Top Toronto Neighborhoods Where You Can Find Condos for Sale under $400K

The demand for condos is steaming up consequently and so do condo prices. According to data from the Toronto Regional Estate Board, the demand is almost at its pre-pandemic levels and matched in some neighborhoods. At the moment, one-bedroom condos seem to be most in demand.

With condo prices increasing, the question is where to start your condo hunting? Which neighborhoods host the best condos under $400K?

The following neighborhoods are considered some of the best when it comes to both living conditions and investment. Indeed, each one of them offers you its unique features and modalities. Plus, they provide a great selection of condos under $400K, which is the main criteria why they are listed here.

High Park

The selection of High Park condos is excellent, featuring all the amenities one can need for urban and modern living. Only a few newer buildings in development exceed 30 storeys, while most are loft-style and mid-rise towers. People also like the idea that they are practically in the center of the city while getting to enjoy the many green spaces within the neighborhood. The park covers more than 400 acres and attracts millions of Torontonians each year. Because of that, the local government pays special attention to maintaining local infrastructure. There is no shortage of eateries, coffee shops, boutiques, schools, playgrounds, etc. The High Park residents can even enjoy their ZOO.

High Park Condos for sale

Canary District

By all accounts, this is one of the most popular neighborhoods in Toronto. In 2013, it was voted best community by the National Awards Community, while in 2014, it won the BILD Awards Community of the year. It goes without saying that infrastructure can’t be any better and that all the urban amenities are at the disposal of the residents of this neighborhood. Condos in Canary District are widely available in all floor plans, sizes, and price ranges. The Canary District is also known as one of the most bike-friendly communities in Toronto, with bike lanes spread all over it. At the same time, it is also quite pedestrian-friendly. Getting in and out of the neighborhood is also relatively straightforward as both the Don Valley Parkway and the Gardiner Expressway are a stone’s throw away.

Canary District Toronto

Bay Street Corridor

This is the best place for ambitious professionals that want to be in the center of things. Doctors, lawyers, bankers, and engineers represent the primary demographic that drives the interest for condos in Bay Street Corridor. All the downtown attractions are near it. For things that aren’t that near, you have a total of three different subway lines that can take you pretty much everywhere in Toronto. Those that prefer driving should know that the Gardiner Expressway is minutes away from the neighborhood. In terms of amenities, there isn’t anything missing. There is one large park for those interested in spending some time outdoors and enjoying the greenery.

Bay Street Corridor condos for sale