The short answer: In Midtown Toronto, around $700,000 buys a condo, $1 million buys a large condo or a townhouse, $1.5 million gets you into a semi-detached house, and $2 million buys a detached house near Davisville but usually a semi or a smaller detached home near Lawrence Park and Bedford Park. At $3 million and up you are in the upper part of the Lawrence Park, Lytton Park and Bedford Park house market. The further north you go toward Lawrence, the more you pay for the same kind of house, and almost every price on this ladder is lower than it was a year ago.
I'm Antony Malfara, Co-Team Lead of Property Boys, and this is my area: Yonge and Eglinton to Yonge and Lawrence. Here is what each budget really gets you, using September 2026 TRREB numbers.
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Around $700,000: a condo
Condo benchmark, east side of Yonge and Eglinton (including Davisville): $605,800
Condo benchmark, west side of Yonge and Eglinton: $651,300
Condo benchmark, Yonge and Lawrence area: $690,500
Typical (median) condo sale on the east side of Yonge and Eglinton in September: $641,500
At $700,000 you are usually looking at a one-bedroom plus den or a smaller two-bedroom in a building close to the subway.
What to watch: at this level the building matters more than the unit. Check the monthly fees, the reserve fund and how many similar units are for sale in the same building. My condo buyer's guide walks through the status certificate and the other checks.
Around $1 million: a bigger condo or a townhouse
You have two real choices. One is a bigger condo: a true two-bedroom or two-plus-den, often with parking, in one of the better buildings. The other is a townhouse.
Townhouse benchmark around Davisville and Mount Pleasant: $903,700, up 1.5% from a year ago
Townhouses are the only home type in Midtown that is actually up from last year. Not by much, but my read on why is simple: they are the in-between home, with more space than a condo and a lot less cost than a house, and there aren't many of them.
What to watch: know whether it is a freehold or a condo townhouse before you fall in love with it. A condo townhouse still has monthly fees and a status certificate to read.
Around $1.5 million: a semi-detached house
Semi benchmark, Yonge and Lawrence area: $1,394,600
Semi benchmark, east side of Yonge and Eglinton (including Davisville): $1,427,400
This is where young families get into the neighbourhood: the same schools, the same streets and the same walk to the subway as the detached houses, with a shared wall, a narrower lot and usually a smaller home.
What to watch: condition. A semi at this price could be fully renovated, or it could need $200,000 of work. Check parking too. Some semis have a private driveway, some share one, and some have none at all.
Around $2 million: it depends on the street
This is where the answer changes depending on where you look.
East of Mount Pleasant, around Davisville: the typical (median) detached house sold for $2,000,000 in September, so $2 million buys a detached house there.
Lawrence Park and Bedford Park: the typical detached house sold for $2,335,000, so at $2 million you are usually looking at a larger renovated semi, a smaller detached house, or a detached house that needs a lot of work.
What to watch: at this level the lot matters as much as the house, because frontage and depth decide what you can add or build later.
A 25 by 125 foot lot will usually take a typical new build.
A 25 by 110 foot lot changes what you can build, sometimes quite a bit.
Anything narrower than 25 feet changes it again.
A shared driveway affects your setbacks and what you can build.
If you plan to live in the house for 5 to 10 years and then rebuild, understand these differences before you buy, and on an older house, get a contractor in before you firm up your offer. My Lawrence Park vs Bedford Park comparison covers lot sizes and housing stock in more detail.
$3 million and up: the bigger family homes
At $3 million you are looking at the bigger family homes in Lawrence Park, Lytton Park and Bedford Park: fully renovated originals or newer custom-built homes on better lots.
Average detached sale in the Yonge and Lawrence area in September: $2,650,889
So $3 million puts you in the upper part of that market, but not the very top. The very top is ravine lots and the biggest new builds on the best streets, and that goes up to $5 to $6 million and beyond.
What to watch: new doesn't always mean well built. Ask who built it, ask for permits and warranties, and get it inspected like any other home. I also try to find out whether it was built to flip or built by someone who lived in it. A flip by a good builder can be fine. A home someone built for themselves was usually built for the long term. An agent who knows the area can usually tell you within a few minutes of walking in.
The pattern across every budget
The further north toward Lawrence, and the further from the towers, the more you pay for the same kind of house.
Every level has its trade-off: space, condition, parking, the lot or the fees. Nobody gets everything. The trick is deciding which trade-off you can live with.
Prices are lower than a year ago. Almost every benchmark on this ladder is down year over year, for example detached homes in the Yonge and Lawrence area are down 3.6% and semis are down 5.2%. That is a buyer's advantage right now, and it probably won't last forever.
Not sure which neighbourhood fits your budget? Try my neighbourhood matcher, or compare Yonge and Eglinton vs Davisville. For the full market picture, see Midtown Toronto real estate and North Toronto real estate.
Frequently asked questions
What does $2 million buy in Midtown Toronto? Near Davisville, east of Mount Pleasant, $2 million buys a detached house: the typical detached sale there was $2,000,000 in September 2026. Near Lawrence Park and Bedford Park, where the typical detached house sold for $2,335,000, it usually buys a larger semi, a smaller detached house or a house that needs work.
How much is a condo at Yonge and Eglinton? In September 2026 the condo benchmark was $605,800 on the east side of Yonge and Eglinton and $651,300 on the west side. The typical east-side condo sold for $641,500.
How much is a semi-detached house in Midtown Toronto? About $1.4 million. The September 2026 semi benchmark was $1,394,600 in the Yonge and Lawrence area and $1,427,400 on the east side of Yonge and Eglinton.
Are Midtown Toronto home prices going up or down? Mostly down from a year ago. The only home type up year over year was townhouses around Davisville and Mount Pleasant, at a $903,700 benchmark, up 1.5%.
What lot size do I need to build a new house in Midtown Toronto? A 25 by 125 foot lot will usually take a typical new build. Shallower lots, frontages under 25 feet and shared driveways all limit what you can build, so check before you buy.
Tell me your budget
Tell me what you want to spend and I'll tell you where I'd look. If you want a search set up for your exact budget, call or text me at (416) 709-0988, or send me a message.
Antony Malfara, Broker and Co-Team Lead, Property Boys, Royal LePage Signature Realty, Brokerage
Sources: TRREB Market Watch, September 2026 (MLS HPI benchmarks and district sales). East side of Yonge and Eglinton = TRREB district C10, west side = C03, Yonge and Lawrence area = C04. Not intended to solicit buyers or sellers currently under contract with a brokerage.