It’s no secret that the real estate market is basically the Wild West. You can find vastly different listings for the same price, depending on where you’re looking. We decided to investigate these differences for ourselves by comparing listings in varying Ontario towns and cities. Using the benchmark of $1 million, it’s clear some places offer a little more bang for your buck than others. Well, as long as you’re willing to relocate to those locations, that is. From small homes in the suburbs to mansions on the lake, $1 million can be spent in all kinds of ways.
Here’s what $1 million houses look like in 10 different Ontario locations.
TORONTO
First up we’ve got Toronto and, no surprise, $1 million doesn’t exactly buy you the height of luxury. For starters, it seems that these days you’ve really got to head out to the suburbs to even find a listing at this specific price point. (To note: you can find some downtown listings below and many above this price point, but we are talking specifically one million dollars here). The house we’re showcasing today is located in East York and comes equipped with 3+1 bedrooms and 3 bathrooms. It’s certainly a solid property, but definitely not what the Barenaked Ladies were dreaming of when they sang about having $1 million.
Listing: Check it out here
HAMILTON
It’s been a long-time trend for folks to migrate over to Hamilton from Toronto. It’s no secret you can get a little more bang for your buck there. This next listing is a 2-unit home complete with 3 bedrooms and 2 bathrooms. With the potential for a third unit, whoever buys the property has the option to live in it in full or rent out parts for a little extra cash. There are loads of nearby schools and parks surrounding this one.
Listing: Check it out here
LONDON
Over in London things are getting even fancier. Although the interiors of this property could definitely use an update, the house overall is pretty decent! With 4+1 bedrooms and 4 bathrooms, there’s plenty of space for a larger family. Plus, it’s located within the quiet court of London’s Rosecliffe Estates with plenty of nearby parks and green space. No, you won’t get the hustle and bustle of city living, but if you’re looking for a suburban vibe this one is solid.
Listing: Check it out here
KITCHENER
The backyard of this $1 million Kitchener, Ontario home might just be all it takes to sell ya on it. The pretty bungalow on a nature-surrounded cul de sac boasts modern renovations and an impressive back deck. The 2+2 bedroom, 3 bedroom house is perfect for a little outdoor entertaining. As the listing suggests, you can even use all the green space to install a pool and really ramp up the outdoor paradise vibes.
Listing: Check it out here
TIMMINS
This Ontario town may be small, but the impact of your dollar here sure is big. For $1 million, you could buy this gorgeous property. The 5 bedroom, 7 bathroom home comes with amazing perks like a wet bar, sauna, oversized squash court, outdoor pool, patio, fireplaces, 5-piece ensuite equipped with a rain shower, and loads more. We can’t get enough of the beautiful sunroof the dining room boasts! This beautiful home is very luxurious.
Listing: Check it out here
Related Posts:
This family-run GTA spot offers charcuterie boxes almost too pretty to eat
10 of the best vegan restaurants in Toronto that everyone should try
NIAGARA FALLS
In Niagara Falls $1 million dollars can stretch fairly far. Although this property is somewhat giving us middle-of-nowhere vibes, the house itself is pretty decent. It’s a 4+1 bedroom, 5 bathroom home with loads of space to enjoy. Its recent upgrades include granite/quartz countertops, oak stairs, a finished garage, wood shutter windows, and more. Plus, it’s surrounded by open land with a pond and forest for a pretty nature-escape feel. But don’t let the secluded feel fool ya, this home is only a 10-minute drive to the famous Horseshoe Falls themselves.
Listing: Check it out here
ST CATHARINES
In the nearby town of St Chatharines, $1 million will get you a cozier home. This property may be small but it’s bursting with personality. From its bright green exterior to its beautiful brick fireplace, this one’s definitely special. But the real draw has got to be the location. This 3 bedroom, 3 bathroom home sits on the waterfront right in the heart of Niagara Wine Region. You’ll enjoy beautiful views of Lake Ontario and even the occasional faraway glimpse of the Toronto skyline. Now that million dollar price tag is making more sense…
Listing: Check it out here
KAWARTHA LAKES
Over in Ontario’s cottage country, $1 million can go a long way. Known as the cheaper version of Muskoka Lakes, the Kawarthas provide a beautiful backdrop to any property. This gorgeous home boasts 2+1 bedrooms and 3 bathrooms. It’s steps from the prestigious Balsam Lake, with a boat launch situation at the end of the street. Plus, perks like a double sided fireplace and cathedral ceilings make this spot quite the home.
Listing: Check it out here
MUSKOKA LAKES
Of course, we mentioned Muskoka Lakes so we’ve got to show you what $1 million can get you here. The exterior of this home is relatively unassuming compared to some of the more insane multi-million dollar listings in the area. However, we’ve got to say, it’s still quite the catch. The waterfront location and wrap-around porch make the outside of the home. While these wooden interiors are serving gorgeous cottage vibes. Plus, that fireplace? No complaints about this home here!
Listing: Check it out here
OTTAWA
We’re finishing things up with a modern home located in the country’s capital. This $1 million townhouse in the coveted Crystal Bay Area is certainly nothing to sneeze at. The 2 bedroom, 3 bathroom home is decked out with perks like an open concept living area, balcony windows, walk-in closet, ensuite bathroom, and more. Plus, we kind of dig the unique architecture the shape of the home is sporting.
Listing: Check it out here
So there you have it! If you’ve got $1 million burning a hole in your pocket, these are the types of homes you could spend it on. No surprise, there are quite a few differences in what you’ll get depending on where you are in Ontario. But that’s to be expected, right? Let us know which of these million-dollar Ontario homes was your favourite!
