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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