This question is kinda vague.
What do you mean by "great" food? You say inexpensive, so I assume you wouldn't mind going to a greasy spoon for a "great" burger, but a lot of other people might refer to said place as a dump.
If you like Korean food, the Bloor/Christie area has a lot of great places where two people can eat and have a beer for only $22.
Tons of great places in Chinatown for the same price...Same with pretty much every vietnamese restaurant.
Salad King near Ryerson has great Thai food for less than $10 a plate.
At the St. Lawrence market, you can get all kinds of great food from Italian sandwiches, or corned beef for around $5.
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