While a $600,000 budget used to get you a decent house in the downtown core (south of Bloor, High Park to the Beach), good houses in the price range in 2014 were few – and in demand:

  • 171 houses between $500,000-$600,000 were sold as of writing
  • 62 of those sales were 1 or 2 bedroom houses
  • Most of the sales happened in the east end (E1 district in MLS)
  • Only 3 sales west of the train tracks (W1 in MLS)
  • Lots of fixer-uppers in this price range

Lots of bidding wars in this price range – the average house sold for 106% of the asking price. Ouch!

Here’s a sampling of what sold for $600,000 in 2014:

Coach House on Crawford Street
Detached 3 bedroom home in Leslieville.
Little Portugal fixer-upper.
Two-bedroom Corktown rowhouse
Renovated two-bedroom at Queen/Dufferin

Of course if you had a $500,000-$600,000 budget and were looking for a condo, it was easy to get a two bedrooms, parking, over 1,000 sqft – in a great neighbourhood. 654 condos in this price range sold in 2014. Here’s a sampling of condos in this price range:

Movie House Loft in Little Italy
Two bedroom townhouse in King West Village.
Over 1,200 sqft in Roncesvalles
1,600 sqft live/work loft in Leslieville.
2-bedroom church conversion in Bloordale

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