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Homes For Sale in the GTA, Price under $500,000

We know that homes in the GTA are expensive, I’ve searched the MLS system for affordable homes in the GTA (WEST). These are listed right now under $500,000. These homes should be considered by the first-time homebuyer. Include are Condos, Townhomes, Semi-Detached and Detached Homes in Toronto, Mississauga, Hamilton, Oakville, Burlington, Georgetown & Milton

There is never a bad time to get into Real Estate. Are you waiting for the market to drop?.. This may not happen, prices have been climbing for the past 20 years and there’s no signs of stop..

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For sale $490,000
House For Sale in toronto, #3522 -2031 KENNEDY RD

#3522 -2031 Kennedy Rd

Toronto, Ontario

1 Bedroom 1 Bathroom
Experience The Height Of Opulence At K Square Condos In North Scarborough, A Spotless, Unoccupied Flat. This One-bedroom , One-bathroom Apartment Has 10-foot Ceilings, Laminate Flooring Throughout, And An Atmosphere That Is Light, Airy, And Open Concept. Enjoy Breath-taking Views From Your Balcony. Take Advantage Of The Close Proximity To Scarborough Town Centre, Agincourt Mall, Restaurants, Libraries, Schools (U Of T Scarborough, Centennial, And Seneca College), And More. Simple Transport With Access To Go Train And Ttc. There Is $75-$95 A Month For Secure647surface Parking Across The Street At 2075 Kennedy Road. It's The Ideal Toronto Suite For Both Students And Professionals!**** EXTRAS **** Stove, Fridge, Locker, Washer Dryer, Dishwasher (id:51158)
Homes for sale in Toronto
For sale $409,999
House For Sale in toronto, #317 -2240 LAKE SHORE BLVD W

#317 -2240 Lake Shore Blvd W

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to your urban oasis in the heart of Mimico! This bachelor condominium boasts a thoughtfully designed space with distinct areas for the kitchen, laundry, a separated sleeping room, and a charming balcony. The layout offers both functionality and style, catering to the needs of a couple or a young professional. Nestled in one of Toronto's most desirable neighbourhoods, this residence provides the perfect blend of convenience and comfort. Offer plenty of amenities: Concierge, Exercise Room, Gym, Indoor Pool, 3 Party Room, Meeting Room, Rooftop Deck/Garden, Sauna, Jacuzzi, Play Room, Theatre. Don't miss the opportunity to call this sought-after area home! DishwasherAs-Is**** EXTRAS **** Stainless Steel Stove, Stainless Steel Dishwasher as it, Stainless Steel Fridge, Washing Machine and Dryer, All Light Fixtures. (id:51158)
Homes for sale in Toronto
For sale $409,999
House For Sale in toronto, 2240 LAKE SHORE Boulevard W Unit# 317

2240 Lake Shore Boulevard W Unit# 317

Toronto, Ontario

1 Bathroom 494
Welcome to your urban oasis in the heart of Mimico! This bachelor condominium boasts a thoughtfully designed space with distinct areas for the kitchen, laundry, a separated sleeping room, and a charming balcony. The layout offers both functionality and style, catering to the needs of a couple or a young professional. Nestled in one of Toronto's most desirable neighbourhoods, this residence provides the perfect blend of convenience and comfort. Offer plenty of amenities: Concierge, Exercise Room, Gym, Indoor Pool, 3 Party Room, Meeting Room, Rooftop Deck/Garden, Sauna, Jacuzzi, Play Room, Theatre. Don't miss the opportunity to call this sought-after area home! Dishwasher As-Is (id:51158)
Homes for sale in Toronto
For sale $499,800
House For Sale in toronto, #214 -128 FAIRVIEW MALL DR

#214 -128 Fairview Mall Dr

Toronto, Ontario

1 Bedroom 1 Bathroom
Beautifully Designed Unit At An Excellent Location. Don Mills Subway Station, T&T And Fairview Mall At Your Doorstep! Dvp/401/404/Seneca College. Great Functional Layout For This Beautiful One Bedroom Suite Boasting A Larger Balcony With Unobstructed Views. Modern Open Concept Living Room, Laminate Floors, Quartz Countertops. One Large Parking And Locker On The Same Floor. Clear inner garden view.**** EXTRAS **** Prime Location Right Across Fairview Mall. 9Ft Ceiling. Great View. Open Balcony. Modern KitchenWith Stainless Steel Appliances. Laminate Flooring Through Out. Minutes To Hwy 404. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in hamilton, #1001 -212 KING WILLIAM ST

