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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..

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For sale $414,000
House For Sale in hamilton, 303 - 427 ABERDEEN AVENUE

303 - 427 Aberdeen Avenue

Hamilton, Ontario

1 Bedroom 1 Bathroom
Conveniently located between the escarpment & Locke street, this upscale unit at urban west offers easy access to McMaster University, Innovation Park, the Bruce Trail and the 403 surrounded by fantastic shops, dining, transit and more. Entering you'll find an updated open concept layout featuring hardwood flooring, stainless appliances, stone and barn board accent walls and was freshly painted in May 2024. Enjoy expansive views of the local neighbourhood from the floor to ceiling windows and Juliette balcony. Perfect for commuters or as a starter/downsize home. In-suite laundry, a storage locker and spacious roof top patio offering stunning views from escarpment to downtown complete this exceptional, move in ready unit. (id:51158)
Homes for sale in Hamilton
For sale $399,997
House For Sale in hamilton, 134 Balmoral Avenue N

134 Balmoral Avenue N

Hamilton, Ontario

3 Bedroom 1 Bathroom 1129 sqft
Handyman /Contractor's special. Sold as is and must be a cash firm offer (No Conditions). Buyer can bring home inspector prior to submitting offer. “Estate Sale” had some wqter damage. Great location and lots of old wood charm. Vintage stain leaded glass and more. French sliding door between livingrm/dining rm. 121.5 ft huge deep lot backing onto alleyway. 19'new gas furnace. Central air conditioner is not connected to the furnace as is. Great value and won't last. Offers anytime. (id:51158)
Homes for sale in Hamilton
For sale $149,850
House For Sale in hamilton, 309 GRAYS Road
Restaurant

309 Grays Road

Hamilton, Ontario

1000 sqft
Welcome to this turnkey culinary gem in the heart of the city! This highly-rated restaurant, centrally located on bustling Grays Road just off King Street and the QEW, offers easy access and efficient takeout delivery routes throughout the city. With a stellar 4.6-star rating on Google, this establishment can be yours, complete with all the equipment you could possibly need, including a walk-in fridge and a potential for LLBO. Situated on a corner lot, the restaurant enjoys significant exposure to foot traffic from the growing neighborhood, nearby businesses, schools, and local traffic. The spacious layout includes three washrooms, one of which is designated for employees. Additionally, the business features separate rear entrances for convenient deliveries. (id:51158)
Homes for sale in Hamilton
For sale $499,000
House For Sale in hamilton, 180 LIMERIDGE Road W|Unit #502

180 Limeridge Road W, Unit #502

Hamilton, Ontario

2 Bedroom 1 Bathroom 981 sqft
Welcome to your new oasis in the heart of Hamilton's sought-after West Mountain neighbourhood! This spacious 2-bedroom condo offers nearly 1,000 sqft of bright, airy living space, boasting spectacular views of greenery and parkland right from your windows. The Den faces East; living/dining & primary bedroom face North. Step inside to discover a well-designed layout with an open concept that invites natural light to fill every corner. The highlight of this condo is the expansive living area, perfect for relaxing or entertaining, complemented by lovely panoramic views that create a serene atmosphere. This unit features a 5-piece bathroom complete with both a separate shower and bathtub, adding a touch of luxury to your daily routine. Recent upgrades, including newer appliances, luxury vinyl plank flooring, furnace & AC, light fixtures, and fresh paint throughout, ensure a move-in ready experience. Convenience is key with in-suite laundry and an underground parking spot for year-round security. Plus, you'll have your own exclusive locker for additional storage. Located just a short drive away from Mohawk College, shopping centres, and easy highway access, this condo is ideal for commuters, first-time buyers, young professionals, or downsizers looking for comfort and convenience in a peaceful and quiet building. Don't miss your chance to own this gem of a condo in one of Hamilton's most desirable locations. Schedule a viewing today and make this your new home sweet home! (id:51158)
Homes for sale in Hamilton
For sale $499,000
House For Sale in hamilton, 318 - 150 WILSON STREET W

