Looking for a cheap home in Canada can be incredibly difficult, especially for young and first-time buyers.
With home prices always seeming to be hundreds of thousands of dollars over budget for many people, it can often seem impossible to own a home.
But, there is hope! There are actually plenty of homes for sale in Canada that are currently on the market for $250,000 or less, which is great if you’re looking for a cheaper place to live.
While you’ll struggle to find a home at this price in a big city like Toronto or Vancouver, you can find more affordable homes in smaller cities like Regina, Saint John, and Cape Breton.
And, some even have waterfront views and gorgeous modern interiors.
Nova Scotia Historic House
A view of the front yard and part of the ocean from the kitchen. Right: A white house with blue accents and a front yard.
Heidi Fraser | Engel & Völkers Nova Scotia Liverpool
Address: Little Harbour, NS
Description: Just fifteen minutes from fresh lobster straight from the people who caught it? Check. Beautiful historic design and original wood? Check. A small price? Check.
This Nova Scotia home is the perfect place to settle down and enjoy the beauty of the ocean.
Not only is it minutes from the water, but it’s very close to two wonderful little communities with all the amenities you need. And, in a pinch, it’s only a two-hour drive from Halifax.
Saskatchewan Beach House
The facade of the beige house with part of its patio. On the right: the views of the lake from the terrace of the house.
Jeff Markwich | Engel & Völkers Regina
Address: Saskatchewan Beach, Sask.
Description: Although the Prairies have no oceans, they do have their fair share of beautiful lakes that offer great views and great activities.
This home is just steps from the lakefront and promises a great opportunity to live the summer life you’ve always dreamed of.
And, if you don’t want to brave the lake, jump into the hot tub on the terrace instead!
As for the interior, the all-wood aesthetic gives it an incredibly cozy feel, even with its wide-opening concept.
Waterfront house in Saskatchewan
The house and its view of the lake from the front. Right: The view of the lake from the back of the house.
Address: 1321 Pearsall Place, Cochin, Sask.
Description: Again, what’s better than a view of the water? This lakeside spot in Saskatchewan is a great place to call home no matter the time of year.
In the summer you can swim, boat and have all the water-related fun you could want. And, in the winter, you’re only seconds away from your very own ice fishing ground.
Add to that a surprisingly updated interior and you have a very nice place to live!
The only catch is that this house is remote, with Saskatoon being nearly two hours away.
Modern three bedroom apartment in Nova Scotia
The facade of the historic old-fashioned house.
Tony White | Engel & Völkers Nova Scotia Yarmouth
Address: Wedgeport, NS
Description: Although no view of the water is possible at this location, it has an incredibly cute interior and courtyard. The modern house has three bedrooms, a bathroom and a shower room.
The welcoming interior has a bit of vintage charm with some more contemporary updates, such as new floors, electrical and plumbing work.
It’s also close to the community of Yarmouth, which probably has all the amenities you could need.
Four bedroom rural Ontario
The backyard, the back of the house and part of the neighborhood of the house.
Nathalie Vaillancourt | 21st century
Address: 53 Lorne Street, Cartier, ON
Description: This one is a real shocker. A house for this cheap in Ontario? And his this big?
The four bedroom home is located in the community of Cartier, approximately 45 minutes from Sudbury.
This means it offers all the joys of a secluded private home, while being just a short city getaway with all the amenities you could possibly need.
The house is a little dated inside, but it’s no small job and TLC couldn’t fix it.
The blue house at the top of the hill.
Sheila Deveau | Engel & Völkers Nova Scotia Chester
Address: Grosse Coques, N.S.
Description: Another Nova Scotian property is listed. This multi-story home features three bedrooms, two bathrooms, and stunning ocean views.
The home is also steps away from a nearby boardwalk to Belliveau’s Cove and close to the French language post-secondary school Université Sainte-Anne.
And, with the recently updated interior, there’s not a whole lot of extra work to do on it. Easy Easy!
Wedgeport Mini Mansion
An aerial view of the house and its property as well as nearby water.
John Armstrong | Engel & Völkers Nova Scotia Yarmouth
Address: Wedgeport, NS
Description: This modern five-bedroom home minutes from the ocean somehow costs just $250,000.
Such a nice place for this price is not often seen in Canada. It has an Ener Guide rating of 72, which means the whole house heats up wonderfully.
Also, a lot of furniture is negotiable to be included in the purchase.
The biggest catch is that the interior might be a bit twee for some tastes, but it’s something that can be easily changed and made to your liking.