We’ve created three handy maps to help you work out exactly how much it costs to buy a property in Toronto near a subway station. Based on data from May 2017, the maps detail the average prices for townhouses, one- bedroom condos and general properties near each TTC subway station in Canada’s largest metropolis. If you’re thinking of buying a home there, and access to public transport is key, take a look at the maps below to get a sense of what you could be in for — and also see if the prices you’ve checked out so far match up.
If You’re Thinking of Buying a Toronto Townhouse
It’s generally assumed that the farther you go from Downtown Toronto, the more prices drop. That’s true to an extent — the cheapest townhouses in the city can be found near Bessarion and Leslie Stations on the Sheppard line, as well as along the eastern end of the Bloor-Danforth line.
Those with thicker wallets (and heavier purses) may choose to look more centrally, or even along the fashionable western end of the Bloor Danforth line (where average prices are almost $US1.5m). The most expensive townhouses? They’d be the ones around Lawrence Station, on the Bloor-Danforth line, averaging $US1,818,266.
If You’re Thinking of Buying a One-Bedroom Condo
The condo boom in the Toronto property scene is yet to relent, and it shows in the prices listed on this map. For a one-bedroom condo, the only sub-$US150,000 properties along the subway lines are located near Kennedy Station on the Bloor-Danforth and Scarborough lines, and Lawrence East Station.
Some of the most expensive Toronto condos are, unsurprisingly, dotted around the Downtown core, but the priciest one-bedrooms are actually found outside, around Pape Station on the Bloor-Danforth Line — priced $US630,957 on average. However, it should be noted that there’s only a handful of condos in the Pape Station area, with most being particularly high-end units, so the figure would appear a bit skewed (and slightly confusing to most Toronto residents).
If You’re Looking For Any Kind Of Property
Looking at prices for Toronto properties across the board, the cheapest ones can be found along the eastern end of the Scarborough line — one of the few areas where you can still bag a home for under $US700,000.
Compare that with the $US2m average asking price in the uptown Toronto (rising to around $US2.5m near York Mills and Lawrence on the Yonge-University lines), and the sheer diversity of the Toronto property market is clear for anyone to see.
So, what will you buy — and where?
There’s a lot to take in if you’re planning to buy a home in Toronto near a subway station, especially with the backdrop of an already overheated real-estate market. It will likely be the single biggest investment you’ll make, and the more you know, the better your decisions will be. So, whether you’re thinking of a condo, a townhouse or anything else, if being close to the subway is what makes it or breaks it for you, maybe keep these maps handy as you hunt.
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