Investors might be driving up condo prices in Toronto, but that doesn’t mean you can’t find a condo for less than $250,000.
More people are interested in condos because they are more affordable than other types of properties. But with some condos in the city selling for upwards of $2 million, prospective buyers might be discouraged from entering the market.
READ: The 5 Most Expensive Condos Sold In Toronto Between Jul. And Aug.
That’s why we teamed up with Zoocasa to find the cheapest condos that sold in Toronto between July 15 and August 15. These properties all sold for under $220,000. Check them out below!
1. 406 - 235 Grandravine Dr. — Sold for $219,000
All photos courtesy of Zoocasa
Bedrooms: 1Bathrooms: 1Parking: 1Sq. Footage: 600 - 699
This quaint but spacious North York condo is located close to York University and Jane Sheppard Mall. Thousands were spent on upgrading the property, which was last sold in 2005 for just $50,500.
2. 1011 - 5 Frith Rd. — Sold for $215,000
Bedrooms: 1Bathrooms: 1Parking: 1Sq. Footage: 700 - 799
Located in the Jane and Finch area, this condo comes with some stellar amenities: gym, BBQ area, outdoor pool and sauna. It also has a stellar view of the city from its south-facing balcony. No wonder it sold for $3,000 over asking!
3. 230 - 10 Eddystone Ave. — Sold for $200,000
Bedrooms: 3Bathrooms: 2Parking: 1Sq. Footage: 1,000 - 1,199
This three-storey condo townhouse is the perfect size for a growing family thanks to its three large bedrooms, two bathrooms, and two balconies. The property last sold in 2003 for nearly half of the current cost ($111,500).
4. 244 - 10 Eddystone Ave. — Sold for $196,000
Bedrooms: 3Bathrooms: 2Parking: 1Sq. Footage: 1,000 - 1,199
This condo townhouse sold just 12 days ago for its exact list price. The value of this three-bed property has only gone up over the years. In 2017, it sold for $143,900.
5. 705 - 4673 Jane St. — Sold for $150,000
Bedrooms: 3Bathrooms: 1Parking: 1Sq. Footage: 1,000 - 1,199
This spacious condo at Jane and Finch is conveniently located near the TTC and York University. The property was first put on the market in 2009 but never sold. This time, it went for $9,000 under asking.
