by Mo Monsef
Affordable Pre-Construction Condos for First-Time Buyers & Investors
Buying a new home in Toronto under $1 million may sound challenging, but it’s still possible with pre-construction condos. These projects offer lower entry prices, flexible payment plans, and strong future appreciation, making them ideal for both end-users and investors.
Below is a curated list of verified pre-construction condo projects in Toronto with starting prices under $1M, selected strictly from the projects you provided.
1. 101 Spadina Condos – Downtown Toronto
Starting Price: From $770,000
Address: 101 Spadina Avenue, Toronto, ON
Unit Types: 1 to 3.5 Bedrooms
Size Range: 509 – 1,466 Sq Ft
101 Spadina Condos is a prime downtown development located steps from Toronto’s Financial District, Entertainment District, and major transit lines. This project is ideal for professionals seeking urban convenience and investors targeting strong rental demand.
Why Buy Here?
- Central downtown location
- High rental demand
- Excellent long-term appreciation
🔗 https://monsefproperties.ca/property/101-spadina-condos
2. 6080 Yonge Street Condos – North York
Starting Price: From $745,000
Address: 6080 Yonge Street, North York, Toronto
Unit Types: Studio to 3 Bedrooms
Size Range: 459 – 1,500 Sq Ft
Located on Yonge Street with direct subway access, 6080 Yonge Street Condos offers exceptional connectivity and lifestyle convenience. This project is perfect for families, professionals, and long-term investors.
Why Buy Here?
- Steps to the subway and transit
- Family-friendly neighbourhood
- Strong resale and rental value
🔗 https://monsefproperties.ca/property/6080-yonge-street-condos
3. South Forest Hill Residences – Midtown Toronto
Starting Price: From $650,000
Address: 89 Montclair Avenue, Toronto
Unit Types: 1 – 2 Bedrooms
Size Range: 407 – 867 Sq Ft
South Forest Hill Residences delivers luxury living at an accessible price point. Located in one of Toronto’s most prestigious neighbourhoods, this project offers a rare opportunity to own under $1M in Forest Hill.
Why Buy Here?
- Premium Forest Hill address
- Boutique luxury living
- Excellent for downsizers and professionals
🔗 https://monsefproperties.ca/property/south-forest-hill-residences
4. Forma Condos – King West
Starting Price: From $813,000
Address: 66 King Street West, Toronto
Unit Types: Studio to 3.5 Bedrooms
Size Range: 398 – 1,042 Sq Ft
Designed by world-renowned architects, Forma Condos is an iconic addition to Toronto’s skyline. Situated in King West, it offers unmatched access to business hubs, nightlife, and transit.
Why Buy Here?
- Landmark architectural design
- Prime downtown core location
- High rental income potential
🔗 https://monsefproperties.ca/property/forma-condos
5. Queen Church Condos – Downtown Toronto
Starting Price: From $699,000
Address: 60 Queen Street East, Toronto
Unit Types: Studio – 3 Bedrooms
Size Range: 412 – 812 Sq Ft
Queen Church Condos blends historic charm with modern living. Located near Queen Subway Station, it offers excellent transit connectivity and urban lifestyle benefits.
Why Buy Here?
- Transit-oriented location
- Ideal for first-time buyers
- Strong downtown rental demand
🔗 https://monsefproperties.ca/property/queen-church-condos
6. LSQ 2 Condos – North York
Starting Price: From $660,000
Address: 2305 Sheppard Avenue East, North York
Unit Types: 1 – 3 Bedrooms
Size Range: 480 – 1,110 Sq Ft
LSQ 2 Condos is part of a master-planned community offering residential, retail, and transit access. This project is well-suited for buyers looking for long-term growth and lifestyle convenience.
Why Buy Here?
- Master-planned community
- Excellent future appreciation
- Ideal for families and investors
🔗 https://monsefproperties.ca/property/lsq-2-condos
7. Foret Condos – St. Clair West
Starting Price: From $590,000
Address: 490 St Clair Ave W, Toronto
Unit Types: Studio – 3.5 Bedrooms
Size Range: 398 – 911 Sq Ft
Foret Condos offers nature-inspired living with modern design. Located along St. Clair West, this project provides excellent transit access and strong lifestyle appeal.
Why Buy Here?
- TTC streetcar access
- Affordable entry price
- Great for first-time buyers
🔗 https://monsefproperties.ca/property/foret-condos
8. Olive Residences – North York
Starting Price: From $440,000
Address: 31 Finch Avenue East, Toronto
Unit Types: Studio – 3 Bedrooms
Size Range: 545 – 845 Sq Ft
Olive Residences is one of the most affordable new condo projects in North York, making it ideal for first-time buyers entering the Toronto real estate market.
Why Buy Here?
- Very low entry price
- Finch subway access
- Strong rental demand
🔗 https://monsefproperties.ca/property/olive-residences
9. Motto Condos – Bloor West
Starting Price: From $489,900
Address: 990 Bloor Street West, Toronto
Unit Types: 1 – 3 Bedrooms
Size Range: 362 – 1,046 Sq Ft
Located in one of Toronto’s most vibrant neighbourhoods, Motto Condos offers excellent walkability and transit access.
Why Buy Here?
- Prime Bloor Street location
- High rental demand
- Excellent lifestyle amenities
🔗 https://monsefproperties.ca/property/motto-condos
10. Kipling Station Condos – Etobicoke
Starting Price: From $463,000
Address: 5251 Dundas Street West, Etobicoke
Unit Types: Studio – 3 Bedrooms
Size Range: From 363 Sq Ft
Kipling Station Condos is a transit-focused development offering direct access to subway, GO Transit, and highways.
Why Buy Here?
- Major transit hub
- Affordable pricing
- Strong investor appeal
🔗 https://monsefproperties.ca/property/kipling-station-condos
Final Thoughts
If you’re searching for new homes for sale under $1M in Toronto, pre-construction condos remain the smartest entry point. With flexible deposits, appreciation potential, and strong rental demand, these projects offer excellent opportunities in 2026 and beyond.
