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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..
2400 Dufferin St
Toronto, Ontario
The Brazilian Culture; an Entrepreneur that has created an experience for the Diverse Restaurant Customers!! Ambience to savour -- to travel inside a space the reflects the beaches of Rio di Janiro. The logo speaks to a iconic Brazilian culinary enjoyment here. This business brings to the table fresh dishes created by the one and only Brazilian cook; together with the products of the Brazilian Culture-- bringing back recent and historic memories of their homeland. Begin a new experience with the turn-key; leasehold improvements feeling of the sports, music, beautiful citizens and the beaches--country's natural habitat !! The lease boasts 5 YEARS PLUS 5! In place will enhance the growing business and the Community that has the intfra-structure from TTC, new LRT, and ALL MAJOR HIGHWAYS. An extremely high walk traffic score and Customer Base! **** EXTRAS **** All chattels on a separate Attachment on the MLS listing. (id:51158)
#6 -50 Tiffield Rd
Toronto, Ontario
Digitization and business services company, 40+ years in business, with ongoing clients. Scan paper documents, large format drawings and bound books. Implement document capture and management systems. Improve information and efficiency for clients. Turn-key business with 475 feet of shelving capacity(9+ skids), and a walk-in vault for securing confidential documents. Total rent is $2,996.21 (inc TMI and HST). Seller is retiring **** EXTRAS **** Fujitsu fi5950 scanner(high speed ADF production scanner),Fujitsu fi-6770scanner(flat bed),Fujitsu sv600 book scanner 1 2021, Color trac Smart LF SC42wide format, scanner(scan to 42""width),Lenovo Think System server 2 ,HP server 1 (id:51158)
#1607 -50 Forest Manor Rd
Toronto, Ontario
Beautiful One Bedroom + Den Condo Unit In Prime North York Location. This Unit Has An Amazing Open Concept Layout, Floor To Ceiling Windows And Views From The Balcony. The Modern Kitchen Features Quartz Counters, Built In Appliances And Lots Of Cabinets. State Of The Art Amenities Include Party Room, Steam Room, Pool, Hot Tub, Gym And More! This Condo Is Centrally Located Near The Intersection Of Highway 404/DVP And 401. It Is Walking Distance To The Subway Station, Bus Stops, Fairview Mall, Medical Offices, Entertainment, Dining, Large Employers, Community Centre, Library And More. **** EXTRAS **** Fridge, Stove, B/I Microwave, Dishwasher, Stacked Washer and Dryer, Elf. One Parking and One Locker (id:51158)
592 Rathburn Rd W
Mississauga, Ontario
Situated in the vibrant heart of Mississauga near the renowned Square One Shopping Centre, this hair salon has been a fixture since 2010, boasting a robust client database. With elegant finishes and modern equipment, including an elegant washroom, the salon offers a prime opportunity for expanding into esthetic services. All necessary chattels, including salon operating software, are included, and the plaza offers ample free parking for both clients and employees, ensuring convenience and accessibility. (id:51158)
592 Rathburn Road W
Mississauga, Ontario
Situated in the vibrant heart of Mississauga near the renowned Square One Shopping Centre, this hair salon has been a fixture since 2010, boasting a robust client database. With elegant finishes and modern equipment, including an elegant washroom, the salon offers a prime opportunity for expanding into esthetic services. All necessary chattels, including salon operating software, are included, and the plaza offers ample free parking for both clients and employees, ensuring convenience and accessibility. (id:51158)
9 Progress Ave
Toronto, Ontario
Take advantage of this great opportunity to possess a flourishing Payday Loan,Cheque Cashing and Cash for Gold retail store in the GTA, accompanied by valuable Payday Loan License. With fifteen years of prosperous operation, this autonomous venture presents an exceptional prospect, especially considering the operating region has ceased issuing new licenses for payday loan businesses. Benefit from the advantage of a complete entry barrier, ensuring your position in this profitable market. Do not overlook this uncommon and regulated financial prospect with evidenced growth potential. A fantastic opportunity with immense growth potential exists to expand the business by incorporating additional services such as money transfers, currency exchange, gold loans, car title loans, and accounting and taxation services. The proud owner of this business, now in his mid-70s, is contemplating retirement in the near future. (id:51158)
#803 -2087 Lake Shore Blvd W
Toronto, Ontario
Lake View,Newly Renovated, prestigious Waterford Condos, west end of marvelous Toronto, south facing Lake view unit! Wall To Wall Windows, Bright Spacious & Extra Wide, Flooded with light from the floor to ceiling windows. 1 Parking and 1 Locker.Upgraded kitchen with brand new Fridge Stove and B/I Microwave include gorgeous granite counter tops, new cabinets and custom backsplash.with your gas BBQ on your terrace. only minutes from Mimico Go Train Station **** EXTRAS **** Luxury living w hotel like amenities including: 24 hr concierge, indoor lap pool, gym, Party/Meeting Room, Rooftop Deck guest suites and visitor parking.EV Charger (id:51158)
679 Danforth Ave
Toronto, Ontario
Full Service restaurant for sale on a prime stretch of the Danforth. Fully equipped kitchen, gas range and 8' exhaust hood. Open concept dining area and back patio potential. