This Is What $1,600 A Month In Rent Will Get You Across Toronto
Inspired by the BuzzFeed series about what $1,000 in rent would get you across various countries, I decided to do a similar list with neighbourhoods across Toronto. I had to bump up the set price a little bit since this is Toronto and the average price of a two-bedroom apartment is about $1,700 a month in rent, or $1,900 for a condo.
Nonetheless, I set my research around a two-bedroom with a $1,600 asking price maximum, because in this city we're all looking for a bargain. Please refer to 10 Signs Toronto Is Making You Poor.
Downtown Core - $1,600
Size: 600-699 sq. ft.; 1 bedroom + den
Neighbourhood: Bay Street Corridor
Pros: Washer/dryer, microwave, quartz stone countertops,walking distance to everything.
Cons: View of a brick wall, den is likely too small to count as second bedroom.
Waterfront - $1,400
Size: 600-699 sq. ft.; 1 bedroom + den
Neighbourhood: Queens Quay West
Pros: Washer/dryer, close to the lake and Rogers Centre, den could double as second bedroom.
Cons: No real view of the lake.
Yorkville - $1,700
(Sidenote: Had to bump up the price point with this one. Yorkville is the most prestigious area in Toronto and finding a decent 2-bedroom close to $1,600/month was impossible.)
Size: 500-599 sq. ft.; 1 bedroom + den
Neighbourhood: Bloor and Avenue
Pros: Washer/dryer, microwave, granite countertops, prestigious address, close to everything, den can be used as second bedroom.
Cons: Above price point, small in size.
West End - $1,550
Size: 2,000 sq. ft. lot; 2-bedroom, semi-detached home
Neighbourhood: Dovercourt-Wallace Emerson-Junction
Pros: Two-storey house, two full bedrooms, washer/dryer, parking, utilities included, close to Ossington subway station.
Cons: Not as close to downtown.
Midtown - $1,550
Size: 2-bedroom multiplex apartment (sq. ft. not specified but size appears substantial)
Neighbourhood: Forest Hill
Pros: Two full bedrooms, washer/dryer, parking, popular location (between Eglinton Ave. and St. Clair Ave.)
Cons: Not near a subway.
East End - $1,575
Size: 700-1100 sq. ft.; 2 bedrooms
Neighbourhood: Danforth Ave-Woodbine Corridor
Pros: Two full bedrooms, washer/dryer, parking spot, kitchen island, back deck, alarm system, close to Woodbine subway station.
Cons: Not as close to downtown.
York - $1,450
Size: 700-1100 sq. ft. lot; 2-bedroom basement apartment
Neighbourhood: Mount Dennis
Pros: two full bedrooms, granite countertops, parking, internet and cable, short drive to YorkU.
Cons: Not near a subway, not close to downtown.
North York - $1,600
Size: 1500-2000 sq. ft.; 3-bedroom bungalo
Neighbourhood: Newtonbrook West
Pros: Three bedroom spacious detached home, 2-car parking garage, backyard, washer/dryer.
Cons: Not near a subway, not close to downtown.
Etobicoke - $1,600
Size: 800-899 sq. ft.; 1 bedroom + den
Neighbourhood: Islington-City Centre West
Pros: Washer/dryer, microwave, balcony, den big enough to be second bedroom, good location, close walk to Kipling subway.
Cons: Not close to downtown.
Scarborough - $1,600
Size: 3-bedroom detached home (sq. ft. not specified but size appears substantial)
Neighbourhood: Rouge
Pros: Two-storey detached home, 3 full bedrooms, 3 bathrooms, fenced backyard with patio, washer/dryer, microwave, garage, gas fireplace.
Cons: Not near a subway, not close to downtown.