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..
209 - 50 George Butchart Drive
Toronto, Ontario
Easy access to highway 401, GO, Subway, great shopping, Downsview park. 3 years old, easy to maintain, bright and airy one plus den, den is almost the size of a bedroom with it's own door, main bath close by. Builder upgraded doors and smooth ceilings. Great amenities, gym, party room, concierge, rec. room, children friendly playroom, visitor parking, bbq. Beautifully landscaped. High speed internet included in maintenance fees which is great for investment **** EXTRAS **** stainless steel fridge, stove, dishwasher. Stacked front load washer/dryer, all window roller blinds and electrical light fixtures, parking and locker (id:51158)
510 - 18 Valley Woods Road
Toronto, Ontario
Welcome to this immaculate, condominium with views of the Toronto skyline at a distance. 510-18 Valley Woods Rd is well-kept and clean, this unit features an open-concept layout, modern kitchen, and one bedroom and bathroomWelcome to this immaculate, condominium with views of the Toronto skyline at a distance. 510 Valley Woods Rd is well-kept and clean, this unit features an open-concept layout, modern kitchen, and one bedroom and bathroom. Large windows ensure plenty of natural light throughout the day.Conveniently located near major highways, commuting is a breeze. Perfect for first-time buyers and real estate investors, this condo offers both comfort and a solid investment opportunity.. Large windows ensure plenty of natural light throughout the day.Conveniently located near major highways, commuting is a breeze. Perfect for first-time buyers and real estate investors, this condo offers both comfort and a solid investment opportunity. (id:51158)
15 Albright Road, Unit #1005
Hamilton, Ontario
Perfect for first time home buyers. Top floor location with large balcony and view of escarpment. Good location minutes to Red Hill Valley Parkway, the Linc., highways, schools, public transit, and parks. Inground pool tennis court, exercise room, party room, playground and visitor parking. (id:51158)
1607 - 85 Emmett Avenue
Toronto, Ontario
Move In Ready & Spacious 1 Bedroom + Den Unit. Offering An Open Concept Living & Dining Space, A Large Master Bedroom With Walk-In Closet, A Den That Is A Separate Room with Large Windows, Wood Floors Throughout & Beautiful South East Views From Your Private Balcony. Don't Miss Out On This Amazing Opportunity! Extremely Convenient Location with Bus Stop At Door & Situated Just Mins to Major Hwys 400/401/427. Beautiful Parks, Humber River, Trails, York Recreation Centre All Nearby. Awesome Amenities in Building - Outdoor Pool, Billiards Room, Gym, Sauna & More! **** EXTRAS **** Fridge, Stove. (id:51158)
1378 Cannon Street E
Hamilton, Ontario
Welcome to the most charming starter home in the heart of the highly sought-after Crown Point neighbourhood! This beautiful 3-bedroom, 1-bathroom house is a perfect blend of modern updates and timeless character, ideal for first-time buyers and small families looking for comfort and convenience. Step into the updated kitchen and bathroom, where contemporary finishes meet classic charm, creating spaces that are both stylish and functional. The finished basement offers a versatile additional living space – perfect for a family room, home office, additional bedroom or playroom... the possibilities are endless! With a new furnace and upgraded plumbing (2023) you can move in with peace of mind, knowing that essential updates have already been taken care of. Outside, features a fully fenced big, beautiful backyard with a deck that provides a breezy oasis for relaxation and play. Imagine summer barbecues, gardening, or simply enjoying the fresh air with friends and family. Located close to all amenities, including vibrant Ottawa Street with shops, dining and the farmers market. This makes running errands and outings a breeze. Easy highway access and being right on a bus route, make commuting is a cinch. Don't miss this opportunity to own a charming, move-in-ready home in the desirable Crown Point neighbourhood. Book your showing today and take the first step toward making this house your home! (id:51158)
125 Shoreview Place Unit# 213
Hamilton, Ontario
Enjoy living by the lake in this beautiful 1 bedroom condo. Relax on your private balcony with serene green space views and the walking path leading to Lake Ontario. This 5 year old waterfront condo complex also offers an amazing roof top terrace with stunning unobstructed views of the lake, exercise room, party room w/kitchen, & bicycle storage. The unit is heated and cooled with an energy-efficient Geo-Thermal system and comes with 1 underground parking spot. This unit is for anyone looking for a lakeside lifestyle as it is only few steps to a sandy beach and extensive waterfront trail system. Perfect for young professionals, retirees, or commuters as the complex provides easy access to the highways & close to all amenities. (id:51158)
229 Tolton Avenue
