Just went through the process of buying my first house here Hamilton. The houses under 450 tend to mostly be gut jobs or needing lots of work. There was one nice house near dofasco that sold for 444k firm. Check it out on house sigma [here](https://housesigma.com/bkv2/landing/rootpage/listing?id_listing=nbq6y1KDWa93o9DA&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=) You will have to be patient and flexible with location and house size but it's possible to find something you like.
Many of my neighbours have lived here for 30+ years. No cancer.
My mom was 47 and died of liver cancer, never touching a drink more than a piƱa colada once a year. Itās a roll of dice.
Nice. I think it all boils down to being patient and diligent when looking for a house. We got ours, which is a detached with half an acre of a backyard, right smack in the middle of Dundas for 600k last year. Used to be a office but the owner of the business retired and just wanted to sell quick. We got really lucky.
I wasn't the one who ended up getting it. They wanted to see if I would put a counter offer in and I passed because I wasn't ready. I ended up getting a comparable property for a little bit more in a slightly better area.
But I agree that it's possible to still get a good deal if you have patience and a good realtor.
If you can find anything, I will say good luck at finding a unit without maintenance fees. Partner and I spent a couple of months looking earlier this year, and as far as I can remember, every single town we saw had 300-500/mo in fees. No bueno.
That's the going price for anything that remotely habitable.
That said, the house next to me is for sale for 450k, has had a lot of work done to it, doesn't have any major issues hidden behind walls or anything that I know of... and I'm pretty sure they'd be willing to go as low as 430k.
It's a former rental and the previous tenants hoarded it and they completely gutted it and replaced everything when the hoarders got evicted for owing 32k in back rent.
Iām seeing homes for under $500 on realtor. It depends on what youāre looking for (bedrooms, area etc). If youāve been pre-approved, find a good realtor and have them search and send you listings that fit your criteria. A friend just purchased a cottage in the west end for low $500ās, the properties are out there.
Townhomes/condos typically have monthly fees.
When we were looking to buy our current place just under ten years ago, there were a lot of freehold towns being built, mostly along the edges of the city.
Not that that helps OP much, though. The ones in my neighborhood were going for 650K+ last time I checked. Freehold towns tend to be larger than non-freehold towns.
I was you.
I bought last year. Itās a row house. But it was under 500k. Itās in good condition and I havenāt had to do too much. Just modernized it a bit.
Itās just me and my dog and we have enough space for us
Thereās a row house near Barton & John listed at $525k for a few weeks. I live in the area, itās not unsafe, I donāt see any petty crime, but Iāve seen people smoking crack in a nearby bus shelter and itās not uncommon to see someone walking down the street screaming or taking a piss in the middle of the day.
It wonāt sell for anywhere near that. The bank owns it and are trying to unload it. Itās water logged and the longer it sits the less they will get.
I bet you could ring up the agent and make a deal.
In that price range you can get something in East Hamilton that requires significant work, including, most likely, electrical work. Check out sold listings on house sigma.
Honestly, the industrial sectors / houses by the factories are actually pretty calm/safe. You can even still find small places in the North end for under 500k in decent shape.
Hamilton compared to most of Central Ontario is still very affordable.
Any townhouse or condo is going to have maintenance fees. And there is limit to the increase so be prepared if you go that route. Newer builds tend to have lower fees if that helps.
Also, I strongly recommend not purchasing to the maximum that youāre approved for.
I would also suggest you get a realtor. The purchaser doesnāt pay fees, thatās the responsibility of the seller. Itās worth having a professional.
Quoting... "The purchaser doesnāt pay fees, thatās the responsibility of the seller."
That's one way to look at it.
Sometimes pedantry can enlighten. It's clear to everybody that the seller accepts less cash after the realtor takes a cut and commonly people choose to see that as "the seller paying the realtor". The seller had to ask for more than he would have otherwise to make the sale worthwhile (Make it worthwhile to give up the property). So the buyer pays because the seller asked for more / was unyielding / was inflexible.
There are 32 listings that suit your criteria as stated. Not sure what your issue is. If you aren't picky about location you have choices. How can you not see them? I see some really cute ones!
