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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..
#304 -1 Jarvis St
Hamilton, Ontario
Absolute Gem!! This contemporary 1-bedroom condo boasts an open concept layout and a stylish three-piece bath. The kitchen is outfitted with stainless steel appliances. Step out onto your huge private 220-square-foot terrace, great for entertaining family & friends!! 1 Jarvis exemplifies Hamilton's evolving landscape. This brand new 15-storey condominium blends the city's historic charm with a forward-looking urban aesthetic, featuring details that nods to its past and a sleek, modern design that looks to the future. Conveniently located with easy access to Hwy 403, QEW, Red Hill Valley Parkways, West Harbor, and Hamilton GO, plus just a short walk to the HSR bus stop. Seeing is believing!! Wow!!! **** EXTRAS **** Building amenities include yoga, fitness center, lounge, and ground-level retail space. Situated a short distance to McMaster University, Mohawk College, St. Joseph's Hospital, public transit, shopping, restaurants, schools, and much more. (id:51158)
156 Garside Avenue N
Hamilton, Ontario
Absolutely Charming Home Well Located In Homeside! You'll love coming home to this piece of paradise. Gleaming Hardwood Floors, Large Windows, Beautiful Original Woodwork on Doors, Stairway. The modern farmhouse kitchen, with its' deep and wide farmhouse sink, granite counters, live-edge open-shelving and farmhouse lighting are bound to please. Other updates include bathroom, flooring, windows, front porch decking '24, shingles, '22, furnace and ductwork '20. After a long day relax on the front porch or enjoy the quiet in the deep back yard which offers lots of space to play, barbecue and entertain. The family room on main floor was once a bedroom and could be reverted back. The possibility of parking exists off the alleyway at the far end of the back yard. Handy mud room off the kitchen. Such a great location! Just 250 m to Andy Warburton Park and a fifteen minute walk to Center Mall where all your shopping can be done. Walk to Ottawa Street for more shopping and dining. Be sure to see this lovely home. (id:51158)
#702 -159 Dundas St E
Toronto, Ontario
Welcome to this Bright & Spacious Bachelor Suite with a Big Open Private Balcony, One of the biggest bachelor suite, among Toronto condos, bigger then most one bedroom suite in Toronto downtown. It is converted to 1 bedroom suite using Japanese style divider, a Big Pantry or Huge Secondary closet, a Very well defined Kitchen, a Spacious living room, Floor-To-Ceiling Windows that bring in tons of natural light during the day. Luxury Finishes Including, Brand New Laminate Flooring, High Tech Multicoloured Pot Lights, Roller blinds and Is Freshly Painted. Steps to Yonge and Dundas Square, TMU University (Ryerson), Dundas Subway, Financial District, Eaton Center and 24 Hr Streetcar At Doorsteps. Resort Style Amenities With 24 Hour Concierge, Party Room, BBQ on Roof Garden, Sauna, Outdoor Pool, Full Purpose Gym, Yoga Room, Party Room, Reading Room & Ample Outdoor Common Space On The 8th Floor. This Is Downtown Living At Its Best and So Much More. **** EXTRAS **** * Short Walk to Dundas Square, Subway, TO PATH Network, Eaton Center, TMU (Ryerson University), Street car across building lobby, Tons of Restaurants, Shopping, Entertainment and Lot more. (id:51158)
#1206 -725 Don Mills Rd
Toronto, Ontario
Great Location! Spacious & Bright Corner Unit! 2 Bedroom & 1 Bedroom, Newer Kitchen Cabinet, Granite Counter Trop, Unit Comes W/1 Parking,1 Locker. All Utilities Are Inclusive In The Maintenance Fees. The Complex Has All Indoor Pool, Gym, Well Maintain Garden, Closer To TorontoDowntown, TTC At Doorstep, Hwy 404, New Community Of Crosstown & Ontario Subway Line. Mins To Park, Science Centre, Close To Schools,Shopping, Parks, Library, Access To Major Highways. Good Fit For First Time Buyer. **** EXTRAS **** Existing Fridge, Stove, Dishwasher (As Is), All Elfs, Window Coverings. Laundry can be installed. (id:51158)
#103 -851 Queenston Rd
Hamilton, Ontario
Great Location, Ground Floor Condo, 2 Bed, 2 Bath Unit, Located in the Riverdale West Area. This Unit has an Open Balcony with Easy Access to Parking and Transit. No need to take elevators. Parking on main level as well. Close to QEW, 5 Min Drive, Shopping Mall across the street (Eastgate Square), Restaurants, Schools, Parks and Many Trails. Bus Stop Directly in Front of Building. Why Rent When you can Buy this Great Unit. (id:51158)
#204 -1450 Bishops Gate
Oakville, Ontario
Abbey Oaks Condo In Sought After Glen Abbey. Freshly painted large one bedroom unit, bright and spacious. Open Concept Living. Ecobee Thermostat. New toilet. Walking Distance To top ranking Abbey Park High School, Pilgrim Wood Public School, Community Centre, Plazas, And Trails. On-Site Clubhouse With Gym, Sauna & Party Facilities. Close to QEW, Bronte Go train station. **** EXTRAS **** Fridge, Stove, Range Hood, Dishwasher, Washer/Dryer, All Elf's, All Existing Window Coverings. (id:51158)
49 Leeming Street
Hamilton, Ontario
