As the average asking price for residential listings in the Toronto real estate area continues to rise, the supply in the local market is also seeing an increase, according to the Canadian Real Estate Association. One of the key regions of the Ontario real estate market, Queen City continues to scare off many homebuyers with its over-the-top prices. However, a few excellent bargains can still be found scattered around the city’s periphery, which feature easy access to downtown, an affordable price tag and all the necessary amenities.
Here’s what Queen City has to offer for around $150,000:
#1 1805-3390 Weston Road, 2 bedrooms, 1 bathroom, $137,900
This nicely-maintained 2-bedroom unit is part of the charming Century Gardens development complex, part of the Emery real estate market in north-western Toronto. The apartment has southern exposure, overlooking the nearby park from its two separate balconies, and is the perfect choice for first-time buyers or investors. Both bedrooms are generous in size, whilst the kitchen is fully-equipped with all the necessary appliances and has plenty of cabinets. The listing is located close to public transport, schools, parks, highways and the hospital.
#2 408-40 Panorama Court, 4 bedrooms, 1 bathroom, $145,000
A splendid example of family-friendly Smithfield real estate, this freshly-renovated 4-bedroom unit is a rare find for such a price. Featuring a brand new kitchen with stainless steel appliances, wooden cabinets and a breakfast bar, a spacious living area and a custom-designed bathroom, this listing is definitely worth a visit. An extra den is also part of the apartment, which can easily be transformed into a home office. The condo boasts big windows and high-end laminated and tile flooring throughout. Its proximity to recreation, schools, shops and public transport is an added bonus.
#3 602-4064 Lawrence Avenue East, 4 bedrooms, 1 bathroom, $179,000
The West Hill real estate market has some great properties, for example this fully-renovated two-level unit, which lies in a convenient area, close to banks, shops, parks, transit and schools. The property boasts a well-equipped kitchen, a bright living area with huge windows and plenty of space to entertain guests, a bathroom and a total of 4 bedrooms. It also comes with a designated parking space and a locker. All tenants have access to the building’s swimming pool, fitness centre and party room.
Check out our complete list of condos for sale in Toronto and single family homes for sale in Toronto for more options. If you’re interested in how the real estate market looks at the periphery of the city, take a look at the townhomes for sale in Vaughan and the new listings in Markham.