5 Ritzy Condos In Toronto That Just Had Major Price Drops & Most Are Downtown (PHOTOS)

One dropped by over $90K.

160 Baldwin St., Unit 201. Right: 21 Nelson St, Unit 302.

160 Baldwin St., Unit 201. Right: 21 Nelson St, Unit 302.

If you had the displeasure of dipping into Toronto's condo market in 2020, you probably remember it as a pretty soul-crushing place to explore.

However, according to Strata, a Toronto-based real estate agency, the 6ix's real estate market is actually starting to chill out a bit, offering first-time home buyers a chance to view 416 condos differently.

In fact, there are currently five great condos in Toronto that have seen colossal price drops recently, with some dipping by over $90,000.

The most expensive condo, 766 King St. W., Unit 209, listed at $999,999, saw a considerable decrease, dropping off a total of $91,001 since February. The two-bedroom even features a gas line for summer barbecues.

766 King St W., Unit 209766 King St W., Unit 209Photo via Strata.ca

The second priciest unit is 50 Power St., Unit 1119, a $999,900 Corktown condo that dropped off $250,000. The home offers nearly 1,000 square feet of living space with 9-foot ceilings and an open concept design.

50 Power St, Unit 111950 Power St, Unit 1119Photo via Strata.ca

Next is 160 Baldwin St., Unit 201, a $795,000 Kensington Market spot that went down $54,000. A hipster's dream suite with a loft-style layout and a bedroom that overlooks the main living area.

160 Baldwin St, Unit 201160 Baldwin St, Unit 201Photo via Strata.ca

If you're a die-hard Queen West person, then 21 Nelson St., Unit 302, is your spot. The new $724,900 condo dropped off $50,000. The property comes complete with a private balcony and a stylish kitchen.

21 Nelson St, Unit 30221 Nelson St, Unit 302Photo via Strata.ca

88 Broadway Ave., Unit 206, located in Midtown, is the last and most affordable condo listing at $649,900 after dropping off $50,000.

88 Broadway Ave, Unit 20688 Broadway Ave, Unit 206Photo via Strata.ca

The modest one-bedroom plus-den offers 900 square feet of living space and granite countertops.

So, if you're looking to find a condo in Toronto and not spend so much money on an expensive home in Ontario, you might want to start looking at the few apartments listed here.

Patrick John Gilson
Patrick John Gilson was a Creator with Narcity Media focused on Ontario gas prices and is based in Toronto, Ontario.