Originally Posted by Snake_Lady
For the same, in Toronto, cost would be approx. $600-700K (I'm guessing, and I could be very low in that)
Downtown Toronto would be high because there is limited stock (except for condos), High Park homes (west Toronto) go for around the $700K to $1 Million mark.
It really depends on neighbourhood, location to transit etc. etc. Most basic houses in north GTA (subdivision lot/area), 3bdrm, 2 or 3 bath, and finished basement go for basic estimate of $400K (give or take $50k). We've been looking at prices and most have come down about $40k over the last 4 months.
In comparison, my house:
Location: 30 minutes north of Toronto - historical area
House: 1.5 storey, unfinished basement
Age: Almost a century
Land: Lot size is 40 x 260
Bathrooms: 1 - 3pc, 1 - 2pc
Living room, dining room, kitchen, 12 x 19 glass sunroom off back of house, 2 upstairs bedrooms, basement (laundry room and future family room/den and bedroom)
Cost: $420- $430K
This was the recent quote we received from a realtor. The prices in my area have come down about $20 - $40K in the last 6 months.
We've been renovating the heck out of this house (originally a handyman's special) for the last few years. Even though the house is very small, the lot is quite large and the neighbourhood is in high demand. If you wanted a fully finished house in this same area (3/4 bedrooms, 2 bath, finished basement etc.) you would easily be paying $600K+