These condos are actually worth their price tag.
According to a new report by Strata, determining if a condo is a smart investment or not comes down to two main factors: the cost per square foot and how affordable the maintenance fees are.
At the moment, the average cost per square foot for a Toronto condo is $887. But other factors, such as maintenance fees, also add to the "value" of the space.
One of the best spots to buy if you're looking for more bang for your buck is 1-82 Hargrave Ln. and 2102-2166 Bayview Ave. These spots cost around $736 per square foot (compared to the neighbourhood average of $951) and maintenance fees work out to 25 cents per square foot.
42-60 Curzon St., 97-101 The Queensway, 11 Everson Dr. and 1-121 Mondeo Dr. follow closely behind.
Out of those, Mondeo Drive, located in Dorset Park, Scarborough, is the cheapest with a cost of $492 per square foot and an average maintenance fee of 22 cents per square foot.