318 - 150 Wilson Street W

Hamilton, Ontario

1 Bedroom 1 Bathroom
Lovely 1 bedroom condo unit in popular, ""The Mews"", within easy walking distance of shops, banks and grocery stores; bus service at your door, includes 1 parking space. Large, bright living and dining room area provide plenty of space for comfortable enjoyment. Spotless Kitchen with plenty of storage. Beautiful Sunny balcony off the living room overlooking beautiful treed area. Generous size Primary bedroom with walk-in closet. Recently updated 4-piece bathroom with accessibility features installed. In-suite laundry. Unit now vacant & easy to show. Lovely 1 bedroom condo unit in popular, ""The Mews"", within easy walking distance of shops, banks and grocery stores; bus service at your door, includes 1 parking space. Large, bright living and dining room area provide plenty of space for comfortable enjoyment. Spotless Kitchen with plenty of storage. Beautiful Sunny balcony off the living room overlooking beautiful treed area. Generous size Primary bedroom with walk-in closet. Recently updated 4-piece bathroom with accessibility features installed. In-suite laundry. Unit now vacant & easy to show. (id:51158)
Homes for sale in Hamilton
For sale $389,999
House For Sale in hamilton, 603 - 23 MAIN STREET

603 - 23 Main Street

Hamilton, Ontario

2 Bedroom 1 Bathroom
Welcome to 23 Main St. #603, a spacious and bright 2 bedroom condo conveniently nestled within downtown Dundas, just steps away from restaurants, cafes, boutiques, and shops. This top floor unit offers a spacious living room, large primary bedroom, second bedroom, 4-pce bath, kitchen and fantastic screened balcony to relax in. Perfect for first-time buyers, down-sizers, or investors. Brand new carpet and AC unit. New balcony windows to be installed prior to occupancy. (id:51158)
Homes for sale in Hamilton
For sale $429,900
House For Sale in hamilton, 53 Cannon Street W

53 Cannon Street W

Hamilton, Ontario

3 Bedroom 2 Bathroom 1623 sqft
ATTENTION INVESTORS & FIRST TIME BUYERS! This property boasts convenience and versatility in Hamilton's Downtown core. With 1,676 sq.ft. including 4 bedrooms, 2 bathrooms and 2 kitchens, it offers the ideal setup for maximizing rental potential. Whether you're seeking a savvy investment or a comfortable home to reside in and rent out the other unit, this property promises a great opportunity. CAN BE PURCHASED WITH 55 CANNON ST W. Located in a fantastic downtown location on a bus route, close to West Harbour Front GO station, restaurants. Lock St, trendy shops, and schools. Don't miss it!. (id:51158)
Homes for sale in Hamilton
For sale $379,900
House For Sale in hamilton, 502 - 36 JAMES STREET S

502 - 36 James Street S

Hamilton, Ontario

2 Bedroom 1 Bathroom
Offers anytime, no catch! Renovated corner-unit in the esteemed Pigott building boasting 2 bedrooms and 1 bathroom. Experience an airy open-concept living space surrounded by windows, adorned with finishing touches like the stone feature wall, upgraded flooring, marble fireplace, granite counters, and stainless steel appliances. Both bedrooms offer ample space and abundant natural light, complemented by generous closet space. Enjoy access to communal amenities such as exercise and party rooms, all infused with historic charm. This unit also includes in-suite laundry, a locker and underground parking for added convenience. Ideally situated within walking distance to the vibrant dining and shopping scene of James St N, with easy access to the 403 and McMaster University just a short drive away. Condo fees include heat and water. (id:51158)
Homes for sale in Hamilton
For sale $440,000
House For Sale in toronto, 1902 - 330 DIXON ROAD

1902 - 330 Dixon Road

Toronto, Ontario

2 Bedroom 1 Bathroom
Welcome To Tridel Condo Built For Life. This Well Maintained Two Bedrooms Condo In A Prime Location In Etobicoke! Boasting a Large Living Room Leading To a Walkout Balcony with Floor to Ceiling Windows. This Unit Offers a Beautiful Unobstructed View & Lots Of Sunlight, Ensuite Laundry and 2 Generous Sized Bedrooms. Large Primary Bedroom With a Walk-In Closet. One Underground Parking. Very Close To Airport, Easy Access To Hwy 401, Hwy 427, School, Shopping Plaza, Banks, Bus Transit, No Frills and MORE! **** EXTRAS **** Fridge, Stove, Washer, Dryer. All Elf's. Reasonable Maintenance Fee. Min To Airport & Hwy 401 & 427. Great Amenities: Gym, Party/Meeting Room, Security & Etc. Ensuite Large Storage (Ensuite Laundry Can Be Converted Into Den), Low Taxes. (id:51158)
Homes for sale in Toronto
For sale $269,900
House For Sale in hamilton, 183 NORMANHURST AVENUE

