Looking for affordable homes in Toronto? Whether you’re a first-time buyer, investor, or downsizer, Toronto has a variety of budget-friendly housing options—from condos and townhomes to semi-detached and older detached homes in up-and-coming areas.

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1 390 College Street

University Toronto M5T 1S7

$2,100

Residential Freehold beds: 0 baths: 1.0

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• Details
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Status:

For Lease

Prop. Type:

Residential Freehold

MLS® Num:

C12234587

Bathrooms:

1

• Photos (15)

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This charming & character-filled downtown Toronto unit is a student's dream, perfect for a young person seeking the ultimate live-study-play lifestyle in the heart of the city! Located right on bustling College St, just east of Bathurst, this unique space offers unbeatable access to the city's vibrant core, w/streetcar service directly in front of the building making every corner of Toronto easily accessible. Situated above a tattoo shop, this unit boasts personality & urban flair, placing you steps away from trendy cafes, diverse restaurants, eclectic shops, & lively entertainment options that reflect the city's cultural energy. It's not quite a bachelor unit thanks to a dedicated living room offering a separate space to relax or entertain. The open-concept kitchen/dining/bedroom combo creates a functional layout that maximizes every square foot, ideal for both solo living & quiet study sessions. The kitchen is efficient & flows seamlessly into the rest of the living space, making day-to-day life easy & organized. The 4-pc bathroom features a convenient tub/shower combo, offering the comforts of home in a compact design. Say goodbye to carpet w/this unit featuring easy-to-clean flooring throughout, adding to its low-maintenance appeal. Just a few blocks to the southwest is Trinity Bellwoods Park, the perfect spot for morning jogs, study breaks, or weekend hangouts under the sun. The University of Toronto is close by, offering students or young professionals fast commute whether walking, biking, or hopping on transit. The units location ensures you're always connected, whether you're heading to class, a café, or a cultural event downtown. If you're seeking a cozy, centrally located rental w/incredible city access, undeniable character, & proximity to some of Toronto's most beloved landmarks, this is your spot. Live in the middle of it all while enjoying the convenience this one-of-a-kind space offers.

General Info:

Lease Term:

12 Months

Lease Agreement:

Yes

Property Portion Lease:

2nd Floor

Property Type:

Residential Freehold

Property Sub Type:

Upper Level

Home Style:

Apartment

Total Approx Floor Area:

< 700

Direction Faces:

North

Bedrooms:

0

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

2

Additional Info:

Heating type:

Radiant

Heating Fuel:

Gas

Foundation:

Concrete

Roof:

Asphalt Shingle

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

0

Total Parking Spaces:

0.0

Family Room:

No

Possession Details:

Immediate

Pool:

None

Financial Info:

Security Deposit Required:

Yes

References Required:

Yes

Rental Application Required:

Yes

Credit Check:

Yes

Employment Letter:

Yes

Assessment:

$- / -

Listing Area:

Toronto C01

Listing Sub-Area:

University

County Or Parish:

Toronto

Interior Features:

Carpet Free

Inclusions:

Gas (heat) & Hydro

Exclusions:

Tenant to pay small percentage of the Water/Waste utility bills.

Exterior Finish:

Brick

Private Entrance:

No

Buy option:

No

Room Information:

Floor

Type

Size

Other

Main

Living Room

15'3"4.65 m × 12'4"3.76 m

B/I Shelves, Carpet Free

Main

Kitchen

11'2¼"3.41 m × 7'5"2.26 m

Combined w/Dining, Large Window, Laminate

Main

Bedroom

8'5"2.57 m × 6'6¾"2.00 m

Large Window, Laminate, Combined w/Dining

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

-

11'1½" x 4'9½"

Other Details:

Special Designation:

Unknown

Furnished:

Unfurnished

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

None

Listing Info:

Date Listed:

Jun 20, 2025

Original Price:

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Previous Price:

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Listed by CRESCENT REAL ESTATE INC.

Data was last updated June 21, 2025 at 04:15 AM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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Why Choose an Affordable Home in Toronto

• Entry-level pricing in the heart of the GTA
• Located in emerging neighbourhoods with long-term growth
• Ideal for first-time buyers or investors
• Lower property taxes and maintenance costs
• Quick access to TTC, GO Transit, and essential amenities

Affordable Homes – What You’ll Find in Toronto

Toronto’s most affordable housing options may include resale condos, starter townhouses, and smaller detached or semi-detached homes featuring:

• 1 to 3 bedroom layouts with efficient floorplans
• Older homes with renovation potential
• Condo units in mid-rise or low-rise buildings with reasonable maintenance fees
• Proximity to transit, parks, schools, and shopping districts

Start Your Search for Affordable Homes in Toronto Today

Browse our updated listings of affordable homes in Toronto and let our experienced team help you book viewings, arrange financing, and navigate the market. We’re here to make your homeownership journey easier without breaking the bank.

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Each link provides updated listings and expert insights.

FAQs – Affordable Homes Toronto

1. What is considered an affordable home in Toronto?
Typically, homes under $700,000 are considered affordable by Toronto standards, though this can vary by property type and location.

2. Are there affordable detached homes in Toronto?
They are limited but possible—often in outer neighbourhoods or smaller footprints with renovation potential.

3. What areas in Toronto have affordable housing options?
Neighbourhoods like Scarborough, East York, Weston, and parts of North York often offer more affordable prices.

4. Can first-time buyers qualify for incentives on affordable homes?
Yes. Programs like the First-Time Home Buyer Incentive and Land Transfer Tax rebates can help reduce upfront costs.