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..
268 - 10 Eddystone Avenue
Toronto, Ontario
Welcome To This Fantastic Condo Townhouse Located In A Vibrant North York Area. This Is An Excellent Opportunity For Both First Time Home Buyers And Investors. This Spacious 3-Bedroom, 2-Washroom Home Features Fresh Paint Throughout And New Pot Lights. This Property Includes 1 Parking Spot Underground, With 2 Entrances To The Unit. Large Master Bedroom And Living Has A Direct Access To A Large Walkout Balcony With Fresh Paint. Don't Miss Out This Great Deal. The Price Is Excellent For The Value And Location. Making It A Convenient Choice For Those Seeking Proximity To York University, Yorkdale Mall, Humber College, Pearson Airport, Supermarket And Bus Stop Right At Door Step. (id:51158)
408 - 2 Ridelle Avenue
Toronto, Ontario
A RARE FIND IN THE HEART OF MID-TOWN FOREST HILL NORTH! Quiet and large corner unit (600-699sq/ft) in the desirable, tree-lined Forest Hill North neighbourhood. This bright and spacious one-bedroom unit features: foyer entrance, over 8-foot ceilings with crown mouldings, newly-installed lighting fixtures, galley kitchen with ample cupboards that opens into the dining area, large closet spaces, wide living room windows with garden and sunset views, bedroom windows receive the morning sunrise, large storage locker included, recently painted, well-maintained building and grounds with private landscaped gardens. Close to the Kay Gardner Beltline Trails, Viewmount and Memorial parks, shops, grocery stores, Eglinton West Station, the TTC, Yorkdale Mall, Allen Expressway & 401 and the upcoming Forest Hill LRT Station. Laundry is available in the building on 2nd & 4th Floors, with room to add an ensuite unit (buyer to confirm). THIS IS YOUR OPPORTUNITY TO OWN! **** EXTRAS **** All Electrical Light Fixtures, Window Coverings, Fridge, Stove. Portable A/C Unit Included (Currently In Locker). Windows Replaced (2017) & Lobby Redecorated.*NO SMOKING OR PETS* (id:51158)
31 Albany Avenue
Hamilton, Ontario
RENOVATED HOUSE AT EXCELLENT LOCATION, WALKING DISTANCE TO CENTRE MALL , steps to public transit. First Time Home Buyer, downsizers or Investors. Offering 2 bedrooms, full washroom, Brand new custom kitchen with BI dishwasher, Quartz counter tops & stainless steel appliances. New flooring, lots of pot lights, modern lighting fixtures and fresh paint through out the house. Large basement (roughly 25,6 feet X 19,6 feet) with lots of storage space, laundry & utility area. All room size measurements are taken at widest points. Buyer/Buyers' agent to verify property taxes. SQUARE FEET & ROOM SIZES ARE APPROXIMATE. (id:51158)
266 Paling Avenue E
Hamilton, Ontario
Welcome to 266 Paling Avenue in Hamilton. This one storey, 2-bed, 1-bath home with modern decor is perfect for first-time homebuyers or those looking to downsize. Enjoy the cozy comfort with a completely open concept kitchen, living and dining room. Beautiful pot lights run throughout this carpet free home. Outside, a generously sized, completely fenced-in backyard is great for letting your pets roam. A convenient detached garage provides shelter for your vehicle, additional storage needs, or it would make a perfect workshop. (id:51158)
203 Beach Road
Hamilton, Ontario
Five reasons you will fall in love with this detached home: 1- Elegantly renovated with brand new appliances, fixtures and equipment 2- Priced to Sell, providing great value 3- Centrally located, close to parks, hospital, beach, shopping and other amenities 4- Vibrant and diverse community with enriching and inclusive culture 5- Convenient for commuters with quick access to QEW and highway 8, and other transportation options. With over 1200 square feet of finished living space, this home blends economy with luxury and convenience. A dedicated rear entrance provides access to a versatile space suitable for use as a home office, hobby room, or sunroom, with private steps leading down to the basement below. You will not be disappointed as you step inside open concept living and dining area that flows into modern kitchen. Rectangular over 100 feet deep lot with extended backyard retreat. Located on a street with ample parking. **** EXTRAS **** Dishwasher, Stove, Fridge, Washer, Dryer, Sunroom Wall Shelving (id:51158)
812 - 350 Quigley Road
Hamilton, Ontario
This penthouse has a townhome feel. Due to the unique outdoor sky streets and 2 story layout. This beautiful owner-occupied unit is 1152 Sq ft of space and includes 3 bedrooms & 1 bath. largest layout in the building. Boasting more cabinet and counter space than the standard unit, it will be easy to make this your new home. New windows throughout including a new patio door. Included is the washer/dryer/fridge/stove/dishwasher/fireplace, all that is needed is your belongings! This unit also comes with 1 underground parking space as well as a spacious storage locker and in-suite pantry. The building has many amenities including outside and inside basketball nets, community garden, bike storage, party room & children's playground. From the balcony you can watch the stunning evening sky and relax overlooking the greenspace. This building is pet friendly (including dogs) and close to the Redhill for an easy commute to the QEW with loads of walking trails nearby. (id:51158)