Welcome to 49 Leeming St, Hamilton—a charming starter home nestled in a vibrant, up-and-coming neighborhood. This cozy residence offers a fantastic opportunity for first-time buyers or those looking to downsize. Located centrally, convenience is at your doorstep. Enjoy easy access to essential amenities including shopping centers, restaurants, and recreational facilities. The proximity to schools makes it an ideal choice for families with children. The neighborhood itself is evolving, showcasing a blend of historical charm and modern development. With new businesses and community initiatives on the rise, residents can look forward to an exciting future in this dynamic area. As for the property, 49 Leeming St boasts a welcoming ambiance. Step inside to discover an interior featuring 3 bedrooms and 2 bathrooms. The layout is designed for practicality and comfort, offering a cozy living space to call your own. Outside, you'll find a manageable yard—perfect for relaxation and outdoor gatherings. Whether it's morning coffee or evening barbecues, this space can be your private oasis within the city. Don't miss out on this opportunity to own a piece of Hamilton's promising future. Schedule a viewing today and envision yourself at home on Leeming Street. (id:51158)
94 Alpine Avenue
Hamilton, Ontario
Discover the charm and comfort of this delightful 2-bedroom bungalow, an ideal haven for first-time buyers, savvy investors, and those seeking the ease of downsizing. Nestled in a prime location between the picturesque escarpment and the vibrant Concession St, this gem boasts a remarkable walk score of 92, promising unparalleled convenience and lifestyle opportunities. With a full basement offering a separate side entrance, the potential for additional living space or rental income is yours to explore, making this property an attractive option for investors seeking to maximize returns. Benefit from recent updates including main floor windows and front door replaced in 2022. Enjoy urban amenities including transit, dining options, shopping, and local parks, all within a stone's throw away. Easy access to major thoroughfares such as the Linc and mountain access. Don't miss your chance to call 94 Alpine Ave home. (id:51158)
#b106 -3200 Dakota Common
Burlington, Ontario
Gorgeous, Beautiful, Spacious 2 Bed & 2 Wash room Condo with 752 Sqft in Total (636 Sqft Interior &116 Sqft Terrance) 10 foot Ceiling. One Parking, One Storage Locker Included. This Beautiful Modern Unit Features an open concept Kitchen with Stainless Steel Appliances and Quartz Countertop. It Also Includes a smart home monitoring with a smart thermostat. Laminate Flooring throughout the unit provides Ample natural light, brightens the space. Enjoy a large east facing Terrace. Private Gate Access from Terrance to Unit. The Building offers 24Hrs Concierge Service, Security, BBQ Area, Gym, Sauna, Steam room, Party Room, outdoor Pool, Games Room, Outdoor Garden, Big Malls and Go Station. (id:51158)
4449 Milburough Line, Unit #16 Spruce
Burlington, Ontario
Winding lane brings you to the secure and gated entry to this beautiful Burlington LOST FOREST park located just seven minutes from the Village of Waterdown with its many shops, restaurants, farmers markets, Y, Legion, Arena and Parks. Just settle into this very well maintined, two bedroom home nestled on an amazing fully landscaped lot. There is plenty of storage and closet space in the bedrooms and bathroom plus washer and dryer. Step out from the dining area of the kitchen to a 17 X 10 deck and enjoy the most impressive OASIS with flagstone walks, gardens, pond, flowering shrubs and trees. There is a community hall with many varied activities year round plus a seasonal inground pool for the enjoyment of residents, family and friends. Walking trails for pets and people too. No Disappointments. Make an appointment today and see what the Park is all about. Possession 60-90 days yet also flexible. (id:51158)
185 Simcoe St E
Hamilton, Ontario
CALLING ALL FIRST TIME BUYERS. THIS SEMI-DETACHED BUNGALOW HAS 3 BEDROOMS, UPDATED KITCHEN& BATHROOM, A VERY PRIVATE PATIO / YARD, AND IS LOADED WITH CHARM. LOCATED IN THE HEART OF THENORTH END, THIS AREA IS KNOWN FOR ITS FAMILY-FRIENDLY NEIGHBOURHOODS, COMMUNITY SPIRIT,CULTURAL VIBRANCY, AND CONVENIENT ACCESS TO SCHOOLS, SHOPS, RESTAURANTS, CAFES, AND FAMILYENTERTAINMENT OPTIONS ALONG THE WATERFRONT IT IS AN EASY WALK TO THE PIER 4 PARK & BAYFRONTPARK WHICH ARE IDEAL FOR FAMILY PICNICS, LEISURE ACTIVITIES AND ENJOYING LAKE VIEWS. FOR THECOMMUTER, THE WEST HARBOUR GO STATION IS CLOSE BY AND THE HOSPITAL IS JUST AROUND THECORNER. ALL OF THIS MAKING 185 SIMCOE ST E AN ATTRACTIVE OPTION FOR YOUNG FAMILIES TO PUTDOWN ROOTS AND MAKE MEMORIES. PLEASE NOTE THAT STREET PARKING IS AVAILABLE BY PERMIT AT ACOST OF APPROX. 100/YR (2023) (id:51158)
#1811 -339 Rathburn Rd W
Mississauga, Ontario
~ Click & Watch""~ 4k Premium Walk-Through~ Sitting on a high floor and offering an unobstructed view of the breathtaking westward sunset, this 1-bedroom plus den residence is nestled in one of Square One's most sought-after condominiums. Discover luxury living at its finest in the prestigious 339 Rathburn w. It combines elegance with safety. Renowned for its array of amenities and low maintenance fees, this residence is a gem not to be missed."" The area is known for its convenience, with easy access to public transportation, major highways. Construction for LRT is in progress and soon this place will also have access to light rail transit, which will make it even more attractive place to live for young professionals. **** EXTRAS **** Guest Suite, Bowling, Party Hall, Tennis Court, 24 Hour Concierge, Library, Fitness Center, Indoor Pool with Jacuzzi , Theater, Card Room, Billiard, Meet Room & Party Room , Patio, BBQ, (id:51158)
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.
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!
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 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.