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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..
#1103 -45 Charles St E
Toronto, Ontario
Luxury Yorkville Condominium In Toronto's Upscale Yorkville/Bloor/Yonge Neighborhoods. This Cozy Studio Suite Offers Contemporary Comfort in a Prime Location. Euro Design Kitchen W/ Integrated Appliances. Luxury Chaz Club With Amazing View, Stylish Lobby, Outdoor Courtyard, Exercise Room, Games Room. Enjoy Proximity to Iconic Landmarks Such as Yonge-Dundas Square, the Royal Ontario Museum, and the Upscale Shops and Restaurants of Yorkville. Indulge in Culinary Delights at Nearby Eateries, or Take a Leisurely Stroll Through the Charming Streets of the Church-Wellesley Village. With Convenient Access to Public Transportation and Major Thoroughfares, Including the Yonge Subway Line and the Don Valley Parkway, the City Is Yours to Discover from This Central Location. **** EXTRAS **** Fridge, Stove, Dishwasher, Microwave, Range Hood, Washer And Dryer. (id:51158)
#1116 -38 Monte Kwinter Crt
Toronto, Ontario
Welcome to The Rocket Condos. Subway at your door! This is a comfortable 1 bedroom + den for your enjoyment. Large windows in suite. Centrally located in the GTA, live beside Yorkdale Mall, have easy access to 401/Allen Rd, short subway ride to Downtown Toronto, UofT, York University, or TMU. Great suite for First Time Home Buyer Or Investors. Parking/Locker included. Internet included in maint. **** EXTRAS **** S.S. Appliances: Fridge, Stove, Over-The-Range Microwave, Dishwasher, Washer And Dryer, Roller blinds, All Existing Light Fixtures, 1 Parking, 1 Locker, Maintenance Includes Internet. (id:51158)
#815 -1005 King St W
Toronto, Ontario
Welcome To The Beautiful DNA Condos, One Of King West's Most Sought After Addresses. This Bright, Well Laid Out Studio Is Ideal For Anyone Who Enjoys Downtown Living. Features - Exposed, 9' Concrete Ceilings, A Galley Style Kitchen With Stone Counters and Stainless Steel Appliances, 4pc Bath, Laminate Flooring Throughout, and North Facing Juliette Balcony. Walk To The Entertainment District, Transit, Shops, High-End Restaurants/Lounges/Bars, Grocery, Banks, Beside Massey Harris Park And More. **** EXTRAS **** Building Amenities; Rooftop Terrace, Party Room, Meeting Room, Media Room, 24hr Concierge Gym, Visitor Parking. (id:51158)
#707 -85 Robinson St
Hamilton, Ontario
Welcome to the City Square! This beautifully kept 1 bdrm condo features an open-concept design with a large main living area with hardwood floors, an eat-in kitchen with stainless steel appliances and granite countertops, a bedroom and a 4 pc bathroom with granite counters and in-suite laundry. Additionally the unit has a balcony, one underground parking space and a locker. This very convenient southwest location is in the Durand Neighbourhood near downtown Hamilton, just minutes away from St. Joseph's Hospital, Hamilton Convention Centre, Art Gallery of Hamilton, trendy restaurants & shops on Locke St. and Hess Village, Farmers Market, Highway 403, public transit and the Hamilton GO Centre for commuters. It is a perfect location for medical professionals or post-graduates. The condo fee of $522.04 includes heat, air conditioning, water, building insurance, exterior maintenance & common elements in the environmentally friendly GEO thermal building. **** EXTRAS **** Fridge, stove, dishwasher, washer, dryer, over-range microwave, electric light fixtures, window coverings. (id:51158)
#13 -625 Shoreline Dr
Mississauga, Ontario
Fantastic entry level Stacked townhouse with a modern feel, featuring 9 foot ceilings! Centrally located in Mississauga, steps from everything you need such as Cooksville go and Square one, all major highways and transportation as well as schools and shopping. This lovely unit has a open concept main area with a combined living and dining area. The kitchen is also open with a breakfast bar area, and plenty of cabinetry. The bedroom is large, featuring a double closet and perfect area for a home office nook with a large window. Nice 4 piece bathroom, 1 car parking on the surface. This complex is wonderful with relatively low maintenance fees compared to other units in town! The tenant is leaving June 1st, vacate possession possible after that date! Shows well! (id:51158)
625 Shoreline Drive Unit# 13
Mississauga, Ontario
Fantastic entry level Stacked townhouse with a modern feel, featuring 9 foot ceilings! Centrally located in Mississauga, steps from everything you need such as Cooksville go and Square one, all major highways and transportation as well as schools and shopping. This lovely unit has a open concept main area with a combined living and dining area. The kitchen is also open with a breakfast bar area, and plenty of cabinetry. The bedroom is large, featuring a double closet and perfect area for a home office nook with a large window. Nice 4 piece bathroom, 1 car parking on the surface. This complex is wonderful with relatively low maintenance fees compared to other units in town! The tenant is leaving June 1st, vacate possession possible after that date! Shows well! (id:51158)
