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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..
75 Queen Street N, Unit #603
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—contact us for details today. RSA High-Speed Internet, Bell Fibe Cable, Water, and more included in the monthly fees. (id:51158)
615 Shoreline Drive Unit# 17
Mississauga, Ontario
One of the only fully renovated condo townhouses in Mississauga at this price! First time home buyers and investors dream property in a fantastic location, close to Square One, Cooksville Go train station and all major highways, transit and shopping areas close by! This unit has elegant 9 foot ceilings, modernly paint and newer ceiling fixtures. Beautiful open concept layout with a nice white kitchen, stainless steel appliances and quartz countertops. Spacious bedroom with an additional office “nook” prefect for working at home and extra space. Lovely 4 piece upgraded bathroom with a tub. One car surface parking and very low relative condo fees! Excellent management that cares for their residents. This unit is move in ready. Nothing to do but move in and enjoy! (id:51158)
439 1/2 Cochrane Road
Hamilton, Ontario
Looking for value and affordability in Rosedale? you found it. located behind 439 Cochrane Rd on a laneway, this 2 bed home feat newer forced air furnace, 100 amps, siding, spray foam insulation- to make it your private oasis. Shed/bunkie has hydro and is perfect home office or retreat. One parking spot. (id:51158)
308 - 212 King William Street
Hamilton, Ontario
Welcome home to KiWi Condos by celebrated Rosehaven Homes. This is a 1 Bed + Den suite, with 9' ceilings, modern finishes, and large outdoor living space. The bright and functional kitchen features quartz countertops, and stainless steel appliances. An open concept floor plan has a functional living room, with walk out to the private 298 square foot terrace! Newly constructed, offering modern amenities and conveniences, KiWi Condos' many features include, concierge, rooftop terrace (with BBQs and stunning views!), pet wash station, a state-of-the-art gym, and party room with full kitchen access. This is an opportunity to be part of Hamiltons vibrant Downtown Core! Conveniently located steps to top rated Restaurant Row, theatres, Hamiltons historic International Village and much more. Photos taken prior to current tenant occupancy. **** EXTRAS **** Stainless Steel Kitchen Appliance Suite. In-suite laundry. Custom window coverings (id:51158)
509 - 479 Charlton Avenue E
Hamilton, Ontario
Discover urban luxury at 509-479 Charlton, Hamilton Centre. This 1-bedroom, 1-bathroom gem offers a walkable lifestyle with panoramic escarpment views. The bright, open-concept layout features floor-to-ceiling windows, custom upgrades, & pot lights throughout. Enjoy a gourmet kitchen with quartz countertops, upgraded appliances, under- cabinet lighting, & a peninsula for seating. The spacious bedroom boasts a walk-out balcony with stunning views. Benefit from insuite laundry, a carpet-free design, & underground parking with 1 storage locker. Community perks include a gym, party/meeting room, bike storage, & large outdoor terrace. Steps from Hamilton Rail Trail, Go station, 3 hospitals, this desirable location merges convenience & natural beauty. Ideal for those seeking modern elegance & vibrant city living. Furniture included - Just move in and enjoy! (id:51158)
901 - 50 Ann O'reilly Road
Toronto, Ontario
This sleek 2 bed 2 bath unit offers luxury living in Tridel Dorsay's esteemed community. Withpremium stainless steel appliances, granite countertops, designer bathrooms, and upgraded wide-plankflooring throughout, every detail exudes quality. Enjoy superb amenities, plus included parking and locker foradded convenience. With access to the future Sheppard Avenue LRT line and easy access to the 404,commuting is a breeze. (id:51158)
711 - 4978 Yonge Street
Toronto, Ontario
Presenting 711-4978 Yonge Street! Welcome home to this warm and inviting 1 Bedroom 1 Bathroom suite, open concept living space! Located in the desirable Yonge/Sheppard community. With tasteful upgrades, this impeccably clean suite has everything you're looking for in a home. The open kitchen overlooks onto the living room, with plenty of room for gatherings. Exit onto the covered balcony which extends the living space, where you can entertain friends and family. ** Direct Underground Access To Sheppard/ North York Subway, 24 Hr Concierge, Gym, Pool, Virtual Golf, Billiards, Games Room, Guest Suites and much more ** (id:51158)
