New Condos in Toronto For Less Than $600/sq.ft.

I was recently speaking to a very well known developer (won’t name any names) and he told me that if he were to buy a piece of land and try to launch a condo in Toronto today, he couldn’t sell it for less than $650/ft because of the increasing costs of land. We often joke that “$600 per square foot is the new $400 per square foot” with many new developments launching in Toronto around the $600/ft mark.

There are a number of great developments selling in Toronto today that are available for less than $600 per square foot in tremendous neighbourhoods such as the Entertainment District, Fashion District and St. Lawrence Market (and some even less than $500 per square foot – saving that for another post). I’m going to highlight a few here, and if I’m missing any that you think should be on the list – feel free to let me know in the comments section.

-Fashion House (Fashion District) – From $550 per square foot

-Tableau (Entertainment District) – From $580 per square foot

-The Downtown (Entertainment District) – From $570 per square foot

-Quartz (Cityplace) – From $500 per square foot

-Neon (Yonge & Eglinton) – From $550 per square foot

-King Plus Condos (St. Lawrence) – (Exact Price Unknown – rumour has it that prices will be “very competitive” so I’m leaving it on my list until I am told otherwise. If you want to be kept in the loop for King Plus Condos as the VIP event nears, contact us using the form below)

-Post House Condos (St. Lawrence) – From $540 per square foot

-DNA3 (King West) – From $550 per square foot

-Trinity Lofts (Corktown) – From $550 per square foot

-2 Gladstone (Queen West) – From $550 per square foot

-Ocean Club (Humber Bay Park) – From $520 per square foot

-River City (West Don Lands) – From $500-$550 per square foot

If you are interested in getting more details on any of these great projects priced less than $600 per square foot in great neighbourhoods, contact us using the form below!