Spacious Condos in Old Toronto under $1 Million (Feature Image)
This article was featured on UrbanToronto.ca.
Growing demand and high absorption rates for condominium apartment inventory, and several condominium projects under way in downtown Toronto have left many to wonder how high the price-per-square-foot will go. The MLS® Home Price Index reports a rise in apartment prices in the Greater Toronto Area of 0.86% month-over-month, and 4.66% year-over-year.
With listings passing the $1,000 per-square-foot mark, the price of a reasonably-sized condo in Old Toronto may likely be in the millions.
Living downtown doesn’t have to equal compromise on space. Here are a few spacious condos for sale under $1 million right in the heart of downtown:
8 Charlotte Street, Charlie Condos, Toronto
Luxury condos in the lively Entertainment District with unobstructed skyline views, the Charlie Condos are simply spectacular. A reasonably sized 1,023 square-foot unit costs $718,000. Fabulous amenities such as aerobic and yoga studio, steam room, garden, outdoor pool are part of the package. Charlie’s architecture of contemporary clear glass along aluminum frame on a heritage brick foundation is a classic and contemporary mix designed by Diamond + Schmitt Architects and built by Great Gulf Homes.