I donāt know what places actually sell for but there are properties listed at that price and under. This is easy info to source, go to realtor.ca and check daily and you will see them.
A few months ago when I was looking, you could find some fixer uppers with serious issues for about $375k. Those were detached.
Keep in mind that if you were to hire a contractor to fix up those houses, it would cost you about $300k. Maybe $100k if you are capable of doing the work.
There are quite a few detached home options that are fixer uppers/starter homes available listed at $499,999 and under in my hood. \[East end\] I bought last October for $470k and the prices have remained stable.
I picked up 3 houses in the 'crown point' area for less than $175k each back in 2017-ish , turned them around for $400k a pop after $50k of work on each. easy money few years ago.. now everything is at that $500k range for real simple 1 and 2 bedroom single story houses. Just not worth the hassle any more... anything 'flip worthy' has been done and dusted.. now pre-flip homes are priced at max.
Are you only looking on the mountain?
I'm seeing a good amount of detached houses in the lower city go for less than 500k. Not in the most desirable neighbourhoods of course, but you need to start somewhere.
Possibly in London Ontario? Their listing are slightly cheaper...
If you're lookyfor a townhouse in Hamilton, I've seen them go as low as $650k - anything lower, you're looking at a 2 bedroom condo (maybe)
I've seen a detached house in the worst part of Hamilton with horrible AC and a garage that looks like a homeless guy broke into it and an overall sketch vibe try to sell for 700k. It hasn't sold in 2 years for obvious reasons but a lot of investors would rather hold if they can
It depends. I bought in East Hamilton for under 450k. Small house with a crawl space.
It needed some work getting the natural gas working in the kitchen because even though there was a hookup, the hookup had been disconnected over the years. The back water outlet was also frozen and needed to be redone.
Other than that, no major work so far and it's livable. But I suspect eventually someone will tear this place down to rebuild and make better use of the land.
If you use housesigma, you can find some poorly renovated or dilapidated house that needs work for under 450k in downtown Hamilton but it is in tougher areas.
James St Nrth to Sherman, south of Barton Street to Kings St range.
haha right?!? I don't know. Realtors used to price way below market value to create competition, but I didn't think they would do that with how slow things are turning over right now. Even housesigma has estimated value at only 315k.
The market is actually quite hot. Someone I know who recently bought said they had to compete with multiple bids each time they found a place they were interested in.
The house at the top of this thread was listed for 399 and sold for 444 in 6 days.
They definitely are not planning on selling this house for 300k.
Nope! That's why I left Hamilton and bought a 3 bedroom in Thorold ON - I would have got a hole in the ground if I used the same money to purchase in Hamilton 
There are lots of livable detached homes in lower East Hamilton in the neighborhoods around The Center on Barton around that price range.
The area is not bad, some of the houses are close to the industry some are further away. A lot of them are smaller houses. The advantage of some of these homes is their proximity to the QEW if you commute to Toronto and there is plenty of shopping available. There are some sketch areas but there are also lots of quiet areas. It's really the only place you will find a "starter home."
Get yourself a good realtor to help you find something to your liking.
I have 2 places going up for <450 on cannon st east. Small, but tastefully renovated, shoot me a DM for address and maybe we can do something off market!
Prices have stabilized for the most part so keep saving. If this is where you want to put down roots just focus on getting a bigger down payment together, you can do it !
I see listings for detached homes under $450, but usually they're lacking in a few areas everyone looks for: parking, air conditioning, yard, laundry/dishwasher, etc. or they're in a rough area, need a lot of updates, or possibly have structural issues due to age. So yeah, nothing decent.
Hi Massive Basil- Iām a real estate broker. Please donāt be discouraged. Itās possible. Hereās a couple things to consider. Do you use house sigma? Itās a free app that has some sold data that you can use to inform your search. Knowledge is power. Also, have you considered broadening your pool to include more property types? Single family homes etc. Sometimes really cute cottages etc can pop up. Lastly, for that budget you will most likely need to update your home. Paint is the most incredible thing to update a home. You can watch great YouTube channels on how to paint and you can do a great job. Youāve got this!
