City of Toronto
Downtown Toronto Real Estate
Condos, lofts and Victorian homes in the core.
Former City of Toronto · City of Toronto
About Downtown Toronto
Downtown Toronto takes in the old City of Toronto, from the lakefront condos to the Victorian streets of the Annex and Leslieville. It suits buyers who want to walk to work, restaurants and transit.
Toronto was incorporated as a city on March 6, 1834, dropping its old name, York, partly to avoid confusion with New York.
Homes: Mostly condos and lofts, plus Victorian and Edwardian semis and row houses.
Known for
- The financial district and Union Station
- Neighbourhood main streets like Queen West and Danforth
- The St. Lawrence Market and the Distillery District
Market this month
Downtown Toronto real estate market
Toronto Central (includes Downtown Toronto) · September 2026
Source: TRREB Market Watch, released October 6, 2026
- Average price
- $1,102,955
- Median price
- $721,000
- Homes sold
- 924
- New listings
- 3,384
- Days on market
- 34
- Sale-to-list price
- 98%
- Active listings
- 5,338
- Months of inventory
- 5.1
- Balanced market
- Detached$2,351,668180 sold
- Semi$1,524,72368 sold
- Townhouse$1,370,37934 sold
- Condo apt$683,259593 sold
TRREB reports Downtown Toronto as part of its Toronto Central area.
8 areas
Downtown Toronto neighbourhoods
King West
Condo towers, offices and restaurants along King Street West; suits professionals who want to walk to work.
Liberty Village
Former industrial area now dense with condos and tech offices; popular with young renters and first-time buyers.
CityPlace
High-rise condo community beside the rail lands, close to Rogers Centre and the waterfront.
St. Lawrence
Planned mixed-income community near St. Lawrence Market, with condos and co-ops; walkable to the Financial District.
Yorkville
High-end shops, galleries and luxury condos around Bloor and Avenue Road; suits buyers wanting central, upscale living.
The Annex
Victorian and Edwardian houses near the University of Toronto; a mix of students, families and longtime owners.
Trinity Bellwoods
Older semis and row houses around Trinity Bellwoods Park and Queen West shops; suits walkers and cyclists.
Leslieville
East-end area of row houses and semis along Queen Street East; popular with young families.
Daily life
Living in Downtown Toronto
Schools
- Toronto District School Board
- Toronto Catholic District School Board
- Conseil scolaire Viamonde
- Conseil scolaire catholique MonAvenir
Well known: Jarvis Collegiate Institute (founded 1807), Harbord Collegiate Institute, Rosedale Heights School of the Arts.
Colleges and universities: University of Toronto (St. George campus), Toronto Metropolitan University, George Brown College.
Parks and outdoors
- Trinity Bellwoods Park Busy west-end park off Queen West, popular on summer weekends.
- High Park Large west-end park with trails, a pond and a small zoo.
- Toronto Island Park Beaches, bike paths and picnic areas, a short ferry ride away.
- Riverdale Park East Hillside park with skyline views over the Don Valley.
Shopping and dining
- St. Lawrence Market Historic food market with butchers, bakers and produce stalls.
- Kensington Market Independent shops, vintage stores and low-cost food from around the world.
- CF Toronto Eaton Centre Large downtown mall linked to two subway stations.
- Bloor-Yorkville Designer stores and fine dining along Bloor Street West.
Healthcare
- Toronto General Hospital (UHN)
- St. Michael's Hospital
- The Hospital for Sick Children (SickKids)
Commuting
Getting around Downtown Toronto
To downtown Toronto: Already downtown; most areas are about 10–25 min to Union by TTC.
- SubwayLine 1 loops through downtown to Union; Line 2 runs along Bloor
- Streetcar504 King and 501 Queen cross downtown east to west
- GO TrainUnion Station is the hub for all GO train lines
- UP ExpressUnion to Pearson Airport in about 28 min
Honest take
Pros and cons of living in Downtown Toronto
Why people move here
- Walk or take transit to most downtown jobs
- Subway, streetcar, GO and UP Express all meet at Union
- Waterfront, islands and major parks close by
Things to consider
- Condo units are often small for the price
- Ongoing Ontario Line and road construction on some streets
A good fit for: First-time condo buyers · Downsizers · Investors renting to young professionals
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FAQ
Downtown Toronto real estate questions
What is the average home price in Downtown Toronto?
In September 2026, the average sale price in Toronto Central (includes Downtown Toronto) was $1,102,955 and the median was $721,000, based on 924 sales (TRREB Market Watch).
Is Downtown Toronto a buyer's or seller's market right now?
There were 5.1 months of inventory in September, which usually points to a balanced market. Homes sold for about 98% of list price on average.
How long does it take to sell a home in Downtown Toronto?
Homes that sold in September were on the market for 34 days on average. Pricing and presentation make the biggest difference.
How far is Downtown Toronto from downtown Toronto?
Already downtown; most areas are about 10–25 min to Union by TTC.
Which school boards serve Downtown Toronto?
Toronto District School Board, Toronto Catholic District School Board, Conseil scolaire Viamonde, Conseil scolaire catholique MonAvenir.
What are the best neighbourhoods in Downtown Toronto?
It depends on budget, commute and lifestyle. Popular areas include King West, Liberty Village, CityPlace, St. Lawrence, Yorkville. Sophia can help you narrow it down.
Nearby
