Most affordable home sold for nearly $520,000 under average price in Brampton last month

Real estate watchers have been predicting Brampton moving towards a buyer’s market – a hunch that may be coming true as the average home price dipped below the $1 million mark last month.

The average home price dipped to $984,544 in Brampton in August and is expected to keep dropping, according to real estate website Zoocasa, which says sales of semi-detached, townhouses, and condo townhouse units all saw month-over-month increases in August.

Of all the homes sold in Brampton last month the most affordable went for $465,000 – nearly $520,000 less than the city-wide average across all property types.

Here are five of the most affordable homes sold in Brampton last month:

20 Cherrytree Dr. – $539,000

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This over 1,500 square foot two-bedroom apartment features an eat-in, family-sized kitchen with upgraded quartz counters and backsplash, and a large open concept living room with a walkout balcony overlooking a putting green. The unit has a large dining room and a separate solarium with French doors and a large primary bedroom with separate shower tub.

The apartment comes with two side-by-side parking stalls and a storage locker while the building amenities include a pool, gym, sauna, tennis court, billiards room and squash court.

702 – 320 Mill St. South – $514,500

This two-bedroom plus solarium condo unit has around 1,300 square feet of living space with brand-new vinyl flooring throughout and an open concept living and dining room. The unit has large windows allowing for natural light and views of a nearby ravine, and the Toronto skyline.

The large eat-in kitchen features upgraded countertops, and the unit has two full washrooms with newly installed vanities and toilets.

1205 – 24 Hanover Rd. – $495,000

This home features a large open-concept living and dining room, two bedrooms with an oversized closet and a solarium that can be used as a home office, play room, sitting area or spare bedroom. The home is carpet-free with laminate flooring throughout, and the bathrooms have had recent renovations.

The unit also comes with a private storage space and one parking stall, while the building features an indoor swimming pool, hot tub, gym, sauna, tennis courts, party room, squash, and a picnic area.

1603 – 215 Queen St. West – $490,000

This two-bedroom, two-bathroom unit was billed as a “dream home” for investors or first-time buyers and features an open-concept layout with a combined living and dining room.

The unit has floor-to-ceiling windows and walk-out to balcony, a kitchen with stainless steel appliances and custom backsplash, and a master bedroom with a large walk-in closet.

317 – 8351 Mclaughlin Rd. – $465,000

Another two-bedroom, two-bathroom unit, this condo has new laminate flooring throughout, an open concept living area, and a solarium with wall-to-wall windows that can be used as a breakfast area, office or extra sleeping space.

The large main bedroom has a four-piece ensuite and a walk in closet, and the unit looks onto a ravine. Building amenities include guest suites, an indoor pool, library, billiards room and the gym.

For more listings like these visit www.zoocasa.com.