45
 8,236

 What does $400K buy in your city?

I thought this might be fun to see how things differ across the country (and the US girls too!) So what does approximately $400k give or take a few thousand buy in your city or specific area in your city. I think 400k is kind of a good point to start, just under half a million and it seems like in most cities you can at least by something for this much.

In our current town Ajax ON, we could buy brand new to under 5 year old house that has 3 to 5 bedrooms, 3 to 4 baths, 2 car garage, a 50ish by 100ish lot and the house would be approximately 3000sq ft, plus most seem to have at least a partially finished basement.

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 4 May 2010 9:14 AM
 21 May 2008
 Oakville
Katosmama
Addict
2,662
You can seriously get a detached home in Ajax for that? I don't think you'd get more than a newer townhouse in Oakville, maybe 1500 sq ft. I've seen townhomes going for over $800k (not big, not executive, just a run of the mill 1800 sq ft townhouse) in Oakville.

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 4 May 2010 9:33 AM
 27 Apr 2006
CaperMom
Addict
2,572
Just did a search on MLS. For 400K in Newmarket you can get a newer 3 Bed 3 Bath detached w/ single garage or an older 4 Bed with double garage.

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 4 May 2010 10:00 AM
 2 Dec 2007
 Mississauga, On
kalua80
Postaholic
8,326
I'm in Montreal, Val-d'or in a month and Chicoutimi in 2 months

Montreal (nun's island) a nice modern condo


Val-d'or a big house (2 of the 5 most expensive)


Chicoutimi a big house


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 4 May 2010 10:38 AM
 14 Jul 2009
 Ottawa
BandAidChik
Postaholic
9,318
In the western suburbs and outskirts of Ottawa you can get a larger (3-4 bedroom house) either older that's been redone, or newer... More land as you move further out of town:





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 4 May 2010 10:42 AM
 9 May 2009
baby_toes
WB Addict
4,972
Band - I was in the last house that you posted. For something that is only 6 months old, it is in rough shape! Plus they are trying to claim that the hardwood and ceramic are upgrades when they came with the house as a standard feature.

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 4 May 2010 10:42 AM
 2 Nov 2009
 Fort McMurray Ab
destinygirl
Addict
4,704
You won't get much in fort mc..

trailer , duplex or maybe a condo





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 4 May 2010 11:11 AM
 24 Apr 2007
 Smalltown, AB
Irene_Neil
Addict
4,163
I live in rural Alberta. in the nearest town you can get a newer 3-4 bedroom house with 2 car garage and a decent sized lot. Or you can also buy antire quarter section of land with an older home with a developed/lanscaped yard including outbuildings.

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 4 May 2010 11:17 AM
 17 May 2005
 Vancouver, B. C.
dutchgal
WB Raving Lunatic
10,149
In Vancouver (Mt. Pleasant), 900 sq ft two bedroom condo in an older wood frame building.

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 4 May 2010 11:36 AM
 8 Jul 2007
 Sask
JennV
Devotee
2,288
And I thought the housing here was insane! Wow! This really makes me feel like we got a "steal" by paying $287000.00 for our brand new home here! Yeah its only 1400 sq feet, but it does have a single attached garage, 3 bedrooms, 3 bathrooms and the house is all on its own, not attached! Again WOW!

There is such a mixed variety for sale in our city right now. A large amount of the $400K homes are brand new as our city has 4 new areas being developed and I believe there are 2-3 more that will be starting up pretty soon. For what you can get, there is such a variety starting from 3-5 beds brand new to 5 beds and 1900 square feet for an older home. There are some swanky condos in the price range too, but most seem to be at least 1200 square feet and are fairly high end.

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 4 May 2010 12:41 PM
 13 Jul 2006
 GVA, wishing it was GTA
tjrocks
Empress of the Forum
30,378
Well, this is the neighborhood where I work (and wanted to live):
400k gets you 600 sq ft of apartment living:

link


And where I live, an hour drive away:

link



a 2000 sq ft townhouse...

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 4 May 2010 12:44 PM
 17 Mar 2006
dwbride1
WB Chatterbox
300
400k will get you a semi detached 1700 square foot home in woodbridge vaughan! YIKES

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 4 May 2010 12:47 PM
 9 Jan 2004
 Ottawa
krisis
Devotee
2,345
This is interesting since we just moved into our $400k house, In Orleans, the area we used to live (and wanted to stay) you could get a pretty typical three or four bed detached home. However, at $400k, it would likely have a small yard, and need some updates.

And the house we bought, in a little town about thirty minutes east of Orleans.