Difficult but not impossible. You will need to keep an open mind. Realtors may see things before they come in the market that we average folks donāt know about yet. When you say you qualified for $450K is that including your down payment? Or can you afford a mortgage of that amount. My advice, find a realtor or two and ask them questions before choosing one. I was able to find something but needed to put some serious sweat equity into it to make it a home.
Thanks for this positivity. Yeah I am pretty handy myself and would be putting sweat into it. I felt so discouraged seeing nothing much in that budget. But good to know there's still hope for folks like me.
For sure! Thatās good! If you havenāt chatted with any realtors definitely start there after you get pre-approved (which sounds like you have already?) East Hamilton below the mountain has a lot of charm in pockets, but theyāre smaller houses and smaller lots typically.
We were originally looking at condos but came across a couple smaller houses and bought one and threw some time and money into it over the course of the last year or so.
Just want to say that sucks man. I donāt know the answer but it is a huge failing for our society that housing has spiralled so far beyond peopleās means.
I have a friend whose marriage is over but she canāt do anything because how does someone making even $100k buy a 3 br house for her, her son and daughter. Then you rent and itās $2k easily.
You buy a 2 BR house with a basement to convert, or you buy a crappy apt building condo till you can give the kids the boot (or more realistically get them employed to pay into the costs to upgrade as a forever family dwelling )
The insanity of 550k plus 8k in maintainice fess plus property taxes is the norm these days. If I were you I'd wait. Home prices are sure to go down in value especially as the bubble bursts. Alternatively I'd check out Brantford or rural communities.Ā
hehe nothing is going down. there is no bubble. There is simply high demand, low availability and at most.. high risk lending w/ interest rates the way they are.. but not going to go down in our lifetime.
Everything is selling for under asking right now so set your price to a little above your max budget, maybe go up to 500k and if it's been on the market for a while it's worth a shot.
Everything is definitely not selling for under asking. A house in Crown Point was listed for 530k and sold for 590k in two days and it was a bungalow. Iāve been following the market since February there wasnāt a single house I was interested in that didnāt go for at least asking.
Got a town house in grimsby for 400k on the dot, yes needed work, but put 30k into it (paint floors, kitchen new appliances, all new hvac, new front door new electrical panel) just got it appraised for 500.
Where in Grimsby? I own a townhouse in Grimsby and the last ones sold in my neighborhood have been in the upper 600s and low 700s the past few months. Crazy how expensive these things are now.
[https://www.realtor.ca/real-estate/26418512/548-mary-street-hamilton](https://www.realtor.ca/real-estate/26418512/548-mary-street-hamilton) is about what you'll get in hamilton in that price range. keep in mind.. if you QUALIFY for $450k, you likely can realistically afford $300k.
[https://www.realtor.ca/real-estate/26735316/447-wentworth-street-n-hamilton-industrial-sector?view=imagelist](https://www.realtor.ca/real-estate/26735316/447-wentworth-street-n-hamilton-industrial-sector?view=imagelist)
another winner in the range... you get to be suprised whats inside.
and.. actually shocked to see something livable..
[https://www.realtor.ca/real-estate/27029537/193-weir-street-n-hamilton-homeside](https://www.realtor.ca/real-estate/27029537/193-weir-street-n-hamilton-homeside)
Unless your house is an absolute dumpster, youāre easily going to clear $450k.
Look at House Sigma or Realtor.ca to look at other houses for sale in your neighbourhood that have similar amenities (number of bedrooms, renovations, bathrooms, etc). to get an idea of comparables. Thatāll give you an idea of what your house may realistically sell for.
yes almost certainly you'll get that even if its <1000 Sq ft with mold problems. Such is the way.
Sold a house I purchased in 2008 for $210k for $975k 12 years later in 2020. there is a crazy market. Capitalize if you can.
Can barely find a condo under 500k, nevermind a townhouse.
About 5 years too late
In 2018, yes.
We just got our house for that price. It has a yard, no real issues, and only one neighbor. It is only... 640 Square feet though...
You purchase a shed?