183 Normanhurst Avenue

Hamilton, Ontario

3 Bedroom 1 Bathroom
Hidden Gem with Endless Potential! This charming bungalow, featuring a full basement with separate entrance, awaits its next chapter in the hands of visionaries. Though bearing scars from a fire, this property is brimming with promise for renovators or builders seeking their next project. Uncover the beauty within and transform this diamond in the rough into a masterpiece that will stand as a testament to creativity and innovation. Embrace the challenge; let your imagination soar within these walls and breathe new life into this Normanhurst Bungalow. (id:51158)
Homes for sale in Hamilton
For sale $399,999
House For Sale in toronto, PH213 - 99 BLACKWELL AVENUE

Ph213 - 99 Blackwell Avenue

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to your new home in the sky! This spacious and bright 1-bedroom, 1-bathroom penthouse condo offers scenic views of the city and Lake Ontario from the topmost level of the building.Located just across from Malvern Town Centre, this condo offers the perfect blend of convenience and luxury living.Step inside to find a newly painted, open-concept layout with laminate flooring throughout, creating a modern and inviting space.Enjoy the convenience of ensuite laundry, 1 parking spot, and 1 locker included with the unit. Plus, with low property taxes, this condo is not only luxurious but also affordable.The building itself offers an array of amenities, including a gym, indoor pool, sauna, squash court, visitor parking, party room, and 24-hour security system, ensuring that your every need is met.Located just minutes from Highway 401 and Scarborough Town Centre, commuting is a breeze.This condo is also close to shopping, library, park, and schools, making it an ideal location for families. Don't miss out on the opportunity to live in luxury with unbeatable views. **** EXTRAS **** N/A (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, 705 - 17 RUDDINGTON DRIVE

705 - 17 Ruddington Drive

Toronto, Ontario

2 Bedroom 1 Bathroom
Here are five concise reasons to buy Willow Park At Bayview, 1-Enjoy exclusive living in the coveted Boutique Condo community; Award Winning Architecture, 2-Save money with lower property taxes ,3-Experience the tranquility of North York living, 4-Easy access to Seneca College, University of Toronto, and York University. and Other institutions, 5-Close to Bayview Village Shopping Centre & Highways 401, 404 and 407, TTC at doorstep - Bayview and Finch Subway stations nearbyExtras:1 Bedroom + Den-Can Be 2nd Bedroom *Excellent Layout * 9' Ceiling * Approx 663 Sf + Balcony * Open Concept Executive Hours Concierge, Guest Suite, Party room for entertaining, Well-Equipped Gym (id:51158)
Homes for sale in Toronto
For sale $379,900
House For Sale in hamilton, 36 JAMES Street S|Unit #502

36 James Street S, Unit #502

Hamilton, Ontario

2 Bedroom 1 Bathroom 1017 sqft
Offers anytime, no catch! Renovated corner-unit in the esteemed Pigott building boasting 2 bedrooms and 1 bathroom. Experience an airy open-concept living space surrounded by windows, adorned with finishing touches like the stone feature wall, upgraded flooring, marble fireplace, granite counters, and stainless steel appliances. Both bedrooms offer ample space and abundant natural light, complemented by generous closet space. Enjoy access to communal amenities such as exercise and party rooms, all infused with historic charm. This unit also includes in-suite laundry, a locker and underground parking for added convenience. Ideally situated within walking distance to the vibrant dining and shopping scene of James St N, with easy access to the 403 and McMaster University just a short drive away. Condo fees include heat and water. (id:51158)
Homes for sale in Hamilton
For sale $269,900
House For Sale in hamilton, 183 NORMANHURST Avenue

183 Normanhurst Avenue

Hamilton, Ontario

3 Bedroom 1 Bathroom 957
Hidden Gem with Endless Potential! This charming bungalow, featuring a full basement with separate entrance, awaits its next chapter in the hands of visionaries. Though bearing scars from a fire, this property is brimming with promise for renovators or builders seeking their next project. Uncover the beauty within and transform this diamond in the rough into a masterpiece that will stand as a testament to creativity and innovation. Embrace the challenge; let your imagination soar within these walls and breathe new life into this Normanhurst Bungalow. (id:51158)
Homes for sale in Hamilton
For sale $279,000
House For Sale in hamilton, 184 HIGHWAY 8
Restaurant

