PHOTOS: July’s most and least expensive homes in Brampton
Published August 10, 2021 at 9:00 pm
The price of buying a home in Brampton continues to rise.
A decline in the supply of single-detached homes in the GTA, coupled with low mortgage rates, has increased demand among first-time homebuyers in the first half of 2021.
According to a recent report from RE/MAX, inventory constraints have led to unprecedented market performance in 60 Toronto Regional Real Estate Board (TRREB) districts.
Based on the findings, the value of single-detached homes in 90 per cent of TRREB communities has increased significantly year-over-year, with nearly half reporting an increase of 25 per cent or more.
In Peel Region, Brampton saw the biggest spike in prices, as the average price for a single-detached home rose 28.8 per cent from six figures in 2020 to $1,189,811 in 2021.
Here are the most and least expensive properties in Brampton that changed hands in July.
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Most Expensive
22 Manswood Cres.
This three-acre property sold for $4,195,000, nearly $200,000 above the asking price in about two weeks. There are multiple residences on the property as well as a greenhouse, which connects the two houses.
Photo courtesy: Re/Max West Realty Inc.
10 Grafton Cres.
It only took six days for this two-acre property to sell for the asking price of $3,700,000. The two-acre ravine lot is in a secluded, exclusive neighbourhood. New roof, furnace, blinds, paint, tiles, potlights and more.
Photo courtesy: Homelife/Miracle Realty Ltd.
9208 Goreway Dr.
This property, which is ideal for investors, developers, business owners or those seeking storage sold for $3,370,000.
Photo courtesy: Msierra Realty Group Inc.
38 Fairmont Cl.
This luxury home in Churchill Village sold for $2,650,000 in a week. Beautifully landscaped with three fireplaces, pot lights, two-tier deck, 10-foot ceilings. Finished basement with sauna and yoga room.
Photo courtesy: Century 21 Skylark Real Estate Ltd.
8786 Creditview Rd.
Massive home with 7,000 plus sq.-ft. of living space sold for $2,610,000. Home on premium lot with six bedrooms, six washrooms, upgraded kitchen, walkout to deck and backyard.
Photo courtesy: Homelife Miracle Imperial Realty Ltd.
Least Expensive
219-188 Mill St. S.
This one-bedroom condo sold for $355,000, a little over the asking price in less than three weeks. The beautifully-maintained building is located in the heart of Brampton and backs onto a quiet ravine. Open concept with lots of natural light and a private balcony.
Photo courtesy: Homelife/Future Realty Inc.
405-8351 McLaughlin Rd. S.
This one-bedroom plus den condo sold for $388,500. Condo fees include water and hydro in the quiet, well-maintained building. The open concept is perfect for a single person or couple.
Photo courtesy: Re/Max Premier Ragona Sisters Realty
429-8351 McLaughlin Rd. S.
Listed at $375,000, this one-bedroom plus den condo sold for $15,000 over asking price in three days. Condo fees include many extras in this quality building.
Photo courtesy: Royal LePage Meadowtowne Realty
309-12 Laurelcrest St.
It took only one day for this home to sell for $445,000, just $5,000 under the asking price. Open concept floor plan with dark laminate floor, all utilities included and a private security gate house.
Photo courtesy: Spectrum Realty Service Inc.
102-60 Baycliffe Cres.
This modern condo near Mt. Pleasant GO Station sold for $452,000. The convenient main-floor suite offers two entrances and is steps from transit, schools and library. Parking spot right outside your door.
Photo courtesy: Century 21 Green Realty Inc.
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