With housing prices rising and affordability becoming a challenge in Toronto, many families are wondering if it’s still possible to find a home within their budget. Despite the competitive market, there are still under-the-radar neighbourhoods where family homes under $1 million are available, offering a balance of affordability, community, and growth potential.
In this post, we’ll explore five Toronto neighbourhoods that are perfect for families looking for more space, vibrant communities, and great investment opportunities.
1. Eglinton West
Eglinton West is experiencing a resurgence, largely due to the upcoming Crosstown LRT, which has brought massive potential to the area. Oakwood Village, often referred to as the “new Ossington Strip,” is seeing a boom in cafes, restaurants, and independent stores.
Why Eglinton West is great for families:
- Access to parks like Fairbank Park, offering green space for kids to play.
- Community-driven development with future transit improvements.
- A mix of homes under $1 million, including detached, semi-detached, and townhouses.
2. St Clair West
St Clair West has long been a hidden gem in Toronto, known for its vibrant multicultural atmosphere and diverse food options. What makes this neighbourhood particularly attractive is the availability of family-sized condos and townhouses under $1 million.
Why St Clair West is great for families:
- Earlscourt Park provides ample green space for outdoor activities.
- Family-friendly condos and townhouses at affordable prices.
- Easy access to public transit, making commutes to downtown convenient.
3. Weston
Weston is an under-the-radar neighbourhood that feels like it’s on the verge of a breakthrough. It has direct access to downtown Toronto via the UP Express, making it a commuter’s dream. Weston’s Victorian-era homes offer charm and character, while still maintaining affordability.
Why Weston is great for families:
- Large green spaces like Weston Lions Park.
- Victorian homes and family-sized condos available under $1 million.
- Plenty of inventory, making it a buyer’s market with negotiating power.
4. East Danforth
East Danforth, also known for stops like Coxwell, Woodbine, and Main, is one of Toronto’s more affordable neighbourhoods. It’s an ideal spot for families due to its proximity to transit and parks like Monarch Park and East Lynn Park.
Why East Danforth is great for families:
- Convenient access to the subway on the Bloor-Danforth line.
- A mix of older homes with character and newly renovated properties.
- Semi-detached and detached homes available for under $1 million.
5. Eglinton East / Scarborough Junction
Eglinton East and Scarborough Junction are poised for significant growth due to transit developments like the Crosstown East Extension and the Scarborough Subway. These neighbourhoods offer larger lots and family-sized homes at more affordable prices compared to the city centre.
Why Eglinton East / Scarborough Junction is great for families:
- Larger lots and detached homes for under $1 million.
- Excellent access to parks, schools, and upcoming transit developments.
- Tremendous value for families willing to go a little further from downtown.
Why These are Top 5 Affordable Toronto Neighbourhoods for Family Homes
As the Toronto real estate market continues to evolve, these under-the-radar neighbourhoods are offering families a chance to find affordable homes without sacrificing space or community. With ongoing infrastructure improvements and development projects, these areas are primed for growth, making them not only great places to live but also smart long-term investments.
If you’re looking to find a family home in one of these affordable Toronto neighbourhoods, don’t hesitate to reach out. I’m here to help you find a home that fits your budget and your family’s needs.
Contact Me:
📧 Email me at [email protected]
🏡 Sign up for daily emails with fresh listings and monthly updates on these neighbourhoods!
Top 5 Affordable Toronto Neighbourhoods for Family Homes