#1001 -212 King William St

Hamilton, Ontario

2 Bedroom 2 Bathroom
Facing the Hamilton's Iconic Lakeview, 2 Bedroom, 2 Bathroom Suite Located at Kiwi Condos in Downtown Hamilton. Soaker Tub in 4Pc Bathroom; Individually Controlled HVAC System. Open concept and thoughtfully designed kitchen with modern Quartz countertop, S/S appliances and ample cabinet space. Located in the heart of Hamilton's King William district walking distance to ample restaurants, Hamilton GO Centre, entertainment and more. (id:51158)
Homes for sale in Hamilton
For sale $440,000
House For Sale in toronto, #1008 -78 TECUMSETH ST

#1008 -78 Tecumseth St

Toronto, Ontario

1 Bathroom
The property is being sold as is. the seller doesn't warrant anything. Cozy studio apartment near King and Bathurst intersection. (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $459,990
House For Sale in hamilton, 165 Limeridge Road W|Unit #3

165 Limeridge Road W, Unit #3

Hamilton, Ontario

2 Bedroom 1 Bathroom 800 sqft
Welcome Home - this charming and well maintained 2 story townhouse is the perfect property for first time home buyers, investors, or those looking to downsize. The main floor features a sun drenched living room and eat in kitchen with generous cupboard space and stainless steel appliances.Make your way upstairs and you'll find two good sized bedrooms with ample closet space and 1 spacious 4 piece bathroom. The finished lower level offers a lot of flexibility to be used as a family room, third bedroom, home office, or gym. Come see what this property has to offer as it wont last long. (id:51158)
Homes for sale in Hamilton
For sale OPEN HOUSE $459,990
House For Sale in hamilton, #3 -165 LIMERIDGE RD W

#3 -165 Limeridge Rd W

Hamilton, Ontario

2 Bedroom 1 Bathroom
Welcome Home - this charming and well maintained 2 story townhouse is the perfect property for first time home buyers, investors, or those looking to downsize. The main floor features a sun drenched living room and eat in kitchen with generous cupboard space and stainless steel appliances. Make your way upstairs and you'll find two good sized bedrooms with ample closet space and 1 spacious 4piece bathroom. The finished lower level offers a lot of flexibility to be used as a family room, third bedroom, home office, or gym. RSA (id:51158)
Homes for sale in Hamilton
For sale $419,900
House For Sale in hamilton, #302 -400 YORK BLVD

#302 -400 York Blvd

Hamilton, Ontario

1 Bedroom 1 Bathroom
Bright & Spacious One Bedroom Condo In Prime Location Of Hamilton, Just Off 403/QEW, With 727 Sqft Of Comfortable Living Space! Tons Of Natural Lighting, High Ceilings, Open Concept Layout, Carpet Free With Wide Plank Laminate Flooring, In-Suite Laundry With Ample Storage, Spacious Bathroom. Secure Underground Parking , Ample Visitor Parking Close To Building. Located In The Beautiful Strathcoma Neighborhoodjust With Steps From Dundurn Castle, Bayfront Park, De La Sol Yoga, Jackson Square, Royal Botanical Gardens & Easy Access To Downtown Hamilton.**** EXTRAS **** Fridge, Stove, Dishwasher, Over The Range Microwave, Washer, Dryer, All Light Fixtures & Window Coverings (id:51158)
Homes for sale in Hamilton
For sale $499,369
House For Sale in toronto, #2032 -100 MORNELLE CRT

#2032 -100 Mornelle Crt

Toronto, Ontario

3 Bedroom 2 Bathroom
Welcome to This Spacious Condo Townhouse In Scarborough. Unit Has 2 Bedrooms and a Den (Can be Used As 3rd Bedroom, Office space or Extra Storage) Features Ensuite Laundry, Granite Kitchen Countertop, Pot Lights, W/O To Balcony. Enjoy Proximity to Great Landmarks Like Centennial Collage, U Of T, PanAm Centre, Centenary Hospital. Close to Parks, Trails, Grocery, Shopping, Hwy 401 & More**** EXTRAS **** Fridge, Stove, Dishwasher, Washer And Dryer, All Electrical Light-Fixtures, All Window Coverings. (id:51158)
Homes for sale in Toronto
For sale $448,000
House For Sale in toronto, #808 -3 MASSEY SQ

