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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..
201 - 1650 Yonge Street
Toronto, Ontario
Private dry cleaning depot located in a vibrant and bustling area. Boasting favorable rental terms, consistent sales, and competitive retail pricing, this establishment offers a lucrative opportunity with minimal operational costs. Equipped with a full set of sewing machines and enjoying a well-established clientele base in an affluent neighborhood, this business is ideal for both beginners and experienced tailors alike. (id:51158)
252 Main E
Milton, Ontario
Two for One deal. Gongcha bubble Tea combine with Korean Airirang Hot Dog under one ownership. Strategically located in the heart of the lively Milton downtown core. A pedestrian friendly core combines inviting shops, intimate restaurants and cultural experiences with modern conveniences and historical charm. Franchisor provides lots of support and training. Their support guarantees a proven business model and huge brand recognition at surprisingly low franchise fees. Sale is steady consist of both walk-in and online orders. Rare Opportunity! Don't miss! EXTRAS **** Sales include all asset of the business, equipment & leasehold improvements. Inventory is not included. Please Do Not Talk To Employees. (id:51158)
Parking - 58 Marine Parade Drive
Toronto, Ontario
Parking P2, Unit 101. Rarely available premium parking spot very close to elevator. Please note maintenance fee to be confirmed. Kindly be advised that the person purchasing this parking spot must be a resident of Marine Parade Drive. (id:51158)
250 Browns Line
Toronto, Ontario
Located on Browns Line, main road connecting Hwy427 and lakeside in Etobicoke. Right between large mature residential and industrial areas. Has dense flow of people and occupies a favorable location. Has about 800 sq ft, an ATM, and a basement. Mainly engaged in groceries, lottery and tobacco. 300 sq ft of open space at front can add new garden business in summer. Space next to cashier allow for new vape business. 5 parking spaces on the side. Monthly rent is $2,100 + TMI ($700 - $800, includes water,), and lease expires in October 2025. Sign a new 5-year lease with landlord. Weekly sales are about $3,500, with groceries at 55% and tobacco at 45%. Lottery's monthly income is about $2,700, ATM's annual income is about $1,800, and Nevada's annual income is $1,500. The store owner operates it alone, with no additional staff. The owner took over the business in 2011 and has been running it for 13 years. There is still a lot of room for growth in the business! **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. (id:51158)
319 - 50 Burnhamthorpe Road W
Mississauga, Ontario
It is located in Core area in Mississauga City Center neighborhood. Located across the road from Square One and the Midway Transit Hub. Very high population density with lots of condominiums. There are many professional offices and other medical, banking and dental services in this building. It is needed to extend business hrs. ( Now 4 hrs and 4 days :Mon - Thurs). Delivery app. service required. -Big potentiality to increase sales and income. It is big chance to grab a hidden Gem. **** EXTRAS **** Very Clean and neat. It is Very big potential to manage business. (id:51158)
105 - 3485 Rebecca Street
Oakville, Ontario
Excellent Opportunity To Own A Franchise Tutoring Business! Established And Profitable After School Learning Tutoring Center. Providing Proven Study Methods That Works For Students from Elementary To High School & Credit Courses! Steady Clientele, Fully Equipped ! Hours Of Operation Mon-Fri 4-8Pm & Saturday 10-4Pm. Franchise approval & license transfer is required for the new buyers. Property with business is also available for sale. Please check MLS#W7381936 **** EXTRAS **** Price include sale of business, Goodwill, Existing Clientele, store signs, books, study equipment, electronics, furniture etc. Don't miss this excellent opportunity. (id:51158)
31 - 4801 Keele Street
Toronto, Ontario
Rarely Available High End Finished Space. Close To Future York University Subway Station. Total Area Including Mezzanine Over 1100 Sq.Ft, About 600 Sq On Main Floor. This Rare Unit Suits Many Uses Including Doctor, Office, Health Spa, Dental Lab. Presently Operated As A Licensed Holistic Spa. The buyer needs to buy the business as well. Extras: Hot Water Tank Rental, Fridge, Window Coverings, Electrical Light Fixtures, Televisions, Massage Tables, Reception Desk And Accessories, Security System (id:51158)
1801 - 1455 Lawrence Avenue W
Toronto, Ontario
Spacious Bright South Exposure Walk-Out To Large Balcony. Wall to Wall Closet in Hallway. Overlooking Park & Playground. Close to Transportation, Shopping, Schools, Yorkdale Mall & Major Highways- Hwy 400, 401, Black Creek Drive. **** EXTRAS **** Fridge, Stove, Built-In Dishwasher, Window Coverings, Electric Light Fixtures (id:51158)
12 - 44 Goodmark Place
Toronto, Ontario
Turn Key Opportunity To Own A Well Established Wedding & Event Decorations Business Located In The Heart Of GTA, Features Office Room, Kitchen And Bathroom. Business Has Been Operational For Many Years. Specializing In Weddings For All Cultural Backgrounds, Receptions, Birthday Parties, Bridal Shower, Celebrations & Corporate Events. Don't Miss Out This Fantastic Opportunity To Start Your Own Business Right The Way! **** EXTRAS **** Inventory Of Over $150,000 Included In The Price And 2024 Events. Lots Of Storage Rear Shipping Door, Upper Mezzanine Level Available For More Storage. Low Rent Approx. $3,600.00 (Plus T.M.I & Hst) (id:51158)
13 - 4664 Yonge Street W
Toronto, Ontario
Welcome to this exceptional opportunity to own a well established restaurant situated in the heart of Lansing-Westgate. This turn-key restaurant comes with a valuable liquor license, fully equipped with state-of-the-art- kitchen appliances, furniture and fixtures making it ready for immediate use. Conveniently located near the bustling intersection of Yonge and Sheppard, this restaurant enjoys high visibility and foot traffic surrounded by residential neighborhoods, businesses, transportation hubs, easy access to the 401 and so much more!! **** EXTRAS **** Willing to train new owners. Monthly rent of $9231.18 including TMI and HST (id:51158)
1710 - 1 Scott Street
Toronto, Ontario
Welcome to your luxurious bachelor condo with a locker included! This spacious and functional; apartment invited you into bright, sunlit space that promise to start your days with breathtaking sunrise views. Boasting 9-foot ceilings and custom paint design it offers the option to be furnished for enhanced comfort. Perfectly situated in the heart of Toronto's Financial District, just steps away from Union Station, grocery stores, and major expressways like the DVP and the Gardiner and with iconic landmarks such as St. Lawrence Market and the Distillery District within reach convenience and style await. Don't miss out on this incredible opportunity to elevate your urban lifestyle to new heights. **** EXTRAS **** Locker included. Low Taxes & Maintenance Fees. Unit Vacant As Of April 1st 2024 (id:51158)
512 - 600 Sherbourne Street
Toronto, Ontario
Great Investment Opportunity in Famous Rosedale Medical Centre. Just Across From Sherbourne Subway Station.High Traffic Area. Rare Available Corner Unit Approx 575 Sq Feet. Ideal For All Kinds Of Offices:Dental, Medical, Chiropractor, Acupuncture, Orthopaedic, Beauty Spa. Perfect For Lawyer or Accountant Office, RE Brokerages and More. **** EXTRAS **** Newly Renovated Building. Unit Has 3 Big Windows with South Exposure, 2PC Washroom. Laminate Floors.Maintenance Fee Includes All Utilities, 24 hr Concierge and Janitor Services. Exclusive Use of 1 Underground Parking. (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.