Under $1M in Toronto means large 2-bed + den suites on higher floors, 3-bedroom layouts in established corridors, and waterfront addresses — the full Toronto experience below seven figures.
Under $1 million in Toronto moves you into territory that was firmly $1.2M+ just 3 years ago. Large two-bedroom-plus-den suites, 3-bedroom layouts, and higher-floor units in desirable corridors are all available under this threshold in 2026. For buyers who need the size for a family, a home office, or simply prefer more space, the under-$1M Toronto market has more selection than at any point in recent memory.
Toronto's waterfront — Queens Quay, East Bayfront, and Humber Bay — offers large suites under $1M with Lake Ontario views that would have required $1.5M+ in the 2021 market. This represents genuine value for buyers willing to act in the current environment.
| Area / Neighbourhood | Type | From | Notes |
|---|---|---|---|
| Waterfront — Queens Quay | Condo (large) | $799,000 | Lake Ontario views, Harbourfront, Union Station walk |
| Yorkville / Bloor-Yonge | Condo | $849,000 | Prestige address, Bay-Bloor intersection, walkable |
| King West | Condo (3-bed) | $849,000 | King Street, high-amenity building, rooftop terrace |
| Midtown — Yonge-Eglinton | Condo (3-bed) | $829,000 | Eglinton Crosstown + Yonge, family-sized suite |
| East Bayfront | Condo (large) | $799,000 | Waterfront trail, Ontario Science Centre proximity |
| Liberty Village / King | Condo (2+den) | $799,000 | Tech/creative hub, west-end lifestyle |
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