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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..
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)
601 - 2067 Lake Shore Boulevard W
Toronto, Ontario
A Must See! * 1Br Corner Suite In Boutique-Style Condo ""Lakeside Club Formerly Players Club""! Waterfront Community, Partial Lake View! Well Maintained, Open Concept Layout, laminate flooring, 9'Ceiling, Large Living/Dining Area W/ Floor-To-Ceiling Windows. Kitchen w/ss appliances, Great Amenities: 24-Hr Concierge, Roof Top Terrace W/ Bbq Area, Indoor Pool, Whirlpool, Party/Meeting Room, Rec. Room, Sauna, Visitor Parking, Etc. Steps To Waterfront Trails, Parks. Close To Hwy, Public Transit & All Amenities. **** EXTRAS **** All Existing Elf's & Window Coverings. Fridge, Electrical Stove, B/I Dishwasher, Stacked Washer &Dryer.1 Parking & 1 Locker Included! ** Kitchen Gas Line Ready For Gas Stove ** (id:51158)
713 - 2737 Keele Street
Toronto, Ontario
Incredible Location and Unbelievable Value with Unobstructed CN Tower and Lake Views! 1 Bed/1 Bath Unit Well Appointed W/Gorgeous Hardwood Flooring, Dbl. French Door Bedroom W/ Walk-In Closet, Upgraded S/S Appliances Incl. Stove, Fridge and Dishwasher, And Spa-Like Bath W/ Glass-Tub Enclosure! Prime, AAA Location Offering Accessible Commute To Downtown Toronto And The Entire Gta!! Walking Distance To Humber River Hospital, Shopping, GO Transit Stop, Parks, Schools And So Much More! Don't Miss It!! **** EXTRAS **** S/S Steel Fridge, S/S Dishwasher, S/S Stove, Washer/Dryer Combi-Unit, All Electric Light Fixtures,1 Owned Parking, 1 Owned Locker. MLS Pics when vacant & virtually staged. Now Owner Occupied (video). (id:51158)
2602a Eglinton Avenue E
Toronto, Ontario
Location Location Location. Prime Location! Convenience Store for Sale - Turnkey Operation , Low Rent $3250 included TMI. owner wants to Retire. (id:51158)
801 - 60 Colborne Street
Toronto, Ontario
446 Square Feet Interior and 113 Square Feet Large Balcony = Total of 559 Square Feet! Located in the heart of the city, steps from St. Lawrence Market, the financial core, Union Station, King TTC streetcar, waterfront, parks, and Toronto Metropolitan University. This bright unit features floor-to-ceiling windows, 9 ft. ceilings, and a 24-hour concierge. **** EXTRAS **** All appliances, all window coverings, kitchen track lighting (id:51158)
4449 Milburough Line, Unit #9 Cedar
Burlington, Ontario
Discover the perfect synergy between modern living and natural beauty in this 2-bedroom, 1-bathroom modular home. The home features two comfortable bedrooms, each offering a peaceful haven to rest and recharge. Large windows frame breathtaking views of the encompassing forest. The kitchen features modern appliances and ample storage, making meal preparation a breeze. The bathroom is elegantly appointed and offers a tranquil retreat for self-care. Picturesque forest backdrop, front covered porch, rear deck, interlock patio, and contemporary design, this home invites you to experience a lifestyle where the boundaries between indoor and outdoor living blur, allowing you to truly unwind and reconnect with the serenity of the natural world. (id:51158)
121 #8 Highway, Unit #106
Hamilton, Ontario
Welcome to Casa Di Torre, a beautiful, new upscale condo in the heart of Stoney Creek! Located steps away from amenities including groceries, coffee shops, pharmacy, HWY access & public transit at your doorstep! Perfect for a first-time buyer or anyone looking to downsize. This 1 bedroom + den, main floor unit offers 740 square ft & an additional 100 square ft private terrace! The spacious corner unit boasts lots of natural light, neutral décor and smooth 10 ft ceilings. The modern open concept kitchen features sleek quartz counters, a beautiful herringbone backsplash, large island & comes complete with stainless steel appliances. The primary bedroom offers lots of closet space, and the additional den area is perfect for home office! The 4pc bathroom showcases ceramic tiles and a trendy vanity. Convenient in-suite laundry with stackable washer and dryer completes the unit. Ground level Parking and large Storage locker are included. The exclusive on-site amenities with an inviting lounge off the lobby are great for socializing. Or Host gatherings in the state-of-the-art Party Room, fully equipped with full kitchen. Make use of the gym area and work out studio with TRX and Spin bike or unwind with some yoga. Lastly, you have to head Up to the roof top terrace and enjoy the picturesque views of the Niagara Escarpment and Lake Ontario. Book your private showing now! Please note that Photos and Staging was done prior to tenant moving in. (id:51158)
