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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..
3707 - 357 King Street W
Toronto, Ontario
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)
E - 2371 Weston Road
Toronto, Ontario
Excellent Convenience & Vape Store in Toronto, ON is For Sale. Located at the busy intersection of Hwy 401 & Weston Rd. High Traffic Area and Popular Neighbourhood Convenience/Vape Store. Surrounded by fully residential neighbourhood, apartment buildings, schools, close to Weston Golf Club and more. Business with Good Sales, Low Rent, and Long Lease. Vape Shop is growing. There is lot of potential for business to grow even more. Rent: $2995/m including TMI & HST, Lease: Existing + 5 Years option to renew. (id:51158)
2405 Fairview Street
Burlington, Ontario
Your chance to run your own Restaurant in busy Central Burlington location. Square footage provided by landlord in lease documents. Suitable for any type of restaurant. Well established Asian Cuisine with over 10 years, surrounded by businesses. This is a busy, well maintained, clean restaurant with ample space up to 120 seats including private dining/party rooms. Ample plaza parking. Close to Highway, serving many offices in surrounding area. Rent =$12,416.81 inclusive of TMI $3,470 (id:51158)
1002 - 238 Albion Road
Toronto, Ontario
This Spacious 2 Bedroom, 1 Bathroom Condo w/ upgraded kitchen, & laminate flooring throughout is move in ready. Offering space and breathtaking city views from the walk out terrace. The primary bedroom features his/hers closet with ample space for a king size bed. With ensuite laundry, and 1 underground parking space. Ideal for first-time buyers or families seeking a blend of affordability and luxury. Plus, all utilities are included maintenance fee! **** EXTRAS **** Fridge,Stove, Microwave, washer and dryer (id:51158)
2405 Fairview Street
Burlington, Ontario
Your chance to run your own Restaurant in busy Central Burlington location. Square footage provided by landlord in lease documents. Suitable for any type of restaurant. Well established Asian Cuisine with over 10 years, surrounded by businesses. This is a busy, well maintained, clean restaurant with ample space up to 120 seats including private dining/party rooms.Ample plaza parking. Close to Highway, serving many offices in surrounding area. Rent=$12,416.81 inclusive of TMI $3,470 (id:51158)
115 - 470 Dundas Street E
Hamilton, Ontario
Brand New Condo In Sought After Trend 3 Built By The Award Winning New Horizon Development Group. This Stunning Ground Floor Unit Has Extensive Upgrades Including Quartz & Vinyl Plank Throughout. Enjoy All Of The Fabulous Amenities That This Building Has To Offer; Including Party Rooms, Modern Fitness Facilities, Rooftop Patios And Bike Storage. Unit Also Features In-Suite Laundry, 1 Locker & 1 Surface Parking Space! Only 10 Minutes From The Go Station, 15 Minutes Away From Downtown Burlington And 18 Minutes To Downtown Hamilton, This Is The Perfect Location! (id:51158)
114 - 470 Dundas Street E
Hamilton, Ontario
Brand New Condo In Sought After Trend 3 Built By The Award Winning New Horizon Development Group. This Stunning Ground Floor Unit Has Extensive Upgrades Including Quartz & Vinyl Plank Throughout. Enjoy All Of The Fabulous Amenities That This Building Has To Offer; Including Party Rooms, Modern Fitness Facilities, Rooftop Patios And Bike Storage. Unit Also Features In-Suite Laundry, 1 Locker & 1 Surface Parking Space! Only 10 Minutes From The Go Station, 15 Minutes Away From Downtown Burlington And 18 Minutes To Downtown Hamilton, This Is The Perfect Location! (id:51158)
1101 - 10 De Boers Drive
Toronto, Ontario
Stunning and Modern 2 Bedroom + Den Condo with Unobstructed Views, ideally situated right across from Sheppard West Subway Station. This functional layout is sure to impress! Featuring stainless steel appliances, large windows, a spacious primary bedroom with a walk-in closet and 4-piece ensuite bath, an open-concept kitchen, a bright living room, a generous-sized den, a large second 3-piece bathroom, and more. Prime location with easy highway access. Don't miss out on this opportunity! **** EXTRAS **** Washer, Dryer S/S Fridge, S/S Dishwasher, S/S Stove, S/S Microwave (id:51158)
