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For Torontonians who find the hustle and bustle of the city energizing and equate quaint suburban life to a bore, snatching up a spacious house and yard in the burbs likely isn’t high up on the agenda. A condo apartment conveniently located steps to transit, work and vibrant downtown shopping – now that’s a whole different story.
TheRedPin, a Toronto based full-service brokerage, put the downtown high rise market under the microscope to help condo seekers who take the old real estate truism location, location, location to heart.
The brokerage curated the average price of 1 and 2 bedroom condo apartments situated within a five minute’s walk of 24 prime intersections in the city.
Given that Bay and Yonge streets serve as the city’s spine, the majority of the 24 intersections analyzed cover a tiny bundle of bustling street corners in the core – as well as Yonge & Eglinton and Yonge & St. Clair in midtown Toronto.
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Overall, the average price of a 1 bed condo across the 24 intersection study equated to $433,823, while 2 bed units sold for an average of $740,867. Prices reflect the year-over-year period between August 2015 to August 2016, which represents the span of the study.
Condo prices by Toronto intersection:
Below is the curated list of prices by intersection in Toronto:
Yonge and Eglinton
- bedroom: $410,007
- bedroom: $647,509
Yonge and St. Clair
- bedroom: $459,486
- bedroom: $995,182
Yonge and Bloor
- bedroom: $453,830
- bedroom: $855,788
Bay and Bloor
- bedroom: $476,012
- bedroom: $1,010,497
Bloor and Avenue
- bedroom: $611,327
- bedroom: $1,379,140
Yonge and Wellesley
- bedroom: $447,749
- bedroom: $649,760
Yonge and College
- bedroom: $443,064
- bedroom: $657,628
Bay and College
- bedroom: $456,807
- bedroom: $671,941
Yonge and Gerrard
- bedroom: $450,357
- bedroom: $644,154
Yonge and Dundas
- bedroom: $443,282
- bedroom: $672,391
Bay and Dundas
- bedroom: $450,544
- bedroom: $710,587
Dundas and University
- bedroom: $400,986
- bedroom: $570,053
King and Jarvis
- bedroom: $393,799
- bedroom: $625,423
Yonge and Queen
- bedroom: $371,676
- bedroom: $571,558
Bay and Queen
- bedroom: $406,950
- bedroom: $722,165
Yonge and Adelaide
- bedroom: $418,539
- bedroom: $656,702
Yonge and King
- bedroom: $425,165
- bedroom: $676,384
Bay and Adelaide
- bedroom: $427,136
- bedroom: $792,291
Bay and King
- bedroom: $440,619
- bedroom: $801,781
Bay and Wellington
- bedroom: $434,515
- bedroom: $739,231
King and Spadina
- bedroom: $407,418
- bedroom: $628,843
Richmond and John
- bedroom: $424,072
- bedroom: $743,990
Front and John
- bedroom: $406,494
- bedroom: $660,776
York and University
- bedroom: $438,066
- bedroom: $772,459
Intersection ranking by price
What is the most expensive intersection? See below a ranking of prices for 1-bedroom and 2-bedroom condos.
These insights were provided by TheRedPin, a full service real estate brokerage that carries the largest database of detached, semi-detached, townhouses and condos in Ontario.
*
Stats encompasses condos within a five minute walk of each intersection
*
There is some overlap of condos between nearby major intersections