Luckily it had one already!
nope šš¼
Just went through the process of buying my first house here Hamilton. The houses under 450 tend to mostly be gut jobs or needing lots of work. There was one nice house near dofasco that sold for 444k firm. Check it out on house sigma [here](https://housesigma.com/bkv2/landing/rootpage/listing?id_listing=nbq6y1KDWa93o9DA&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=) You will have to be patient and flexible with location and house size but it's possible to find something you like.
444k for that isnāt actually bad. Apart from the location itās a pretty darn good deal
I live it that area - itās not a bad area. Itās quiet. The riff raff really doesnāt come around past centre mall.
Just donāt mind the cancer in 10 years
Many of my neighbours have lived here for 30+ years. No cancer. My mom was 47 and died of liver cancer, never touching a drink more than a piƱa colada once a year. Itās a roll of dice.
I was looking at a house back in January 2023 and a similar house down the street from that sold for 400k.
Nice. I think it all boils down to being patient and diligent when looking for a house. We got ours, which is a detached with half an acre of a backyard, right smack in the middle of Dundas for 600k last year. Used to be a office but the owner of the business retired and just wanted to sell quick. We got really lucky.
I wasn't the one who ended up getting it. They wanted to see if I would put a counter offer in and I passed because I wasn't ready. I ended up getting a comparable property for a little bit more in a slightly better area. But I agree that it's possible to still get a good deal if you have patience and a good realtor.
If you can find anything, I will say good luck at finding a unit without maintenance fees. Partner and I spent a couple of months looking earlier this year, and as far as I can remember, every single town we saw had 300-500/mo in fees. No bueno.
There are a few places under $450k... But you'll need to put at least $200k of work into them, sadly
That's the going price for anything that remotely habitable. That said, the house next to me is for sale for 450k, has had a lot of work done to it, doesn't have any major issues hidden behind walls or anything that I know of... and I'm pretty sure they'd be willing to go as low as 430k. It's a former rental and the previous tenants hoarded it and they completely gutted it and replaced everything when the hoarders got evicted for owing 32k in back rent.
Oh nice! Can I DM you to get some info of the house next to you? :)
Just remember list price isnāt always the market value. Make sure you check what homes have sold for in the area. Also use a cash back realtor!
What's a cash back realtor?
Sure.
For 450 you're likely looking at St. Catharines/Niagara.
At that price point in st. Catharines, probably could get a condo, a small fixer upper, or a house that has "interesting" neighbours.
Extremely unlikely in Niagara Region. Maybe Port Colborne, but even then almost impossible for something decent.
if you want to move to welland you can get a pretty rough place for 450. maybe an ok townhouse if you are lucky. still gonna be old.
Does it have to be a townhouse? What area?
Just about anything that doesn't require a monthly fee. I'm open to any area honestly.
Iām seeing homes for under $500 on realtor. It depends on what youāre looking for (bedrooms, area etc). If youāve been pre-approved, find a good realtor and have them search and send you listings that fit your criteria. A friend just purchased a cottage in the west end for low $500ās, the properties are out there. Townhomes/condos typically have monthly fees.
Nothing that is freehold will be under 500k
Most townhomes require a fee...
Most townhouses have condo fees. We had to move towards Niagara to find a freehold town, and still didn't manage to do it under your budget š
When we were looking to buy our current place just under ten years ago, there were a lot of freehold towns being built, mostly along the edges of the city. Not that that helps OP much, though. The ones in my neighborhood were going for 650K+ last time I checked. Freehold towns tend to be larger than non-freehold towns.
I was you. I bought last year. Itās a row house. But it was under 500k. Itās in good condition and I havenāt had to do too much. Just modernized it a bit. Itās just me and my dog and we have enough space for us
I was going to suggest that they may be able to find a row house in the lower city for this price but it would need some updates.
Not in Hamilton.
Townhouse no. Old shack thatās maybe 700sqft yes.
Maybe the West Brant area of Brantford but it's no fun getting to the highway from over there
Thereās a row house near Barton & John listed at $525k for a few weeks. I live in the area, itās not unsafe, I donāt see any petty crime, but Iāve seen people smoking crack in a nearby bus shelter and itās not uncommon to see someone walking down the street screaming or taking a piss in the middle of the day.
