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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..
1508 - 150 East Liberty Street
Toronto, Ontario
Bright studio right in the heart of Liberty Village, with high 9 foot ceiling and direct unobstructed south facing lake view enjoyed from unit and large balcony. Great building facilities, including 24 hour concierge, gym and bike room. Surrounded with tons of neighborhood amenities, including shops, restaurants, 24 HR grocery store, TTC, walking distance to downtown and the lake (walking/cycling/running trail). Enjoy everything the area has to offer and summer fun: CNE, BMO Field, concerts and waterfront festivities.Full size stainless steel appliances and laminate flooring in main areas, ceramic tiles in laundry room and bathroom. **** EXTRAS **** 2023 Taxes - $1479.13 (id:51158)
827 - 36 Lisgar Street
Toronto, Ontario
Located In The Trendy Queen West Neighbourhood .This Bright And Open Concept 1 Bedroom Condo With Parking, In Sought After Neighborhood. It short Walk To Liberty Village! Steps To Transit, Restaurants, Bars, And Shops. Modern & Stylish Kitchen With Granite Counter Top, Ceramic Backsplash, Stainless Steel Appliances. Wood Floors. Ideal Home For End User Or A Great Investment Opportunity. Ensuite laundry .1 Parking Included. Lockbox in West Tower Mailbox Room, Easy Showing! **** EXTRAS **** Steps To The Drake/Gladstone, Liberty Village, Lisgar and Trinity Bellwoods Park ! Groceries, Streetcar Right Outside Your Door (id:51158)
236 Douglas Drive
Toronto, Ontario
Welcome to 236 Douglas Dr, a harmonious blend of classic allure and modern luxury in Toronto's prime area. Fully updated, this home features a main floor with formal and informal living rooms, an oversized kitchen with dining space, and a powder room. Delight in a lower-level movie theater, gym, and kids' playroom. The second floor hosts the primary bedroom with ensuite, walk-in closet, two more bedrooms, and a washroom. The third floor adds two bedrooms and another bath. Dual laundry setups on two levels and a majestic family room with a cathedral ceiling and fireplace enhance this move-in-ready gem. **** EXTRAS **** Experience the best of luxury living in Toronto's Rosedale-More Park neighborhood - a perfect balance of historic charm, green spaces, and modern amenities. (id:51158)
203 - 71 Jonesville Crescent
Toronto, Ontario
Live like the Jones in 71 Jonesville ~ This Beautiful 1-bedroom co-ownership spans 735 sq ft, offers quick access to Eglinton Square Shopping mall approximately a 15-minute walk away & 1 bus to subway station. The apartment has a gourmet equipped kitchen area, outfitted with a full appliance package, a Full 4-pc spa-inspired bath with soaker tub, stone counters/undermount sink & dual flush toilet, Sleep peacefully in your principal-sized bedroom with ample closet space, Large Living/Dining area perfect for entertaining, the L-shaped open Den is currently being used as Dining room steps out onto large south facing open balcony with treetop views. Caffeinate your day at Tims only a few blocks away, other eateries are: WingBurger, Viet Thai Kitchen and Manchu Wok, some restaurant options. Get back to nature and take a stroll through the many parks: Sherwood Park, Charles Sauriol Conservation Area or Taylor Creek Park are all steps away. Be Glee, Sip Tea & See the Trees @ suite #203. **** EXTRAS **** This Is A Co-Ownership, Buyers must Qualify At 80 % Loan Value (id:51158)
670 Knox Avenue
Hamilton, Ontario
Under $500,000, this property features a 50 foot lot with 105 Feet of depth. The house is a decent sized 835 Sq ft plus 835 in the basement for a potential 1670 Sq Ft of living Space. Perfect investment to convert this bungalow into a live upstairs and rent the basement with a height of 6” 7” and a separate entrance. Under $500,000. This property has a garage and carport and can easily park 8 cars on the driveway. 90 Seconds to the highway, Within 10 minutes of an amazing array of shopping. Yes, the house needs work, but make it up your way and you’ve still spent far less than a comparable sized house and property. Excellent neighbors. Great neighborhood. Come see this house. (id:51158)
601 - 81 Charlton Avenue E
