Clients often come to me wanting to know what type of home they can expect to buy for a given price range. To give you a better idea of your options, I've compiled a quick snapshot of what you can expect to buy in the $800,000-$900,000 range in Oakville. In the coming weeks, I will do similar snapshots at other price points.
I tried to take pictures of the types of homes you can see within the $800K-$900K price point. Obviously prices vary drastically home to home so the pictures above are simply shots of streets that typically have homes in this price point. Obviously prices vary drastically from home to home so please take the pictures with a grain of salt.
Bronte Creek: Starting in the high $800K's, you can get a 3000-3300 square foot 2 car garage, detached home with some upgrades (granite in kitchen, mostly hardwood, etc on a standard lot (not a ravine). You can also typically get a 3 bedroom bungalow townhome (with master bedroom on the main floor) or a 3 bedroom detached townhome (attached only at the garage) , both under 10 years old, both with high end finishes.
Lakeshore Woods/Bronte: The low to mid $800K's will buy you a roughly 3000 sqft detached home with 2 car garage that is less than 10 years old with some upgrades (granite, hardwood, etc), again on a standard lot. In the older part of Bronte close to the lake, you can get an upscale urban style townhome within walking distance to the water
Westoak Trails/Westmount: You can expect to buy a tastefully renovated detached home in the low-mid $800's that is roughly 15 years old, a newer home that is under 5 years old in the low $800's or a well appointed home on a premium or ravine lot starting in the mid to high $800's.
Glen Abbey: Here $800K-$900K can buy you a detached home less than 3000 sqft that is mostly upgraded and potentially on a premium ravine backing or oversized lot or a larger home (3000-4000 square feet) that has 4 or 5 bedrooms plus main floor office that has some updates (combination of kitchen, baths, floors, roof, windows but not all) but could use some updating to make it show home ready.
River Oaks: Anything over $800,000, will get you a premium lot and/or a home that has been extensively renovated. The exception to this is the area on the west side of Neyagawa where property prices are substantially higher. Expect less house and/or upgrades if you want to be on the west side of Neyagawa.
Glenorchy (also known as Woodland Trails): This area has new homes (less than 2 years old) with high end finishes suited to today's tastes in the high $800K's. This newness comes with the sacrifice of lot size and tree lined streets (both of which do not exist in this newly developed area).
Joshua Creek: This is the most expensive of the newer neighbourhoods in Oakville, you'll get a 4 bedroom, 2 car garage detached home that is typically under 3000sqft, with many but certainly not all high end finishes. Homes on quiet streets are coveted and will cost more than busier streets or homes with many contemporary high end finishes.
Southeast Oakville (Ford, Morrison, Central, Old Oakville): $800,000-$900,000 can buy a small home on a sized decent lot (most likely a contender for heavy remodel but not large enough for a tear down) , a smaller home that will require some renovation work but will always maintain a small footprint or a 4 bedroom home that is 30+ years old that has all the rooms most people want but on a small scale (small bedrooms, washrooms, closets, kitchens, etc).
Clearview: You can get a detached home that is roughly 25 years + with newer updates (kitchen, baths, roof, windows, etc). The homes here aren't as new as Joshua Creek, Lakeshore Woods or Bronte Woods but you have the benefit of being closer to Toronto with good highway access and within the coveted Oakville Trafalgar High School catchment area.