479 Charlton Avenue E, Unit #509
Hamilton, Ontario
Welcome to urban living at its finest in the heart of Hamilton Centre! This sleek 1-bedroom, 1-bathroom condo at 509-479 Charlton offers a coveted lifestyle with panoramic views of the escarpment, perfect for the discerning buyer seeking both luxury & convenience. Step into a bright open-concept layout boasting floor-to-ceiling windows featuring custom blinds, pot lights, under-cabinet lighting, & upgraded flooring. The upgraded kitchen, features quartz countertops, a peninsula for seating, & top-of-the-line appliances, ideal for culinary enthusiasts. Retreat to the spacious bedroom with a walk-out to the balcony, offering a serene escape with stunning vistas as well as the convenience of in-suite laundry. Indulge in the building amenities including a gym, party/meeting room, bike storage, & large outdoor terrace. With an UNDERGROUND parking spot & storage locker, every need is met. Located steps from the Hamilton Rail Trail, 3 hospitals, GO train, & easy access to nearby dining, shopping, & entertainment options. Don't miss this opportunity to elevate your urban living experience! Just move in. Furniture included! (id:51158)
439 1/2 Cochrane Road
Hamilton, Ontario
Looking for affordable living in the heart of Rosedale? You found it. This 2 bed home was initially a sales centre for the survey, built in 1945 and located behind 439 Cochrane down a laneway. Features open concept living rm and kitchen, stackable laundry and full bath. The shed/bunkie has hydro and it is being used as a home office. Second shed for storage. One parking spot. Bonus: updated forced air furnace (2023), 100 amp (2007), spray foam insulation in ceiling (2023), siding (2015), roof (2013). survey available, Needs your finishing touches to make it your own. (id:51158)
212 King William Street Unit# 308
Hamilton, Ontario
Welcome home to KiWi Condos by celebrated Rosehaven Homes. This is a 1 Bed + Den suite, with 9' ceilings, modern finishes, and large outdoor living space. The bright and functional kitchen features quartz countertops, and stainless steel appliances. An open concept floor plan has a functional living room, with walk out to the private 298 square foot terrace! Newly constructed, offering modern amenities and conveniences, KiWi Condos' many features include, concierge, rooftop terrace (with BBQs and stunning views!), pet wash station, a state-of-the-art gym, and party room with full kitchen access. This is an opportunity to be part of Hamiltons vibrant Downtown Core! Conveniently located steps to top rated Restaurant Row, theatres, Hamiltons historic International Village and much more. Photos taken prior to current tenant occupancy. (id:51158)
241 - 1005 King Street W
Toronto, Ontario
Welcome to DNA 2 condos at King and Shaw. This gorgeous one bed condo with one parking spot is excellent choice for first time buyers and investors. Close to Trinity Bell woods, Stanley Park, King West, Queen West. Street car at your door step. This suite features concrete ceilings and laminate flooring throughout the living space. Kitchen has granite counter tops, stainless steel appliances.Bedroom with closet and juliet balcony. **** EXTRAS **** Stainless steel fridge, stove, dishwasher, washer, dryer, all electrical fixtures. (id:51158)
601 - 85 Robinson Street
Hamilton, Ontario
Stunning 1-bedroom + den condo built by Award-Winning Builder New Horizon Development Group! This spacious unit boasts over 740 sq ft of living space, is carpet-free throughout, and was freshly painted 2024. Overlook the escarpment from your private balcony while you enjoy a drink or your morning coffee. The unit also features Geo Thermal heating and cooling, approximately 9-foot ceilings, in-suite laundry, 1 underground parking space, and 1 locker! Many building amenities include 2 Fitness Rooms, Media Room, Party Room, Outdoor Terrace & Bike Storage. Just steps to Hamilton GO, St. Joe's Hospital & trendy James Street, this is the ideal location for any young professional. (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.