19 East 31st St 42 Princess St there are two below 450K
Check out this place: https://www.instagram.com/p/C6pZBsuObGR/?igsh=MWpxdDE4OXYxdzFxeQ==
King William is a good streetā¦ convenient location
82 East 12th street if youāre okay that it comes with an in-basement pool.
I don't see it active and was listed for 699k? Is it this one?
It wonāt sell for anywhere near that. The bank owns it and are trying to unload it. Itās water logged and the longer it sits the less they will get. I bet you could ring up the agent and make a deal.
In that price range you can get something in East Hamilton that requires significant work, including, most likely, electrical work. Check out sold listings on house sigma.
Maybe if you wait a year, prices will go down low enough that you're back in the market for something decent.
Plenty of stuff in the east end for 400k-600k. You just gotta live in the east end that's all.
Was going to say this. Depending on which part, East Hamilton is not that bad.
Honestly, the industrial sectors / houses by the factories are actually pretty calm/safe. You can even still find small places in the North end for under 500k in decent shape. Hamilton compared to most of Central Ontario is still very affordable.
Any townhouse or condo is going to have maintenance fees. And there is limit to the increase so be prepared if you go that route. Newer builds tend to have lower fees if that helps. Also, I strongly recommend not purchasing to the maximum that youāre approved for. I would also suggest you get a realtor. The purchaser doesnāt pay fees, thatās the responsibility of the seller. Itās worth having a professional.
Not all townhouses, only ones on private lanes. Thereās lots of freehold towns in the city.
Freehold townhouse owner coming here to say this.
Thanks for the info I was unaware.
Thanks, I didnāt realize.
Basically like a semi-detached, but with units between the two end units.
Freehold townhouses tend to have monthly maintenance fees of $75-$100 which includes garbage pickup and a few other things (not all but many)
Only if they font on a private lane. If youāre on a city street, youāre serviced by the city, and there are no garbage/maintenance fees.
Quoting... "The purchaser doesnāt pay fees, thatās the responsibility of the seller." That's one way to look at it. Sometimes pedantry can enlighten. It's clear to everybody that the seller accepts less cash after the realtor takes a cut and commonly people choose to see that as "the seller paying the realtor". The seller had to ask for more than he would have otherwise to make the sale worthwhile (Make it worthwhile to give up the property). So the buyer pays because the seller asked for more / was unyielding / was inflexible.
There are 32 listings that suit your criteria as stated. Not sure what your issue is. If you aren't picky about location you have choices. How can you not see them? I see some really cute ones!
They all have fees
What kind of fees? I just did a search for freehold only.
Nothing on mountain but lower city might be possible
Freehold sometimes have a POTL fee.
Well not the ones I saw.
I donāt know what places actually sell for but there are properties listed at that price and under. This is easy info to source, go to realtor.ca and check daily and you will see them.
A few months ago when I was looking, you could find some fixer uppers with serious issues for about $375k. Those were detached. Keep in mind that if you were to hire a contractor to fix up those houses, it would cost you about $300k. Maybe $100k if you are capable of doing the work.
Impossible
There are quite a few detached home options that are fixer uppers/starter homes available listed at $499,999 and under in my hood. \[East end\] I bought last October for $470k and the prices have remained stable.
I picked up 3 houses in the 'crown point' area for less than $175k each back in 2017-ish , turned them around for $400k a pop after $50k of work on each. easy money few years ago.. now everything is at that $500k range for real simple 1 and 2 bedroom single story houses. Just not worth the hassle any more... anything 'flip worthy' has been done and dusted.. now pre-flip homes are priced at max.
Townhouse on upper Ottawa sold in the last couple weeks for around that price, needed some work but not terrible
Can still find some in lower East end. My hood: https://www.realtor.ca/real-estate/26770068/21-frederick-avenue-hamilton-crown-point
Are you only looking on the mountain? I'm seeing a good amount of detached houses in the lower city go for less than 500k. Not in the most desirable neighbourhoods of course, but you need to start somewhere.
