From multicultural spots to easy access to several amenities, Brampton is an attractive spot for buyers for a series of reasons, and in this buyer’s market, you can find some spacious properties in the city for a friendly budget.
With most homes now being sold below asking price recently, buyers finally have an opportunity to negotiate prices and closing conditions.
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According to King Realty Co.’s agent Felicia Jones, especially if compared to the busy 2021–2022 market, buyers right now have a great chance to find some great properties in GTA cities such as Brampton with a $500,000 budget.
Although this budget might not get them an impressively large space, it makes it possible for many first-time buyers or investors to get their foot in the door.
“Just right now there’s in terms of condo apartments, town-stacked condos, there’s almost 150 options right now between $285,000 and $500,000 on the dot, and that ranges from one to four-bedroom [apartments] and one to three bathrooms,” Jones told Now Toronto.
“It all depends on what that person is looking for…But as a person that’s just looking to get into the market or to move out of their family home, it’s a very cheap entry price point to pay compared to other cities.”
The city has a lot more to offer than just a cheaper price point. Jones, who is a Brampton resident herself, explains that the city is a one-stop-shop for essentials and entertainment, from grocery stores to shopping centres.
In addition, the city is also a multicultural hub for groceries and food spots, making it easy to find your favourite cultural bites.
“I’m Jamaican, and I can go and find restaurants or groceries that my Jamaican side [of the family] would cook. I can find Italian bakeries. There’s lots of Guyanese and Trini food and Indian food and all of those things. So I think that it just has a lot to offer for so many people,” she explained.
The realtor explains that whether it’s a good time to buy might depend on what the buyers’ budget and intentions are in the current market, but she encourages those who are ready to take a look at what’s out there and consider the opportunities.
“There is no one-size-fits-all. I think that there are a lot of contributing factors and moving parts. But if you have the funds, if you have the means, if you have the employment to support going out on your own or…with a partner [or] friend, then the numbers add up. It’s a great time to buy,” she added.
For those who are exploring Brampton, here are some properties to get you started.
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7 Town House Crescent
Listed for: $488,000
Type: Townhouse with three bedrooms and two bathrooms
If you are looking for a townhouse under a $500,000 budget, Brampton’s got it! This property features three spacious bedrooms, an open-concept living and dining area, and plenty of ample spaces for relaxing and entertaining. Residents also get their own private backyard for even more entertainment opportunities, and a finished basement for some additional storage or for a home office or recreation room. For more on this property, visit the listing.
1705–26 Hanover Rd.
Listed for: $494,800
Type: Penthouse with two bedrooms plus den, and two bathrooms
Another great opportunity for those who are looking for a bit more space, this 17th floor, 1,000-Sqft. corner penthouse offers more than great views. Besides unobstructed West-facing skyline views, this property is ready to move in, having been updated last year, with new quartz countertops, refreshed cabinets, modern bathroom vanities and refreshed cabinets. The building promises to be one of the best maintained near Bramalea City Centre, offering great amenities, from tennis courts to an outdoor pool. For more on this property, head to the listing.
2113–6 Dayspring Circle
Listed for: $475,000
Type: Townhouse with two bedrooms plus den, and two bathrooms
This listing promises to be a great opportunity for any first-time homebuyers, seniors and real estate investors, offering 900 Sqft. of space under $480,000. This townhouse features an open-concept layout for better convenience and natural light, including an updated kitchen, two bedrooms and a versatile den that can make for a perfect home office or even a third bedroom. The unit comes with two separate entrances that are ideal for pet owners and a practical lifestyle. For more on this home, visit the listing.
611–215 Veterans
Listed for: $389,000
Type: One bedroom, plus den apartment
For those looking for something a bit smaller, this one bedroom plus den unit might be just it. This apartment promises style and functionality, with high smooth ceilings, a sleek kitchen with designer backsplash and stainless steel appliances, and a versatile den. The building also features a great amenities selection, including a games room, Wi-Fi lounge, fitness center, and more. The location is also perfectly convenient, with a just three-minute drive to the Mount Pleasant GO Station, and walking distance to grocery stores, parks, and essential services. For more on this property, head to the listing.
405–1 Belvedere Court
Listed for: $479,999
Type: Two bedroom, two bathroom apartment
This might be an apartment unit, but it still promises plenty of space and natural light. With 1,000 Sqft., the unit includes two generously sized bedrooms, and two full bathrooms for added comfort, plus an additional 280-plus Sqft. of private terrace space, ideal for entertaining and relaxing. The unit also features hardwood floors and tile throughout for a sleek look and feel. The building is also conveniently located steps from the Brampton GO station, Rose Theatre, local restaurants, and more. For more information, check out the listing.
