What Does $500,000 Get You in Brampton?

Published December 5, 2016 at 3:51 am

If you’re shopping for a home in Brampton, you’re dealing with a challenging market that’s somewhat devoid of robust inventory.

If you’re shopping for a home in Brampton, you’re dealing with a challenging market that’s somewhat devoid of robust inventory.

For months now, demand has outpaced supply and GTA buyers are finding themselves embroiled in bidding wars that have them spending more (sometimes significantly more) than they had initially planned. Sometimes, buyers with more modest budgets are locked out of the market altogether.

That said, condos — almost always much more affordable than town, semi and detached houses — are an option for people who want to get into the housing market but can’t or won’t spend over $500,000 on a home.

And, if you’re actually looking for a luxurious home that’s expensive but requires little in the way of upkeep (condo dwellers are typically free from snow clearing and lawn-mowing duties), there are costly units that are designed to impress.

So, here’s a look at condos available at various price points in Brampton.

5) If Your Budget is Very Modest: $230,000 or less

Although it can be challenging to find very affordable housing in the city, there are options for buyers with tighter budgets who want to get into the market. This Lisa Street two bed, one bath condo is listed at $229,000 and is centrally located across from Bramalea City Centre. It’s close to schools, the mall, a park and transit and the maintenance fees ($585.31) include all utilities. The building also boasts a gym, outdoor pool, party room, covered visitor parking, security and more.

4) If Your Budget is Modest: $250,000 to $300,000

If you have a modest budget that you can stretch a little, you might be interested in this 942 sq. ft. Mill Street condo that’s listed at $289,900. It actually offers two storeys (a huge plus in any condo) and a view of a ravine and Etobicoke Creek. It also boasts a renovated kitchen with granite countertops and stainless steel appliances and hardwood floors (also a rarity in a condo). The unit also offers three chandeliers and an electric fireplace.

3) If You Have a Mid-Range Budget: $500,000 

If you have a little more dough to play with, you can have this John Street condo for $489,900. This corner unit offers a wraparound balcony with a gas BBQ hook up (relatively rare and very precious), views of the Toronto skyline, granite countertops, stainless steel appliances, floor to ceiling windows, 9’ ceilings, crown mouldings, two en suite bathrooms, walk-in closets and more. The building offers a gym, theatre room, underground parking, a billiards room and more.

2) If You Have a Higher End Mid-Range Budget: $500,000-$600,000 

If you have a higher mid-range budget, you can grab this Yorkland Blvd. penthouse for $586,990. It offers two bedroom, two bathrooms, stainless steel appliances, granite countertops, 10’ floor to ceiling windows and a 252 sq. ft. terrace that you can–believe it or not–put a BBQ on.

1) If You Have a More Generous Budget: $600,000-$700,000

If you have over $600K to spend, you might want to check out this George St. N. Brampton condo that’s listed at $614,000. This corner penthouse offers a fantastic 1,971 sq. ft. of space in the city’s downtown area. The unit boasts wall to wall windows, a den, two balconies, an upgraded kitchen, two parking spaces and more.

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