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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..
Lph09 - 160 Vanderhoof Avenue
Toronto, Ontario
Modern City Lifestyle with a Convenient Location. Steps To TTC, Future LRT, Shopping (Smart Crt, Sobey's, HomeSense, Home Depot, Etc.) Schools & Parks. Great Investment Opportunity or Perfect for the Young Professional/Student. Building Amenities Offer a Wide Range of Entertainment Possibilities from Taking a dip in the Pool to BBQ'ing with Some Friends or Staying in for Movie Night at the Theatre. This Condo Truly Has It All !!! PET FRIENDLY!!! **** EXTRAS **** Stunning 487 Sf + 77 Sf Balcony Lower Penthouse Unit. Walk To Sunnybrook Park And Trails! Great Location ! Luxurious Amenities Incl: Fitness/Yoga Lounge, Indoor Pool, Media Lounge, Theatre, Party Room And Garden. (id:51158)
603 - 346 The West Mall
Toronto, Ontario
Urban living at its best in this fabulous unit located in the heart of Etobicoke's popular Bloordale Gardens neighbourhood. Just steps away from Bloor Street, with easy access to the 427 and TTC, this convenient location puts everything within reach.Spacious layout and desirable West exposure of this unit, offering a huge balcony with clear views. Upgrades including newer windows, kitchen, built-in roller blinds, and your own laundry room enhance the comfort and convenience of living here.With a well-maintained building and recent improvements, you can enjoy peace of mind along with the included condo fees covering ALL UTILITIES AND TAXES. **** EXTRAS **** combo washer/dryer, fridge, stove, roller blinds, all elf's except as excluded (id:51158)
3834a Bloor Street W
Toronto, Ontario
Excellent opportunity to own a Dry-Cleaning Depot & Plant. This business, located in a busy area, includes pants and shirts press machines but excludes dry cleaning machines. It is ideal for depot wholesale operations. Close to new condos and offices enhances its potential. Weekly sales average $3,000, with alterations for 30%. The rent is $3,500 (TMI included), and a new lease is available. This business has high growth potential and is well-suited for someone skilled in alterations and repairs. A full set of sewing machines is included. **** EXTRAS **** Not Franchise. (id:51158)
603 - 75 Queen Street N
Hamilton, Ontario
Priced to sell and filled with investor potential, welcome to the heart of urban living in the Strathcona neighbourhood of Hamilton! This 3-bed, 2-bath condo at 75 Queen Street North is an fantastic opportunity for both investors and first-time buyers. With over 1200 sqft, located near McMaster University and the Bayfront Park, this property promises future growth. Enjoy secure underground parking and luxurious amenities including a pool, sauna, gym, tennis courts and more. Surrounded by trendy cafes, shops, and cultural attractions, this condo epitomizes city living at its finest. Don't miss out on this lucrative investment. RSA. High-Speed Internet, Bell Fibe Cable, Water included in the monthly fees. **** EXTRAS **** Interior Features: Carpet Free, Concierge/Security, Fire Alarm System, Intercom, Lockers, Security System, Squash/Racquet Court (id:51158)
518 - 3100 Keele Street
Toronto, Ontario
Live Freely At The Keeley! Where Modern Living Meets The Tranquility Of Nature In Vibrant North York, Toronto. This Stunning 1-Bedroom Condo Offers An Urban Retreat With An Eastern View, Allowing You To Wake Up To Sunrises Every Day. This Thoughtfully Designed Unit Has A Functional, Open-Concept Layout With Ample Storage Space. Be Among The First Residents To Enjoy Amazing Amenities, Designed For All Ages And Stages Of Life. From A Children's Playroom, To A State-Of-The-Art Gym And All Kinds Of Interesting Spaces To Meet & Greet. Step Outside And Immerse Yourself In The Lush Greenery Of Downsview Park, A Large Destination Park Which Offers Everything From Nature and Education to Sports, Recreation, and Cultural Events. Close To Everything You Need Including Public Transportation, York University, Centennial College, Humber River Hospital & More. **** EXTRAS **** Parking & Locker. Upgraded Medicine Cabinet In Bathroom. Under Tarion Warranty. Maintenance Fees are Sub-metered and Billed by Carma. (id:51158)
802 Danforth Avenue
Toronto, Ontario
