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In the past year, the average price of a two-bedroom condo in downtown Toronto has dropped by $60,640, according to Strata.ca.
The pandemic-fuelled demand for housing outside of the city has led to more affordable listings in the downtown core, and this townhouse is no exception.
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This two-bedroom, one-bathroom townhouse also features an additional den and a private terrace.
The lower-level unit is located at the edge of King Street West and Liberty Village, offering "some of the best value in the area," according to the listing.
The significant drop in price "could be attributed to the mass exodus of people from the downtown core," says Strata Broker Robert Van Rhijn.
Not only does this home offer a spacious layout, but it also comes with a storage locker and parking.
It is among many properties in the city on the market for exceptionally affordable price points, like these luxury penthouses for under $600,000.
Laidlaw Street Townhouse
Price: $599,000
Address: 15 Laidlaw St., Toronto, ON
Description: A two-bedroom home in the city with a den, private patio, fireplace, and a modern kitchen.