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Summary

These Are The Cheapest Neighbourhoods In Toronto To Buy A Condo

Not all condos will cost you a million dollars.
Toronto Condos Are Selling For The Cheapest in These Neighbourhoods
Bakerjarvis | Dreamstime
Contributing Writer

It turns out that buying a Toronto condo doesn't have to cost you millions. 

According to Zoocasa, some units are selling for cheaper prices than in 2019, thanks to a growing lack of demand.

Editor's Choice: This Ontario Company Is Hiring Full-Time 'Candyologists' To Taste-Test Sweets At Home

$412,450 The average price of a Toronto condo in Malvern, Rogue

For example, condo prices have dropped by as much as 9% in the Entertainment District and Liberty Village.

Yet, the median price tag for those high-demand areas is still over $600,000. So, you will still need a hefty down payment. 

However, there are still some neighbourhoods in the 6ix that offer condos for an even cheaper rate. 

Toronto's most affordable condominiums are located in Malvern and Rouge area, which sees a median condo price of $412,450. 

West Hill, Centennial Scarborough follows closely behind with $427,000. 

Coming in third is Scarborough Village, Guildwood at $428,000. 

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    • Patrick John Gilson

      Contributing Writer

      Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

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