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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..
1260 Main Street E
Milton, Ontario
Turn key opportunity, Well established Salon Mangata since 2014 for sale in the heart of Milton. Halton Hills .Surrounded By Residential & Businesses and close to Milton downtown, high gross volume Sales, Business has a Great Reputation, with Repeated clients & lots Of Walking Customers, Heavy Traffic & Growing Numbers. Salon won awards for best salon and best stylist. At Salon Mangata all aspects of hair-colour, haircuts, perms, permanent straightening, updo's styling, treatments, head message and barbering. Specialized in wedding special events and photo shoots and much more. Salon Mangata is a known name in Milton and good ties with other businesses as well. Ample of parking space for customers. All equipment, chattels and fixtures are included in the sale of Business. Low monthly rent $1997.78 Plus Hst. Tremendous Opportunity To Build & Expand The Business. Motivated Seller, Seller Willing To Train.Do not miss the opportunity. Once It's Gone Cannot Be Replicated. All Equipment, chattels and fixtures included in the sale of business. List attached. (id:51158)
23a West Park Avenue
Hamilton, Ontario
Fantastic opportunity to own a generous 40x100 ft building lot in Hamilton's West end within the lovely Ainslie Wood North neighbourhood. Perfectly located and mere minutes from McMaster University, Westdale, Dundas, Ancaster and the Linc. Fully severed lot - Severance documents available. Buyer to do own due diligence in regards to Zoning, Building Permit Availability, Levies, and any other Permits. (id:51158)
C - 21 Panabaker Drive
Hamilton, Ontario
Step into a world of culinary delight as you consider the acquisition of this established grocery store, where the rich and diverse flavors of the Middle East come to life. This business is your ticket to a flavorful journey, offering turnkey convenience and a strong community presence. From every shelf, you’ll find an array of authentic delights, a testament to the traditions and cultures of the region. This profitable opportunity opens the door to a vibrant world of unique tastes and immersive experiences, awaiting new ownership. Don’t miss your chance to take the helm of this beloved grocery store and become a part of a tradition deeply cherished within the community. Embrace the opportunity for success and share the extraordinary flavors of this cultural gem with your neighbourhood. (id:51158)
525 Adelaide Street W
Toronto, Ontario
Don't miss out on this rare opportunity to purchase a parking at 525 Adelaide St. W! (id:51158)
525 Adelaide Street W
Toronto, Ontario
Don't miss this rare opportunity to purchase a parking spot at 525 Adelaide St. W. (id:51158)
101 - 55 Eglinton Avenue E
Toronto, Ontario
Location!! Well Established Bubble Tea Business In High Traffic Area Of Yonge And Eglinton Prime Location W/ High Foot Traffic, Surrounded By Residential Buildings And Businesses. Rare To Find Wide Storefront. Footsteps To Yonge & Eglinton Subway Station And Eglinton Crosstown Lrt. One Reserved Parking At Rear. One Additional Storage Included. **** EXTRAS **** Rent $7521.09/ Monthly (Include Tmi , Hst), Lease Term Till April 30th, 2026. (id:51158)
23a West Park Avenue
Hamilton, Ontario
Fantastic opportunity to own a generous 40x100 ft building lot in Hamilton's West end within the lovely Ainslie Wood North neighbourhood. Perfectly located and mere minutes from McMaster University, Westdale, Dundas, Ancaster and the Linc. Fully severed lot - Severance documents available. Buyer to do own due diligence in regards to Zoning, Building Permit Availability, Levies, and any other Permits. (id:51158)
112 King Street E, Unit #1111
Hamilton, Ontario
The walk score, 95, says it all. Modern living close to everything, Public Transit, Restaurants, Universities, Shopping and Hamilton's best Entertainment District. You will be amazed at this modern and updated Condo that boast top-notch amenities, with a Grand Lobby! (id:51158)
272 Kenilworth Avenue N
Hamilton, Ontario
The Parm House is situated in Hamilton's old commercial strip, close to a municipal parking lot and in proximity to the city's well-known industrial sections. Established in 2016 and under new ownership since 2019, the owner has crafted a menu that captures the warmth and authenticity of Italian home cooking. Whether you're in search of a hearty start to the day or a comforting dinner to end it, the Parm House has something to satisfy every craving. Operating primarily as a catering, delivery, and pick-up business, it has also formed partnerships with trusted delivery platforms such as Skip The Dishes, Uber Eats, and DoorDash, ensuring that the flavors of the Parm House can be delivered to customers' doorsteps. With over seven years in operation, the Parm House has earned an excellent reputation in the community and has become a reliable destination for comfort food. This presents an excellent opportunity for the new owner to continue the established success. **** EXTRAS **** Monthly rent $1,093 plus HST expires Oct 31 2024. Tenant responsible for all utilities+ 25% of pesticide cost + snow removal at the front. Landlord is responsible for the TMI. New lease to be negotiated with landlord. (id:51158)
531 Catharine Street N
Hamilton, Ontario
Residential Building (7.65M x 29.26M), Property is not serviced. Currently in the process of being severed. This property is located in the North end and is just steps to the GO Station, Bayfront Park and the complete redevelopment of Pier 8 which will be a vibrant urban waterfront community. (id:51158)
125 Village Green Square
Toronto, Ontario
Prime Parking Spots For Sale On Level A In Tridel Luxury Condo! All Are Conveniently Located Close To Condo Entry Doors/Elevators! Buyer Must Reside In The Building, Or. In The Process Of Purchasing A Unit In The Building! **** EXTRAS **** 1Prime 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)
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.