208 - 1787 St Clair Avenue W
Toronto, Ontario
Welcome To The Lovely Scout Condos. An Excellent Opportunity To Live In A Vibrant And Quick Growing St. Clair West. Walk To The Stockyards District At Keele & St Clair or Walk To Trendy Cafes And Restaurants! This Stunning One Bedroom Open Concept Layout Has Gorgeous Balcony Views. Laminate Throughout, Modern Kitchen With A Decent Sized Bedroom With Full Floor To Ceiling Windows And Large Closet. Great Growing Neighbourhood And Community. Impressive Rooftop Party Room, Social Lounge, Outdoor Terrace And Bbq Area Overlooking The City Skyline On The South Side. Huge Fully-Equipped Gym And Yoga Studio. Concierge. On-Site Management. (id:51158)
302 - 222 Finch Avenue W
Toronto, Ontario
Welcome to 222 Finch Ave West in the upscale Willowdale West neighborhood. This 1-bedroom condo offers unobstructed North views from your balcony. The kitchen is equipped with stainless steel appliances, quartz counters, dishwasher and a microwave. Revel in the modern aesthetic with wide plank laminate flooring throughout. Enjoy the convenience of a stacked washer & dryer adjacent to the kitchen. Additionally, the unit comes with a premium parking spot conveniently located near the locker. The unit also comes with a locker to store all your seasonal belongings. Just a short walk to Finch Subway, 10 Min Drive to York University, and minutes away from Allen Rd & Hwy 401, Yorkdale, Costco and Restaurants. **** EXTRAS **** MIN 60 Days Closing. (id:51158)
151 - 415 Jarvis Street
Toronto, Ontario
Enjoy Quaint & Quiet Living In This Lower Level Stacked Townhouse Studio With A Private Entrance &Large 130 Sqft Patio + Bonus Gas Bbq Hookup. Spacious Kitchen With Oversized Breakfast Bar. LargeWalk-In Closet. New laminate floors (2023), new appliances (2024) - Stove, Fridge, Microwave ,dishwasher, kitchen faucet, air conditioner. Hot water tank owned. This Is Urban Living At Its Best& Steps Away From Ryerson University, Yonge-Dundas Square, Allan Gardens & The Eaton Centre. All TheExcitement Of Downtown Toronto At Your Doorstep - Shops, Restaurants, Transit & More! Make It YoursToday! **** EXTRAS **** B/I Appliances (id:51158)
407 - 1 Rean Drive
Toronto, Ontario
Fabulous Daniels' Built Ny Towers In Prime Bayview Village. Bright And Spacious Layout, 587 Sqft One Bedroom Suite, New Laminate Flooring Throughout, Open Concept, Modern Kitchen, Open Balcony, Primary Bedroom W/ Walk-In Closet & Large Window, Great Amenities, 24/7 Concierge, Indoor Pool, Exercise Room, Barbecue Place, Party Room, Visitors Parking, Steps To Subway, Bus Stations, Close To Highways (401 & Dvp), Hospital, Ymca, Schools, Restaurants And Bayview Village Shopping Mall, Absolutely Convenient! **** EXTRAS **** Existing Appliances: Fridge, Stove, Range Hood, Dishwasher, Washer & Dryer; All Window Coverings As-Is Condition; All Electrical Light Fixtures; One Parking; One Locker. Utilities Incl. (id:51158)
851 Queenston Road, Unit #706
Hamilton, Ontario
Beautiful updated 2 bedroom and 1 Bath condo unit with open concept living/dining room, new extended kitchen, counter tops, backsplash, doors/windows trim, bathroom tile/lights/accessories, pot lights, electrical switches/plug/covers, door handles/door stops, new appliances (Stove, Range Hood, dishwasher, washer, dryer, fridge), electrical fire place w/heater on a natural stone feature wall, in suite laundry, large open balcony w/Southern exposure. Excellent location, close to Redhill Expressway, QEW, confederation GO Station (currently being built), Eastgate square mall, shopping and much more. Underground parking & front of the building is currently under construction and unavailable for use until November 2024. Buyer to verify property taxes. For showings, please park in plaza across the street. Status Certificate ordered. Please attach Schedule B w/offers. RSA (id:51158)
3005 - 210 Victoria Street
Toronto, Ontario
