Getting into the real-estate market can be a challenge, but stepping away from Toronto’s downtown core might help buyers get their money’s worth, without giving up the convenience.
It is no secret that Toronto’s real estate market is one of the most expensive in the country, with the average home selling price at $1,017,796, according to the Toronto Regional Real Estate Board.
Despite all the benefits that living downtown offers, for those looking to buy their first home, the region’s steep prices might be another huge obstacle.
Moreover, while having easy access to shops, restaurants, transit, and amenities feels like a plus, living downtown may get chaotic.
That’s why stepping away from the core might be a first-time buyers’ way into the market, one that gives them the opportunity to experience a calmer lifestyle.
Kartral Adolfo, a real-estate agent at King Realty Co., tells Now Toronto that many first-time buyers and young families are attracted to Pickering, as the city mixes convenience and proximity to the city, while keeping a more suburban lifestyle.
“The value for money is a lot better in Pickering than it would be in Toronto, for example, and it has a strong mix of lots of amenities, waterfront trails, and there’s a lot of new development coming up,” she explains. “There’s a really fast growing core that a lot of families would like to find themselves in.”
Stepping away from the city also allows buyers to find larger spaces for a cheaper price point, helping them to get more square footage for less.
In addition, Pickering is now welcoming more development, which will bring even more convenience to local residents.
“Right now there’s a shift towards more urban living with all the condo developments that are coming up, which is also bringing in different types of buyers who want convenience [and having] a little bit more of a city feel without actually being in the price point Toronto offers,” she added.
With the market still slow compared to recent years, there’s even more opportunities for buyers to step in without breaking the bank.
“I’m seeing condos in Pickering for as low as $300,000. Space wise, it may not be what you want, it may not be very big, but it’s an entry level,” Adolfo explained.
For those looking to get into the market, here are five Pickering properties listed for under $500,000 you can check out.
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7–1350 Glenanna Rd.
Listed for: $499,900
Type: Three-bedroom, two-bathroom townhouse
For just under $500,000, buyers can find a 1,200-Sqft. functional and stylish townhouse, with three generously-sized bedrooms and a versatile den, plus two bathrooms for convenience. This property is move-in ready, and promises a great use of space, including an open-concept layout, lots of natural light, private backyard, and parking for up to three vehicles. The home is located steps from Pickering’s city-centre, with access to grocery stores, everyday amenities, Pickering GO Station and Highway 401. For more information, visit the listing.
208–1210 Radom St.
Listed for: $459,900
Type: Three-bedroom apartment
This unit invites residents to, quite literally, bring some light into their day, combining south-facing exposure with two private balconies, which are perfect for relaxing or just enjoying some fresh air. This apartment has been newly upgraded, with new hi-gloss flooring, new windows in all three bedrooms, and smooth sliding doors. It is located in a well-maintained building, with several great amenities, from a fully-equipped gym to a library room. Residents are also located within walking distance to the beach and boardwalk, with access to parks, shops, restaurants, transit, and more. Visit the listing for more.
1403–1455 Celebration Dr.
Listed for: $459,000
Type: Two-bedroom, two-bathroom apartment
This 700-Sqft.-plus suite was thoughtfully designed for a functional lifestyle, featuring two bedrooms and two bathrooms, an open-concept layout, contemporary finishes, and a balcony. Residents can enjoy several building amenities, including a gym, outdoor pool, party room, and more. The unit is located in the vibrant Universal City community, for easy access to shopping, dining, everyday amenities, and everyday amenities. For more, head to the listing.
423–1880 Valley Farm Rd.
Listed for: $489,999
Type: One bedroom plus den apartment
This unit is located in what is said to be one of the best maintained condo complexes in the Greater Toronto Area, featuring several amenities from outdoor and indoor pools to a versatile gathering room. The unit itself has been recently renovated, including vinyl flooring and fresh paint. The 900-Sqft. space features a room and a den, two closets, a spacious living room, and great views. For more information about this property, visit the listing.
13A–1360 Glenanna Rd.
Listed for: $499,800
Type: Three-bedroom, two-bathroom townhouse
This property offers easy access to Pickering’s popular downtown area, while keeping the extra space. It is close to Highway 401, Pickering GO train, public schools, the city’s library, and more. The home itself offers 1400 Sqft. of space, including three spacious bedrooms, a kitchen with brand new cabinets and appliances, high cathedral ceilings, and an overall luxurious feel. For more information, visit the listing.
