Following a competitive summer, the Greater Toronto Area’s new construction condo market continued to perform well in the early fall.
In October, the Building Industry and Land Development Association (BILD) reported solid new condo sales figures for September, with transactions up 15 percent year-over-year to 2,603 units sold.
If you prefer to buy new and are also looking to spend in the lower price range, there’s plenty of choice when it comes to pre-construction condos these days.
Here’s a compilation of five Toronto condos that currently offer the cheapest floorplans on the market right now according to BuzzBuzzHome. This list includes all of the plans that are currently publicly available for sale.
This collection of 1,320 condominium suites boasts some of the most inexpensive floorplans found in the city. Peel and Basing, both studio layouts, each provide a private balcony and clock in under $400,000.
Located in Etobicoke’s Westmount neighbourhood, Notting Hill Condos will host a variety of indoor and outdoor amenities, including a Wi-FI lounge, private dining room, outdoor pool and children’s play area.
Trinity Ravine Towers
Developed by Global Kingdom Ministries, Trinity Ravine Towers is a 55-plus adult lifestyle community near Markham and Ellesmere roads. It is home to at least five of Toronto’s cheapest floorplans, which cater one-bedroom and one-bedroom-plus-den layouts.
Purchasers can have their pick from a range of interior finishes and features, including European-style melamine-face cabinetry, wood laminate flooring and porcelain tiling. Each unit is also finished with stainless steel appliances, a stacked washer and dryer, and a full-height kitchen pantry.
In Regent Park, the Artworks Tower is under construction and set to top out at 32 storeys in fall 2021. A blended mix of studio to three-bedroom-plus-den condos, Artworks Tower’s Canvas, Haiku and Bravo bachelor floorplans offer up to 439 square feet of interior living space and over 50-square-foot balconies.
The high-rise tower caters family-friendly amenities, such as a dedicated Kid Zone, in walking distance to Pam McConnell Aquatic Centre and local parks.
Under construction near Sheppard and Pharmacy avenues, East 3220 Condos is expected to reach completion by November of 2021.
Plan 1C is a one-bedroom, one-bathroom condominium unit with a 47-square-foot balcony, an L-shaped kitchen and a walk-in closet off of the bedroom. This 18-storey tower developed by Quadcam Development Group Incorporated also provides a landscaped rooftop terrace, onsite fitness centre and a children’s playroom.
Construction on this 39-storey high-rise by Kingdom Developments is due to wrap up in the fall of 2022. Situated near Kennedy Road and Highway 401, KSquare Condos is a few minutes drive from Kennedy Commons, Scarborough Town Centre, and a host of grocery stores, retailers and restaurants.
Plans Pure 452 and 473 are both one-bedroom, one-bathroom units with private terraces for under the $1,030 price-per-square-foot range.