#808 -3 Massey Sq

Toronto, Ontario

1 Bedroom 1 Bathroom
Amazing Location! Beautiful Spacious 1Br/ 1Bath Condo Close To Victoria Park Subway Station. Wood Floors Living & Dining, Broadloom Br. Freshly painted. Close To Downtown And Many Amenities- School,Shopping,Parks Etc. On Site Gym, Pool And Recreation Centre Etc. Maint.Fee Include Heat/Hydro/Water/Cable Tv. A Must See!!! (id:51158)
Homes for sale in Toronto
For sale $374,900
House For Sale in toronto, #214 -800 KENNEDY RD

#214 -800 Kennedy Rd

Toronto, Ontario

2 Bedroom 1 Bathroom
LOCATION, LOCATION, LOCATION. Welcome to a cozy and inviting 2 bedroom, 1 bathroom co-op apartment nestled in a charming community. This well-designed living space offers comfort, functionality, and a sense of warmth from the moment you step inside. Upon entering, you are greeted by an inviting living area, perfect for relaxing after a long day. Natural light floods through large windows. The kitchen, thoughtfully laid out, making meal preparation a breeze. The master bedroom provides a spacious sanctuary with a large window. The 2nd bedroom is perfect for accommodating guests or use as a home office. Located in a desirable neighborhood, it offers the perfect blend of comfort, convenience, and community. Experience the joys of cooperative living in this charming abode, where every day feels like coming home. And HOME is where the heart is!**** EXTRAS **** This apartment also offers, amenities, including laundry facilities and ample locker storage space, for practicality and convenience for its residents. You have an exclusive parking. Maintenance included all amenities, TV and Internet. (id:51158)
Homes for sale in Toronto

Homes For Sale in the GTA, Price under $500,000: Your Ultimate Guide

Searching for an affordable home in the Greater Toronto Area (GTA) can be quite a challenge. With soaring real estate prices, it’s crucial to find options that fit your budget. In this detailed guide, we will take you through the process of finding Homes For Sale in the GTA, Price under $500,000. Whether you’re a first-time buyer, an investor, or simply looking for a new place to call home, this article is your go-to resource.

Let’s dive into the GTA’s real estate market and explore the opportunities that await.

Exploring the GTA

The GTA, short for the Greater Toronto Area, encompasses not only Toronto but also several surrounding cities and regions, making it one of the most populous and diverse metropolitan areas in Canada. It’s known for its vibrant culture, strong job market, and excellent quality of life.

Why Choose the GTA?

  • Vibrant Job Market: The GTA is home to numerous industries, including finance, technology, healthcare, and more, offering a plethora of job opportunities.
  • Diverse Communities: You’ll find a wide range of neighborhoods, each with its unique character and amenities.
  • Excellent Education: The GTA boasts top-notch educational institutions, making it an ideal place for families.
  • Cultural Hub: From museums to theaters, there’s always something exciting happening in the GTA.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Finding Affordable Homes

Setting Your Budget

Before you start your search for Homes For Sale in the GTA, it’s essential to determine your budget. A budget under $500,000 is considered affordable in this region.

Exploring Neighborhoods

Mississauga: A Suburban Oasis

Mississauga, a vibrant suburban city, offers affordable housing options while being in close proximity to Toronto. With its excellent transit system and beautiful parks, it’s a favorite among families.

Brampton: Affordable and Growing

Brampton is known for its affordability and a wide range of housing choices. It’s a city that’s continuously growing, making it a great place to invest in real estate.

Durham Region: Room to Breathe

The Durham Region, including cities like Oshawa and Whitby, offers spacious homes at affordable prices. It’s an excellent choice for those seeking a more suburban lifestyle.

Working with a Realtor

Enlisting the help of a knowledgeable real estate agent can significantly simplify your home search. They have access to listings that might not be publicly available and can negotiate on your behalf.

Financing Your Home

Mortgage Options

Fixed-Rate Mortgage

This mortgage type offers stability as your interest rate remains the same throughout the loan term, making budgeting more predictable.