Hamilton, Ontario
Introducing this charming 2-bed, 1-bath unit nestled in the heart of downtown Hamilton, offering the convenience of location, with a touch of warmth and character. This inviting abode features all the comforts you desire, from a spacious living area, to a cozy kitchen area perfect for culinary adventures, and a balcony that provides stunning views. Enjoy the convenience of a dedicated parking spot, ensuring hassle-free city living. With vibrant shops, restaurants, and cultural attractions just steps away, don't miss the opportunity to make downtown living your reality! **** EXTRAS **** Brand new elevator in the building (id:51158)
Unit 3 - 490 Speers Road
Oakville, Ontario
Excellent Opportunity To Be Your Boss, Well Established Turnkey Retail Furniture Store. Located In Very Busy Area, High Traffic, Great Showroom On A High Traffic. Well Known Brand Name Palma Brava Has Furnished Homes Worldwide. Business Has Been Running Since 1979. Owners Are Now Retiring.Long Lease With Excellent Monthly Rent **** EXTRAS **** Inventory Is Included In The Price. List Of Suppliers Will Provided. Leasehold. Online Shopping Website Included. Training To New Owner Will Be Provided (id:51158)
1885a - 25 The West Mall
Toronto, Ontario
Prime Location. Well Known & Popular Gong Cha - Bubble Tea Franchise Business For Sale. Offers A Unique Gong Cha Taste. Located in the heart of Islington City Center neighborhood. The Store Is In Prestigious Sherway Garden Mall, Training Will Be Provided By The Franchisor. **** EXTRAS **** All Chattels, Equipment Is Included In The Purchase Price. Stock Is Extra. (id:51158)
1736 Kingston Road
Toronto, Ontario
Imagine owning a lucrative pizza business that caters to the Birchcliff Community and the bustling high school crowd. This isn't just any pizza store... this is an opportunity to tap into a market hungry for tasty bites and convenience. ** Non-Franchised Pizza Business For Sale ** Established Pizzeria Store Offers Gourmet Pizza (Vegan, Halal, Keto Friendly), Wings And Gourmet Burgers. Fully Equipped Restaurant With Take-Out, Delivery And Catering. ***Full Training Will Be Provided To New Owner*** The business comes fully equipped with everything you need to hit the ground running, including a well-equipped kitchen, trained staff and a loyal customer base. Whether you're a seasoned restaurateur or a first-time entrepreneur, this turnkey opportunity offers the perfect recipe for success. **** EXTRAS **** Rent: $3,400 per Month. Lease: until December 2028. (id:51158)
2340 King Street E
Hamilton, Ontario
Great Opportunity to run your own Non Franchise Business. Family Operated with good Sale. Rent $2400 includes TMI. Daily Sale approximately of $1000 & Potential to extend hours and boost the Sale. Corner Location with plenty of exposure at the Busy King Street E. Bit Coin and ATM service available. Inventory to be valued Separately. Basement Included. Seller willing to train. (id:51158)
4-5 - 3121 Appleby Line
Burlington, Ontario
Beautifully Built Out Licensed Pizza Franchise In North Burlington's Fastest Growing Community! This 1980 Sq Ft End-Cap Unit has Large Frontage & Visibility! Plenty of Parking In This Plaza With Major Anchors & Residential Surrounding The Area! This Store Is A New Build! There Is An Opportunity To Rebrand This Store If Seller Approves! Please Do Not Go Direct & Speak With Staff! **** EXTRAS **** * Net Rent = $5445.00 * TMI = $1980.00 * 5 Years Remaining + 2 x 5 Year Options To Renew * Seating Area * Open Kitchen * Back Prep Area * Walk In Fridge & Freezer * Please Do Not Go Direct & Speak To Staff * (id:51158)
110 - 964 Albion Road
Toronto, Ontario
Fully equipped kitchen with 8 cooking stations - culinary school - Ideal for education use or for larger catering kitchen. All work done with permits. Hundreds of thousands $$$ spent in leasehold improvements. Could operate as a school, uber eats kitchen, catering kitchen, commissary kitchen, Ghost Kitchen, etc. Don't miss this amazing opportunity. Second Floor Location with lobby washrooms. Bring offers - seller would entertain vtb for qualified buyers. **** EXTRAS **** New lease 5 years + 5 years option to renew. Act Fast. (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.