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Home Affordability

What $500,000 Can Buy You Across Canada in February 2024

Tyson Hill by Tyson Hill
February 16, 2024
in Affordability, Alberta, British Columbia, Calgary, Canada, Ontario
Reading Time: 11 mins read
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Buying a home in Canada right now is a daunting prospect. The average price of a home in Canada in January 2024 was $707,800 according to the Canadian Real Estate Association (CREA). While many prospective buyers are being priced out of the market due to high mortgage rates and prices, affordable options are still available coast-to-coast. We looked across the country to find homes currently listed for $500,000 or less. Whether you’re on the hunt for the perfect family home or a starter property, there’s an option for every buyer.

603 – 1055 Birchwood Trail – Coburg, ON

Listed by: Royal LePage Proalliance Realty
Listed by: Royal LePage Proalliance Realty

Property Details:

  • 2 beds, 1 bath, 1 parking
  • Townhouse
  • Walking score 57/ Transit score N/A

Discover the beautiful modern living in this condo townhouse. Equipped with cathedral ceilings, a spacious layout, and tons of natural light, this home is perfect for gatherings and comfortable living.

View the listing and price here.

905 – 203 Catherine Street – Ottawa, ON

Listed by: BRAD J. LAMB REALTY INC.
Listed by: BRAD J. LAMB REALTY INC.

Property Details:

  • 2 beds, 1 bath, 1 parking
  • Condo
  • Walking score 99/ Transit score 62

Located in Ottawa’s hottest new neighbourhood, this 7067 sq. ft, luxurious condo offers two beautiful bedrooms, a southwest-facing balcony, a modern finished and raw concrete ceiling, and feature walls. Mix the old, rustic aesthetic with the new modern features that this home offers!

View the listing and price here.

313 Copperpond Landing Se – Calgary, AB

RE/MAX FIRST
RE/MAX FIRST

Property Details:

  • 2 beds, 2 baths, 2 parking
  • Row/Townhouse
  • Walking score 39/Transit score 31

This beautifully maintained townhouse is located near schools, parks, playgrounds, and shopping making it an ideal starter home for a family. The kitchen features quartz countertops and a large central island and opens up to the second balcony overlooking the backyard.

View the listing and price here.

1214 – 5 Rowntree Road – Toronto

Listed by: RE/MAX MILLENNIUM REAL ESTATE
Listed by: RE/MAX MILLENNIUM REAL ESTATE

Property Details:

  • 2 beds, 2 baths, 1 parking
  • Condo
  • Walking score 57/ Transit score 66

With new renovations to the kitchen, bathrooms, and flooring, this luxurious condo feels like a penthouse. Featuring quartz countertops, porcelain tiles, vinyl flooring, glass showers, and a beautiful city view, this home takes modern living to a new level.

View the listing and price here.

110 – 33545 Rainbow Avenue – Abbotsford, BC

Listed by: RE/MAX Treeland Realty
Listed by: RE/MAX Treeland Realty

Property Details:

  • 2 beds, 2 baths, 1 parking
  • Condo
  • Walking score 74/Transit score 55

This stunning 2 bedroom condo boasts updated designer paint, floor coverings, and a large and cozy office space. Enjoy the proximity to quality shopping and schools!

View the listing and price here.

3707 – 13495 Central Avenue – Surrey, BC

Listed by: Homeland Realty
Listed by: Homeland Realty

Property Details:

  • 1 bed, 1 bath, 1 parking
  • Condo
  • Walking score 91/ Transit score 81

This beautiful condo offers an open layout, a spacious balcony, modern stainless steel appliances, and sweeping landscape views. Best of all the condo is within close walking distance of the library, the mall, the Skytrain, and the rec center.

View the listing and price here.

1624 Borden Street – London, ON

Listed by: rinehart realty, brokerage
Listed by: rinehart realty, brokerage

Property Details:

  • 3 beds, 2 baths, 3 parking
  • Detached
  • Walking score 72/ Transit score 45

Offering comfortable living, a convenient location, a separate basement unit, raw wood countertops, and a recently painted interior, there is tons to love about this property. The spacious backyard is perfect for family gatherings!

View the listing and price here.

316 – 4960 Songbird Place – Nanaimo, BC

Listed by: 460 realty inc. (na
Listed by: 460 realty inc. (na)

Property Details:

  • 2 beds, 1 bath, 1 parking
  • Condo
  • Walking score 72/Transit score 47

This modern top-floor unit boasts 2 bedrooms + a den, vaulted ceilings, tons of natural light and an additional office space. Walk out to your private balcony and enjoy not only the beautiful view but the pure luxury of this condo.

View the listing and price here.

502 – 75 Oneida Crescent – Richmond Hill

Listed by: blue whale capital realty inc.
Listed by: blue whale capital realty inc.

Property Details:

  • 1 bed, 1 bath, 1 parking
  • Condo
  • Walking score 65/Transit score 63

This new and luxurious condo provides a functional layout, 9 ft ceilings, wide laminate flooring, and many building amenities. Located in the heart of Richmond Hill, this one-bedroom condo has it all!

View the listing and price here.

3 Addington Street – Loyalist, ON

Listed by: solid rock realty inc., brokerage
Listed by: solid rock realty inc., brokerage

Property Details:

  • 4 beds, 1 bath, 4 parking
  • Detached
  • Walking score 41/ Transit score N/A

This open-concept, gorgeous property offers a thoughtfully designed living room, ample counter and storage space, and a generously-sized primary bedroom. Utilizing modern and high-end finishes, this home strikes the perfect harmony between tranquillity and convenience.

View the listing and price here.

Are you looking for a new home this year? Contact us today to speak with a local real estate agent who can help you find the perfect house for you!

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Tyson Hill

Tyson Hill

Tyson Hill is a Content Marketing Assistant at Zoocasa. Tyson’s insight provides readers with an understanding of the current real estate market and the hidden properties that offer great value. Tyson covers many topics on insurance and mortgages, affordable properties and homeownership expertise.

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