These Toronto Parking Spots Actually Cost More Than What Most People Make In A Year

One spot is selling for $120K.

Toronto Parking Spaces Are Selling For Over $100K
Joseph Gough | Dreamstime
Contributing Writer

If you've ever wondered what the least exciting, yet still incredibly expensive thing you can purchase in the 6ix is, look no further than Toronto parking spaces.

A spot located on Yonge Street is currently on sale for a whopping $120,000 and other spots in the downtown core aren't much cheaper.

One space, located at 1 St. Thomas St. is also selling for $99,000. However, if you're looking for something a bit more affordable, you could always get a spot on Front Street, which is going for $78,000.

According to a study done by Statistic Canada, these parking spaces are actually going for way more than the average Ontarian makes in one year.

In fact, the median income after tax in Ontario is around $66,000.

This article's cover image was used for illustrative purposes only.

From Your Site Articles
toronto real estatetoronto parking
TorontoMoneyMoney
  • 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.

How much does it actually cost to live in Toronto in 2025? We crunched the numbers

Here's what you can expect shell out.

Ontario's cheapest cities were revealed and you could save $26,000/year by leaving Toronto

Here's what income you need for a "comfortable" life in 36 cities across Ontario. 👇

Here's how much it actually costs to live in Toronto vs. 9 other spots in Ontario

You could save over $11K a year by moving an hour and a half away. 👀

Canada's 'best city for renters' is this bustling spot with 1-bedroom apartments under $1,400

It beat Toronto by over 50 spots on the list!

This quaint lakeside town 1 hour from Toronto is one of the most beautiful in Canada

You don't have to go far to find small town charm.

This dreamy Ontario spot is an underrated vacation gem with quaint towns and warm-water beaches

Save this destination for your next summer getaway!

This beautiful lakeside town near Toronto was named the third-best place to visit in Canada

It has quaint streets and cozy shops.

These are the best and most affordable staycation spots in Ontario, according to locals

Time to plan those 2026 getaways!

This dreamy island with 'powdery white sand' and turquoise beaches is a 4-hr trip from Toronto

It has over a dozen sugar-sand beaches.

This tiny Ontario town is a vacation gem with quaint shops and 6 stunning beaches

Who's ready for the summer?

9 of my go-to grocery items that are way cheaper at Costco — with over $200 in savings

From protein powder to olive oil – I saved big time!

This Ontario destination feels like a Scandinavian getaway without travelling to Norway

Leave your passport behind!

Ontario is home to the 'waterfall capital of the world' and it has over 100 cascades

It's a short drive from Toronto.