$700,000 can have you living like a prince or a pauper

Canadian real estate is a funny thing. In Moncton, $700,000 will buy you a castle. Here’s what it will buy elsewhere.

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From the April 2014 issue of the magazine.

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CastleIs there anything more mystifying than the cost of real estate across our great nation? Take Castle Manor (pictured here), a sprawling 19,000-sq-ft stronghold situated in Moncton, N.B. Recently listed at $699,000, this historic property’s sale has sparked national interest. Sure, the aging fortress may require some upgrades but as its agent boasts: “Amazing potential!” MoneySense scoured the rest of the country to see what other kinds of unique real estate deals potential homebuyers could purchase with a $700,000 budget.

vancouverVANCOUVER

$638,000

A shack: This “AS IS” property features boarded windows and“no access to house.” Some TLC needed.

TorontoTORONTO

$625,000

A vacant lot: Described as a “unique opportunity to build a new semi.” Sorry, architect not included with price.

MontrealQUEBEC

$670,000

Sheep Island: Located on the St. Lawrence River about 60 km from Montreal. Never worry about noisy neighbours.

Sources: MLS.ca, privateislandsonline.com

One comment on “$700,000 can have you living like a prince or a pauper

  1. Hi Folks – Come to Yellowknife where you can get a fine well-insulated house in a strong economic job market for a mere $500k, or to Mayne Island BC where a great retirement home can be had for $250k. Let’s look a little harder than the overpriced centres, and stay on the sunny side of life! in the best country in the world!

    Reply

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