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 4 May 2010 12:59 PM
 29 Dec 2008
 Vancouver, BC
snowpea
WB Devotee
2,226
Where we live... it would buy a small 2 bedroom condo (about 3-4 years old)

I need to move... lol

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 4 May 2010 2:33 PM
 17 Apr 2009
kinny
WB Chatterbox
479
destinygirl - man that sucks!

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 4 May 2010 2:45 PM
 6 Feb 2008
nov16bride
WB Chatterbox
352
We baught a brand new house last summer in Stouffville, ON just a little outside of Markham. We paid $405,000 and ended up with 2500sq ft., double car garage, 4 beds, 4 baths. Lot is 40'x 100'.

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 4 May 2010 2:54 PM
 2 Nov 2009
 Fort McMurray Ab
destinygirl
Addict
4,704
yeah its a real kick in the behind smile i love my house dont get me wrong, just hate the $4000 a month mortgage payment! lol

i wish it was worth 5mil! i would sell sell sell rofl

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 4 May 2010 3:23 PM
 25 Aug 2006
 Calgary
JMaddy
Devotee
1,915
In Calgary (in general), 400K will get you....

-A nice apartment-style condo in the downtown (2 bed, 2 bath, view of the mountains, upper floor but not penthouse)

-A new, detached house in the extreme suburbs (3 bed, 2.5 bath, 2 storey with a backyard and attached double garage)

-In the area that I live in (just northwest of downtown, in a neighborhood full of yuppies), 400K will get you an untouched 800 square foot bungalow that was built in 1910, or an empty lot (assuming that lot has no downtown view, otherwise it's out of the price range).

There are deals to be found in Calgary, but you are definitely sacrificing something- you will be giving up square footage, or proximity to downtown/boutique-y areas. Your money goes even farther if you look just outside the city (Airdrie, for example)...and you're only 10 minutes from the Calgary outskirts.

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 4 May 2010 6:17 PM
 8 Aug 2003
 Nova Scotia, Canada
iceprincess467
WB Devotee
2,215
Here in Sydney, Nova Scotia I don't think you'd actually find alot in that price range, most would be under. I looked on MLS and here are a few that I found:

House 1
This place is nice- 4bed, 5bath-3600sq ft.

House 2 This place is over $400- it's $439,900-3bed/3 bath- 3200sq.ft

There is only 9 homes for sale in my area that are over $400...the rest are under!

I would say the average price a person pays would be about $150k (our place was $160k- 3 bed, 2 bath, 1.5 arces)

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 4 May 2010 6:47 PM
 25 Apr 2007
 Mount Albert, Ontario
Kaleena
Devotee
1,494
Our house is just north east of Newmarket, we bought it brand new for $370k after upgrades etc 3 years ago. We could sell for around $415 to $425 now.

Detached, lot is 50x150 and backs on to green space, 2150 sq feet, 3 bedrooms, 2 and 1/2 bath, two car garage.

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 4 May 2010 6:50 PM
 6 Oct 2008
 Leduc AB
MrsGarrington
Addict
2,772
We got out home at $389,000. 2400sqft, double attached garage, 50X150 lot (?), attached deck. 3 bed, 3 bath, teen room, etc.

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 4 May 2010 7:29 PM
 3 Nov 2005
 NS
Rinstah
Addict
4,943
We bought our home last year and paid $120K for it (we're near Sydney, NS too). Its 1000 sqft upstairs (2 bedrooms, kitchen, dining/living room combined, and 1 bath). The basement was about 75% finished and has the plumbing for another bathroom but its not in there. Our house is about 55 years old, but has all the original hardwood and its still in great shape. It also has newer windows, roof, furnace, well etc and we always say were in the poor area of the rich area (you drive 2 streets over and homes are 300K + . We also live down the street from the Elementary school in our area. Our downfall is that our back yard faces the highway, so we get a lot of wind/noise from there although we don't notice the noise at all.

A couple of streets over from us there's a 7 year old home for sale for 368K and it is 3300 sqft, 4 bdrms, 4 baths.

Our area is where lots of people want to live because its a nicer part of the city, and its still close to everything. In the last 5 - 8 years the cost of homes in our area has doubled, if not more.

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 4 May 2010 7:43 PM
 10 Feb 2004
 Russell (Ottawa area)
_April_
Postaholic
6,996
Not sure if this thread makes me feel better or worse. I'm one that still hasn't wrapped her head around these inflated house prices.

In our area (25 minutes south east of Ottawa) we were able to purchase a brand new 2240sqft, 4 bedroom, 3.5 bathroom home for $345,000.

