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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..
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 60% of the gross sales, net profit about $70k/yr, plus approximately $37/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)
411 - 16 Markle Crescent
Hamilton, Ontario
Amazingly Located 1 Bedroom 1 Bath Condo Apartment. Very Close To Highway 403, Schools, Many Shopping Centers, Parks, Golf Club And Bus Routes. 1 Underground Parking Spot . Building has great amenities, GYM, Large Party Room, Patio & BBQ area good for entertaining. (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)
212 - 800 Kennedy Road
Toronto, Ontario
Absolutely Stunning Two Bedroom Unit With Open Concept Living Room, Dining Room. Kitchen features Stainless Steel Appliances, Granite Counter Tops, Lots Of Solid Wood Cabinetry, Natural Stone Backsplash Tile And Newer Double Sink. Gleaming White Ceramic Tile In The Kitchen And Light Wood Vinyl Wide Plank Flooring Throughout. Recently Renovated Bathroom Boasts Soaker Tub. Freshly Painted Light And Bright Makes The Many Windows Offer Tons Of Light. 2 Year Old Air Conditioning Wall Unit In Excellent Condition. Walkout To A Beautiful South Facing Balcony To Enjoy A City View Or Privacy While On Your Bistro Set Or BBQing. Walk Score Is 89 With This Location Highlighting Access To Shopping And Transit. LRT, Kennedy Station, Grocery Store, Pharmacy And Go Train All Walkable. This Unit Will NOT Disappoint! (id:51158)
105 - 55 Neptune Drive
Toronto, Ontario
Affordable Value, Small Boutique Co-op Building, Sun-Filled Unti with Wall to Wall Picture Window, Steps To All Amenities. Newer Windows & Laminate Flooring Throughout, Renovated Bathroom, Nice Mature Area, Easy Access to Allen Expwy, 401, TTC, Subway & All Amenities. 1 Locker, Rented Surface Pkg $10 Month. Low Maintenance Fee Includes: Property Tax, Water & Heat! Unit must be owner occupied, Tenancies not allowed. **** EXTRAS **** Fridge, stove, all electrical light fixtures, all window coverings, co-op bldg. 35% down payment required. Note: No Elevator in Bldg. Nice Open Concept, Bright Layout. No Balcony, Estate Sale \"As Is Where Is.: (id:51158)
304 - 10 Woodman Drive S
Hamilton, Ontario
Welcome to 10 Woodman Dr S Unit #304 in Hamilton! This charming 1-bedroom, 1-bathroom condo offers the perfect blend of comfort, convenience, and contemporary living. Step inside and be greeted by the warm ambiance of laminate and ceramic floors that extend throughout the living space. Prepare your favourite meals in the eat-in kitchen, equipped with modern appliances and ample cabinet storage. The adjacent living room is bathed in natural light, creating a welcoming atmosphere for enjoying time with friends and family. The fully renovated bathroom is a sanctuary of modern luxury, featuring a sleek walk-in shower adorned with tasteful tile work and premium fixtures, ensuring rejuvenation after a long day. Unwind and take in the views from your private open balcony, a perfect spot for morning coffee or evening cocktails. Conveniently located just minutes away from the Red Hill, commuting and exploring the city has never been easier. Additionally, nearby grocery stores and restaurants provide endless dining and entertainment options right at your doorstep. With its unbeatable location, modern amenities, and tasteful updates, this condo offers a lifestyle of comfort and convenience that is truly unparalleled. Welcome home to your urban oasis! (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)
1010 - 410 Mclevin Avenue N
Toronto, Ontario
This Bright And Well Maintained Brand New Laminate Floor Throughout The Unit, Two Bedroom/Two Bathroom Unit Has A Functional Layout, With A Huge Master Bedroom Featuring His & Her Closets, Ample Storage Space And Ensuite . This family Friendly Complex Is Well Maintained, And Amazing Building Amenities Including Pool, Sauna, Party Room, Tennis Courts ,Gym & 24 hours Gated Security, Lots Of Green Space, And A Variety Of Amenities At The Walking Distance. (id:51158)
504 - 251 Jarvis Street
Toronto, Ontario
Functional Executive Style bachelor suite with modern finishes throughout, including wide plank flooring: upgraded gallery, kitchen with B/I appliances and quartz countertop. Good size balcony for quiet enjoyment. Ensuite laundry, amazing location close to Eaton center, (Ryerson university, George Brown College & university of Toronto bldg has premium amenities including A 24/7 security/ concierge, indoor/outdoor pool, party room, gym, rooftop deck & more... **** EXTRAS **** Built in Kitchen, Fridge, Dishwasher, Oven, Ensuite Laundry (id:51158)
10 Woodman Drive S, Unit #304
Hamilton, Ontario
Welcome to 10 Woodman Dr S Unit #304 in Hamilton! This charming 1-bedroom, 1-bathroom condo offers the perfect blend of comfort, convenience, and contemporary living. Step inside and be greeted by the warm ambiance of laminate and ceramic floors that extend throughout the living space. Prepare your favourite meals in the eat-in kitchen, equipped with modern appliances and ample cabinet storage. The adjacent living room is bathed in natural light, creating a welcoming atmosphere for enjoying time with friends and family. The fully renovated bathroom is a sanctuary of modern luxury, featuring a sleek walk-in shower adorned with tasteful tile work and premium fixtures, ensuring rejuvenation after a long day. Unwind and take in the views from your private open balcony, a perfect spot for morning coffee or evening cocktails. Conveniently located just minutes away from the Red Hill, commuting and exploring the city has never been easier. Additionally, nearby grocery stores and restaurants provide endless dining and entertainment options right at your doorstep. With its unbeatable location, modern amenities, and tasteful updates, this condo offers a lifestyle of comfort and convenience that is truly unparalleled. Welcome home to your urban oasis! (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)
1016 - 212 King William Street
Hamilton, Ontario
Looking For A Great Location, Look No Further Than Unit For Sale in Kiwi Condos Downtown Hamilton. This Unit Is Located On The 10th Floor And Offers A Bright Living Space With A Spacious Bedroom + Den And A Massive Balcony. You Will Love The Modern Design And The Quality Construction Of This Condo. Plus, You Will Have Access To Amazing Amenities Like A Gym, A Yoga Studio And More. Don't Miss This Opportunity To Live In One Of The Most Desirable Buildings In The City! Motivated Seller. **** EXTRAS **** Amenities: Social Room With Kitchen Facilities And Fireplace; Fitness Facility With Yoga Studio; Rooftop Terrace With Firepits, Seating And Dining Tables; Tech Lounge; Pet Wash Area; Bike Storage/ Repair Station. (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.