The latest available monthly data from the Toronto Regional Real Estate Board (TRREB) for March 2022 shows that the average home price has reached $1,698,178 in Toronto, but we have put together a list of the newest options listed for under $1,000,000.
Prospective buyers should conduct further research and pricing analysis for the homes and neighbourhoods that match their financial circumstances and lifestyle needs to guide their individual decisions. The content is not intended to solicit buyers or sellers currently under contract with a brokerage.
Tips for Buying a Home in Toronto
Toronto has gained a reputation as a notoriously hot real estate market in recent years, with market conditions reaching record-breaking levels (to the benefit of sellers) in 2021 and into early 2022. While it’s true that buyers will likely face steep competition in today’s market, there are strategies that successful buyers can use to secure their first property on the ladder.
The first, and arguably the most important step, is selecting the right agent to represent you. Your agent should do much more than find and show you properties. The best agent for a first-time buyer in Toronto is one who understands the unique complexities of your neighbourhood’s market. They can inform you on the best negotiation practices and offer strategies that will help you come out on top in a bidding war. They’ll also be a helpful resource for connecting you to the right professionals, like mortgage brokers, movers, and lawyers, that will make your purchasing experience more seamless. This team of professionals will be invaluable for you when it comes to financing your purchase and can even help you navigate first-time buyer incentives. Understanding the stages of buying is another thing prospective buyers can do to set themselves up for success. There are a lot of moving parts when it comes to buying a home, so it’s a good idea to get familiar with the different stages of buying a property before you get started. For a more in-depth guide on how to purchase a property from start to finish, you can download our Home Buyer’s Guide here.
Property details:
- 2 Bed 2 Bath 2 Parking
- Detached
- Walking score – 86/Transit score – 80
Nestled in the Heart of East York, this detached home has a great open concept layout, new vinyl plank flooring, quartz countertops, waterfall and custom cabinetry in the kitchen. The bathrooms have also been renovated, with new laminate and vinyl plank flooring.
View the listing here.
2. 15 Westbrook Ave – $949,000
Property details:
- 3 Bed 3 Bath 1 Parking
- Detached
- Walking score – 78/Transit Score – 84
This fully renovated East York home comes with custom accents throughout, lots of natural light, a gorgeous primary bedroom loft, and a fully finished basement with a separate kitchen and additional bedroom.
View the listing here.
Property details:
- 3 Bed 2 Bath 4 Parking
- Detached
- Walking score – 64/Transit score – 64
This home has been updated top to bottom with modern finishes. It has high end kitchen appliances, custom cabinets and millwork. It also has a fully renovated basement.
View the listing here.
4. 42 Murellen Cres – $998,000
Property details:
- 3 Bed 4 Bath 5 Parking
- Semi-Detached
- Walking scoring – 70/Transit score – 63
This home is totally renovated. It has new hardwood floors, a brand new kitchen, open concept with quartz countertops and a bright living room with fresh paint. The basement is fully renovated with a separate entrance.
View the listing here.
5. 107 Soudan Ave W – $999,000
Property details:
- 2 Bed 2 bath 1 Parking
- Semi-Detached
- Walking Score – 95/Transit Score – 92
Situated in a highly sought after location, this semi-detached house has a kitchen open to the dining room with a wood burning fireplace. The living room opens into a deep south facing perennial backyard. The second floor has a four piece bathroom and two large bedrooms.
View the listing here.
Property details:
- 2 Bed 2 Bath 0 Parking
- Detached
- Walking score – 84/Transit score – 76
This home is a newly renovated, detached house in a great neighbourhood. It has 2 bedrooms, 2 bathrooms, a large rec. room in the basement, as well as a walkout deck. The house is also near parks, great schools and other amenities.
View the listing here.
Property details:
- 3 Bed 2 Bath 4 Parking
- Detached
- Walking score – 56/Transit score – 65
This home is a whole brick, 3-bedroom home with a separate entrance basement which is currently under renovation. It also has a very spacious backyard.
View the listing here.
Property details:
- 4 Bed 2 Bath 2 Parking
- Semi-Detached
- Walking score – 68/Transit score – 67
This beautiful semi-detached home sits on a 30 foot lot, and has been recently renovated. It features many improvements, all done within the last two years, such as the engineered hardwood laid throughout the entire main and second floors. The kitchen is also a custom design with stainless steel appliances.
View the listing here.
Property details:
- 4 bed 2 Bath 6 Parking
- Detached
- Walking score – 68/Transit score – 68
This home is up for sale for the first time, and has been well maintained. It’s a one-and-a-half storey home with two bedrooms on the main floor, two bedrooms on the second floor and an additional bedroom in the basement.
View the listing here.
10. 27 Goldsmith Ave – $999,900
Property details:
- 3 Bed 3 Bath 2 Parking
- Detached
- Walking score – 78/Transit score – 65
A gorgeous, totally renovated large bungalow with two electric fireplaces, all brand-new appliances, renovated flooring throughout, two renovated kitchens with quartz countertops, new washrooms and a new front door.
View the listing here.
