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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..

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For sale $479,900
House For Sale in oakville, #301 -50 KAITTING TR

#301 -50 Kaitting Tr

Oakville, Ontario

1 Bathroom
Studio Apartment At ""5 North - The Preserve"", By Mattamy Homes. Ultra Modern Finishing, 9 Ft Ceiling, Light, Bright With Upgraded Finishing. Kitchen With Extended Cabinetry, Quartz Counters With Backsplash, Stainless Steel Appliances, And Breakfast Bar. Open Concept Floor Plan. 4 Pc En-suite. Large Window With Juliette Balcony Door Allowing For Loads Of Natural Light, A Bright And Inviting Space.**** EXTRAS **** S/S Stove, S/S Fridge, Microwave, S/S Dishwasher, Washer/Dryer, All Light Fixtures, All Window Coverings, Underground Parking, and a Locker. (id:51158)
Homes for sale in Oakville
For sale $355,000
House For Sale in hamilton, #601 -81 CHARLTON AVE E

#601 -81 Charlton Ave E

Hamilton, Ontario

2 Bedroom 1 Bathroom
Introducing this charming 2-bed, 1-bath unit nestled in the heart of downtown Hamilton, offering the convenience of location, with a touch of warmth and character. This inviting abode features all the comforts you desire, from a spacious living area, to a cozy kitchen area perfect for culinary adventures, and a balcony that provides stunning views. Enjoy the convenience of a dedicated parking spot, ensuring hassle-free city living. With vibrant shops, restaurants, and cultural attractions just steps away, don't miss the opportunity to make downtown living your reality!**** EXTRAS **** Brand new elevator in the building (id:51158)
Homes for sale in Hamilton
For sale $488,000
House For Sale in toronto, #504 -15 SEWELLS RD

#504 -15 Sewells Rd

Toronto, Ontario

3 Bedroom 2 Bathroom
Bright & Spacious Three Bedrooms Renovated Condo Corner Unit In The Prime Location Of Scarborough. Approximately 1100 Sq Ft. With Balcony. New Kitchen, New Bathroom, New S/S Appliances. Walking Distance To All Amenities Such As Malls, Schools, Public Transit, Parks and Highway. Parking Locker Owned. Plenty of Natural Light. (id:51158)
Homes for sale in Toronto
For sale $449,900
House For Sale in toronto, #915 -5 GREYSTONE WALK DR

#915 -5 Greystone Walk Dr

Toronto, Ontario

1 Bedroom 1 Bathroom
This one bedroom suite is drenched in natural light that illuminates every corner, creating a warm, inviting atmosphere. With the convenience of ensuite laundry, you won't have to leave your suite to do laundry. Plus, an exclusive parking spot means you'll never have to worry about finding a place to park your car. The suite's location is unbeatable, as it's in a prime area within walking distance to TTC, shopping centers, schools, and the Go Train. If you're a nature lover, it's only a few minutes away from the Bluffs, where you can experience a peaceful environment and enjoy breathtaking views of the lake. Don't wait too long, as this one won't last. (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in burlington, 4449 Milburough Line|Unit #9 Cedar

4449 Milburough Line, Unit #9 Cedar

Burlington, Ontario

2 Bedroom 1 Bathroom 869 sqft
Discover the perfect synergy between modern living and natural beauty in this 2-bedroom, 1-bathroom modular home. The home features two comfortable bedrooms, each offering a peaceful haven to rest and recharge. Large windows frame breathtaking views of the encompassing forest. The kitchen features modern appliances and ample storage, making meal preparation a breeze. The bathroom is elegantly appointed and offers a tranquil retreat for self-care. Picturesque forest backdrop, front covered porch, rear deck, interlock patio, and contemporary design, this home invites you to experience a lifestyle where the boundaries between indoor and outdoor living blur, allowing you to truly unwind and reconnect with the serenity of the natural world. (id:51158)
Homes for sale in Burlington
For sale $469,900
House For Sale in toronto, #111 -8 KINGSBRIDGE CRT

#111 -8 Kingsbridge Crt

Toronto, Ontario

2 Bedroom 1 Bathroom
Sunlit 2 Bedroom Condo Just Steps Away From Bathurst & Finch. Excellent Layout With Large Bedrooms And Recently Updated Kitchen/Bath and Laminate Flooring. Beautiful Balcony View Facing Front Courtyard. Well Maintained Building Just Minutes To Subway, Walk To Library, School, Shopping, Park. Garage Parking Space And Locker Included.**** EXTRAS **** Fridge, Stove, All ELFs, Window A/C Unit, 2nd Parking Space On Surface Can Be Assigned With A 2nd Vehicle Registered To The Unit Owner(s). (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #2601 -28 WELLESLEY ST E

