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Buy a Townhouse in The Annex For Under $500,000

[Photo via MLS, Real Estate Homeward]

Here's a two-bedroom townhouse located on St. George Street near Bloor. It's a two storey unit asking $485,000, renovated and includes a locker and one underground parking spot. The maintenance fees are reasonable at $450.87/month and the building is right next to the St. George subway station and around the corner from Yorkville. If you yearn to live in this pricey neighbourhood, it's almost impossible to find a house under $500,000 so a condo or townhouse is a good alternative. There is one condo unit for sale in Yorkville for under $400,000 but there's a catch. That unit is only 385 square feet. Do you think the owners will get their asking price?

· Here Now, Toronto's 10 Wealthiest Neighbourhoods [Curbed Toronto]
· Under $500K Club Archives [Curbed Toronto]
· On the Market [Curbed Toronto]
· Wait, There's a Condo in Yorkville Under $400,000? [Curbed Toronto]