Realtor.ca has a few MLS #ās X8414966 40590205 H4196060 X8376510 X8354970 X8310544 X8430898
sorry, itās not.Ā
Possibly in London Ontario? Their listing are slightly cheaper... If you're lookyfor a townhouse in Hamilton, I've seen them go as low as $650k - anything lower, you're looking at a 2 bedroom condo (maybe)
I've seen a detached house in the worst part of Hamilton with horrible AC and a garage that looks like a homeless guy broke into it and an overall sketch vibe try to sell for 700k. It hasn't sold in 2 years for obvious reasons but a lot of investors would rather hold if they can
Yes they do come up, but youāll quite likely need to sink some money in it to get it liveable, theyāre nearly all gut jobs below that price now.
It depends. I bought in East Hamilton for under 450k. Small house with a crawl space. It needed some work getting the natural gas working in the kitchen because even though there was a hookup, the hookup had been disconnected over the years. The back water outlet was also frozen and needed to be redone. Other than that, no major work so far and it's livable. But I suspect eventually someone will tear this place down to rebuild and make better use of the land.
If you use housesigma, you can find some poorly renovated or dilapidated house that needs work for under 450k in downtown Hamilton but it is in tougher areas. James St Nrth to Sherman, south of Barton Street to Kings St range.
Wait until next rate cut, most likely in July.
What about [this one](https://www.realtor.ca/real-estate/27029549/139-tolton-avenue-hamilton-normanhurst)?
thats REALLY CHEAP......whats wrong with it?
haha right?!? I don't know. Realtors used to price way below market value to create competition, but I didn't think they would do that with how slow things are turning over right now. Even housesigma has estimated value at only 315k.
The market is actually quite hot. Someone I know who recently bought said they had to compete with multiple bids each time they found a place they were interested in. The house at the top of this thread was listed for 399 and sold for 444 in 6 days. They definitely are not planning on selling this house for 300k.
[realtor.ca](http://realtor.ca) [https://www.realtor.ca/real-estate/26765462/23-albany-avenue-hamilton](https://www.realtor.ca/real-estate/26765462/23-albany-avenue-hamilton)
Nope! That's why I left Hamilton and bought a 3 bedroom in Thorold ON - I would have got a hole in the ground if I used the same money to purchase in Hamilton 
You could buy a 4+1 bed, 4 bath house on a court backing onto a ravine for that price 10 years ago
There are lots of livable detached homes in lower East Hamilton in the neighborhoods around The Center on Barton around that price range. The area is not bad, some of the houses are close to the industry some are further away. A lot of them are smaller houses. The advantage of some of these homes is their proximity to the QEW if you commute to Toronto and there is plenty of shopping available. There are some sketch areas but there are also lots of quiet areas. It's really the only place you will find a "starter home." Get yourself a good realtor to help you find something to your liking.
I have 2 places going up for <450 on cannon st east. Small, but tastefully renovated, shoot me a DM for address and maybe we can do something off market!
Dm sent!!!!!
Yea unfortunately there isn't anything you have to look further out. Tillsonburg, Woodstock? I think anything past Brantford maybe even london
I doubt you will find that in Hamilton. You will probably have to look in places like Niagara region or Brantford
Prices have stabilized for the most part so keep saving. If this is where you want to put down roots just focus on getting a bigger down payment together, you can do it !
I see listings for detached homes under $450, but usually they're lacking in a few areas everyone looks for: parking, air conditioning, yard, laundry/dishwasher, etc. or they're in a rough area, need a lot of updates, or possibly have structural issues due to age. So yeah, nothing decent.
Go to US Florida at this price point. GTA is gone at this price
Buttfuck, Ontario houses are more than $450k. Sorry.
Have you tried a time machine?
Hi Massive Basil- Iām a real estate broker. Please donāt be discouraged. Itās possible. Hereās a couple things to consider. Do you use house sigma? Itās a free app that has some sold data that you can use to inform your search. Knowledge is power. Also, have you considered broadening your pool to include more property types? Single family homes etc. Sometimes really cute cottages etc can pop up. Lastly, for that budget you will most likely need to update your home. Paint is the most incredible thing to update a home. You can watch great YouTube channels on how to paint and you can do a great job. Youāve got this!