228 Main Street E Unit# 11
Milton, Ontario
Excellent Franchised Wings Up Business in Milton, ON is For Sale. Located At the Busy Intersection of Main St E/Ontario St S. Surrounded by Fully Residential Neighborhood, Close To Schools, Major Big Box Stores, Great business with Good Sales Volume, Long Lease and more. Weekly Sales: Approx. $14,000 - 16,000, Food Cost: Approx. 32-35%, Labor Cost: Approx. 22-25%, Rent: $7415/m including TMI & HST, Lease: Existing + 5 years plus option to renew, Utility: Approx. $1200-1500/m, Royalty: 4.5%. Advertising: 3%, Store Area: Approx. 2500sqft. (id:51158)
15 Albright Road, Unit #602
Hamilton, Ontario
Welcome to the condos at Sir Wilfred Laurier Estates! This large 3 Bedroom condo in East Hamilton is perfect for a young family, people looking to down size or investors. This apartment has a lovely open concept kitchenwith updated granite counter tops. The nearby neighborhood includes great schools, a coming soon recreation center, close to the Red Hill Parkway and transit! All new floors in 2020 and an updated AC pump for extra wow factor. This unit also includes 1 parking space and one storage locker. Book your appointment today! (id:51158)
603 - 15 Queen Street S
Hamilton, Ontario
Welcome to unit 603 at 15 Queen St S, an exquisite studio apartment that serves as the perfect urban retreat for young professionals. Spanning 401 sqft, this sun-filled unit boasts a contemporary open-plan living space, accentuated by 9' ceilings and stunning, expansive windows. The natural light amplifies the sophistication of the elegant stone countertops & stainless steel appliances within the modern kitchen. The kitchen seamlessly opens into the cozy living area and flows out onto a charming balcony, offering breathtaking city views. The bedroom, spacious enough for a queen-sized bed, also features a generous closet. This property is tailored to the dynamic lifestyle of its residents with conveniences like in-suite laundry and an included locker for additional storage. The Platinum Condos enhance your living experience with premier amenities, including a gym, yoga deck, party room & a rooftop terrace that boasts panoramic views of the Escarpment & the downtown skyline. **** EXTRAS **** Situated minutes from Hwy 403, the upcoming Queen Street LRT, McMaster University, hospitals, Mohawk College & the GO Transit system, connectivity is never a concern. This studio apartment is your gateway to a sophisticated urban lifestyle. (id:51158)
420 - 118 King Street E
Hamilton, Ontario
Experience condo living at its finest in the Historic Royal Connaught, located in the heart of Hamilton with amazing restaurants, entertainment and shops nearby! This upgraded 1-bed, 1-bath Executive Suite features 9' ceilings, a spacious master with a large closet, a kitchen with stainless steel appliances and granite counters, plus in-suite laundry. Enjoy 24-hour security and building amenities, including exercise room, lounge/games room with chef's kitchen, theatre, inner courtyard, and terrace with BBQs. Don't miss out on this fantastic opportunity! (id:51158)
75 Brydon Drive
Toronto, Ontario
Sale of Business: Opportunity knocks to own an automotive electric repair shop and alternator/starter business. Owner is retiring after 45+ years in business. Plenty of clientele with a huge database. The shop is well-established and very well known throughout the automotive industry providing specialized auto electric services to the many clients and a vast number of automotive repair shops. Business services also includes alternator/starter sales and rebuild. A constantly busy shop with no shortage of work. Approximately 4-6 employees at an given time with more help needed. Time to pass on to a younger entrepreneur with plenty of potential to manage and grow this well-established business. Suitable for an auto repair shop to add this low-competition auto electric service business while growing it and adding auto repair and auto sales. Plenty of parking as this is a free standing. **** EXTRAS **** Currrent Rent well under market value and opportunity- potential to save thousands $$$ on Lease. Seller willing to train and assist in a smooth transition. (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.