What kind of condo does $300K get you in Toronto?
The $300K condo isn't what it used to be in Toronto. Yes, you'll still get a nice space at this price, but unit-size depends on neighbourhood. In the city's most desirable areas, you might only be able to purchase a studio in this range. Move out of the core, however, and it's possible to get a two bedroom.
Here's what kind of a condo $300K gets you in Toronto right now.
$292,500 in the Junction
Part of the massive condo complex just west of Keele St. in the Junction, this unit isn't remarkable in any way, but it has very little to complain about. It's a one bedroom in a solid brick building (so theoretically less worries about construction quality) with maintenance fees that top out just above $200. Naturally the amenities aren't extensive, but there is an exercise centre.
$298,900 at Richmond and Peter
If you want to buy a condo for $300K in the heart of downtown Toronto, you're not going to get a lot of space. This studio unit is tiny, but there's a spacious balcony with a decent view that will help considerably in the summer. Maintenance fees come in at $250 a month, though there's nothing noteworthy in the amenities department.
$299,999 on West Queen West
This West Queen West condo is noteworthy for the fact that it has two bedrooms, a trait that's not common in such a desirable neighbourhood at this price point. These bedrooms are, however, characterized as "efficient," which you can just take as "small." Condo fees come in at $340 a month, though from an amenities standpoint, this building is no frills.
$309,000 on the Queensway
Located at Highway 427 and the Queensway, this rather plain unit offers one decent-sized bedroom and a den. Perhaps what's most significant here is that you get two parking spots, though you'll also have to cough up almost $600 in maintenance fees for a building that's not flush with amenities.
$309,900 near Eglinton and the DVP
This one bedroom plus den is located in a mature building on Wynford Drive near the Aga Khan Museum. It offers a stunning view of the city and close proximity to the DVP, but until the Eglinton Crosstown is complete, the transit access ain't the best. You do, however, get a parking spot with the unit. Maintenance fees are high at over $500 a month.
$315,000 in the West Don Lands
Part of the second phase of the stunning River City complex, this condo has sweeping city views, top end appliances, and ample bike parking. Architecturally speaking, the building is one of the nicest featured here, though it's worth noting that the unit is relatively small. The one bedroom space is bolstered by a storage locker, though there is no car parking.
Would you buy any of these units? Let us know in the comments.
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