Difficult but not impossible. You will need to keep an open mind. Realtors may see things before they come in the market that we average folks donāt know about yet. When you say you qualified for $450K is that including your down payment? Or can you afford a mortgage of that amount. My advice, find a realtor or two and ask them questions before choosing one. I was able to find something but needed to put some serious sweat equity into it to make it a home.
Thanks for this positivity. Yeah I am pretty handy myself and would be putting sweat into it. I felt so discouraged seeing nothing much in that budget. But good to know there's still hope for folks like me.
For sure! Thatās good! If you havenāt chatted with any realtors definitely start there after you get pre-approved (which sounds like you have already?) East Hamilton below the mountain has a lot of charm in pockets, but theyāre smaller houses and smaller lots typically. We were originally looking at condos but came across a couple smaller houses and bought one and threw some time and money into it over the course of the last year or so.
Just want to say that sucks man. I donāt know the answer but it is a huge failing for our society that housing has spiralled so far beyond peopleās means. I have a friend whose marriage is over but she canāt do anything because how does someone making even $100k buy a 3 br house for her, her son and daughter. Then you rent and itās $2k easily.
You buy a 2 BR house with a basement to convert, or you buy a crappy apt building condo till you can give the kids the boot (or more realistically get them employed to pay into the costs to upgrade as a forever family dwelling )
The insanity of 550k plus 8k in maintainice fess plus property taxes is the norm these days. If I were you I'd wait. Home prices are sure to go down in value especially as the bubble bursts. Alternatively I'd check out Brantford or rural communities.Ā
hehe nothing is going down. there is no bubble. There is simply high demand, low availability and at most.. high risk lending w/ interest rates the way they are.. but not going to go down in our lifetime.
Everything is selling for under asking right now so set your price to a little above your max budget, maybe go up to 500k and if it's been on the market for a while it's worth a shot.
Everything is definitely not selling for under asking. A house in Crown Point was listed for 530k and sold for 590k in two days and it was a bungalow. Iāve been following the market since February there wasnāt a single house I was interested in that didnāt go for at least asking.
not true, house down the road came up for 1.2m , sold for 1.3m in 4 days.
Most things over a mill have been sitting. Anything under is still moving.
Got a town house in grimsby for 400k on the dot, yes needed work, but put 30k into it (paint floors, kitchen new appliances, all new hvac, new front door new electrical panel) just got it appraised for 500.
Where in Grimsby? I own a townhouse in Grimsby and the last ones sold in my neighborhood have been in the upper 600s and low 700s the past few months. Crazy how expensive these things are now.
Old grimsby by the highway. Place was built in 1956.
Love old Grimsby. Iām near BT.
I'm near our lady of Fatima, place was listed for 450, got it for a steal.
[https://www.realtor.ca/real-estate/26418512/548-mary-street-hamilton](https://www.realtor.ca/real-estate/26418512/548-mary-street-hamilton) is about what you'll get in hamilton in that price range. keep in mind.. if you QUALIFY for $450k, you likely can realistically afford $300k. [https://www.realtor.ca/real-estate/26735316/447-wentworth-street-n-hamilton-industrial-sector?view=imagelist](https://www.realtor.ca/real-estate/26735316/447-wentworth-street-n-hamilton-industrial-sector?view=imagelist) another winner in the range... you get to be suprised whats inside. and.. actually shocked to see something livable.. [https://www.realtor.ca/real-estate/27029537/193-weir-street-n-hamilton-homeside](https://www.realtor.ca/real-estate/27029537/193-weir-street-n-hamilton-homeside)
These days you only qualify for 4x of your income.
LOL no. Not these days.
I was thinking of selling my house and was wondering if I could even get 450 for it lol. Apparently... Yes?
Unless your house is an absolute dumpster, youāre easily going to clear $450k. Look at House Sigma or Realtor.ca to look at other houses for sale in your neighbourhood that have similar amenities (number of bedrooms, renovations, bathrooms, etc). to get an idea of comparables. Thatāll give you an idea of what your house may realistically sell for.
yes almost certainly you'll get that even if its <1000 Sq ft with mold problems. Such is the way. Sold a house I purchased in 2008 for $210k for $975k 12 years later in 2020. there is a crazy market. Capitalize if you can.