Homes and Condo Mississauga

Real estate in the 401 corridor: Comparing the ‘average’ homes

 

Stop us if you’ve heard this before: house prices go up and up with no end in sight.

That’s true in almost all of Southern Ontario. It has been years ago

But not all real estate markets have been made equal.

Home buyers from the Greater Toronto region have flocked to Waterloo Region, and have decided that longer commute times are worthy of lower house prices.

in turn pushed a number of buyers from the Waterloo Region to more rural communities.

While local real estate markets are closely monitored by the media, less attention is paid to the differences between neighboring communities.

We have decided to do something about it.

We took a look at ten large housing markets along Highway 401 between Toronto and Windsor.

With the most recent available numbers we have taken the average sales price for each community and searched for a house that is currently on the market. around that price.

In order to make the comparisons at least somewhat apples-to-apples, we looked for detached houses in suburban areas of the cities concerned. All houses have asking prices within five percent of the city’s average sales price. All houses mentioned here were for sale on realtor.ca from 23 February.

The houses are relatively similar – but what they sell for is very, very different.

You can click on the photo of a house to go to his list.

 Windsor average price

 windsor.jpg

We start our journey along the 401 with this house near Windsor & # 39 ; center. The exact age of this raised house in ranch style is not known, but the entry classifies it as & # 39; parent & # 39 ;.

The house has three bedrooms and one bathroom and has easy access to schools, shopping centers and the international border. It also comes with an attached garage, a finished basement and a swimming pool in the ground.

With a price of $ 275,000 the asking price seems to be impossible for everyone in the GTA – but it is actually slightly lower than the city’s average sales price

 Average price Chatham-Kent [19659002]  Chatham-Kent House

If you expect average house prices to rise as you get closer to Toronto, you are almost right.

This rule is stable in nine of the ten cities that we have investigated. The tenth is Chatham-Kent. Whether it is size or insulation or any other factor, house prices in Chatham-Kent are much lower than in the west in Windsor, with a recent average sale of $ 184,658.

This house with two bedrooms, two bathrooms and two floors is slightly above that brand, with an asking price of $ 187,900.

Although the house itself is nice, the property is the biggest selling point. The offer praises that the house is in a double parking lot and a path.

A warning: the garage has been converted into a bedroom on the ground floor, although the entry claims that it would not be too difficult to turn it back into a garage.

 Average price London

 London house

It is a long road from Chatham-Kent to London, and a great leap of the average sales price from Chatham-Kent to $ 184,658 for the $ 333,424 in London – but we still have enough travel and expenses to do.

You find this house and the asking price of $ 334,900 on a silent crescent in the North West corner of London.

The elevated ranch-style house was built in 1986 and each room has been renovated, or at least painted, much more recently.

It has four bedrooms – two of which are in the basement – two bathrooms and a large deck overlooking the backyard.

 Average pri ce Woodstock

 Woodstock House

The population of Woodstock is barely a tenth of London, but the relative proximity of Toronto leaves it behind with higher house prices

] On the other hand, a smaller city means that it is more difficult to find exactly what you are looking for. We actually had to go beyond the average selling price of $ 366,687 that we would have liked.

This house with 1.5 floors is nominated for $ 379,000 – a bargain even according to the standards of the Waterloo Region, but some that might be mocked at further

It is a list of the recently renewed bathrooms and partially renovated kitchen, as well as the enclosed backyard with a gazebo.

 Average price Kitchener-Waterloo

 Kitchener house

Now we are talking about the big money.

The list price for this score in the Heritage Park area of ​​Kitchener is $ 450,000. This still puts it almost $ 10,000 below the average Kitchener-Waterloo sales price for January.

For your money you get three bedrooms, two bathrooms, an attached garage and a cellar with a large workshop.

And If commuting is your thing, you’re a lot closer to Toronto than you would be at one of the houses we’ve shown you so far.

 Cambridge Price

 Cambridge house

The average Cambridge sales price is about $ 10,000 more than at Kitchener-Waterloo – and with a asking price of $ 469,900 could this house in the heart of Hespeler possibly sell something more than the average.

Easy access to the 401 is a great selling point in the offer. This includes the outdoor kitchen and the open concept.

The successful buyer also gets five bedrooms – two of which in the basement – two bathrooms and an attached garage.

 Average price Guelph

Guelph house “src =” http://kitchener.ctvnews.ca/polopoly_fs/1.3816483!/httpImage/image.jpg_gen/derivatives/landscape_620/image .jpg “/>

The asking price of $ 484,900 for this house in the western end of Guelph is slightly less than the city’s average sales price.

It comes with three bedrooms, three bathrooms, one finished basement.

Other features are an attached garage and a back yard with a large deck and a shed.

The offer calls it the “perfect family home” – and it is as much east as you can go without paying a considerable price.

 Average price Milton

 Milton house

Cross from Guelph to Milton and suddenly house prices start shooting through the roof

With an asking price of $ 629,000, the e This owner is looking for a little less than the average sales price of the city – or more than three times the average sales price in Chatham-Kent.

In addition to the attached garage, the offer for this backsplit marks its four bedrooms and a large basement rec.

It does not mention the proximity of Toronto – perhaps because the asking price only makes that point of sale clear.

 Average price Mississauga

 Mississauga house

The closer you get to Toronto, the easier it seems to sell a house . That means brokers can get rid of some of the sales tricks that are used outside the GTA – such as high resolution photo ‘s.

This house is also a semi-detached house because it has a completely detached house on the market for anywhere in the neighborhood The average sales price of $ 675,656 at Mississauga is currently an impossible task.

Nevertheless, the single storey house offers many sales functions, including a finished basement with its own entrance, four bedrooms and a secluded location in a quiet location.

Highway access is also a blessing, with the QEW just a few minutes’ drive away.

 Average price Toronto

 Toronto house

If you want a detached house somewhere near the average retail price of $ 766,616 you have to go to the city center. Even then you usually get bungalows that have been converted to duplexes.

This house in Etobicoke is a rare exception to the duplex torrent, and the asking price is only $ 3000 or so above average.

It comes with three bedrooms, two bathrooms and a large study room and relaxation room in the basement, as well as a detached garage and easy access to the 401.

The list warns that new owners are likely to carry out some renovations, but All in all, there is not that much to separate Toronto’s average home from one of the other average houses along the 401 corridor.

Unlike the price, that is.

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