Toronto real estate is notoriously expensive when it comes to the Ontario housing market — but there are still deals to be had for those on a tighter budget.
Condo prices have been most impacted by the current downturn, with prices dropping about 25 per cent from their early 2022 highs.
If your budget tops out well below seven figures, Here are a list of 10 Greater Toronto Area properties going for under $300,000 this month.
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“You’re seeing these deep pockets of affordability where properties are coming in hundreds of thousands of dollars below average prices in the area, especially in Scarborough and North York,” says Brittany Kostov, Zoocasa’s industry relations officer.
“These kinds of listings are really rare for a city like Toronto, where the average unit in July was over $700,000. There’s a huge opportunity here for people to jump into the market before it picks up again this fall.”
These are the listings currently going for under $300,000, which falls well below the monthly average in the city.
517-4673 Jane St., North York — $199,000
517-4673 Jane St. unit listed by Homelife/Miracle Realty Ltd.
Homelife/Miracle Realty Ltd.
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A two-bedroom, one-bath condo unit Zoocasa describes as “the perfect blend of space, location and affordability” is currently on the market for $199,000.
The 517-4673 Jane St. unit in North York is listed by Homelife/Miracle Realty Ltd. and is situated in a “highly desirable” neighbourhood with low maintenance fees and minimal property taxes. It has an open concept layout connecting living, dining and kitchen areas.
The unit features a private balcony, is within walking distance of York University, and has convenient access for commuters to Highways 400, 401, 407 and Finch’s upgraded transit system.
5-606-50 Old Kingston Rd., Scarborough — $218,900
5-606-50 Old Kingston Rd. unit listed by Century 21 Infinity Realty Inc.
Century 21 Infinity Realty Inc.
A one-bedroom, one-bath top floor end unit is currently listed by Century 21 Infinity Realty Inc. for $218,900.
The 5-606-50 Old Kingston Rd. unit in Scarborough features a large balcony overlooking the University of Toronto Scarborough (UTSC) valley, an open-concept layout, and “tasteful updates” that include vinyl plank flooring, new kitchen cabinetry and stainless steel appliances.
Amenities in the building include an indoor pool, sauna, landscaped gardens, a workshop, library, exercise room, party room and laundry facility.
428-4645 Jane St., North York — $229,000
428-4645 Jane St. unit listed by Re/Max Premier Inc.
Re/Max Premier Inc.
This two-bedroom, one bathroom unit at 428-4645 Jane St. in North York is described by Zoocasa as an affordable condo that is “perfect for first-time buyers looking to own instead of rent.”
Listed by Re/Max Premier Inc. for $229,000, the property is freshly painted, move-in ready, has new vinyl flooring in the living room, and is ideally located right by 24-hour TTC service and within walking distance of York University.
704-207 Galloway Rd., Toronto — $234,500
704-207 Galloway Rd. unit listed by Royal LePage Supreme Realty.
Royal LePage Supreme Realty
A “spacious” two-bedroom condo at 704-207 Galloway Rd. in Toronto (West Hill) is now on the market for $234,500 and includes a smart, functional layout, open-concept living and a dining area with a walkout to a sizeable balcony.
The Royal LePage Supreme Realty property has laminate flooring throughout, quartz countertops in the kitchen and bathroom, on-site retail, a convenience store and a hair salon.
1-202-50 Old Kingston Rd., Scarborough — $239,900
1-202-50 Old Kingston Rd. unit listed by Re/Max West Realty Inc.
Re/Max West Realty Inc.
A 700-square-foot suite, with two bedrooms and one bathroom, is listed for $239,000 by Re/Max West Realty Inc., and features an updated kitchen, open-concept layout and second-floor balcony with “peaceful views” over gardens.
The 1-202-50 Old Kingston Rd. unit in Scarborough has a “strong community atmosphere, easy access to the TTC, and a range of amenities that include an indoor pool, sauna, library, exercise room, party room and laundry facility.
1-785 Brown’s Line, Alderwood — $258,000
1-785 Brown’s Line unit listed by Right At Home Realty.
Right At Home Realty
Right At Home Realty has listed a one-bedroom lower-level suite for $258,000 at 1-785 Brown’s Line in Alderwood.
The co-op apartment unit includes an outdoor pool and easy access to Sherway Gardens, Farm Boy, Dollarama, nearby lake, and Highway 427, Long Branch GO and the Gardiner Expressway.
601-207 Galloway Rd., Scarborough — $267,900
601-207 Galloway Rd. unit listed by Century 21 Leading Edge Realty Inc.
Century 21 Leading Edge Realty Inc.
A two-bedroom condo at 601-207 Galloway Rd. in Scarborough features a “generous layout” that combines a living and dining area, large windows throughout and an updated kitchen.
Century 21 Leading Edge Realty Inc. has listed the unit for $267,900.
It includes a large private balcony, well-sized bedrooms, main floor laundry, and is described by Zoocasa as a “great opportunity for first-time buyers, downsizes or investors looking for space and value.”
1910-2 Sonic Way, North York — $284,999
1910-2 Sonic Way unit listed by Skybound Realty.
Skybound Realty
A “bright and cosy” sun-filled studio unit listed by Skybound Realty is now available for $284,999, featuring floor-to-ceiling windows, a “well appointed” modern kitchen and stainless steel appliances.
The 1910-2 Sonic Way unit in North York includes unobstructed city views of the CN Tower from its balcony, “top-tier amenities” with a well-equipped gym, yoga room, games/billiards room, a party room, an outdoor terrace and is near a dog-friendly park.
1105-5949 Yonge St., North York — $285,000
1105-5949 Yonge St. unit listed by Re/Max Hallmark Realty Ltd.
Re/Max Hallmark Realty Ltd.
A newly renovated two-bedroom-plus suite at 1105-5949 Yonge St. in North York is currently listed for $285,000 and includes a new bathroom, “gorgeous” kitchen, east and west-facing windows, and new flooring,
The Re/Max Hallmark Realty Ltd. unit is located steps away from transit, shops, restaurants, Finch subway station, and a 19 hectare park.
309-301 Prudential Dr. — $288,000
309-301 Prudential Dr. united listed by Homelife Maple Leaf Realty Ltd.
Homelife Maple Leaf Realty Ltd.
Rounding out this month’s list of GTA properties under $300K is a “spacious” Scarborough condo unit at 309-301 Prudential Dr. listed for $288,000.
The Homelife Maple Leaf Realty Ltd. property has one bedroom plus a den, one bathroom, “impressive unobstructed views” and amenities that include an indoor pool, fitness room and sauna.
