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What $1.6 Million Can Buy You In 8 Provinces Across Canada

Angela Serednicki by Angela Serednicki
March 29, 2024
in Buying a Home, Canada
Reading Time: 9 mins read
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Toronto is home to one of the country’s most expensive real estate markets, with the average price of a single-family detached house being a staggering $1,657,026. To provide a clearer picture on the purchasing power of this sum outside the Greater Toronto Area (GTA), here’s what $1.6 million homes (or even less) can buy in The Six, as well as other areas across Canada.

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A Two-Bedroom Bungalow in Bloor West 

Listed by: real broker ontario ltd.

Curious to see what a typical single-family home looks like in Toronto? This charming bungalow in Swansea is just a short distance from the Bloor West subway station. It has two bedrooms, two bathrooms, and a private driveway with enough space to park three cars. Being so close to High Park, outdoor adventures are easily accessible. The dining room is beautifully decorated with wood paneling, while the galley kitchen is designed to be practical and functional. 

View the listing and price: 120 Morningside Ave 

  • Read: You Can Still Buy Detached Homes Below the Average Price in These Toronto Neighbourhoods

This Single Family Home in Downtown Ottawa 

Listed by: ENGEL & VOLKERS OTTAWA CENTRAL

If you want a more spacious home than you might find in downtown Toronto, consider checking out this four-bedroom house in Ottawa’s Wellington Village. The primary suite features a spacious walk-in closet, a luxurious bathroom with a spa-like feel, and a cozy fireplace. Additionally, you will find a gourmet kitchen and a serene backyard oasis with a hot tub.

View the listing and price: 170 Hinton Avenue N

A Two-Story Riverfront House in Halifax 

Listed by: Sutton Group Professional Realty

This must-see Halifax abode boasts a spacious main floor with an office space, gym, full bathroom, family room, expansive kitchen, dining area, and walk-in pantry. Upstairs, you’ll find three bedrooms with walk-in closets, a laundry area, a full bath, and an owner’s suite with an ensuite and walk-in closet. Another great feature of this home is the in-law suite, which is connected to the double garage. It includes its own bedroom, full bathroom, kitchen, dining area, living room, and separate laundry facilities, making it perfect for multigenerational families or rental opportunities. 

View the listing and price: 520 Perrin Drive 

This Luxury Five-Bedroom Oceanfront Home in PEI

Listed by: ROYAL LEPAGE PRINCE EDWARD REALTY

Dreaming of living near the ocean? It might be in the budget after all. Inside this stunning home, you’ll find a beautiful chef’s kitchen, five bedrooms (three of them with ensuites), expansive high ceilings, and panoramic windows offering breathtaking water views. The best part? You can own this Prince Edward Island property for the same price as an average single-family house in Toronto.  

View the listing and price: 71 South Beach Lane

A Tranquil Oasis in Conception Bay, Newfoundland 

Listed by: RE/MAX Infinity Realty Inc. – Sheraton Hotel

This stunning house is located in St. Phillips, Newfoundland and sits on a spacious 3-acre lot with breathtaking views of Conception Bay. The property features many impressive details, such as tray ceilings, custom mouldings, stained glass windows, pocket doors, and cast-iron baseboard heaters with instant hot water circulation. The gourmet kitchen has been recently renovated and includes granite countertops, custom cabinetry, and new stainless steel appliances. Outside, the house offers a wrap-around covered front patio, professionally landscaped gardens with a fish pond and a waterfall, a charming treehouse, a cedar back deck, and a brick walkway. 

View the listing and price: 9 May’s Lane

This Mid-Century Modern Retreat in Regina 

Listed by: EXP REALTY

This beautiful mid-century modern home in Regina has custom-designed cabinetry, a roomy mudroom, and engineered hardwood flooring throughout the main floor. The luxurious primary bedroom includes an exquisite ensuite with double sinks, a floating vanity, unique light fixtures, a heated floor, and a free-standing soaker tub. In addition, the spacious family room features a custom-built wet bar for your entertainment needs.

View the listing and price: 8267 Wascana Gardens Point

A Beautiful Beach Home in White Rock, British Columbia  

Listed by: Royal LePage – Wolstencroft

For the same budget as an average detached home in Toronto, you can own a beautifully renovated four-bedroom, two-bathroom beach house in White Rock, British Columbia. This charming property boasts custom finishes such as brickwork, reclaimed wood beams, and an inviting kitchen island seamlessly integrated into an open-concept living area. A standout feature of this home is the captivating ocean views that can be enjoyed from the balcony. 

View the listing and price: 15170 Beachview Avenue.

This Exquisite New Build in Edmonton, Alberta 

Listed by: Logic Realty

In Edmonton, Alberta, you can purchase a brand new five-bedroom, 3.5-bathroom house with 3,500 square feet of living space for the same price as a single-family home in Toronto. This exceptional property boasts high ceilings with skylights, a kitchen featuring a 10-foot island with marble countertops and designer lighting, four fireplaces, and a roomy deck overlooking a stunning backyard.

View the listing and price: 12421 28a Av Nw

  • Read: Rural Charm, Modern Elegance: Tour This Alberta Gem Available for Under $800K

A 12-Acre Waterfront Estate in New Brunswick 

Listed by: RE/MAX Quality Real Estate Inc.

In New Brunswick, you can buy this custom-built waterfront estate with 12-acres of landscaped grounds for a budget under $1.6 million dollars. The house itself features three bedrooms, four bathrooms, and an open-concept design with impressive 19-foot ceilings. The primary bedroom is generously sized, complete with a dressing room and ensuite bathroom. Convenience is further ensured throughout the house and detached garage with an integrated intercom system. Plus, the finished walk-out basement is an entertainment haven with an indoor pool for year-round enjoyment. 

View the listing and price: 660 Saint Charles Sud

  • Read: North American Homeownership Satisfaction High Across Generations: Survey

A Three-Level Townhome in Downtown Montreal 

Listed by: SEARCH REALTY CORP.

This new three-story condo townhouse in Montreal, Quebec is conveniently located within walking distance of Beaudry and Papineau metro stations and La Fontaine Park. It features three bedrooms, two bathrooms, and a powder room. It also boasts a stunning waterfall quartz kitchen countertop and a finished basement. 

View the listing and price: 2196 Plessis St 

Looking to move to a new province? Whether you’re planning to relocate or looking for a place close to home, we can help! Give us a call today to speak to a Realtor who can help make your homeownership dreams a reality.

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Angela Serednicki

Angela Serednicki

Angela Serednicki is a Public Relations and Content Specialist at Zoocasa. Having resided in different Toronto neighbourhoods for over a decade, she has gained an intimate understanding of and a passion for exploring the city’s changing real estate scene. In her journalism career, Angela has written for some of Canada’s best publications, including Maclean’s, Canadian Business, Money Sense, Reader’s Digest, and The Globe and Mail.

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