If you’ve been thinking about buying a condo in Halton Region, it’s important to know what your budget can actually get you. In this Halton Region condo tour, you’ll see what $500,000 can buy right now in Oakville, Burlington, and Milton. Whether you’re a first-time buyer, downsizer, or considering an investment, clear examples like these help you set realistic expectations about layouts, amenities, and monthly costs.

Oakville Condo: 1+Den in Westmount

The first stop is Oakville’s Westmount neighbourhood. Here, a modern 1-bedroom plus den, 1-bathroom condo is available just under 660 square feet, including the balcony. The layout is open concept, featuring a linear kitchen with some hidden appliances, quartz countertops, and a deeper sink. The den offers just enough space for a small office or workstation—it’s not quite large enough for a full bedroom, but works for remote work or study.

The unit’s view faces a courtyard, so you don’t get a sweeping skyline. If privacy matters, blackout blinds are included. The bedroom fits a queen-size bed and two side tables, with a walk-in or at least a walk-in-worthy closet that two people could share. The balcony has enough room for a couple of chairs, giving you space for outdoor relaxation.

The building’s amenities set it apart: 24-hour concierge, pet spa, indoor pool, rain room, sauna, a gym, and a courtyard terrace for gatherings. You’re close to the GO station, Highway 407, QEW, and just a short drive to Bronte Village’s restaurants and shops. This combination of travel convenience and amenities is common in newer Oakville condos.

How Much Does It Cost to Own?

With a 10% down payment (about $51,000) and mortgage at 4.75% interest over 30 years, your monthly cost lands near $2,963. This includes maintenance fees (~$522/month) and required CMHC insurance since you’re putting less than 20% down. You’ll need around $10,200 for closing costs, covering land transfer tax, legal fees, and insurance. Comparable units in the building rent for around $2,200, so owning costs about $700–$800 more than renting. For some, the extra cost for ownership makes sense, especially if you want to build equity or settle in the area.

Burlington Condo: Open Layout and Sunset Views

Next, we look in Burlington at Ironstone condos. For $509,000, you get a 1-bedroom plus den with just under 650 square feet. The den is best used as an office or nursery. There’s also a practical two-piece powder room and in-suite laundry.

The kitchen is a standout with an island, quartz counters, stainless steel appliances, and full-size fridge. A double sink and plenty of storage add to functionality. The living room feels spacious and benefits from floor-to-ceiling windows. The condo is west-facing, so you’ll catch sunsets and views across to the escarpment. The balcony allows light into both the living room and bedroom, with shops, cafes, and restaurants close by—a five-minute walk covers many needs.

The bathroom here features a soaker tub and is larger than typical for this price point. Amenities include a gym, party room, games room with pool table, library, and concierge. Highway 407 is nearby, adding travel convenience.

Burlington Monthly Costs and Comparison

Using similar financing (10% down, $50,900), your all-in cost comes to about $2,898 a month, including taxes, maintenance fees, and CMHC insurance. Comparable rentals in the building are going for about $2,300 per month, so owning costs an extra $600 monthly. Each buyer has to weigh whether the premium for ownership is worth it based on their goals.

If you’re focused on Burlington market trends, you may want to read Burlington Real Estate Market July 2025: What Buyers and Sellers Need to Know for a more detailed market breakdown.

Milton Condo: Newer Build with Smart Features

In Milton, for just under $500,000, a newer 1+den, 1-bath unit gives you about 612 square feet, including balcony space. The den here is truly for a desk—using it as a bedroom isn’t practical. The kitchen is impressive, with quartz counters, custom cabinetry that optimizes storage, and brand-new stainless steel appliances. Wide vinyl plank flooring means no carpet throughout.

Smart home features let you control entry, lighting, and even see visitors from your phone. There’s no wow-factor view—balcony looks out over another building’s courtyard—but for many, the trade-off is value and newness. The bedroom features a spacious closet with sliding glass doors; customizing it could help maximize every inch. The living area is cozy, and natural light is limited due to building orientation.

Building amenities are solid: a fitness studio, co-working lounge, and rooftop terrace with fire pits and barbecue. If you need to commute, you’re 12 minutes from the Milton GO station. Closing costs are roughly $10,000, with a 10% down payment and the same 4.75% mortgage rate resulting in monthly payments around $2,920, including maintenance fees and CMHC. Property taxes are estimated at $1,300–$1,400 per year. Comparable rentals go for $2,000–$2,100 a month, so there’s about $900 monthly gap between renting and owning. You’ll need to decide if the extra cost for ownership fits your long-term plans.

For more market details and trends in this area, you can check out the Milton Ontario Real Estate: 4-Year Sales High But Prices Slide report.

Older Building Option in Georgetown

In nearby Georgetown (for context, still Halton Region), older condos offer much more space—about 950 square feet for a 1+den and one bath. The den here is actually enclosed and could work as a guest bedroom. Living areas are oversized with big windows, lots of natural light, and new flooring. The kitchen and some finishes are dated, but the unit is move-in ready and priced around $499,000. If space is more important than having modern upgrades, this style of condo might be worth considering.

Condo fees are higher ($680/month), but the total monthly cost (mortgage, condo fees, taxes) is around $3,200. You get one parking spot, a storage locker, and amenities like car wash, community barbecue, and exercise room. The location is on a quiet street near walking trails.

What to Consider With a $500K Halton Region Condo

• Budget realistically: Ownership costs are typically $600–$900 more per month than renting similar units. This covers principal, interest, taxes, maintenance, and insurance.
• Den size varies: In newer condos, dens rarely function as bedrooms; expect to use them as home offices.
• Amenities matter: Some buildings, especially in Oakville and Milton, offer extensive amenities. Older Georgetown condos have fewer amenities but much more space.
• Location trade-offs: Oakville and Burlington condos offer travel and lifestyle advantages. Milton offers newer features and tech at a lower entry price. Older buildings like those in Georgetown excel on square footage.

Common Questions About Buying a Condo in Halton Region

Is it cheaper to rent or own a condo in Halton Region?

At today’s rates, owning costs $600–$900 per month more than renting a similar unit. However, every payment builds equity, and your monthly cost is more predictable long term. Renting might make sense in the short term, but ownership has long-term financial advantages if you plan to stay put.

What closing costs should I expect?

For most of these condos, budget $10,000–$10,300 for land transfer taxes, legal fees, title insurance, and miscellaneous closing costs. If you make a down payment below 20%, expect to pay for CMHC insurance as part of your mortgage.

What layout trade-offs are there with $500K condos?

Newer buildings (Oakville, Burlington, Milton) have smaller dens, compact kitchens, and modern amenities. Older buildings (like the Georgetown example) give you far more living space, bigger bedrooms, and more storage, but often need some updates.

Your Next Move in Halton Region Real Estate

If you’re shopping for a $500K condo in Halton Region, know that layouts, finishes, and amenities can vary a lot between Oakville, Burlington, Milton, and even Georgetown. Take time to view a range of buildings and compare all-in monthly costs before deciding if buying makes sense for your situation.

You can explore more listings and details in the Halton Region real estate guide. If you want a clear, local perspective on the market, feel free to contact me or book a call for tailored advice. I work with buyers and sellers throughout Halton Region and the GTA, so you get grounded, local insights for your next move.

Key topics: halton region condo tour, oakville real estate, burlington real estate, milton real estate, first time home buyer, gta real estate