Real Estate

Real Estate: What $250,000 will buy in four Canadian cities

From a two-bedroom condo on the edges of Toronto to a sprawling "collector's item" in Moncton

The average price of a Canadian home came in at $481,745 in March, according to the latest data from the Canadian Real Estate Association (CREA). If you’re hunting for a home in one of the country’s priciest housing markets, that number might seem low. But for those willing to compromise on location, plenty of single-family homes are available for $250,000 or less. To get a sense of what’s available for nearly half the national average, check out these listings below.


With a quarter-million dollar budget, buying in downtown Toronto is out of the question. But if you’re willing to consider the city’s outskirts, some options emerge. This two-bedroom condo in Scarborough isn’t as splashy as some of its newly constructed counterparts, but it offers a recently updated kitchen and a reasonably spacious balcony. The building also features amenities including a small gym and sauna.


(Christine O’Brien)

(Christine O’Brien)

(Christine O’Brien)

This three-bedroom, 2,400 square foot home is described in the listing as a “collector’s item.” The house has a large outdoor garden complete with a gazebo, and features original hardwood floors and a brick fireplace. The kitchen is a bit dated, but prospective buyers will be pleased to learn that the roof and windows were replaced in 2012.

Kelowna, BC

This 1,248 sq.-ft home was originally built in 1980, but received a serious upgrade in recent years, including new flooring, appliances, and a full kitchen renovation. Much of the space is devoted to a large open-concept living area, with three bedrooms along the back of the house. The 140 square foot porch offers a change to enjoy the forested backyard.

East Hawkesbury, Ontario

Situated an hour’s drive from both Montreal and Ottawa, this three-bedroom home in East Hawkesbury offers a bargain price for those willing to put in a daily commute. The main level has two bedrooms and a large open-concept living-dining area. The finished basement contains a third bedroom and entertainment centre. The insulated garage will be key for colder winters, while the lot has plenty of room for entertaining and gardening in the warmer months.


Looking for more?

Get the Best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.