5 houses that recently sold for under $900K in Brampton
Published October 17, 2022 at 4:49 pm
As housing prices drop across Canada, it is getting easier to find less expensive homes in Brampton.
An average, single-family home is still likely to run over $1 million in Brampton but that could change.
The most recent report shows home prices on the decline in Brampton. The median price of a home dropped 6.6 per cent from $1,265,000 in the second quarter of 2022 to $1,181,900 in the third quarter. This is also a 2.2 per cent decrease from the third quarter of 2021 when the median was $1,208,700.
Some experts predict a bottoming out of home prices in the spring of 2023. In a report this month, RBC suggested Ontario’s benchmark prices will decrease by around 16 per cent.
While most single-family homes are around the $1 million mark in Brampton, recently some homes have been selling for well under that price.
Here are five homes that recently sold for under $900,000:
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156 Mill Street South
This detached, three-bedroom home is within walking distance of downtown Brampton. The home came with a single-car garage and a modern kitchen.
It sat on the market for 55 days selling for $825,000 at the end of September.
88 Ardglen Drive
This four-bedroom home has a lot going for it. It sits on a large lot and has a finished basement with a separate entrance. There are even two separate laundry rooms.
It sold for $880,000 at the end of September. It was initially listed for $1,099,999 and later dropped to $929,900.
70 West Street
This four-bedroom home looks cute on the outside and also has loads of character on the inside. It came with a modern kitchen, hardwood floors and a large dining room. It is close to downtown and not far from the GO Station and shops.
It sold at the end of September for the asking price of $ 765,000.
50 Royce Avenue
This three-bedroom home sits on a 150 foot deep lot. It came with a one-bedroom in-law suite in the basement with a separate entrance. It is also within walking distance of downtown and Gage Park.
It sold at the end of September for $815,000, above the asking price of $739,00.
33 Josephine Court
This two-storey, three-bedroom home was touted as a good home for a first-time buyer. It’s on a quiet court, close to transit and trails. It also features an updated kitchen and many upgrades throughout the home.
It sold for $ 791,000, well above the asking price of $619,000 at the end of September.
Photos and information via House Sigma and Toronto Regional Real Estate Board.
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