Welcome To Pantages Tower Immersed In One Of Toronto's Most Lively Neighborhoods Just Steps From The Eaton Centre, TTC, Dundas Square, Restaurants, Bars, Theatres, Massey Hall, Universities, Hospitals, Grocery Stores & All Conveniences. This Spacious 1 Bedroom Offers Incredible City and Lake Views. Attention Investors! This building is allowing airbnb and short-term rental, the sellers earn high revenue from airbnb over $6,000 monthly. **** EXTRAS **** Eaton Center, Dundas Square, TMU, St. Michael's Hospital & many one of a kind restaurants in walking distance. Queen/Dundas subway stations at your doorstep. Perfect for investors. (id:51158)
13 Clinton Street
Hamilton, Ontario
Whether you are in an investor, a renovator or a first-time buyer looking for an affordable opportunity to get in the market or show off your renovation skills and design vision, this one is for you! Located in the Stipley neighbourhood just off of Sherman North and steps away from Lucy Day Park. close to schools, shopping, transit and more. Check out the latest happening in the Barton village! Catch a Ti-cat game or a movie at the playhouse theatre! It’s all happening here! Inside you will find a large eat in kitchen, a main floor office or den, living room (currently being used as a main floor bedroom), separate dining room (currently being used as the living room) and an upper level with 3 generously sized bedrooms. This brick Victorian features a large fenced yard complete with garden shed and deck for entertaining and relaxing, there is room for a family to grow here. Your next home or your next project, this one must be seen! (id:51158)
913 Queen Street E
Toronto, Ontario
The famous Leslieville Pumps General Store & Kitchen is available for purchase! This stalwart in Leslieville since 2010 and while the gas station has been gone for some years, the general store and restaurant still boast very impressive numbers and profitability on top of income for hands-off passive ownership. Located on the south side of Queen East in the heart of Leslieville between between Logan and Morse. Training to be provided. Please do not go direct or speak to staff or ownership. **** EXTRAS **** Great lease rate of $6,032 Gross including TMI with 1 + 5 + 5 + 5 years remaining. Limited seating inside this QSR/convenience store hybrid. Big 12-foot commercial hood and one big walk-in fridge. (id:51158)
144 Selkirk Avenue
Hamilton, Ontario
Fantastic opportunity for renovators, investors, or DIY enthusiasts!! One of the largest homes in the area, 144 Selkirk Avenue may just be the home for you. This 1.5 story house has an ideal layout, with a hard-to-find, 1124 sq ft of finished space above grade. On the main level, you will find a kitchen, living room, dining room with walk-out to the backyard, primary bedroom and full bathroom. Upstairs features 2 additional generous sized bedrooms and an additional walk-in closet. Also rare in this neighbourhood, this home features a full-height, 618 Sq ft unfinished basement, providing endless opportunities to add additional living space - another bedroom, bathroom, and/or recreational space! Fully fenced backyard and extra long driveway with parking for up to 3 vehicles. A little TLC will go a long way in this charming home. Transitioning area with many renovated homes in the neighbourhood. Proximity to transportation makes this property perfect for commuters - only 8 minute to the QEW, 16 minutes to the Hamilton GO Train Station, and 25 minutes to the Hamilton International Airport. Close to popular Hamilton attractions such as Dundurn Castle, various Hamilton waterfalls, conservation areas, and Gage Park. Wild Water Works and First Ontario Centre both within a 20 minute drive. Book at showing today! **** EXTRAS **** Interior painted - 2024. Roof - 2014. Updated kitchen cabinets & LVP flooring. Central A/C. Large garden shed in backyard. (id:51158)
2409 - 3 Michael Power Place
Toronto, Ontario
