"The best deals on condos can also be found along stops in the east end, with the least expensive by Kennedy station (Lines 2 and 3) at an average of $329,530 …"
Owning a home in close proximity to a transit line is certainly a convenience – and it can also command a pretty premium on its sale price. After all, there’s a reason the phrase “steps from transit” it typically prominently placed on most listings for homes for sale.
Whether or not a home is within walking distance to the closest subway or Light Rail Transit stop is a top consideration for Toronto home buyers who lead a pedestrian lifestyle, or simply wish to leave the car at home on their commute. But how much would you need to shell out to live by the most convenient TTC stops?
To find out, Zoocasa collected the average 2018 sold prices for houses and condos within 800 metres (roughly a 10-minute walk) of all 75 TTC subway and LRT stations. Sold prices were sourced from the Toronto Real Estate Board for the period between January 1 and December 31, 2018.
East End Stops Offer Most Affordability
Those looking for a deal on a house will find it along the Scarborough LRT route, with Ellesmere, Midland, and Lawrence East stations ranking as the three most affordable for nearby real estate with average prices all below the $740,000-mark.
Stations along Line 1, which runs north-south through the centre of the city, will pay the most for a nearby house; homes near York Mills Station cost an average of $3,426,000, followed by Museum at $3,002,150, and Summerhill at $2,932,837.