184 Highway 8

Hamilton, Ontario

2500 sqft
Opportunity Knocks! Indulge in the vibrant flavors of success with this thriving, well-established Indian restaurant. Boasting 90 covers and a coveted liquor license, this culinary gem has been delighting patrons for the past 4 years.Step into a fully-equipped kitchen featuring walk-in coolers, 14 feet hood ,deep fridges, not one but two 6-burner ranges, a traditional tandoor, hot plate, and much more . everything you need to unleash your culinary creativity and satisfy even the most discerning palates.Conveniently located near major highways, this restaurant is perfectly positioned for maximum visibility and accessibility. With a rent of just $6900 and 4 years remaining on the lease, plus the option to negotiate a new term, the possibilities for growth are endless.Don't miss your chance to own a slice of the culinary scene seize this opportunity today and turn your passion for food into a profitable venture. let's make your dreams a reality. One of the seller is RREA. (id:51158)
Homes for sale in Hamilton
For sale $488,000
House For Sale in mississauga, 511 - 1001 CEDARGLEN GATE

511 - 1001 Cedarglen Gate

Mississauga, Ontario

1 Bedroom 1 Bathroom
Welcome home! This gorgeous and spacious 1 bedroom condo features brand new laminate floors in main livingarea and bedroom and freshly painted thru-out. Picture windows let in lots of natural light. Great location, close to shops, highways, schools & hospital. Lobby and hallways newly renovated. Amenities includeL Hobby room, exrercise room, swimming pool, jacuzzi & sauna. Well managed and maintained, you will be proud to call this your new home. (id:51158)
Homes for sale in Mississauga
For sale $499,000
House For Sale in toronto, 1010 - 38 ELM STREET

1010 - 38 Elm Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Luxury Minto Plaza In The Heart Of Downtown, Functional Sun-Filled South Exposure CORNER Unit, Open Concept Living / Dining Room With Laminate Flooring, Extra Storage In Laundry Room, Spacious Bedroom W/ Laminate Flooring French Doors & Large Closet W/Glass Sliding Doors. Minutes To Eaton Centre, Dundas Square, Metropolitan University / Ryerson., T.T.C., Hospitals, And Shops. Well Managed Building With 100 Walk Score, 100 Transit Score & 90% Bike Score! **** EXTRAS **** Exceptional 608 Sqft Of Living Space! Amazing Amenities In The Building Including Indoor Pool, Sauna, Gym, Party Room, Outdoor Terrace With Bbq's & 24hr Security. Great Pied--terre Suite or for first time buyers & investors! (id:51158)
Homes for sale in Toronto
For sale $389,999
House For Sale in hamilton, 23 MAIN Street|Unit #603

23 Main Street, Unit #603

Hamilton, Ontario

2 Bedroom 1 Bathroom 770 sqft
Welcome to 23 Main St. #603, a spacious and bright 2 bedroom condo conveniently nestled within downtown Dundas, just steps away from restaurants, cafes, boutiques, and shops. This top floor unit offers a spacious living room, large primary bedroom, second bedroom, 4-pce bath, kitchen and fantastic screened balcony to relax in. Perfect for first-time buyers, down-sizers, or investors. Brand new carpet and AC unit. New balcony windows to be installed prior to occupancy. (id:51158)
Homes for sale in Hamilton
For sale $449,900
House For Sale in hamilton, 55 Cannon Street W

55 Cannon Street W

Hamilton, Ontario

4 Bedroom 2 Bathroom 1676 sqft
Welcome to your next investment! This property boasts convenience and versatility in Hamilton's Downtown core. With 1,623 sq.ft. including 4 bedrooms, 2 bathrooms and 2 kitchens, it offers the ideal setup for maximizing rental potential. Whether you're seeking a savvy investment or a comfortable home to reside in and rent out the other unit, this property promises a great opportunity. Located in a fantastic location just off Cannon St., close to West Harbour Front GO station, trendy shops, and schools. Don't miss it!. (id:51158)
Homes for sale in Hamilton
For sale OPEN HOUSE $449,900
House For Sale in hamilton, 362 John Street S|Unit #7

