Toronto's Most Expensive Condos Reside At Major Intersections | HuffPost

This HuffPost Canada page is maintained as part of an online archive.

You're just a few steps out of affordability.

Jesse Ferreras— The Huffington Post Canada

Toronto: a city where one block can make a $41,000 difference when it comes to housing.

That's according to real estate brokerage TheRedPin.

The company crunched home sales in 24 different intersections in the Six for a year-long period. It found that a walk from Yonge to Bay Street could mean you'd be looking at condos worth tens of thousands more.

Condo Prices at Major Toronto Intersections (September 2016)

Yonge and Eglinton(01 of24)

Real estate brokerage TheRedPin crunched the numbers for 24 different intersections and looked at how much it would cost to buy a condo at each one.Yonge and EglintonAverage one-bedroom price: $410,007Average two-bedroom price: $647,509Median one-bedroom price: $414,000Median two-bedroom price: $600,000 (credit:Jean Heguy/Getty Images)

Yonge and St. Clair(02 of24)

Average one-bedroom price: $459,486Average two-bedroom price: $995,182Median one-bedroom price: $450,000Median two-bedroom price: $725,000 (credit:Google Street View)

Yonge and Bloor(03 of24)

Average one-bedroom price: $453,830Average two-bedroom price: $855,788Median one-bedroom price: $426,542Median two-bedroom price: $671,800 (credit:Fred Lum/Globe and Mail via CP)

Bay and Bloor(04 of24)

Average one-bedroom price: $476,012Average two-bedroom price: $1,010,497Median one-bedroom price: $453,133Median two-bedroom price: $728,904 (credit:Google Street View)

Bloor and Avenue(05 of24)

Average one-bedroom price: $611,327Average two-bedroom price: $1,379,140Median one-bedroom price: $539,000Median two-bedroom price: $938,000 (credit:Fred Lum/Globe and Mail via CP)

Yonge and Wellesley(06 of24)

Average one-bedroom price: $447,749Average two-bedroom price: $649,760Median one-bedroom price: $435,111Median two-bedroom price: $601,921 (credit:Google Street View)

Yonge and College(07 of24)

Average one-bedroom price: $443,064Average two-bedroom price: $657,628Median one-bedroom price: $426,123Median two-bedroom price: $631,000 (credit:Google Street View)

Bay and College(08 of24)

Average one-bedroom price: $456,807Average two-bedroom price: $671,941Median one-bedroom price: $435,807Median two-bedroom price: $640,978 (credit:Google Street View)

Yonge and Gerrard(09 of24)

Average one-bedroom price: $450,357Average two-bedroom price: $644,154Median one-bedroom price: $434,906Median two-bedroom price: $631,861 (credit:Dominic Chan/CP)

Yonge and Dundas(10 of24)

Average one-bedroom price: $443,282Average two-bedroom price: $672,391Median one-bedroom price: $422,721Median two-bedroom price: $625,000 (credit:Manoa via Getty Images)

Bay and Dundas(11 of24)

Average one-bedroom price: $450,544Average two-bedroom price: $710,587Median one-bedroom price: $436,098Median two-bedroom price: $665,000 (credit:Getty Images)

Dundas and University(12 of24)

Average one-bedroom price: $400,986Average two-bedroom price: $570,053Median one-bedroom price: $395,000Median two-bedroom price: $573,000 (credit:Alan Marsh/Getty Images)

King and Jarvis(13 of24)

Average one-bedroom price: $393,799Average two-bedroom price: $625,423Median one-bedroom price: $368,508Median two-bedroom price: $581,000 (credit:Google Street View)

Yonge and Queen(14 of24)

Average one-bedroom price: $371,676Average two-bedroom price: $571,558Median one-bedroom price: $368,000Median two-bedroom price: $560,000 (credit:Rogeramjet/Getty Images)

Bay and Queen(15 of24)

Average one-bedroom price: $406,950Average two-bedroom price: $722,165Median one-bedroom price: $377,000Median two-bedroom price: $577,750 (credit:Hans Neleman/Getty Images)

Yonge and Adelaide(16 of24)

Average one-bedroom price: $418,539Average two-bedroom price: $656,702Median one-bedroom price: $398,604Median two-bedroom price: $596,000 (credit:Google Street View)

Yonge and King(17 of24)

Average one-bedroom price: $425,165Average two-bedroom price: $676,384Median one-bedroom price: $408,014Median two-bedroom price: $623,500 (credit:Kathrynhatashitalee/Getty Images)

Bay and Adelaide(18 of24)

Average one-bedroom price: $427,136Average two-bedroom price: $792,291Median one-bedroom price: $401,500Median two-bedroom price: $667,500 (credit:Google Street View)

Bay and King(19 of24)

Average one-bedroom price: $440,619Average two-bedroom price: $801,781Median one-bedroom price: $417,000Median two-bedroom price: $674,500 (credit:Guy Vanderelst/Getty Images)

Bay and Wellington(20 of24)

Average one-bedroom price: $434,515Average two-bedroom price: $739,231Median one-bedroom price: $$410,361Median two-bedroom price: $625,000 (credit:Kathrynhatashitalee/Getty Images)

King and Spadina(21 of24)

Average one-bedroom price: $407,418Average two-bedroom price: $628,843Median one-bedroom price: $391,418Median two-bedroom price: $591,787 (credit:Antonio Carlos Bezzera/Getty Images)

Richmond and John(22 of24)

Average one-bedroom price: $424,072Average two-bedroom price: $743,990Median one-bedroom price: $399,590Median two-bedroom price: $621,154 (credit:Kathrynhatashitalee/Getty Images)

Front and John(23 of24)

Average one-bedroom price: $406,494Average two-bedroom price: $660,776Median one-bedroom price: $388,957Median two-bedroom price: $585,532 (credit:Google Street View)

York and University(24 of24)

Average one-bedroom price: $438,066Average two-bedroom price: $772,459Median one-bedroom price: $407,490Median two-bedroom price: $611,950 (credit:Google Street View)

TheRedPin also found that the selling prices of one-bedroom condos around the city's major intersections averaged $433,823, with a median selling price of $413,912.

Two-bedroom condos cost far more, averaging $740,867, with a median price of $638,491.

The most expensive downtown intersection was at Bloor and Avenue — an upscale shopping area — where one-bedroom units averaged $611,327. Two-bedroom condos cost $1,379,140.

Prices were based on sales that happened between August 2015 and August 2016.

The point of the study was to give customers another way of looking at condo prices, aside from the Multiple Listing Service (MLS).

That service has different boundaries than if you look at values by intersection, TheRedPin broker Tarik Gidamy told The Toronto Star.

Generally, the further you walked from the downtown core either east or west, the more affordable it was, he said.

The Toronto region is currently facing an affordability crisis, with home prices taking up 60.6 per cent of incomes in the area, according to RBC's Housing Affordabilty Index from June.

Overall, a Toronto-area apartment takes up 36.5 per cent of one's income.

Like Us On Facebook

Related

business business video most expensive condos toronto most expensive homes toronto most expensive intersections toronto

Suggest a correction

-- This HuffPost Canada page is maintained as part of an online archive. If you have questions or concerns, please check our FAQ or contact support@huffpost.com.

From Our Partner