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 4 May 2010 7:48 PM
 30 Jan 2007
 Lotusland
bat_grrl
Addict
3,523
Amazingly when I did the MLS search for our city there's actually houses on a decent lot for the 400K mark.

house in NorDel

mind you, I know the area and it's by the train tracks and rougher area.

now for where I used to live & grew up, there is NOTHING when I searched only for a house. tongue
there is condos...woo hoo 800 sq ft!
[url=[url=http://images.realtor.ca/listing/reb89/highres/3/v815513_1.jpg?PhotoId=634051244168300000][/url] ]burnaby condo[/url]
h [url=ttp://www.realtor.ca/PropertyDetails.aspx?vd=&SearchURL=%3fMode%3d0%26vs%3dResidential%26ret%3d300%26curPage%3dPropertySearch.aspx%26sts%3d0-0%26beds%3d0-0%26baths%3d0-0%26ci%3dburnaby%26pro%3d3%26mp%3d400000-425000-0%26mrt%3d0-0-4%26trt%3d2%26of%3d1%26ps%3d10%26o%3dA&Mode=0&PropertyID=9244504 ]details of condo[/url]

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 4 May 2010 8:07 PM
 12 Sep 2007
 Winnipeg, Manitoba
Mae
WB Postaholic
6,992
$400,000 will get you a brand new house in many areas of this city although you would likely have to put up with lots of construction.

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 31 Oct 2012 11:59 PM
 30 Apr 2012
 buzzle.ca
buzzle
New Member
0

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 4 May 2010 8:26 PM
 12 Mar 2006
 My house
FromTheRock
Postaholic
6,232
This is a house for sale in Embrun for $429,900.

http://listings.martels.ca/listingdetails.aspx?id=440794

And this one for $449,000.
$449,000

And for $392,275.
$392,275

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 4 May 2010 9:53 PM
 7 Jan 2002
 Winnipeg, MB
nikki_p_c
Postaholic
8,785
Winnipeg's pretty good I'd say.

For that price you should be able to get a brand new home in a brand new area or get a really nice/big place in an older area that is quite 'new' on the inside. Over 2000 sq ft and inside the city. i'm sure outside the city you'd have a bigger lot/acrage for that price!

Really for 250 to 300 in Wpg you can get 3 to 4 bedrooms with 2.5 to 3 baths, plus at least a single car garage and a 50 X 100 foot lot (most places).

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 4 May 2010 10:55 PM
 30 Jun 2007
 Victoria
Tropical777
Raving Lunatic
12,667
I couldn't find anything on MLS in my area for $400 000. The cheapest thing was a condo/townhouse (1420 sq ft, 3 br, 3 bath) that was $409 500.

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 5 May 2010 8:29 AM
 9 Jul 2008
miss_martini
Devotee
2,212
Where I am now, it will get you a 4 + bedroom detached house with a decent sized lots, maybe 2500 sq ft. Where I'm moving (Brooklin) you'd get a 3-4 bdrm with a small lot. We're building new for approx 450 and our place is 5 bdrm, 2900 sq ft with a 43x200 ft lot and that's a really good deal.

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 5 May 2010 11:27 AM
 5 Jan 2007
 Regina, SK
samadhi
Forum Addict
3,842
In Regina, we just bought an 1868 sq ft. two storey house for 450,000

unfinished basement, not landscaped, year old.

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 5 May 2010 11:46 AM
 9 Jul 2008
miss_martini
Devotee
2,212

Originally Posted By: ihavebabyfever
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 5 May 2010 1:57 PM
 1 Jan 2010
Lynne & Marc
Unregistered
0
In the Sudbury area you can get a pretty decent house for 400K: brand new detached, 2000+ sq ft, 4 bed, 3 bath, 2-3 car garage


http://www.mls.ca/propertyDetails.aspx?propertyId=9147808

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 5 May 2010 2:02 PM
 11 Feb 2008
Lotus_spring
Devotee
2,488
a tear-down
or a condo
or a house in a crummy neighbourhood.

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 5 May 2010 3:20 PM
 15 Dec 2006
RyanBo
Rookie
227
We just built our home outside of Wpg for approx $400,000. The lot is 2 acres, the house is a 2800 sq ft bungalow, 3 bedrooms. We haven't finished the basement, and the yard isn't done yet.

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 5 May 2010 6:26 PM
 4 Jul 2008
 Squamish, BC
auburnista
Devotee
1,386
In North Vancouver, $400,000 would buy you a brand new 1 bedroom apartment in a central location or a several year old 2 bedroom apartment in a not-so-central location. You can't get even the oldest/dumpiest house for less than $600,000. Seriously - hence the reason why we just moved out of the city to build our house.

In Squamish, you can buy a nice empty lot for $300,000 or an older home for about $600,000. New houses are upwards of $800,000. We're building ours for about $250,000 to $300,000, so will have a place worth about $800,000 that we only spent $550-600,000 on.

Just for comparison, my parents just bought a brand new two bedroom house in Yuma, Arizona for under $200,000. Ouch!

