What are the Condo Prices Around Toronto’s Subway Stops?

There are several factors that go into purchasing a condo in downtown Toronto. Two of the more common deal breakers being, “how much will this condo cost?” and “how close is it to my work?” In an effort to make the initial condo search a little bit easier, we at TalkCondo created a map highlighting all the TTC subway stops and the average price per square foot (PSF) of the condos available for sale in their close proximity.

*Click on the image for a higher resolution.

At first glance, the information presented in this map shouldn’t surprise most. Condo prices in the downtown are more expensive and decrease outside of the downtown core with a few rare exceptions like the numbers around Old Mill station and the major Yonge and Eglinton intersection.

Condo Projects Near Major Transfer Stations

New condos around the major transfer stations like Bloor-Yonge, St. George, and Museum Station in around Toronto’s Yorkville district are the highest priced over $1,000 PSF. Museum station is the highest in average PSF in the city valued at $1,463 PSF.

New beautifully designed and massive condo projects like the One Condos (soon to be the largest residential tower in the country), and 8 Cumberland Condos, offer excellent access to transit, and the best of Toronto city living.

The One Condos

Condos in Downtown Toronto

Headed south from either St. George and Bloor-Yonge towards Union the numbers remain consistent at between $700-940 PSF on either side. The station that represents the best value is College station offering the with the average PSF being considerably lower than others in the area. Alter Condos and 365 Church Condos will become complete in 2017, and will offer some of the best value for investors looking for condo projects in the city.

Alter Condos

North on the Downsview Line

Travelling north of St. George on the Downsview line, there is a downward trend in prices. Eglinton West is an area to watch as the new Crosstown LRT will make the station a new major transfer station in 2021.

Yorkdale is the stop priced with lowest at an average PSF of $432. A great bargain for those who love the shopping experience at Yorkdale mall, which was at one time crowned the largest mall in the world.

Yorkdale Condos and Yorkdale Condos Phase 2

Midtown to Uptown

North of Bloor-Yonge Station, we see a much different trend. Instead of a decline in price as the Lawrence and Eglinton stations. With much excitement in the Yonge and Eglinton neighbourhood including the nearing completion of the Yonge-Eglinton centre, and the added traffic involved in the coming Crosstown LRT project in 2021, the young and vibrant area should see property values increase in the near future. Projects like the Eglinton and City Lights on Broadway will only add to the upgrades Midtown Toronto will be receiving.

City Lights at Broadway

Westbound Towards Kipling

From Spadina through Dufferin station, there are isn’t a lot of new condo developments. The particular stretch of Bloor Street is home to restaurants and storefronts standing in front of seas of semi-attached homes. As we travel Further west, there is condo activity in the scenic High Park area and a rather significant spike in the price around Old Mill Station. Elegant projects like to soon to be completed projects such as 4 The Kingsway will only add to the prestige of the Kingsway neighbourhood surrounding Old Mill.

4 The Kingsway Condos

Eastbound Towards Kennedy

Save for Sherbourne and Main Street stations, the condo scene along the eastern side of the Danforth line hasn’t taken off. The area is comprised of many older family homes and local businesses along the Danforth. That isn’t to say there isn’t much room for potential projects. If the downtown relief subway line project continues to gain momentum, there will be a new demand for condos along the area that would intersect the Danforth.

Proposed Downtown Relief Line

Condos along the Line 4 Sheppard Line

Having been opened in 2002, the Line 4 Sheppard is the youngest of the TTC subway lines. Prices along the extension are all fairly similar, and affordable compared to the rest of the city  Running parallel and well north of the Bloor-Danforth line, the Sheppard extension connect passengers from the Yonge Line to Don Mills station. Don Mills is home to excellent shopping and a growing neighbourhood. When Rodeo Drive Condos and Park Club Condos are complete, living in the Don Mills area will become even more attractive.

Park Club Condos

For further insight into investing in Condo’s in the Greater Toronto area, stay tuned to TalkCondo.com.

Data collected from Urbanation.