85 Robinson Street Street, Unit #707
Hamilton, Ontario
Welcome to the City Square! This beautifully kept 1 bdrm condo features an open-concept design with a large main living area with hardwood floors, an eat-in kitchen with stainless steel appliances and granite countertops, a bedroom and a 4 pc bathroom with granite counters and in-suite laundry. Additionally the unit has a balcony, one underground parking space and a locker. This very convenient southwest location is in the Durand Neighbourhood near downtown Hamilton, just minutes away from St. Joseph's Hospital, Hamilton Convention Centre, Art Gallery of Hamilton, trendy restaurants & shops on Locke St. and Hess Village, Farmers Market, Highway 403, public transit and the Hamilton GO Centre for commuters. It is a perfect location for medical professionals or post-graduates. The condo fee of $522.04 includes heat, air conditioning, water, building insurance, exterior maintenance & common elements in the environmentally friendly GEO thermal building. (id:51158)
#308 -725 Don Mills Rd
Toronto, Ontario
Triple A+ Location. This Nicely Updated And Super Well Maintained Spacious One Bedroom + Den Is Perfect For Young Professionals, Couples and Even Small Family. Located in the Prime Commuting Area And Just Steps Away From The Eglinton LRT And Science Centre Station. Mins Away From The Don Valley Parkway And Close Access to Hwy 401 and Gardiner. Close to Schools, Grocery Stores, Shopping, Science Centre, And Shops At Don Mills. Includes 1 Parking and 1 locker. No Need To Look No Further **** EXTRAS **** Stainless Steel Fridge, Dishwasher, Oven and New Microwave and 1 window AC. FibeTV and Internet included. (id:51158)
#3305 -11 Brunel Crt
Toronto, Ontario
Luxurious West One Condominium In The Heart Of Downtown Toronto! 33 Floor Unobstructed View With Bright Floor-To-Ceiling Windows! Designer Kitchen Cabinetry With Granite Countertop! Spacious Master Bedroom With Large Closet! Steps To Toronto's Waterfront, Sobeys, Restaurants, C.N. Tower, Rogers & Air Canada Centre, Union Station, The Financial & Entertainment Districts. Perfect For Owner To Live & Enjoy Toronto Downtown Vibrant Lifestyle! **** EXTRAS **** Spotless Well-Managed Building.Building Amenities Include: Gym, Indoor Pool & Sun Deck, Sauna, 24-Hr Concierge, Indoor Hot Tubs, Games Room, Bbq, Guest S (id:51158)
#508 -105 The Queensway
Toronto, Ontario
Discover the epitome of modern living with this elegant 1-bedroom condo, offering a vibrant and convenient lifestyle. This contemporary space boasts stainless steel appliances, stone countertops, and a host of amenities to elevate your urban experience. Modern kitchen with stainless steel appliances and a sleek stone countertop, 4-piece bathroom for your comfort. Secure building with concierge service, providing peace of mind. Visitor parking for your guests' convenience. This condo is perfectly situated for those seeking an urban lifestyle with easy access to Downtown Toronto for cultural and entertainment experiences. Convenient access to the airport for travel enthusiasts. Quick access to major highways, ensuring efficient commuting. Nearby shopping options for all your retail therapy needs. Why Rent? Must see. **** EXTRAS **** Why Rent.? Great to get in to Real Estate market. Close to HYW, Lake Ontario, Walking Trail. Modern Gym. Swimming Pool. Visitors Parking. Concierge, and much more. Don't Wait. (id:51158)
2411 New Street, Unit #608
Burlington, Ontario
If Location is important to you then this is your next home! Located just a few minutes walk from a lakeside park, a few more minutes to downtown Burlington, this home offers unparalleled access to the city's vibrant dining, shopping, and entertainment scene. Explore charming boutiques, indulge in gourmet cuisine, or catch a performance at the nearby cultural venues – the possibilities are endless. Easy access to highways make this the ideal location. The condo itself will also impress. Whether you are downsizing or a first time home buyer this recently renovated unit feels new and fresh. Large rooms, open concept space and large balcony make this 2 bedroom, 1 bath, 852 SQFT condo feel spacious and a relaxing place to call home. 2 parking spots included, one covered and one locker included. (id:51158)
#2105 -735 Don Mills Rd
Toronto, Ontario
Welcome To Glen Valley Condos! Great Location, Amazing Opportunity To Own A Condo In Beautifully Well Maintained Building. 1 Br ,1 Wr,1 Parking & 1 Locker. All Utilities Are Inclusive In The Maintenance Fees. With Seconds To TTC, Brand New Eglinton Crosstown LRT Station, DVP, Costco, Groceries, Public Golf Course, Go Green Cricket Field, Tennis Courts, Running Track, Soccer Field, Schools, Recreation Centres, Places Of Worship, Restaurants, Aga Khan Park & Museum & Much More, You Never Have To Go Far To Enjoy Your New Neighbourhood! State Of The Art And Completely Renovated Recreation Centre & Swimming Pool, Gym, Sauna and Change Rooms Now Open For The Exclusive Use Of Glen Valley Residents. **** EXTRAS **** All Appliances, All ELF's (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.