Question

How much does an average newer 1bdrm + 1bthrm space get leased for (w/o parking or locker) in dt Toronto?

A) $2,000
B) $2,300
C) $2,500
D) $2,800

Answer 1

An average newer 1bdrm + 1bthrm space in downtown Toronto is reasonably estimated to lease for around $2,300, though exact prices can vary.

Step-by-step explanation:

The question pertains to the current rental market rates for a 1-bedroom and 1-bathroom unit in downtown Toronto, without including additional amenities like parking or a storage locker. As of the knowledge cutoff in early 2023, an average newer 1-bedroom and 1-bathroom apartment in downtown Toronto can lease for various prices depending on the exact location, building amenities, and the current housing market condition. However, option B) $2,300 is a reasonable estimate for such a rental space, aligning with market trends observed leading up to 2023. It is advisable to conduct a current market analysis or consult with a real estate professional for the most accurate and updated information.