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The number of new condos in Toronto is swelling each month, leaving some wondering not only how much higher prices are going to jump, but also whether the market is oversupplied or not. If this is the case, then one of the expected signs would be to see condo price tags experiencing some reductions, right?
But a detailed search on real estate listings website Point2 Homes shows that discounted condos make up a very minor part of the supply; in fact, they are truly rare when searching in the average price range.
Take a look below at the opportunities we found:
16 Harrison Garden Boulevard, 2 bedrooms, 2 bathrooms $405,000
Discount: $10,000
A sought-after building in Willowdale East is home to this great corner unit located on the 10th floor. Although space is not one of its strongest points – the condo offers only 800 square feet of living space – modern appliances, hardwood flooring, and views are. The large master bedroom also has a walk-in closet and an en-suite bathroom.
8 Mercer, 1 bedroom, 1 bathroom $415,000
Discount: $10,000
If you’d like to live right in the heart of the Entertainment District, then 8 Mercer is one of the best locations. This brand-new, discounted unit on the 17th floor boasts high-end upgrades (Miele) and hardwood floors and promises a lot of natural light coming in through the large windows.
219 Fort York Boulevard, 1 bedroom, 1 bathroom $344,500
Discount: $5,000
This beautiful unit has been recently upgraded so it now offers a custom-made kitchen, new lights and even a fireplace in the master bedroom. Fantastic city views make up another irresistible advantage, not to mention the saving of $5,000 that you’ll make by moving into this model suite.
Looking for more space? Here are 2 larger, recently discounted condos for sale which come with a higher price tag:
16 Harbour Street, 3 bedrooms, 2 bathrooms $769,000
Discount: $28,000
Save almost $30,000 when you move into the luxurious Pinnacle Centre in Harbourfront – this is just the first advantage this unit will bring to its future owners. To add a few more, although the list can easily go much further: designer kitchen, over-sized walk-in closets, ultra- modern bathrooms, and floor-to-ceiling windows.
900 Mount Pleasant, 2 bedrooms, 1 bathroom $614,000
Discount: $10,000
At its great location in North Toronto, the luxurious residential building at 900 Mount Pleasant offers some pretty amazing units. And we haven’t yet mentioned the word spacious! This 2 bedroom-condo boasts 965 square feet filled with modern amenities and top-of-the line upgrades such as granite countertops, hardwood floors, and S/S appliances.
Point2 Homes is a leading consumer property search portal offering neighborhood-based search and rich listings content throughout Canada.