Welcome To This Beautiful Palais At Port Royal Place Building In The Islington City Centre West Neighborhood. Spacious And Bright 24th Floor 1 Bedroom Unit With Stunning Views. Stainless Steel Appliances, Granite Counters, Balcony, Parking & Locker. Located In Trendy Islington Village. Short Walk To Islington Subway Station, Bloor Street Shops, Restaurants, Parks. Great Hwy Access. **** EXTRAS **** Amazing Amenities Including Indoor Pool, Exercise Room, Sauna, Theatre, 24 Hour Concierge. (id:51158)
9 - 1033 Bay Street
Toronto, Ontario
Classic Italian Pizzeria For Sale In The Best Location In The City, Close To U Of T, The Space Has Dramatic High Ceilings, Clean With Excellent Pedestrian Traffic. Easy To Manage Business, 4 Years Left On The Current Lease Very Low Rent $3,100 Plus Hst With 5 Year Option. Currently Has Short Hours Can Be Expanded To Increase Sales. Steady Sales And Growing Every Month. All Chattels, Equipment, Included Just Turn The Key And Start Making Money! Perfect Business. (id:51158)
13 Clinton Street
Hamilton, Ontario
Whether you are in an investor, a renovator or a first-time buyer looking for an affordable opportunity to get in the market or show off your renovation skills and design vision, this one is for you! Located in the Stipley neighbourhood just off of Sherman North and steps away from Lucy Day Park. close to schools, shopping, transit and more. Check out the latest happening in the Barton village! Catch a Ti-cat game or a movie at the playhouse theatre! Its all happening here! Inside you will find a large eat in kitchen, a main floor office or den, living room (currently being used as a main floor bedroom), separate dining room (currently being used as the living room) and an upper level with 3 generously sized bedrooms. This brick Victorian features a large fenced yard complete with garden shed and deck for entertaining and relaxing, there is room for a family to grow here. Your next home or your next project, this one must be seen! (id:51158)
1209 - 1665 The Collegeway
Mississauga, Ontario
Retirement living at its finest! Parkland on the Glen is nestled in the heart of Mississauga's Sawmill Valley and situated adjacent to the beautiful Glenerin Inn and Spa. This spacious condo offers 9-foot ceilings, a large kitchen with full size appliances, granite countertops and a breakfast bar. Open concept dining and living room with hardwood floors and a walk out to an oversized balcony with stunning views of Sawmill Valley Trail. The private bedroom has a large double closet with a second walk out to the balcony offering spectacular panoramic views. Bathroom provides a shower and soaker tub. One parking spot and locker also included. Voted one of the city's best retirement communities offering exceptional amenities such as 24-hour concierge, in house Executive Chef, wellness activities, hair salon, movie theatre, transportation and so much more. Enjoy an independent lifestyle with the luxury of adding on customizable options for care and wellbeing. **** EXTRAS **** Mandatory monthly service pkg. of $770 + HST first occupant; $655+ HST second occupant. Includes meal credit, basic cable, phone, Internet. (id:51158)
6 - 495 Walkers Line
Burlington, Ontario
Low investment to buy yourself a job and be your own boss, turnkey business available for your investment, Well established variety store, over 40 yrs in business. easy to operate, great for family business, as per Seller: approximately $470k/yr gross sales, tobacco sales is about 50% of the gross sales, net profit about $70k/yr, plus approximately $37k/yr net commission of lotto sales. Rent $3560/mo, new lease in place ending in March 2029 (5+5 yrs). **** EXTRAS **** motivated Seller, great price for great business. (id:51158)
1114 - 478 King Street W
Toronto, Ontario
Excellent for 1st time home buyer! The Victory Condo In The Heart Of Downtown Toronto's Fashion And Entertainment District. Spacious Open Concept Studio With 9Ft Ceiling, Full Size Large Balcony, Engineered Hardwood Floor Through Out Unit Except Bathroom, Granite Counter Top Kitchen, Stainless Steel Appliances. **** EXTRAS **** All Elf, Fridge, Dishwasher, Microwave, Stainless Steel Stove, Stainless Steel Hood Vent, Stacked Front Load Washer And Dryer. (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.