When we look at the housing market in Canada right now, it’s all mixed feelings. What can $500,000 get you? It all depends on where you are looking and it all looks different. You can get a one bedroom condo or a five bedroom detached home. This is what the January 2021 circa for the Canadian housing market is looking like. To help you get a better idea of what your money can do here is what you can expect in different areas.
A detached 2 story home on Winslow St. in St. John’s recently sold for $499,900. This home features three bedrooms with full bathrooms, a master bedroom with a walk-in closet, and a bathroom ensuite. It also features a heated loft and floors. On the main floor, the house features a large open dining and kitchen combo, a bright living room, an office/den, and a powder room. But wait, we’re not done yet there is a basement complete with a wet bar and rec room, an oversized bedroom/ games room, a full bath, and the laundry room. On top of all that real estate, the backyard offers a separate fenced green space as well as a lot of usable hard surface area.
Killarney Road, New Brunswick
On Jenkins drive just four minutes outside of Fredericton, this New England farmhouse style home sold for $499,900. This two-story home features five bedrooms, 3 ½ bedrooms, a tiled kitchen with porcelain floors, and new appliances. The formal dining room features red pine plank floors. The living room is spacious with a den on the main level which could be a potential living room.
On the upper level we find a newly refinished bathroom complete with tub/shower combination and white subway tile along with the three bedrooms. The large master features an ensuite bathroom with soaker tub, large vanity, porcelain floors and a tile shower.
The lower level was recently finished and features a large family room, two of the bedrooms and the 3rd full bathroom which also has a tub/shower combo. On the outside there is a back deck as well as two covered front porches offering a view of the landscaped yard.
In Montreal, you can get a two bedroom, one bath condo for $499,700. The condo has a total of 1,232 square feet and is located in the central business district. The bedrooms are large and the home features a terrace that is 20’ by 8’.
In Toronto’s West End, a one bedroom, one bathroom condo home with parking included was sold for $499,900. Here you can find panoramic views of the city from both the balcony and the bedroom. The unit was freshly painted and bedroom storage and roller door recently updated. You will find this unit located close to transit, subway and shops and grocery stores.
Here a five bedroom and three bathroom home sold for $499,900. On the main floor we find a mudroom.laundry room, the formal dining room and a large island kitchen. The kitchen is bright with granite countertops along with a built in cooktops and is complete with an oven. There is also a secondary dining room in the rear with patio doors that lead to an additional deck off of a sunroom. The great room offers an open concept design and is complete with a fireplace and entertainment center finished with laminate flooring. The primary bedroom is located on the upper level with an ensuite bathroom complete with jetted tub and walk-in closet. All windows are triple pane and there is a garage, an above ground pool, a finished basement and storage shed.
In Parkhill, a contemporary styled three bedroom, two bath home sold for $499,000 fully furnished. This bilevel home features hardwood floors and a mantled wood fireplace in the family room. There is a sizable kitchen, access to a private backyard compete with mature trees, deck and hot tub as well as a detached double garage.
The three bedrooms can be found on the lower level with a vessel sink and rain shower. This is also where you will find the storage room and laundry room This home is located within walking distance to a number of restaurants and shops on 4th street.
On Stephens St. a 495 square foot condo with one bedroom and den for $498,000. The condo is located in the Kitsilano neighborhood with restaurants and shops readily reachable as well as the beach. You can enjoy a view of the North Shore mountains from your open concept kitchen with stainless steel appliances and quartz countertops. The kitchen also features a breakfast bar. The living room is airy and features skylights, vaulted ceilings, and a fireplace. Amenities included are parking and a storage locker.
How much hose can $500,000 get you when you choose SilverBeam Homes? Get in touch with us and let us how to build your dream home on your budget.