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 5 May 2010 6:50 PM
 29 Apr 2007
 The Nuthouse
Sidney
Raving Lunatic
13,034
A 2 bed condo.

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 5 May 2010 7:58 PM
 30 Apr 2006
Monkey_face
WB Devotee
1,656
How do you guys mortgage these places? over how long?

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 5 May 2010 8:04 PM
 2 Nov 2009
 Fort McMurray Ab
destinygirl
Addict
4,704
my mortgage is for 26 years

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 6 May 2010 1:55 PM
 13 Jul 2006
 GVA, wishing it was GTA
tjrocks
Empress of the Forum
30,378
It's not like Fort Mac here where most people earn high salaries. I think that's an anomaly.

Minimum wage is still $8, and most people I know that own, own modest condos/townhomes way in the 'burbs because no one can afford anything closer (those that own detached homes got them before the boom or are even further). Most people I know rent.

To give you an idea, in my line of work, salaries start at $500 a week, and top out around $55k, $60/70 if you lucked out and got in 10 years ago when they offered things like 'full time' and 'benefits'. Certainly not $4k a month for housing type salaries.

I have no idea who can afford the real estate in Vancouver.

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 6 May 2010 2:46 PM
 2 Nov 2009
 Fort McMurray Ab
destinygirl
Addict
4,704
Yeah fort mc is an exception to most places.

McDonald's pays anywhere from $15-18 an hour
if your a journeyman on site (working for an oil company) your salary is usually $100k+

We do ok, but from my wealthy lol

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 6 May 2010 7:54 PM
 7 Nov 2007
 Winnipeg, Manitoba
his.fallen.angel
Postaholic
9,112
In Winnipeg, the neighbourhood that I reside in, I could buy half a block rofl

Most of Winnipeg's 400k houses are brand new builds in new sub-divisions. Or you could buy a 1500-2000 square foot condo on the most high end street in town.

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 7 May 2010 8:06 PM
 21 Oct 2005
Cinderella
Addict
3,373
Not nearly enough! LOL...a new split entry, 3 or 4 little bedrooms, 3 baths...2000sqft.

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 10 May 2010 1:37 AM
 18 Jul 2005
 Lad.ner, BC
Bleuberry
Addict
3,071
Hmmm... fun (albeit depressing?) thread!

In my neck of the woods you can get a 1300 sq ft condo/townhouse with 2 bed/2baths. Not as bad as Vancouver proper (by ANY means), but still a little annoying.

OR you can get a COOL floating home for $429k! Cool! laugh
http://www.realtor.ca/propertyDetails.aspx?propertyId=9330671

... or for $435k you could get a little detached place in a 55+ community. tongueold

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 11 May 2010 8:50 AM
 3 Feb 2005
Mo_Mo
Postaholic
8,819
In my neighbourhood (Barrhaven, Ottawa), you can get a smaller detached home, single car garage, 3-4 bdr for just under 400K. The bigger singles, double garage, finished basement, go for around $450+. I live across from a neighbourhood of million dollar homes and one of DH's friends moved there last year from our neighbourhood. It's amazing what people my own age can afford!

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 12 May 2010 6:43 PM
 25 Nov 2007
Bridie79
Addict
3,809
A semi-detached, 1bath 2bed, smallest-house-on-the-street, total tear-down.

What's even more depressing (as a buyer) is that my neighbourhood seems to be completely immune to housing market crashes.

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 12 May 2010 9:42 PM
 14 Feb 2007
 North Delta, BC
SBee
Addict
3,887
There is nothing in my neighborhood right at the 400,000 mark...

316,000 gets you a 1300 sq ft 40 year old townhouse with single carport. 3 beds 2 baths. http://www.realtor.ca/propertyDetails.aspx?propertyId=9443406

459,000 gets you basically the exact same thing (same age, size, location, and look, also with the single carport) but freehold instead of strata. Tiny lot---4000 sq ft. http://www.realtor.ca/propertyDetails.aspx?propertyId=9438185

The only place in my neighborhood for sale right now that we'd ever seriously consider buying is probably this one: http://www.realtor.ca/propertyDetails.aspx?propertyId=9457333 and it's 660,000. We'd be compromising significantly on lot size on a place like that (it's only 5000 sq ft) and the kitchen is original to 1988. If we hopped in the car and drove 10-15 minutes East we could pay the same price and get a brand new house (questionable quality though) on a smaller lot or a 30-50 year old home in bad need of updating on a lot twice the size.

...and then 10-15 minutes West...I don't even want to get into that discussion!

Thx but I think I'll continue renting!

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 31 Oct 2012 11:59 PM
 30 Apr 2012
 buzzle.ca
buzzle
New Member
0

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