1610 - 975 Warwick Court
Burlington, Ontario
Welcome to 975 Warwick Court, ideally situated in beautiful Aldershot South conveniently located close to schools, parks, shopping restaurants, Mapleview mall, Burlington's downtown core area, public transit, Burlington GO, and easy highway access as well as being near Lasalle Park and Lake Ontario. This generously sized 1 bed 1 bath unit offers over 800sq ft of living space including a spacious living room with walkout to balcony, good size dining space right off the kitchen, large bedroom and a 4pc main bath, This well-maintained building offers some great amenities such as an indoor pool, sauna, gym, party room & visitor parking. **** EXTRAS **** Interior Features: Auto Garage Door Remote(s), Concierge/Security, Intercom, Party Room, Security System (id:51158)
D-313 - 5220 Dundas Street
Burlington, Ontario
Welcome to the link condos. Modern and open concept, bright one bedroom condo. Sun filled living room, entire unit recently painted in neutral colours, access to open balcony. New high quality vinyl flooring, 4-piece washroom with deep tub, rain showerhead and quartz countertop. 9ft ceilings throughout, floor to ceiling windows in living room and bedroom, window coverings. Kitchen with quartz counters and S/S oven, B/I range hood, B/I dishwasher, B/I glass cooktop, fridge, stacked washer & dryer. Enjoy one underground parking and amazing amenities: fitness centre, hot and cold plunge pools, sauna/steam room, billiards room, party/dining rooms, stunning rooftop terrace w/ BBQ. Close to schools, public transit, bronte creek park, walking trails, shopping, entertainment, hospital etc. (id:51158)
2210 - 320 Dixon Road
Toronto, Ontario
WELL MAINTAINED 3 BEDROOM CONDO IN THE HEART OF TORONTO. GREAT VIEW FROM THE BALCONY, LOSE TO ALL MAJOR HIGHWAYS, AIRPORT, SCHOOLS, TRANSIT, SHOPPINGS. TENANT MOVING OUT, VACANT POSSESSION TO BE GIVEN. (id:51158)
2301 - 5 Massey Square
Toronto, Ontario
5 Massey Sq. is the perfect place to relax in a bustling city! Minutes away from Taylor-Massey Creek trails, The Beaches, shopping/dining/entertainment along Danforth Ave; Transit made easy w/ close access to the DVP & TTC. Incredibly spacious unit, flooded w/ natural light ft. western exposure & large open balcony! Convenience at your fingertips w/ an ensuite washer/dryer & spacious living/dining area that's perfect for entertaining. Pride in ownership shows w/ upgrades thru-out: fridge/freezer, washer/dryer (2020); renovated bathrm (2022); custom closet doors main entrnce (2024); new hallway light fixtures; self-adhesive laminate floor in main foyer & kitchen (2024). Incredible building amenities incldng squash & basketball courts & indoor pool & fitness centre! **** EXTRAS **** Ample parking spots for rent directly from management, only $56.10 p/month. Free visitor parking. Affordable annual locker rental only $112.20 p/year! Lobby entrance, intercom & security system in building all in process of being upgraded! (id:51158)
405 - 707 Eglinton Avenue
Toronto, Ontario
A rare opportunity to own in prestigious Forest Hill, this spacious one bedroom apartment is located in the Roycroft, a beautifully restored Art Deco building. The fantastic location is steps away from the shops and restaurants of Eglinton way as well as great access to parks, library, the Belt trail Trail, and the TTC at you door with the with the future LRT a short walk away. This south facing unit offers a beautiful south view as far as the CN tower while surrounded by stately homes and tall trees. Completely smoke free building. **** EXTRAS **** Maintenance fee includes annual property taxes ($1690.76 in 2023) in addition to all utilities, cable & internet use of shared backyard and resident-owned laundry room in a quiet beautifully maintained building. (id:51158)
292 Dunview Avenue
Toronto, Ontario
The unique design of the house by famous designer @2bdesignbuild offers luxurious living spaces,The house with 8 rooms in main floor and bedrooms plus , unique library with fully equipped office , gym with TV and bar in the basement . The house equipped with classy kitchen accessories and prepared for your initial cooking and your initial drinking needs .The detached house , situated on quiet beautiful street in precious area of Bayview village a vibrant and diverse district of Toronto , 5 minutes to 401 highway or Bayview subway station Steps to Yonge Street and Bayview Avenue, is characterized by a rich array of amenities. Shoppers can explore a mix of boutiques and larger shopping centers, such as Bayview Village Shopping Centre. The area is also a culinary hub, with a multitude of restaurants, cafes, and eateries offering a variety of global cuisines.In addition to retail and dining options, residents and visitors can enjoy the beauty of nearby nature, parks, and green spaces for relaxation and outdoor activities. The area offers picturesque landscapes and tranquil environments, providing a serene escape from the urban hustle. The region is well-connected by the Toronto Transit Commission, making it easy to access different parts of the city. (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.