This is what a $700K home looks like in cities across Canada
So the other day I got sucked into a YouTube blackhole, as one does, and I ended up watching a video of a 24-year-old who spent $700K on a Ferrari.
One month later, the same dude had already broken his shiny new toy and I felt like the universe had righted itself a little.
But it also got me thinking, if you’re gonna drop that kind of coin on anything why wouldn’t you spend it one something that has a bit more longevity and maybe doesn’t depreciate in value the second you buy it? Like say real estate?
So with that in mind here’s what $700K can get you in cities across Canada.
It's nice to know that Canada still has places where you can get an ocean view and almost an acre of land for under $1 million. For example, you can get this six bedroom family home for just a little over $700,000 in Paradise, Newfoundland. It's picturesque and filled with quality features like granite counters, tall ceilings and a gas fireplace.
If you're going for just a classic family home this one in Winnipeg doesn't disappoint. It has five bedrooms, three bathrooms, a gleaming white kitchen, great natural light and a sizeable backyard. I can't find a fault in it.
When the average price of a house in Vancouver is over $1 million finding a detached house for under that is no easy task – in fact, many would consider it impossible. But for $700,000 you can get half a house.
The co-ownership agreement gives you the top floor of this recently renovated home, with exposed beams and views of the North Shore mountains.
Although, if you're not into sharing there are some really lovely apartments, like this one bed which overlooks Arbutus Walk Park.
This modern four bedroom home is located in the central Mount Pleasant neighbourhood. Some of the highlights of the home include a sleek kitchen with quartz counters, an entertainment area in the basement with a wet bar and a living room with built-in shelving and a cozy fireplace.
For a little over $700K large family home in Saskatoon. This one has five large bedrooms, a lovely open concept kitchen and living space and a massive backyard – made even large by the fact it backs onto a park. The home also comes with some cozy additions like a gas fireplace, a jacuzzi tub and radiant heating flooring.
There are only condos in Toronto proper at this price point but if you're willing to commute the surrounding greater Toronto area has some decent detached homes for $700,000. Take this three-bedroom, three-bathroom home in Milton. It's a well maintained home with a garage, backyard and 1,600 square-feet of living space.
Don't be fooled by the bungalow exterior of this home, it's actually over 3,500 square-feet inside and has cathedral ceilings that make it feel even bigger. The home has five bedrooms and three bathrooms, it's also pretty typical by design so you can really make it your own, whatever your style is.
This Triplex is close to the park, the metro and is in a neighbourhood filled with artists and culturally diverse eats. While the bones of the home are good the interior is extremely dated and the home would likely need to be gutted to bring it into the 21st century.
Just five minutes from the city is this home that's perfect for hermits. It's completely secluded, surrounded by over seven acres of land. It's also great if you want to save on your utility bills or live off grid. The home boasts 52 solar panels on the roof and it has geo thermal heating. There's also enough land for you to be completely self sufficient if you have a decent green thumb.
For a little under $700,000 is this three-bedroom modern bungalow. It's perfect for a young family as there's no stairs for kids to fall down and the open concept layout means you can keep an eye on them from anywhere in the house. There's also an awesome playground right behind this house.
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