Getting a home can be one of the most important decisions of a person’s life, but looking ahead to the future you want to build is essential to nailing the right option.
For first-time homebuyers who are just starting to navigate the real estate market, it can be overwhelming to get the right option, especially under a tight budget.
King Realty Co.’s agent Keanna Samuels explains that the first step she’d recommend for those trying to get their foot in the door right now is finding out what kind of lifestyle they might want to have, which can help them determine where to look.
For those looking for something quieter and away from the downtown chaos while staying on budget, the agent says Oshawa might be a great place to consider.
“A lot of people in Oshawa are moving on to Oshawa just because it’s a lot more affordable than the rest of the GTA. I think Oshawa is great for people that want to start a family or build a family in an affordable area, but also just want to be in a quiet area,” she said.
As a city with more land available, Oshawa also offers the opportunity for bigger spaces, including mostly detached homes and townhouses.
Although the city offers more affordable options than Toronto, for $500,000, Samuels explains it might mean closing on a smaller or older home. But with more development coming to the city, she says there might soon be more listings available.
“[A $500,000 budget] is definitely realistic, depending on a family, depending on how big your family sizes are, depending what you’re looking for,” she said.
“If you’re looking for a detached house, it’s not unrealistic, but the kind of house that you’re going to get is going to need a lot of work [or] is going to be pretty small.
For those who are just getting started on their search, here are some Oshawa listings under $500,000 to consider.
Read More
115 Banting Ave.
Listed for: $499,900
Type: Three-bedroom, one-bathroom house
For just under $500,000, buyers find this detached house in central Oshawa, which offers a great opportunity for first-time homebuyers trying to enter the market. This home promises character and style, while it’s ready for move-in without any major work required. Its first floor includes high ceilings, an open-concept living and dining area, and an updated kitchen with direct access to the backyard. Upstairs, it features three full bedrooms, a basement for extra storage, and a full four-piece bathroom. For more information about this property, visit the listing.
306–44 Bond St. W.
Listed for: $394,900
Type: One-bedroom plus den apartment
This unit is located in one of Oshawa’s most unique buildings, which offers larger layouts, high ceilings, large windows, city views, and a walkable spot in the city. In the apartment, residents will find a full bedroom with a large walk-in closet and an accessible ensuite bathroom with mobility-friendly layout, plus a versatile living space which could make a great home office or guest space. The open-concept kitchen includes quartz countertops, upgraded appliances, and modern finishes. For more information, head to the listing.
30–220 Ormond Dr.
Listed for: $459,900
Type: Three-bedroom, two-bathroom townhouse
This spacious and thoughtfully-designed home offers a functional layout and lots of versatility. In the first floor, residents will find an eat-in kitchen with stainless steel appliances, generous counter space and cabinetry, and an open-concept living room and entertainment area. The upper floor includes three generous bedrooms with built-in closets and a full four-piece bathroom, which is perfect for a small family. Visit the listing for more information.
2121–2550 Simcoe St. N.
Listed for: $375,000
Type: One-bedroom apartment
This unit is ideal for first-time home buyers, students, and those looking for a smaller space under $400,000. The bedroom is sun-filled with a great open concept layout, including a built-in wardrobe space. It also includes open-concept kitchen and eating space, in-unit washer and dryer, and a balcony space. The location puts residents close to all everyday amenities, from groceries to transit. Head to the listing for more.
33 Glenstal Path
Listed for: $499,900
Type: Three-bedroom, three-bathroom townhouse
For those looking for more space, this three-bedroom, three-bathroom townhouse features over 1600 Sqft. It was designed for functionality, putting the primary bedroom at its own private floor, offering a retreat within the home. At the lower floor, it features a recently-renovated kitchen, giving the home a modern and fresh feel, plus two other bedrooms and bathrooms for extra convenience. The home is located near several amenities, offering quick access to walking trails, colleges and universities, major retail and dining. For more on this property, head to the listing.