Hamilton, Ontario
This delightful home offers a comfortable and practical layout, perfect for first-time buyers or those looking to downsize. Let’s explore its features: The large living room is spacious creating a warm and inviting atmosphere. It’s an ideal spot for family gatherings or quiet evenings. The kitchen boasts newer cabinets and appliances (which are included), making meal preparation a breeze. Enjoy casual dining in the cozy eat-in area. Two spacious bedrooms, primary is large (18' X 8'6") provide ample space for rest and relaxation. Situated in the friendly Normanhurst community, this home is close to public transportation, making your daily commute convenient. Plus, it’s just a short distance from schools, shopping centers & major highways. Whether you’re starting a new chapter or enjoying your retirement years, this home caters to both lifestyles. Shingles replaced in 2021. Updated hi-efficiency baseboards 2023. 2 sheds included. Don’t miss out on this wonderful opportunity! Schedule a viewing today. (id:51158)
309 - 234 Albion Road
Toronto, Ontario
Bright & Spacious Updated 2-Bedroom Condo In Great Location with Open Concept Living & Large Balcony. Perfect for First Time Homebuyers or Downsizers. One Parking Space & Ensuite Laundry. Close to Hwys 400, 401, 427, TTC, Schools, Humber River Trail & Golf Course. Building Amenities Offer an Outdoor Pool, Gym, Recreation Room & Sauna. All Utilities Included in Maintenance Fee with Low Property Tax. **** EXTRAS **** Condo Fees Include Heat, Hydro, Water, Building Insurance Plus Building Amenities. (id:51158)
906 - 20 Joe Shuster Way
Toronto, Ontario
Beautiful Junior One Bedroom Unit With Open Balcony And Locker! Open Concept Functional Layout, High-End Finishes: Modern Kitchen, stainless steel appliances, Granite Counter, Tiled Backsplash, Laminate Flooring Throughout, Ensuite laundry, Amenities Including Gym, Party Room, Meeting Room, Lounge. Located In Popular King West Area Just West Of Liberty Village. TTC At Your Door steps! Walk To Longos Grocery store, Shoppers Drug Mart, Canadian Tire, McDonald's, PetSmart and Winners, Shops And Restaurants. Steps To Ttc, Liberty Village minutes away, LCBO, Starbucks, Goodlife Fitness and much more! **** EXTRAS **** All Existing Electrical Light Fixture, window coverings, Fridge, Stove, Dishwasher, Microwave with built in Fan, Washer and Dryer (id:51158)
106 - 5 Massey Square
Toronto, Ontario
Well Maintained Stunning 1 Bedroom Condo Unit.Ideal for first-time buyers. Prime Toronto location,Situated along the Bloor-Danforth subway line.With grocery stores and malls just minutes away, convenience is at your doorstep. Enjoy the serenity of Dentonia Park and Taylor Creek nearby.Hassle-free and efficient condo management.24/7 concierge and security in the building.In-unit laundry Available, Large Closets,Carpet Free Floors. Only 5 min walk to TTC Subway Station. Say goodbye to elevator waits with a bright first floor unit.Welcome home! **** EXTRAS **** Revel in the luxury of a Crescent Town Club Membership, granting access to gym, pool, and rec facilities. All Included!! With daycare and medical facilities onsite, convenience is unparalleled.All this and more,with low maintenance fees. (id:51158)
910 - 2929 Aquitaine Avenue
Mississauga, Ontario
Prime location! Don't miss out on this fantastic opportunity to own a 2 bed 2 full bath condo that has been meticulously maintained. Feel comfort knowing that kitchen counter top have been recently replaced. A great balcony view overlooking the city. Open concept kitchen, dining and living space provides a modern layout. Benefit from easy access to public transit, highways, schools, supermarkets, malls, and public parks, ensuring convenience and accessibility for all your lifestyle needs. **** EXTRAS **** 23 hr notice as the property is currently tenanted. (id:51158)
101 - 1005 Nadalin Heights
Milton, Ontario
Step into a vibrant lifestyle with this stunning 1-bedroom condo in Milton's highly desirable Wilmott neighbourhood, crafted by the renowned Mattamy Homes. This unit radiates pride of ownership and is perfect for first timers, savvy investors, commuters, and empty nesters alike. Enjoy seamless access to the 407, QEW, and 401, making your commute a breeze. The open-concept kitchen is a chef's dream, boasting granite countertops, stainless steel appliances, stylish dark maple cabinets, a large breakfast bar, and chic upgraded backsplash and light fixtures. Practicality meets elegance with a front-load washer/dryer and modern flooring throughout.Step outside to your covered terrace, perfect for morning coffee or evening relaxation. Additional conveniences include an owned locker and underground parking. The location is unbeatable, with the community and recreation centre, shopping, scenic trails, and a wealth of green spaces at your doorstep. Just steps away from the sprawling Milton Community Park, this condo offers a dynamic and fulfilling lifestyle. (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.