362 John Street S, Unit #7

Hamilton, Ontario

2 Bedroom 1 Bathroom 1004 sqft
Welcome to this charming 1000sqft, 2 bedroom, 1 bathroom condo nestled in a desirable West Hamilton neighbourhood. Ideal for first-time buyers, downsizers or investors, this condo offers the perfect blend of comfort, style, and convenience. Recently renovated with modern finishes and a spacious galley kitchen with stainless steel appliances, RO water system and ample cabinet space. Separate living and dining room, updated bathroom and convenient in suite laundry. Natural light streams in through large windows, creating a bright and airy atmosphere with views of the lake, downtown Hamilton and the escarpment. Everything you need is just steps away - from trendy restaurants and cafes to boutique shops and St. Joseph's hospital. Convenient access to public transportation and major highways, makes commuting to work or exploring the surrounding area a breeze. Experience urban living at its finest in this stylish condo in Hamilton. Move in and enjoy! (id:51158)
Homes for sale in Hamilton
For sale $449,000
House For Sale in hamilton, 482 JAMES Street N Unit# 104

482 James Street N Unit# 104

Hamilton, Ontario

2 Bedroom 1 Bathroom 795
Rarely Offered! Bright & Spacious Boutique Style Condo located on the very desirable James St N. Featuring open concept living, with updated kitchen & stainless steel appliances. Enjoy the separate dinning area, in-suite laundry, 2 large bedrooms, & hardwood floors. You will love the neutral tones, floods of sunlight and the almost 800 Sq. Ft. of living space! Don't miss this fantastic opportunity to get into the neighbourhood, ideally located within Walking distance to The West Harbour Go, Downtown core , Shops on James St, Waterfront development & More! (id:51158)
Homes for sale in Hamilton
For sale $498,888
House For Sale in mississauga, 159 - 4975 SOUTHAMPTON DRIVE

159 - 4975 Southampton Drive

Mississauga, Ontario

1 Bedroom 1 Bathroom
Plaese note that Some Pictues are Virtually Staged. Great Value - Most Sought After End Unit By Daniels Built Community. A private fence Terrace with an Oversized Patio for your Enjoyment. New Bathroom Vanity, Toilet & Light Fixture. Newly Painted Unit. With New Window Coverings, Newer Stacked Washer & Dryer - Ensuite Laundry. Parking Spot Directly in front of Unit. Beautiful Ceramic Backsplash in the Kitchen with Stainless Steel Appliances. Great Location. Close to Grocery Stores, Banks, Rona & Various Restaurants. Near Credit Valley Hospital, Schools, Erin Mills Town Center, Erin Meadow Community Center, HWY 403 and Public Transit. **** EXTRAS **** Stainless Steel Stove, Fridge and Built-In Dishwasher, Newer Stacked Washer & Dryer, Air conditioning, All Electrical Light Fixtures, All Window Coverings. And A Private Patio/Terrace. (id:51158)
Homes for sale in Mississauga
For sale $489,000
House For Sale in toronto, 208 - 2A CHURCH STREET

208 - 2a Church Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to 2A Church! This junior 1-bedroom unit is a must-see! Featuring a bright and open concept Kitchen/Living area with large windows, this unit offers an amazing opportunity for first-time homebuyers or investors. The building has great amenities including concierge, exercise room, outdoor pool, party/meeting room, rooftop deck/garden, and terrace lounge with BBQs. With an unbeatable location steps away from St. Lawrence Market, the Financial District, fabulous restaurants & patios, Union Station, and the waterfront, this condo offers the best of downtown living. Don't miss out on this opportunity! (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, 3707 - 357 KING STREET W

3707 - 357 King Street W

Toronto, Ontario

1 Bedroom 1 Bathroom
Motivated Seller!!! Experience Living On King St. W At Great Gulf's Luxurious Condo At The Iconic 357 Kings West In The Heart Of Downtown Toronto. Bright & Spacious 1 Bedroom, Functional Floor Plan, Modern & Sleek Finishes, Seamlessly Flows Into The Gourmet Kitchen W/ Stainless Steel Samsung Appliances & Ample Cabinetry, Floor-To-Ceiling Windows. Custom Privacy Blinds In Living & Bedroom. Panoramic Views Of Downtown & Lake Ontario. Minutes To Toronto's Entertainment District And Financial Core Area Neighboring Downtown's Best Restaurants, Bars And Coffee Shops With Easy Ttc Access! A Must See! **** EXTRAS **** S/S Stove, S/S Fridge, Built-in Microwave and Range Hood, Washer and Dryer. (id:51158)
Homes for sale in Toronto

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.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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!

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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 Listing, Homes for Sale

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.