According to CBRE’s latest Global Living report, Toronto is the 12th-most expensive housing market in the world. In Canada, only Vancouver managed to surpass the city’s costly housing market, which isn’t much consolation to those looking to invest in a home in Ontario’s capital.
The average selling price for all property types last month was a whopping $843,115. However, if you really want to own a dwelling here, you can still find some gorgeous homes for less than half that. Check out these three examples of Toronto real estate priced below $400K:
#1 120 Dundalk Drive, Toronto, Ontario: 2 bedrooms, 1 bathroom – $399,900
Part of the popular Dorset Park real estate market, this lovely 2-bedroom, 1-bath unit has been recently upgraded and is move-in ready. The condo’s prime location ensures easy access to the express highway, parks, shops, restaurants, and public transit.
All the rooms have generous sizes and feature engineered wood floors. One of the condo’s greatest assets is its freshly renovated oversized kitchen, with top-of-the-line stainless steel appliances, beautiful dark cherry-coloured wooden cabinets, quartz countertops, and tile backsplash. Such a charming property will likely not stay on the market for too long, so if you’ve taken an interest in it, be sure to schedule a viewing as soon as possible.
#2 785 Browns Line,303, Toronto, Ontario: 2 bedrooms, 1 bathroom – $344,900
This gorgeous piece of Alderwood real estate is a fine example of Toronto’s more affordable options. Located minutes away from Sherway Gardens, Highway 427, shops, schools, restaurants, and public transit, it’s the perfect place for anyone looking to live halfway between Toronto and Mississauga.
The bright and airy living and dining area is ideal for entertaining guests and is complimented by a stunning, well-equipped kitchen boasting ceramic floors, granite counters, newer cabinets, and stainless-steel appliances. Building amenities include an outdoor swimming pool, a party room and visitor parking for residents.
#3 85 Emmett Avenue, Toronto, Ontario: 1 bedroom, 1 bathroom – $369,000
Concluding our list is an inviting, 825-square-foot condo situated in the Mount Dennis real estate market of northwestern Toronto. The home is in a highly sought-after development complex that is close to nature trails, public transportation, shops, schools, parks, and the Scarlett Woods Golf Course.
The open-concept living and dining area offers a cozy and spacious area where the extended family can get together. Its fully equipped kitchen with modern cabinetry, top-of-the-line appliances, and double sink were designed to maximize your cooking potential with everything close at hand. Besides the bedroom and the bathroom, the unit also comes with a large, enclosed den, which could be used as a second bedroom. On-site building amenities – including a concierge service, gym, sauna, party room, and outdoor swimming pool – are additional assets.
You don’t need to move across the city for a fresh start. Be sure to browse through the homes for sale near you; you might just find a bargain right around the corner.