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Renanza Realty
Toronto · Neighbourhood

Downtown Toronto Real Estate

Explore homes and condos for sale in Downtown Toronto, one of Toronto's neighbourhoods. Live MLS® listings, updated continuously, plus a direct line to a Renanza agent who knows the area.

Market snapshot

The Downtown Toronto market right now

Downtown Toronto currently has 1,387 active listings. Most homes for sale are priced between $449K and $1.26M, with a median around $629K. Condos and apartments make up the largest share of the market.

1,387
Active listings
1,387
For sale
$629K
Median list price
$449K–$1.26M
Typical range
36
Median days listed
155
New in last 7 days

Downtown Toronto prices by bedrooms

BedroomsActive listingsMedian asking price
1328$500K
2686$640K
3267$950K
4+50$1.37M

Figures reflect current active MLS® listings and update as the market moves.

Neighbourhood guide

Living in Downtown Toronto

Downtown Toronto is the dense central core of the city, home to its financial and entertainment districts, major cultural institutions and a fast-growing residential condominium population.

Location & boundaries

It occupies about 17 square kilometres of Old Toronto, bounded roughly by Bloor Street to the north, Lake Ontario to the south, the Don Valley to the east and Bathurst Street to the west.

History

The core grew from the original Town of York on the harbour into Canada's largest business and cultural centre, and today contains distinct districts such as the Financial District, Entertainment District and St. Lawrence.

Lifestyle

The core is highly walkable and transit-oriented, combining office towers, universities, nightlife and waterfront.

Housing & property types

Housing is dominated by high-rise condominium and apartment towers, with pockets of heritage housing in districts such as St. Lawrence.

Shopping & dining

The Toronto Eaton Centre is a major indoor mall, the Yonge Street corridor and Financial District offer extensive retail and dining, and the PATH is billed as the world's largest underground shopping network.

Parks & recreation

Nathan Phillips Square at City Hall, the Harbourfront waterfront and the Toronto Islands offer public space near the core.

Schools

The University of Toronto, Toronto Metropolitan University and George Brown College are located downtown.

Getting around

Union Station is the main rail hub for GO Transit and VIA, and TTC Line 1 loops through the core with numerous streetcar routes serving the surrounding districts.

Attractions & landmarks

Landmarks include the CN Tower, Rogers Centre, Toronto City Hall, Nathan Phillips Square and the Royal Ontario Museum.

Community facilities

Major institutions include Toronto General Hospital and other downtown hospitals and the Toronto Reference Library.

Who it may suit

May suit professionals, students and downsizers wanting condominium living with maximum walkability and transit.

Sources: en.wikipedia.org

Neighbourhood snapshot — Toronto

Statistics Canada, 2021 Census of Population for Toronto, City (C) [Census subdivision], Ontario. These figures describe the city as a whole, not this specific address — useful context, not a substitute for local knowledge. View source

Population

2,794,356

Total population

+2.3%

Growth since 2016

39.6

Median age

Income

$84,000

Median household income

Household

2.4

Avg. household size

33.2%

Live alone

63.5%

Families w/ kids

Housing

51.9%

Owned

48.1%

Rented

$900,000

Median dwelling value

Apartment64.8%
Single-detached house23.3%
Row house / townhouse5.4%
Other6.4%

Education

Highest credential, ages 25–64

Bachelor's degree or higher49.4%
Trades or college diploma23.1%
High school diploma19.0%
No certificate, diploma or degree8.6%

Commute

How residents get to work

Car, truck or van61.0%
Public transit26.2%
Walked7.7%
Bicycle2.0%
Other3.2%

Languages

Mother tongue, top responses

English53.8%
Mandarin4.4%
Cantonese4.0%
Tagalog3.2%
Spanish3.0%

Buying a home in Downtown Toronto

In Ontario, most resale house offers go firm quickly in competitive markets, so line up financing and consider a pre-offer inspection. Your lawyer will search title, check for work orders and permits, and confirm the property's zoning.

Budget for Ontario's land transfer tax on top of the price; purchases in the City of Toronto also pay a separate municipal land transfer tax. First-time buyers may qualify for refunds on both.

Common questions

Frequently asked

If yours isn't here, ask us directly — we'd rather answer it now.

How much does a home cost in Downtown Toronto?

The median asking price for homes currently for sale in Downtown Toronto is about $629,000, and most are listed between $449,000 and $1,258,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Downtown Toronto right now?

There are 1,387 active listings on this page's search, 155 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Downtown Toronto?

Median asking prices by bedroom count in Downtown Toronto right now — 1 bedroom: about $500,000; 2 bedrooms: about $640,000; 3 bedrooms: about $950,000; 4+ bedrooms: about $1,375,000. Based on 1,331 active listings.

How long have homes in Downtown Toronto been on the market?

The typical active listing here first came on the market about 36 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Downtown Toronto?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Thinking about Downtown Toronto?

Tell us what you're after in Downtown Toronto and we'll send matching listings the moment they hit the market.