Ever wonder what the average price of a condo is along the subway line? Does the subway station your condo is closest to have anything to do with the value of your condo? Wouldn’t you like to know if the price of a condo matters based on the subway station closest to it?
So how much would your condo purchase cost if you’d like to be within walking distance of a TTC subway station?
I wondered the same thing myself and decided to create a map search with the Toronto Real Estate Board statistics. So, I plotted out a 0.3 km radius or 394 steps from each subway station on the TTC map. This determined the prices of one and two bedroom condos along the subway line.
Here’s what I learned
- There are more condos surrounding the Line 1 stations (Yonge/University) line than Line 2 (Bloor-Danforth).
- Along Line 1, the most expensive 2-bedroom condos coming in at over $1 million can be found (in order of the most expensive) at Summerhill, Museum, St. Andrews, Osgoode, Bloor, St. Clair & Rosedale subway stations.
- Along Line 1, the most expensive 1-bedroom condos, can be found (in order of the most expensive) at Summerhill, Museum, St. Andrews, Lawrence & College.
- Along Line 1, the cheapest stations to live around for 1-bedroom condos are Wilson, Sheppard West & Lawrence West.
- Near Line 1, the cheapest stations to find 2 bedroom condos are Lawrence West, Sheppard West, Finch, Wilson and St Clair West.
- Along Line 2, the most expensive 2-bedroom condos coming in at over $1 million can be found (in order of the most expensive) at St George, Bay, Broadview, Yonge & Old Mill stations.
- Adjacent to Line 2, the cheapest stations to find 2 bedroom are Lawrence East, Warden, Kennedy, Victoria Park.
- Around Line 2, the most expensive 1-bedroom condos are (in order of the most expensive) at St. George, Bay, Old Mill and Yonge.
- Along Line 2, the cheapest stations to find 1 bedroom are Lawrence East Kennedy & Victoria Park.
I wish I could have added 3 bedroom condos to this study. However, there just weren’t enough of them to assess any kind of trend. In addition, some stations didn’t have any condos around them or there weren’t enough sales to draw any conclusions. So now when you are looking to purchase a condo in Toronto, you can pull out your subway map to determine how much you’d like to spend on your new home.
Questions or comments?
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