If you’re hoping to get into the real estate market on a budget, this may be the perfect time to strike. These downtown Toronto condos for sale cost less than $500,000 which would have been impossible to find as recently as six months ago, reports real estate website Strata.ca.
“On average, buyers are now paying nearly 2% under the asking price. A very different picture from just six months ago when buyers were paying 10% over asking,” says Strata.
The market has definitely shifted in recent months and here are a few downtown Toronto condos with prices you wouldn’t expect to find in the city.
78 St. Patrick St, Unit 100: $499,900
This two-floor loft is located steps from Queen St West. You’ll feel secluded in the heart of the city on your private terrace surrounded by greenery. Plus, the open-concept layout is both airy and functional, giving the home a spacious feel.
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20 Bruyeres Mews, Unit 1102: $498,000
Located in Fort York, this bright and well-maintained condo has an unobstructed west-facing view that you’ll love to wake up to. The unit features a modern design and spacious balcony, with immediate access to the downtown core, Gardiner Expressway, and the lake.
36 Blue Jays Way, Unit 525: $499,900
If you love amenities, this is the place for you. This one-bedroom unit in the heart of the action comes with access to Soho Hotel facilities, including a gym, club spa, cafe, restaurant, indoor pool, rooftop patio, and 24-hour concierge. Plus, the unit comes with a parking spot!
