Zoocasa has 146 active condo listings throughout Downtown. For past listings, search our Downtown sold listings and Downtown expired listings The average listing price in Downtown for a condo is $994,373, which is 44% higher than January 2018. The average list price differs significantly for other property types. The average listing price of a house is $1,359,714, $880,000 for a townhouse, and $994,373 for a condo. There are many popular neighbourhoods surrounding Downtown, including St Lawrence Market, Old Town, Financial District, Eaton Centre, Bay Street, Grange Park, Saint Lawrence District that offer a variety of home prices and unique areas to live. Downtown also has many options for renters looking for a condo with 139 active rental listings and an average lease price of $2,894.
Home to a population of approximately 300,000, downtown Toronto is one of the most multicultural and multiracial cities in the world. In the most recent 2016 Canadian Census, 51.5% of Toronto’s population belonged to a visible minority group. The city celebrates multiculturalism and has established ethnic neighbourhoods such as Chinatown, Little Italy, Little India, Greektown, Koreatown, Little Jamaica, Little Portugal, and Roncesvalles. The population in the city is relatively young with 68% of residents between the ages of 15 to 64 years old.
The demographic of people living in downtown condos in Toronto comprise of mostly young urbanites that want to live close to their office. Most people opt to live in downtown for its proximity to the workplace and the variety of entertainment options available within a walking distance from home.
Due to the city’s multiculturalism, you can find a variety of cuisines from around the world right at your doorsteps and if you are not in the mood to dine out, you can also take advantage of food delivery services that deliver right to your door.
The Toronto transit network in downtown is operated primarily by the Toronto Transit Commission (TTC) and comprises of buses, streetcars, and subway lines.
The main subway lines that operate in downtown Toronto are Line 1, which runs in a loop around University and Yonge street, and Line 2, which runs east to west on Bloor street. The subway lines operate daily from 6AM to 1:30AM on weekdays and 8AM to 1:30AM on weekends.
On the streets of downtown Toronto, the TTC streetcars service every major street running north to south and east to west. The streetcars run 24 hours a day, 7 days a week, and extend from the Long Branch Loop in Etobicoke to the Neville Park Loop in the east end of Toronto. The streetcars do not service any streets north of Subway Line 2, also referred to as the Bloor Line.
The cost per trip on the TTC system is $3.25 for adults and $2.10 for seniors and students while a monthly Metropass can be purchased for $146.25. Tokens and Presto passes can be used at all stations across the network. Presto passes can also be used to transfer to connecting GO Transit lines, which service the outer regions of the Greater Golden Horseshoe.
Created in 2006 under the Metrolinx Act, the provincial agency was created to help improve transportation in the Greater Toronto and Hamilton Area. Metrolinx services cities across the Greater Golden Horseshoe, and connects Toronto’s inner-city TTC routes with communities in the outer suburbs. Called GO Transit, this network of buses and trains extends as far east as Waterloo and as far west as Peterborough. Union Station in downtown Toronto is the hub for the GO Transit system. UP Express, a high-speed train that runs to Toronto’s Pearson International Airport is also based at Union Station in downtown Toronto. The price of fares varies depending on distance and usage.
Bike sharing is also available in the downtown core via a dock bike share system. To locate the nearest bike dock, the Bike Share Toronto app allows you to find docking stations. A single trip will cost $3.25 while passes can be purchased for at a significant discount. An annual pass will cost $99 dollar and a day pass will cost $7.
Toronto is a world-class shopping destination with many boutique and big box stores located throughout the city. It is also home to three major shopping malls, located in its downtown, Etobicoke and North York.
The Eaton Centre is located on the heart of downtown Toronto at Yonge and Dundas Streets - the city’s busiest intersection. There are also a variety of dining and shopping options nearby.
Other popular areas for shopping include Queen Street West and along Bloor Street, also knowns are Yorkville. Many of Toronto’s popular restaurants are also located along Queen Street West in the entertainment district. Toronto is also home to a variety of cuisines from around the world, found across the city. Any type of cuisine you can imagine, you can find it in the heart of downtown Toronto, from Japanese to Indian, Mexican and more.
Amenities in downtown Toronto condos can vary across different buildings. More amenities usually means higher maintenance fees; the average condo fee in Toronto in 2017 was roughly 65 cents per square feet. Condos with utilities included in the maintenance charges were usually on the upper end of the average.
Some of the most common amenities you will find in Toronto condos include fitness centers, party rooms, outdoor deck with BBQ, swimming pool, concierge, and guest suites. Swimming pools are often the most expensive to maintain so condos will often opt to have a small hot tub instead. Having more amenities means higher maintenance cost over time, so it is important to take this into consideration when buying a condo.
Entertainment District is popular due to its proximity to Queen’s Street W and the Financial District. This give young professionals easy access to food/entertainment but also work.
King West is situated just west of Spadina and is a popular for its abundance of loft style condos. Like the entertainment district, it is close to a variety of food and entertainment. The area is made up of mostly lower-rise condos but it brings spectacular views of the downtown core
Wellesley & Church is a popular neighborhood for U of T students due to its proximity to the campus. It is situated on the east side of the city just east of Yonge street.
Bloor & Yonge is situated in the Yorkville neighborhood, where some of the city’s most expensive condos reside in. You can find many upscale retail and dining options just off of Bloor and Yonge on Cumberland street.
One of the most popular condo buildings by number of sales in downtown Toronto is Ice Condos located on 14 York Street. The Ice Condos are made up of two buildings with a combined unit count of 1,341. The buildings are located just a block away from the Air Canada Centre and Union Station with direct access to the Toronto PATH. Amenities include swimming pool, hot tub, party room, common rooftop deck, and fitness center.
Another popular condo building in downtown Toronto is Parade Condos by Concord Adex. The twin properties are located in the heart of the CityPlace neighborhood, which is land solely owned by Concord Adex. What stands out about these two buildings are its sky bridge that connects one to the other. The sky bridge act as a party room for residents and has breathtaking views of downtown Toronto.
A third popular condo building in downtown Toronto is Aura Condos at College Park by Canderel Stoneridge. This building previously held the title of the tallest residential tower in Toronto until it was surpassed by the One Bloor condos in 2017. It is 55 storeys tall and has 995 residential units. It situated in the heart of downtown just off of Yonge and Dundas, where Dundas Square and Eaton Centre are located.