, these condos are not impossible to find, especially if you’re willing to expand your search area.
“Right now in downtown Toronto, buyers are paying an average of $1,085 per square foot, making it very difficult to find something in this area with a modest budget,” said Alex Hood, a realtor at Strata.ca “But a buyer who is willing to explore neighbourhoods outside of the downtown core can still get into the Toronto market.
“Areas like North York and the Junction still have inventory hovering around $790 per square foot. So it’s possible to get your foot in the door for a one-bedroom with a $400,000 budget.”
Below are five condos, rounded up courtesy of Strata.ca, that are currently listed on the Toronto market for under $400,000.
350 Wellington Street – $399,000
- One-bedroom
- One bathroom
- 669 sq ft
- No parking
- Other features: access to gym and pool at neighbouring Soho Hotel
3 Massey Square – $389,900
- One-bedroom, plus den
- One bathroom
- 800 sq ft
- No parking
- Other features: enclosed balcony, close to the rec centre with indoor pool, basketball, and gym
100 Lotherton Pathway – $370,000
- Two bedrooms
- One bathroom
- 646 sq ft
- One parking spot
- Other features: basketball court, playground
3 Marine Parade Drive West – $395,000
- One-bedroom, plus den
- One bathroom
- 739 sq ft
- One parking spot
- Other features: locker, sunroom, balcony, in-unit laundry, retirement community
705 King Street West – $399,900
- Studio
- One bathroom
- 560 sq ft
- No parking
- Other features: indoor/outdoor pool, squash court, BBQ area, sauna, movie theatre