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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..
9 Cedar - 4449 Milburough Line
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)
707 - 3390 Weston Road
Toronto, Ontario
Charming 2-bedroom affordable condominium with great potential. Completely renovated, Newly painted, Brand new flooring, Brand new washroom and new appliances and light fixtures. Features include a cozy living space, functional kitchen, and two bedrooms, One washroom and open Balcony with a clear view, offering ample natural light. Ideal for those seeking a budget-friendly opportunity to personalize and elevate their living space. (id:51158)
60 - 2508 Winston Park Drive
Oakville, Ontario
Great Opportunity To Invest In A Successful Food-Conscious Freshii Franchise Restaurant, A Prosperous Brand Of Fresh & Healthy Food With Hundreds Of Locations Across 85 Cities In The United States, Canada And Around The World. A State Of The Art 953 Sq Ft In A Prime Location Facing Dundas St W. At Oakville-Mississauga Border Shopping Area. Great Cash Flow And Profitable. Very Strong Repeated Customers. Rent $3,720 Per Month Including TMI + HST. Lease 5 Year + 5 Year + 5 Year. Financial Statement, Lease Agreement And List Of Chattels Will Be Provided Upon Accepted Conditional Offer. Buyers Must Meet Franchisor Requirements For Approval. **** EXTRAS **** Prime Location beside Best Buy On Dundas Street West (id:51158)
11 - 5651 Steeles Avenue E
Toronto, Ontario
End unit known as ARTISAN SPA, in large (Milliken Crossing) Plaza; with a number of eat-in and take out restaurants. (adjoining plaza has a Bank & Super Market etc.) Beauty salon dealing in dermatology, facials & skin care, Electro, vacuum, Ultra sound, shock wave & Laser therapy along with Nails & Henna drawings. Owner is retiring and operating on her own and winding down the business. Equipment and Leaseholds are worth the asking price. Operating month to month so buyer can negotiate new lease or even change or add other specialty uses. Present rent is $4670 monthly incl. TMI, water, ($15.42 sq ft Approx) plus hydro /Heat. Owner is willing to train purchaser(s) 2x2 pc washrooms, 1 shower (id:51158)
G6-7 - 8 Glen Watford Drive
Toronto, Ontario
Rare Find Turn-Key Business Must See!!! Famous Hong Kong Style Restaurant with Large Client Base and Business Potentials. Well Established High Traffic Location With Plenty Of Parking. Well Known Restaurant Has Been Successfully Operating for Years with Stable and Increasing Customers Excellent Location With A Good Blend Of Commercial & Residential Keeps Morning/Lunch Busy and Short Operation Hours, High Demand with Dinner Expansion Option. Fully Equipped Kitchen With Well Designed Layout. Can Be Easily Continue Same Type of Restaurant or Convert To Any Other Type of Cuisine. Absolutely Golden Opportunity. Two Rooms Underground For Additional Storage. **** EXTRAS **** Rent $5917/ Monthly (Include Tmi , Hst), Lease Term Until Jan 2nd, 2028 And Another 5 Years Renew Option. (id:51158)
263&264 - 222 Spadina Avenue
Toronto, Ontario
A Lovely Commercial Units In Chinatown Largest Shopping Mall. High Traffic And Excellent Location At Spadina And Dundas. Two Units (#263 & #264) Fronting On Busy Spadina Ave. Very Good Exposure. Perfect For Owner User Or Investor. (id:51158)
200 - 5519 Yonge Street N
Toronto, Ontario
Well Established amazing with a lot of potential Cafe in heart of North York near Yonge and Finch. One of the busiest location in North York Very Strong Customer bases. High Rise condos, Office Buildings, A lot of Businesses, in Busy Location. Lease 4 Plus 5 Year Option. Very Large Business Volume to Grow. **** EXTRAS **** The owner will train to the New Buyer. (id:51158)
121 King Street E Unit# 606
Hamilton, Ontario
Gore Parks Lofts in the midst of all the action is the location you've been waiting for. This top-floor unit in a boutique building offers unbeatable walkability to Hamilton's finest dining options, Gore Park, transit and more. Duralox anti-scratch luxury vinyl plank flooring, porcelain tiles, on-trend colour palette, quartz counters, ample storage, stackable W/D are among the features for a turnkey lifestyle. This 1 bedroom suite is the largest of the 1 bedrooms, with additional kitchen storage pull-out pantry. The suite is flooded with natural light with floor to ceiling windows and a juliette balcony. (id:51158)
605 - 1964 Main Street W
Hamilton, Ontario
Welcome to this two bedroom unit in the sought after Forest Glen complex in Hamilton West.Minutes to Ancaster, trendy Dundas, close to Mcmaster University and Hospital, trails, waterfalls, HWY 403, shopping, public transit out front; all this and set back from the road in a peaceful enclave. This unit boasts incredible views of nature, and on the back side of the building is a park like setting for the residents to enjoy a peaceful walk, or take a dip in the large indoor pool next to the sauna. Features include, bamboo floors in the living room dining room, an open balcony, a large primary bedroom with a walk in closet, a pantry/storage room inside the unit, in addition to a locker in the common storage area, as well as one underground parking spot. (id:51158)
302 - 36 James Street S
Hamilton, Ontario
Welcome to the Pigott building located in prime Hamilton downtown location. Beautiful building with stunning open concept living awaits you at 36 James St. South. Carpet free unit (1344 square feet) offers three bedrooms, ensuite and a four piece bath. French doors. Spacious kitchen will delight with breakfast seating, lots of counter space, plenty of cupboards. Large windows offering plenty of light, high ceilings. Washer and dryer in suite. Party room, and Gym. Walk to restaurants, shopping, steps to HSR, Go-Transit hubs, library, farmers market, parks, McMaster university, and hospitals. (id:51158)
5 - 601 Upper James Street
Hamilton, Ontario
Good location convenience store with incredible potential incomes! A lots of parking lots, Spacious inside, you have the opportunity to add another business: Vape, food, sewing service... you also are able to enlarge your U-Haul business, ATM inside, ice cream freezer. It's ready for you to success your goals. **** EXTRAS **** the inventory is not included in the sale price. (id:51158)
226 King Street W
Hamilton, Ontario
Location! Location! Location! Fantastic Opportunity To Buy a Small Business or Start Your Business In Central Hamilton Location. This Internet Lounge is Currently NOT in Business. The Internet Lounge Has 20+ Computer Gaming Stations, And A Good-Sized Reception Area. Heavy Pedestrian Traffic And Lots Of Walk-In Customers, Near School , Residential Buildings. Owner Willing To Train For Smooth Transition. Low Rent ( $1,916.66 I+ Hst+ V.A.T).Hurry Wont Last Long!! **** EXTRAS **** Lots Of Potentials. Equipment List Is Available Upon Request. (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.