Turnkey quick service restaurant (QSR) that is ideal for franchises and independent operators tore brand. This is a prime location on the Danforth, just steps from the iconic Welcome To Greek Town sign and the legendary Square Boy Burgers. This is an up and coming foodie strip. The 1,300 sq ft space is on the sunny north side of the street. Seating for 30 and features a 1920s era tin ceiling. Commercial garage door window that opens to street + unique rear window that opens to side alley. Retro green striped awning in place for shaded patio. **** EXTRAS **** New lease provided with a gross rent of $6,200 including TMI and a 5 + 5 + 5 year term. 13 foot hood with pide pizza oven and other equipment/chattels but available for just about any setup. 1 walk-in and1 parking. (id:51158)
1306 - 1 Jarvis Street
Hamilton, Ontario
Step Into The Vibrant Heart Of Downtown Hamilton At 1 Jarvis Street! This Freshly Built Condominium Epitomizes Urban Living With Its Contemporary Design And Convenient Location. Step Inside This Luminous, Carpet-Free Dwelling Featuring One Bedroom And A Full Bathroom, Providing Ample Space For Comfortable Living. The Open-Concept Layout Is Perfect For Hosting Gatherings, Boasting A Modern Kitchen Outfitted With Stainless Steel Built-In Appliances &Quartz Countertops. Natural Light Floods The Inviting Living Area Through Full-Sized Sliding Doors, Leading To A Balcony The Perfect Spot For Your Morning Coffee Or Evening Cocktail. The Tranquil Bedroom Offers A Serene Escape, Complete With A Full-Height Window For Abundant Natural Light. Indulge In The Array Of Amenities Complemented By Attentive 24-Hour Concierge Service. Situated At The Core Of Hamilton, Enjoy Effortless Access To All Transit. (id:51158)
22 - 3455 Fairview Street
Burlington, Ontario
Amazing Opportunity To Own A Well Established Bubble Tea Franchise Situated In a Prime Retail Location In Burlington. Great Opportunity For the Entrepreneur To Own A Turn Key Profitable Business With Highly Skilled Staff. Beautiful Build Out With New Equipment & Fixtures. HighTraffic Area With Ample Parking In Plaza. HUGE Potential To Join One Of the Fastest Growing New And Reputable Brands Kung Fu Tea. Do NotGo Direct. Do Not Talk To Employees. Training Provided. **** EXTRAS **** LOW Rent of $2,424.50 Per Month + TMI First Lease Renewal August 2025 + Several Options to Renew. Lease Agreement + FranchiseAgreement Available (id:51158)
509 - 60 George Butchart Drive
Toronto, Ontario
Welcome To This Beautiful 1 Bedroom South Facing Cn Tower View Condo Right In The Heart Of 291 Acre Downsview Park. Step Inside To Discover An Inviting Open-Concept Layout With Floor-To-Ceiling Windows That Flood The Space With Natural Light. The Unit Boasts $10K In Builder Upgrades, Including Sleek Smooth Ceilings, Stylish Kitchen Island & High-End Finishes Throughout. You'll Love Cooking In The Modern Kitchen, Equipped With Full-Size S/S Appliances & Elegant Quartz Countertops. Spacious 105 SqFt Balcony, Perfect For Enjoying Morning Coffee Or Evening Sunsets. The Building Offers An Array Of Amazing Amenities Including Communal Bar, BBQ Area, 24/7 Concierge, Fitness Center With Yoga & Boxing Studios, Lounge, Children's Playground, Study Niches, Co-Working Space, Rock Garden, Pet Wash Area. This 7 Storey Luxury Boutique Building Has It All! Move In And Enjoy! **** EXTRAS **** Tarion Warranty, Perfect Location, Close To Subway, Go Station, Hospital, York University, Shopping And Major Hwy's 401/400/407 (id:51158)
6 - 2555 Dixie Road
Mississauga, Ontario
Sweet&Salty Bakery Excellent bakery pastry business with ample parking.Wholesale and retail business in fantastic location Dixie/Dundas.Close to Walmart,Costco,Go Station.Very good income producing bakery . **** EXTRAS **** List of equipment and chattels. (id:51158)
E - 2576 Haines Road
Mississauga, Ontario
Beautiful Automotive Mechanic and Body Shop In The Best Location Of Mississauga. It boasts An Excellent Location for High Visibility and Accessibility. Great Turnkey Opportunity, Royal Customers, Busy Business, Lovely Space Corner Unit. Large Drive In Door. Ample Parking, Low Rent, Lease Until 2027. (id:51158)
1619 - 1 Massey Square
Toronto, Ontario
Beautiful Home with Very Spacious living space. Enclosed Balcony Can be used as a Solarium Room or a Den. Building amenities such as an indoor pool, sauna, party room, gym and more. Underground parking and locker assignment. Amazing Location! Walking distance to Subway, Go Train, TTC, and LRT. Minutes to shopping, schools and more. Maintenance fee include Water, Heat, Hydro,.... **** EXTRAS **** Range Hood, Refrigerator, Stove, wall units air conditioner (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.