The Toronto real estate market is certainly booming right now. There is pressure on Canada’s most populous city to house more and more residents, and this pushes prices up.  

As with any city at a time of growth, it is interesting to find out just what is available right now in the property market at the entry level. To this end we browsed real estate website Point2 Homes to find the five most affordable Toronto condos that have come onto the real estate market in the last 30 days.

Here’s what we found:

#413 - 2737 Keele St., 1 bedroom, 1 bathroom, Asking price: $162,500

 New on the Market - 5 Toronto Condos Under $200K2737 Keele St, 1 bedroom, 1 bathroom, Asking price: $162,500

This condo represents a very agreeable combination of affordable price and great location. It’s close to public transport, Highway 401, York University, the new Humber River Hospital, and Yorkdale Mall. It comes with a stove, fridge, washer, and a dishwasher. The building has a 24-hour concierge, a party room and a fitness centre (accessible with membership). It also has a wonderful south-facing view over the city.

#503 - 665 Kennedy Rd., 3 bedrooms, 2 bathrooms, Asking price: $163,500

 New on the Market - 5 Toronto Condos Under $200K665 Kennedy Rd, 3 bedrooms, 2 bathrooms, Asking price: $163,500

This renovated 3 bedroom condo is an amazing catch, considering what you get for your money. It has 2 bathrooms, a custom kitchen and a custom closet, and features such as granite counter tops, new laminated floors, and new high efficiency ac/heat pumps. The location is also good and, all in all, renting doesn’t look attractive when instead you could put down a mortgage on a place like this. 

#312 - 41 Markbrook Lane, 1 bedroom, 2 bathrooms, Asking price: $172,500

 New on the Market - 5 Toronto Condos Under $200K 41 Markbrook Lane, 1 bedroom, 2 bathrooms, Asking price: $172,500

Move in here and you’ll have the assurance of living in a well-maintained building with lots of amenities. Considerable renovation has been done on the apartment, such as the addition of new light fixtures, kitchen cabinets and counter tops. The large windows let in plenty of natural light. You might also be very happy with the location, which is near parkland and the Humber River.

#1616 - 370 Dixon Rd., 2 bedrooms, 1 bathroom, Asking price: $179,900

 New on the Market - 5 Toronto Condos Under $200K370 Dixon Rd, 2 bedrooms, 1 bathroom, Asking price: $179,900

This spacious 2-bedroom apartment is very competitively priced. It offers laminate floors and stainless steel appliances such as a fridge, stove and dishwasher, and it was recently very tastefully upgraded. The floorplan includes an en-suite laundry and a walkout balcony from the living room. The location is also good, being close to schools, shopping, Highway 401 and Pearson Airport.

#201 - 40 Panorama Ct., 3 bedrooms, 2 bathrooms, Asking price: $189,900

 New on the Market - 5 Toronto Condos Under $200K40 Panorama Ct, 3 bedrooms, 2 bathrooms, Asking price: $189,900

This is another apartment which gives you a lot for your money. There are 2 bathrooms to compliment the 3 bedrooms, it has a ensuite laundry, and the fact that it is a corner unit is a real bonus. Over $100,000 has been spent in upgrades. We should also mention the high-end custom-made closets, the quartz countertops in the washrooms and the brand new stainless steel appliances. The location is near parkland.

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