A $1-million budget buys a condo in Toronto, a five-bedroom detached home in Mississauga or a six-bedroom house with a legal rental suite in Oshawa — according to current real estate listings on Zoocasa.
Here’s how far that budget actually stretches across three Ontario markets right now, according to listings tracked by Zoocasa.
What can $1 million get you in the Toronto real estate market?
If you’re looking to purchase a property in the $1-million range in Toronto, a condo or attached home is likely going to fall within that budget.
“At the $1 million price point in Toronto, you’re usually looking at condos or attached homes, especially in the York Region or downtown,” says Brittany Kostov, Zoocasa’s senior director of sales and industry relations officer.
“These homes are typically smaller than what you’d see at this price point in other cities like Mississauga. That being said, there’s still a lot of variety in location, number of bedrooms and style, depending on what you’re looking for.”
Here are some of the properties currently listed in the $1-million range in Toronto on Zoocasa.
113 Lightbourn Ave — $1.2 million
113 Lightbourn Ave. listing by Sage Real Estate Limited.
Sage Real Estate Limited
A “spacious and renovated” home from top to bottom has been listed by Sage Real Estate Limited for $1.2 million, in what Zoocasa describes as “the kind of first house that feels like a win.”
The 113 Lightbourn Ave. property features three bedrooms, two bathrooms and an open concept main floor that “brings the living room, dining room and kitchen together in one sun-filled space,” according to the listing.
Its kitchen includes a floating island, generous cabinets and plenty of room for more than one cook.
Its spacious backyard includes an interlocked patio, oversized shed and a “mature” cherry tree fit for shade.
407-90 Sherbourne St — $999,000
407-90 Sherbourne St. listing by PSR.
PSR
An authentic loft residence situated in a historic building with coveted southeast exposure is listed for $999,000 by PSR.
The 407-90 Sherbourne St. property, with two bedrooms and one bathroom, features 10.5-foot ceilings, original hardwood floors, century-old red brick walls and original Douglas fir timber beams.
This loft has clear views of its neighbouring heritage art deco building, more than 1,400 square feet of living space, a shared rooftop terrace with barbecues and a flexible guest suite and home office with an open-concept layout.
503-260 Heath St. West — $999,900
503-260 Heath St. W. listing by Property.ca Inc.
Property.ca Inc.
A 1,400-square-foot home in the heart of Forest Hill South is described by Zoocasa as “a property that could make sense for so many different stages of life.”
The suite at 503-260 Heath St. W. is listed by Property.ca Inc. for $999,900 and features two bedrooms, two bathrooms, wood flooring throughout and a private balcony with a personal outdoor space.
Located in Village Terraces, the well managed condominium includes an outdoor pool and barbecue area and is steps away from Forest Hill Village’s coffee shops, restaurants and grocery stores.
What can $1 million get you in the Mississauga real estate market?
Mississauga is where more of those single-family home options start to open up, alongside smaller options like townhomes and condos, says Kostov.
“Ultimately, that means more flexibility for buyers to pick what’s right for their lifestyle.”
Here are some of the properties currently listed in the $1-million range in Mississauga on Zoocasa.
301 Kingsbridge Garden Cir — $999,000
301 Kingsbridge Garden Cir listing by Re/Max Imperial Realty Inc.
Re/Max Imperial Realty Inc.
A “beautifully upgraded” five-bedroom, four-bathroom detached home at 301 Kingsbridge Garden Cir. is listed at $999,000 by Re/Max Imperial Realty Inc.
The property, located in Mississauga’s highly coveted Hurontario community, is just minutes away from Square One and features an expanded driveway with three parking spots, a long front patio and a sun-filled main level.
Also included is a private backyard deck, fully finished basement, custom kitchen and a primary retreat with a private ensuite.
18B-1084 Queen St. W. — $999,988
18B-1084 Queen St. W. listing by Re/Max Prime Properties.
Re/Max Prime Properties
A 2,300-square-foot executive townhome at 18B-1084 Queen St. W., listed for $999,988 by Re/Max Prime Properties, includes four bedrooms and five bathrooms.
This “luxurious living space” is completely renovated, “meticulously maintained” and features a finished basement with a rec room, a “stunning” kitchen and a cosy gas-fireplace fit for hosting guests and family.
The property is steps away from Lake Ontario, the Great Lakes Waterfront Trail and Jack Darling Memorial Park, each of which are ideal for walking, running and cycling.
7279 Vernor Dr. — $999,999
7279 Vernor Dr. listing by Intercity Realty Inc.
Intercity Realty Inc.
This “bright and inviting” detached four-level backsplit with three bedrooms, two bathrooms and six parking spaces is listed for $999,999 by Intercity Realty Inc.
According to the listing, the home at 7279 Vernor Dr. is fit for “growing families, multi-generational living or those who love to entertain” and features a family room, home office, recreation area and a private backyard.
Zoocasa describes the property as a fantastic opportunity to own a spacious home in a desirable, family-friendly neighbourhood.
What can $1 million get you in Durham Region’s real estate market?
For those looking for lakeside and inland single-family homes in the $1-million range, Durham Region is regarded as an ideal starting point.
“If you’re really set on a single-family home at this price, Durham would be a great place to start,” Kostov said.
“There are several options on the market, both lakeside and inland. Your dollar also goes a bit further in Durham, with more bedrooms than you’d see in a city like Toronto.”
Here are some of the properties currently listed in the $1-million range in Durham Region on Zoocasa.
2978 Ebony St., Ajax — $1 million
2978 Ebony St. listing by Homelife Landmark RH Realty Brokerage.
Homelife Landmark RH Realty Brokerage
Two lots in a “prestigious Lakeside community,” one of which with a pre-existing bungalow, are available to build your dream home at 2978 Ebony St. in Ajax.
The bungalow, listed by Homelife Landmark RH Realty Brokerage, includes four bedrooms and two bathrooms with a finished basement.
The plot of land has the option of building two detached homes or two fourplexes.
The property, steps away from the beach and lake, walking trails, a school and a hospital, is situated close to Highway 401 and Highway 412.
84 Braebrook Dr., Whitby — $999,999
84 Braebrook D. listing by Re/Max Metropolis Realty.
Re/Max Metropolis Realty
An “impressive” all-brick detached residence with six bedrooms and four bathrooms is listed in Whitby for $999,999 by Re/Max Metropolis Realty.
The home at 84 Braebrook Dr. is situated in the prestigious Rolling Acres community and features a spacious family room, expansive kitchen and a finished basement with two fully renovated bedrooms.
The property is conveniently located close to schools, parks, shopping areas, dining, transit and major amenities in one of Whitby’s most desirable family-friendly communities.
1408 Aldergrove Court, Oshawa — $999,900
1408 Aldergrove Court listing by M.R.S. Realty Inc.
M.R.S. Realty Inc.
A six-bedroom, five-bathroom home with potential income opportunities in Oshawa is listed for $999,900 by M.R.S. Realty Inc.
The property at 1408 Aldergrove Court features nearly 3,000 square feet of living space with an entertainer’s kitchen, open-concept living spaces, main level den and a family room with a cosy gas fireplace
Its two-bedroom legal basement apartment can be rented out to a tenant and includes its own kitchen, stainless steel appliances and separate laundry facilities.
The property is conveniently located near Durham College, schools, restaurants, a skating rink, a public library, shopping centres and walking trails.