Variable-Rate Mortgage

With a variable-rate mortgage, your interest rate fluctuates with market conditions, potentially resulting in lower payments during low-rate periods.

Down Payment Assistance

In Canada, there are various programs and incentives to assist first-time homebuyers in making their down payments more manageable. Be sure to explore these options.

FAQs

Q: What are the current real estate market conditions in the GTA for homes under $500,000? A: The GTA’s real estate market for affordable homes is competitive. It’s advisable to act quickly when you find a property that fits your criteria.

Q: Are there any additional costs to consider when buying a home in the GTA? A: Yes, in addition to the purchase price, you should budget for closing costs, property taxes, and home insurance.

Q: Can I negotiate the price of a home in the GTA? A: Yes, negotiation is common in real estate transactions. Your realtor can help you navigate this process.

Q: What amenities can I expect in affordable GTA homes? A: Amenities vary by property, but you can often find homes with features like modern kitchens, outdoor spaces, and proximity to parks and schools.

Q: How do I assess the resale value of a home in the GTA? A: Consider factors like location, neighborhood trends, and the condition of the property when assessing its resale potential.

Q: Are there any government incentives for first-time homebuyers in the GTA? A: Yes, the Government of Canada offers programs to support first-time homebuyers, including the First-Time Home Buyer Incentive.

Conclusion

Navigating the GTA’s real estate market, especially for homes under $500,000, requires careful planning and expert guidance. By setting your budget, exploring diverse neighborhoods, and working with a realtor, you can make the process smoother and more successful.

Remember, the GTA offers an array of opportunities for those looking for affordable homes, whether you’re a first-time buyer, investor, or simply searching for a cozy place to live.

Now, armed with knowledge about Homes For Sale in the GTA, Price under $500,000, you’re ready to embark on your real estate journey in this exciting region. Happy house hunting!

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Process of Buying a Home

For many, the dream of home ownership starts with buying a condo in Toronto. The city offers a wide variety of properties to choose from, and for first time buyers, there are plenty of options available that won’t break the bank.

Of course, buying your first home is a major decision, and there are a few things you need to keep in mind when making your purchase. Here are a few tips for first time home buyers in Toronto:

1. Make sure you budget realistically. When buying a condo, it’s important to remember that you’ll also have to factor in monthly costs like property taxes and maintenance fees. Don’t forget to include these expenses in your calculations when deciding how much you can afford.

2. Research the market carefully. It’s important to know what’s available and how much different properties are selling for before making an offer on anything.

Toronto is a great city to buy your first home. The condo market is hot right now and there are a lot of choices for first time buyers. It can be overwhelming to figure out where to start, so here are some tips to help you get started.

The first step is to figure out how much you can afford. Your mortgage broker can help you with this, but make sure you have a good idea of your monthly expenses and how much money you have saved up for a down payment.

Next, decide what type of condo you want. Do you want a downtown Toronto condo or one in the suburbs? Do you want a studio or one-bedroom? Make a list of what’s important to you and start browsing condos online or in person.

Finally, don’t be afraid to ask for help when looking for a house for sale, your local Real Estate Agent, that’s me..  Tony Sousa has access to all the MLS Real Estate Listings. Is it the right time to buy real estate? or will the toronto real estate market come down as interest rates go up?

When is the right time to buy Toronto Real Estate

In reality, there is no single right answer when it comes to buying Toronto real estate. It all depends on your personal circumstances and what you are hoping to achieve. If you are looking for a long-term investment, then it may be wise to buy sooner rather than later.

MLS Listing, Homes for Sale

MLS Real Estate Listings

Toronto and Mississauga are two of the most popular locations in Canada for first time home buyers. The MLS real estate listings in these cities offer a wide variety of housing options to choose from, from condos and townhouses to detached homes.

The Toronto real estate market is booming, with the average price for a detached home reaching over $1.8 million. However, there are still many affordable options available in the city’s suburbs, such as Mississauga. In Mississauga, the average price for a detached home is around $1,000,000, making it an attractive option for those looking to get into the housing market.

There are also many great neighbourhoods to choose from in both Toronto and Mississauga. In Toronto, popular areas include Leslieville, Riverdale and The Junction. While in Mississauga, locals favour areas like Streetsville, Port Credit and Clarkson.