Are you tired of the outrageous housing prices in Canada’s major cities? Look no further than the east coast, where incredibly affordable homes are waiting for you.
According to the Canadian Real Estate Association (CREA), property prices in New Brunswick and Newfoundland cost about one-third of what they cost in Ontario and British Columbia, while in Nova Scotia and Prince Edward Island, you can expect to pay less than half of what you’d pay in the Toronto and Vancouver metro areas.
If you’re a first-time homebuyer looking to enter the housing market without breaking the bank, we’ve found 10 incredibly cheap homes for sale on Canada’s east coast for under $60,000!
Newfoundland: Architectural Gem in Harbour Grace for $39,900
Formerly an executive property overlooking Harbour Grace, only an hour from St. John’s, this 100-year-old home features a distinct roof design and some of the original touches, like hardwood flooring, rounded corners and light fixtures. At an impressive 2,170 square feet, the two-storey house boasts four bedrooms, two bathrooms and large windows. With a few restorations plus repairs to the roof, it can be restored to its former glory.
Newfoundland: Century Home With Ocean View in Bryant’s Cove for $42,000
Perfect for a small, outdoorsy family, this three-bedroom, two-storey home has an ocean view from every window, and is steps away from coastal walking/hiking trails. Located just over an hour from St. John’s, there have been some recent upgrades including main floor windows and exterior doors, but it could use some interior updates. The six-foot ceilings might be a deterrent for some, but they also happen to be part of the historic charm of this century-old property. It also includes an outdoor shed with ample storage.
Newfoundland: Three-Bedroom Family Home in Sunnyside for $55,000
Located on the shores of Trinity Bay, this waterside bungalow features three bedrooms, one bathroom and an unfinished basement that can be transformed into anything from an additional bedroom to a rec room. It’s a great starter home for a family with an open concept living/dining room area, beautiful flooring and large windows. It does require some work to the foundation and shingles, which is reflected in the price.
Nova Scotia: Restoration Project With Timeless Charm in River Hebert for $49,900
With a large corner double lot, there’s a lot to love about this property in the village of River Hebert, minutes from the Bay of Fundy and the Joggins Fossil Cliffs, a UNESCO World Heritage Site. The one-and-a-half storey home has four bedrooms, one bathroom and hardwood floors. It does need a lot of TLC, so it’s ideal for buyers who want to lovingly restore and renovate the house, recapturing its quaint charm.
Nova Scotia: Bay of Fundy Fixer-Upper in Freeport for $49,000
Located in a historic seaside village on the Bay of Fundy, this four-bedroom, one-bathroom century home is a dream home reno project. With a formal living room, family room and bedrooms with ocean views on the upper level, the 1,600-square-foot house would require a full restoration to bring it back to a livable state. The house sits on a 1.39 acre lot where you could plant a garden, add a pool or create an outdoor living space for the warmer months.
Nova Scotia: Three-Bedroom Starter Home in Brookfield for $59,000
This starter home in the heart of Nova Scotia is only 40 minutes from Halifax and 30 minutes from Stanfield International Airport. With a wrap-around porch, three large bedrooms, a large living room, spacious kitchen and a third level that could be transformed into a home office, it’s an affordable fixer-upper.
Prince Edward Island: Tiny Home Living in Summerside for $15,000
If minimalist living has been calling your name, this 128-square foot tiny home on wheels is available now in Summerside. It has high ceilings, laminate flooring, ample windows and a loft area. The interior is a blank canvas, waiting for someone to add their personal touches along with a kitchen and bathroom. Since it is mobile, the new owner has the option of finding a spot for it on Prince Edward Island or transporting it to the province of your choice.
Prince Edward Island: Quaint Bungalow With Potential in Primrose for $58,000
Ideal for a handyperson looking for a challenge, this one-bedroom, one-bathroom bungalow can be updated as a vacation home or as a year-round property. Originally built in 2016, it’s located in Kings County on Prince Edward Island’s eastern coast. Measuring 441 square feet, it includes a combination kitchen and living room area and laminate flooring, and is connected to a well water source, septic system, utility sewer and power.
New Brunswick: Four-Bedroom in Need of TLC in Havelock for $29,013
If you’re looking for a renovation project with tons of character, this may be the perfect property for you. Sitting on just under an acre, this house has four bedrooms, one bathroom, original hardwood floors, high ceilings, a unique roof and a large front porch. With some TLC, it could be brought back to life as a charming family home or a rental property.
New Brunswick: Blank Canvas to Make Your Own in Douglas Harbour for $39,900
Sitting on 1.28 acres, this 896-square-foot house on a high and dry lot is located close to lakes and snowmobile trails, making it an ideal location for outdoor enthusiasts. It’s less than an hour from Fredericton so it could be used as a vacation property or small family home. The interior is a blank canvas, so you can customize the layout for bedrooms, bathrooms and living spaces. Plus, the lot is already equipped with a well and septic tank.