One bedroom in Toronto? This spot on the second floor of a Victorian house was listed at $2,650/month. Is that what we can expect now? _manuelavega breaks it down in this week's GTAHomeHunt
Just a seven-minute walk away from Kensington Market and about a 20-minute walk from the University of Toronto, this renovated apartment on the second floor of a Victorian house is in a central spot fit for a student, an artist or anyone who enjoys great food, artisanal crafts and thrifting.
Originally, the unit at 30 Brunswick Avenue was priced far above average for something of this size, Litchmore says. The apartment covers about 600 square feet, and one-bedrooms tend to range from 500 to 700 square feet, he adds. The average price of these units in the area is $1,900.The Facebook Marketplace description says the unit is available immediately.
And while a lot of students probably live in the area, the landlord for 30 Brunswick Avenue may also be targeting people with extra cash. “There’s a premium on that, I would think,” he explained. But ultimately, “the landlord also probably knew they were at the high end of the market.”“The market is changing,” he said, notingand homebuyers are frustrated. “It’s going to be different in the next few months.”
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