Sleeping Giants: Homes That Have Been on the Market for 30+ Days

Are you the kind of homebuyer who thinks there's always a hidden catch in houses that don't sell fast? If so, it’s time to move past that idea - there can be many valid reasons why a home isn’t selling as quickly as expected. For instance, in the past few years, the sluggish housing market has caused homes for sale in Ontario to sit on the market for a long time. From January to June 2024, the number of homes sitting on the market for over 30 days rose by around 40%. Apart from this factor, it’s possible the seller might have accepted an offer at some point, but due to some issues, the deal fell through, and the house was listed again.

So, just because a home has been sitting on the market for a long time doesn’t mean you should turn a blind eye to it. In fact, since the home has been listed for quite a while, the seller might be desperate to sell, giving you the chance to score a great deal.

Below, you’ll find the top 10 properties that have been active on the market for over 30 days. Who knows, one of these could be the dream home you’ve been looking for!

• 519 - 3883 Quartz Road

Location - Mississauga, City Centre

Listed for - $600,000

The first property on our list is this stunning 1-bedroom condo with a den, 2 bathrooms and a parking space nested in the iconic 60-storey M2 condos. The open-concept design of this condo unit makes the area feel extra spacious and flows out to a full-sized balcony. Each and every room of this condo is filled with natural light, thanks to the 9-foot ceilings and floor-to-ceiling windows. The condo building offers a host of amazing amenities to its residents such as a fitness centre, yoga space, steam room, a rooftop pool overlooking the beautiful M Park below, and outdoor BBQs.

• 3144 Wheatstone Avenue

Location - Mississauga, Cooksville

Listed for - $999,999

This two-storey house has 3 bedrooms, 2 dens, a spacious main kitchen, a built-in garage that fits one car, and extra parking space for two more vehicles. The legal basement apartment is what makes this semi-detached home even more appealing. Homeowners can earn some extra income by renting out this basement, or they can make it a part of their living space. Located near the intersection of Hillcrest and Mavis, you can easily reach the TD Bank, Mississauga Flea Market, and Real Canadian Superstore from this property.

• 35 Lawndale Crescent

Location - Brampton, Westgate

Listed for - $859,999

This 2-storey semi-detached home comes with a total of 8 rooms, including 4 spacious bedrooms and 3 stylish bathrooms. The kitchen of this house has been recently renovated and features a breakfast bar and all the essential appliances you need such as a fridge and stove. The property includes a private driveway that can fit four cars, plus a built-in garage. Conveniently located near Williams Parkway, Highway 410, Bramalea City Centre and Trinity Commons, this property truly could be a “steal deal” for you.

• 1288 Klondike Road

Location - Ottawa, South March

Listed for - $899,900

In case you’re searching for a home in a great school district, you should definitely check out this 4-bedroom and 4-bathroom detached property. Apart from its excellent school rating, this home stands out among the rest because of its spacious layout and a host of desirable features. The property has a living room with a charming fireplace, a kitchen with a stylish island and breakfast area, and the master bedroom comes with a walk-through closet and a luxurious 5-piece bathroom.

• Langdale Crescent

Location - Brampton, Fletcher's West

Listed for - $849,999

Conveniently located in an area near essential amenities, this charming two-story townhouse comes with 3 spacious bedrooms. The master suite has a beautiful four-piece ensuite with a relaxing whirlpool tub. You'll love the upgraded main kitchen in this house, complete with sleek stainless-steel appliances, perfect for all your cooking needs.  This home also includes two full washrooms plus one powder room, garage space, a private driveway for two cars, and a finished basement.

• 323 Kipling Avenue

Location - Toronto, TWNT - New Toronto

Listed for - $899,000

Located just 20 minutes from downtown and minutes from the waterfront area, this 2-bedroom, 3-bathroom detached home has brand-new energy-efficient triple-pane windows and the whole place has been professionally painted. On the main floor, there's a custom kitchen with top-of-the-line stainless steel appliances, including a 5-burner gas stove and quartz countertops. Other features that make this property truly appealing are the finished basement, a big private deck off the master bedroom, an open-concept living room with beautiful hardwood floors, and a fenced backyard.

• 306 - 3095 Cawthra Road

Location - Mississauga, Applewood

Listed for - $629,900

This top-floor corner condo unit is conveniently located near public transit, the GO station, highways, stores, and top schools. The property has a total of 6 rooms, including 2 bedrooms plus a den, an updated kitchen, and a bathroom. The living room boasts a generous size of 1,188 square feet and includes a large 75-inch TV.

• 1203 - 3590 Kaneff Crescent

Location - Mississauga, 0230 - Mississauga Valley

Listed for - $545,000

Once you walk into this charming condo located on Kaneff Street, you’ll be greeted by a large living area with a cozy fireplace. The well-designed kitchen on the main level is perfect for cooking tasty meals and enjoying memorable times with your loved ones. This 3-bedroom, 2-bathroom property has a range of impressive amenities such as a party room, billiards room, ping pong room, gym, tennis courts, children’s toy room, and an indoor swimming pool.

• 8A - 50 Howe Drive

Location - Kitchener

Listed for - $599,900

The next property still sitting on the market waiting for the right buyer is this 3-bedroom, 2-bathroom, condo townhouse property. This house features over 1,500 sq. ft of space, giving you plenty of room to relax and entertain. The entire house has been recently updated with new flooring, stylish light fixtures, and renovated bathrooms featuring new sinks, toilets, showers, marble flooring, and fresh paint.

• 709 - 8 Silver Bell Grove

Location - Toronto, TEMA - Malvern

Listed for - $574,500

Featuring 3 bedrooms, a handy extra room and 2 full bathrooms, this corner condo unit is located in Toronto’s vibrant neighbourhood, TEMA - Malvern. The open living space of this condo can be great for hosting get-togethers with your family and friends. There’s a garage spot included in the condo unit so parking is one less thing you’ll have to worry about.  Best of all, this condo is just a short 5-minute trip to Highway 401 hence you’ll have schools, parks, shopping, and public transit all close by.

A Missed Opportunity for Others, a Dream Home for You

Be it because of their prime locations, excellent amenities, or upgraded features, each of the above properties is worth your attention. So, like other buyers, don’t let these opportunities pass you by – make one of these properties yours if it feels like the perfect fit for you. Just make sure to do your due diligence before you seal the deal on a property that has been sitting on the market for a long time. This includes looking into why the house is still on the market, so you might have some negotiation power, and adding inspection contingencies to protect yourself.