#2601 -28 Wellesley St E

Toronto, Ontario

1 Bathroom
Very Efficient Studio Unit @ The Heart Of Downtown. High Floor West Facing Unit With A Lot of Sunlight. Wellesley Subway Station Next Door. Walking Distance To U Of T, Ryerson University, Health Network (Hospitals), Steps To Yonge St. Commercial Area. Unobstructed Western Sunset View W/Modern Finishes.. 24/7 Concierge, Fitness Center, Library/Study Party Room/Bbq. Can Assume The Excellent Tenant With Current Rent Of $2,500/Month. Furniture Included.**** EXTRAS **** Designed Kitchen With European Appliances, 9Ft Ceiling, Ensuite Stacked Washer/Dryer. Furniture Includes Bed, Table & Chair, TV. No Balcony In The Unit. (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in toronto, #701 -15 TORRANCE RD

#701 -15 Torrance Rd

Toronto, Ontario

3 Bedroom 1 Bathroom
This has 2 Bedrooms, 1 Den Is Located In The Heart Of Scarborough! Bright and Spacious, Perfect for first time buyers, investors or downsizers! New Laminate floors & lighting fixtures throughout. Open concept living/dining w w/o to stunning balcony. This Home Has Generous Sized Bedrooms & Ensuite Laundry. New S.S. appliances, custom cabinets. Walking Distance To Go Train, Schools, Restaurants And Grocery Stores & Public Transit. Great Facilities Include: Gym Room, Pool, Party Room, Sauna &Visitor Parking. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #604 -120 PARLIAMENT ST

#604 -120 Parliament St

Toronto, Ontario

1 Bedroom 1 Bathroom
One Bed with Large Balcony like Terrace At East United Condos! high ceiling, Floor To Ceiling Windows. W/O To Balcony, Kitchen Has Beautiful Counter top And Backsplash. Close To St.Lawrence Market, Distillery, George Brown, Entertainment District, Transportation. Why hesitate? Go and see it today!! (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in toronto, #705 -115 BLUE JAYS WAY

#705 -115 Blue Jays Way

Toronto, Ontario

1 Bedroom 1 Bathroom
Want to have a quiet life in busy Downtown area & want to live in a safe and luxury area in downtown area? Then this unit will bring you the wonderful life! There is a path that leads directly to the subway station.You can jog everyday with your pets and spend mindful days in harbourfront. Why hesitate? Go and see it today!! (id:51158)
Homes for sale in Toronto
For sale $499,990
House For Sale in hamilton, 121 #8 Highway|Unit #106

121 #8 Highway, Unit #106

Hamilton, Ontario

2 Bedroom 1 Bathroom 740 sqft
Welcome to Casa Di Torre, a beautiful, new upscale condo in the heart of Stoney Creek! Located steps away from amenities including groceries, coffee shops, pharmacy, HWY access & public transit at your doorstep! Perfect for a first-time buyer or anyone looking to downsize. This 1 bedroom + den, main floor unit offers 740 square ft & an additional 100 square ft private terrace! The spacious corner unit boasts lots of natural light, neutral décor and smooth 10 ft ceilings. The modern open concept kitchen features sleek quartz counters, a beautiful herringbone backsplash, large island & comes complete with stainless steel appliances. The primary bedroom offers lots of closet space, and the additional den area is perfect for home office! The 4pc bathroom showcases ceramic tiles and a trendy vanity. Convenient in-suite laundry with stackable washer and dryer completes the unit. Ground level Parking and large Storage locker are included. The exclusive on-site amenities with an inviting lounge off the lobby are great for socializing. Or Host gatherings in the state-of-the-art Party Room, fully equipped with full kitchen. Make use of the gym area and work out studio with TRX and Spin bike or unwind with some yoga. Lastly, you have to head Up to the roof top terrace and enjoy the picturesque views of the Niagara Escarpment and Lake Ontario. Book your private showing now! Please note that Photos and Staging was done prior to tenant moving in. (id:51158)
Homes for sale in Hamilton
For sale $499,999
House For Sale in toronto, 1926 LAKESHORE BOULEVARD WEST Boulevard W Unit# 1515

1926 Lakeshore Boulevard West Boulevard W Unit# 1515

Toronto, Ontario

1 Bedroom 1 Bathroom 457
Live on the lake in Toronto’s sought after waterfront community. This 1 bedroom condominium is in the luxurious Mirabella Building. Step outside your door onto the waterfront trail and beaches from this prestigious lakeside address. This 1 bedroom, 1 washroom modern suite has a sleek kitchen with top of the line appliances, many upgrades and offers in-suite laundry. 24 hour concierge service, indoor pool, sauna, outdoor BBQ, guest suites for visitors and well equipped fitness centre, yoga room, party room, kids room and a business centre is amongst its many amenities. Enjoy your morning coffee with views of the lake from your balcony. Conveniently located with highway access, TTC, trails, great schools and nature at your doorstep. Buy with confidence in this upscale community in this waterfront area and enjoy prime lakeside living. (id:51158)
Homes for sale in Toronto

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.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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!

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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 Listing, Homes for Sale

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.