FREE Access to MUST SELL, Discounted, Price Reduced, Bank Owned and Foreclosed/Bank Owned Home List
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..
3 - 2070 Rymal Road E
Hamilton, Ontario
Indulge in a savoury opportunity! Own this thriving shawarma business and savour the taste of success. A turnkey operation awaits, recently renovated with many upgrades. Complete with a loyal customer base, prime Hamilton East Mountain location. Seating for up to 30 guests, ample parking, full exterior signage. Price includes all equipment. Opportunity to be your own boss. Great Lease Agreement in place until 2032 and Seller will train Buyer after possession. **** EXTRAS **** Rent and TMI is $5,243 Monthly ($34.00 Net + $15.00 TMI) + HST Until April 2025. Net rent to increase from years 4-7 to $36.00 + HST and years 8-10 to $38.00 + HST. Lease Term Until April 2032 with option to extend for an additional 5 years (id:51158)
125 Village Green Square
Toronto, Ontario
5 Prime Parking Spots For Sale On Level 2 In Tridel Luxury Condo! All Are Conveniently Located & Close To Condo Entry Doors/Elevators! Please Note: Spots May Be Purchased Individually, In Pairs Or Up To 5 & BUYER MUST RESIDE IN BUILDING, Or. In The Process Of Purchasing A Unit In The Building! Impressive Returns! Makes For An Excellent & Affordable Investment! Become The ""Parking Spot"" Guy/Gal In The Building & Earn Great Passive Income. Parking Spot #'s are 27,28, 32, 56 And 71 At Level 2 In Solaris 1. Amazing Opportunity For Continued Rental Income & Never Stays Vacant As Demand Is Very High As The Spots Are Always Rented & Strategically Located ! Total Monthly Income For All 5 Spots Is $750 Per Month Or $9,000 Gross Annually. **** EXTRAS **** 5 Prime Parking Spots For Sale. A Great Addition To Your Portfolio! Don't Miss Them. NOTE: MUST BE A UNIT OWNER IN THE BUILDINGS IN ORDER TO OWN/PURCHASE THESE PARKING SPOTS. (id:51158)
224 - 222 Spadina Avenue
Toronto, Ontario
Prime retail unit in well known Downtown Toronto Landmark, Currently divided into two stores and can be combined, functional layout, great opportunity for investor or end user. (id:51158)
2358 Lakeshore Road W
Oakville, Ontario
Be your Own Boss! Located on busy Lakeshore Rd in the heart of Oakville, it provides the diverse community with the services they need most: manicure spa/salon, manicures, pedicures, additional space for other beauty services. 3 top of line Pedicure Massage Chairs, 3 Manicure Chairs, 2 Waxing Rooms, 3 nail Stations, 1 hair station, 2 Washrooms and 1 Bathroom. Competitive rent of $3,000 including TMI and 50% of water & electricity. New leases available. Lots of traffic, walk-in clients and Appointment based services. Cozy atmosphere with private treatment Rm. Perfect spot for someone who is looking for a quick start to Beauty spa business Without having to spend months and $$$$$ To set it up. This turnkey profitable and established upscale beauty/nail salon fully equipped with everything you need to start your business in the desirable location. **** EXTRAS **** The beauty bar is 600 sq. ft. on the first floor and 800 sq. ft. downstairs, with 3 rooms ,1 bathroom, and ample off-street parking. Located on busy Lakeshore Rd in the heart of Oakville. Surrounded by commercial and retail stores. (id:51158)
3550 Dundas Street
Burlington, Ontario
Location, location, location, very well established dollar / party/ discount store,24 years old business, Very busy plaza, anchored by Longo's, Tim Horton's and other numerous quality businesses, high traffic. Very well kept plaza, recent updates newly paved parking lot, remodelled store front and store signs. Perfect business for a family or new immigrants. Very friendly neighborhood. Very bright and clean store. High margin party business. Lottary approved in store for more income **** EXTRAS **** Easy to operate, short hours, rent approx.. $5939 + tmi. Short hours m-f 10am - 7pm, sat 10 am -5pm, sun 10am - 4pm please do not go direct, do not disturb or ask employees. (id:51158)
202 - 2855 Markham Road
Toronto, Ontario
Amazing New Office Building In Toronto! Professional Office Unit For Sale, Ideal Office Space For Any Professional Services, Very High Traffic Location, Close To Markham, Highway 401, 407/ Sufficient Visitor Parking, Open Space Office Area. Permitted Use: Professional Office, Medical, Marketing, Engineering, Accounting, And All Other Office Uses. Maintenance Fee Include All The Utilities. (id:51158)
205 - 45 Industrial Street
Toronto, Ontario
This is a storage unit or work shop. Small affordable units accessed by freight and passenger elevator. Not zoned for residential. This would be a great addition for people living in condos or downsizing who need extra space. Unit size may be adjusted. Used could be; storage, shop, creative uses. Located close to all retail and big box amenities. Short walk to Laird LRT stop. Construction starts in March! (id:51158)
Parking - 42 Charles Street E
Toronto, Ontario
Parking Spot For Sale. Excellent Location, Close To The Elevator! To Purchase, The Buyer Must Own A Suite At 42 Charles St. E. (id:51158)
787 Steeles Avenue W
Toronto, Ontario
Great Opportunity To Own One of The Famous Pizza & Chicken, Franchises At Very Busy Plaza On Bathurst/Steeles Ave West, Toronto. Is Surrounded By Condos Many Regular & Walk-In Clients In Highly Populated Area, Large Delivery Area. Seating For Up To 15 People. Corner Location. Regular Clientele- Car Dealership, Schools & Offices (id:51158)
1574 Barton Street
Hamilton, Ontario
Looking for a turn key! We got something special for you! Automotive Related Business in Hamilton on Barton Street and Strathearne Ave. Solid Business Includes Auto Inventory And Equipment. Building Boasts Workshop And Store Front With Sign And Good Exposure On Barton St. Take The Time To Look At The Business. Seller is motivated to sell. Selling for the Family Reason. (id:51158)
D1 - 380 Dundas Street E
Oakville, Ontario
Hero Burger Franchise In Dundas and Trafalgar area. Big Plaza with LONGOS next door. Canadian Tire and many Big Stores. Lots of traffic in the Plaza Location Location Location.Golden Opportunity for Hands On Owner. Same Location For The Last 11 Years. Turnkey Operation, Great Exposure, High Traffic Area and Visibility Fabulous Set Up of app 1800 sqft with Patio(16 Seats), Ambience Galore, Franchise. Delicious Food, Relaxing Atmosphere, Excellent Service, Great Sales!!! Very Profitable and Busy location Low Rent.No Use Change Hero Burgers Only. Lots of High Rise Developments coming nearby **** EXTRAS **** Get Busy from Day one. Big Patio and High Exposure. Buyer will have to be approved by Hero Burgers. Many Condos building around, more and more coming. (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.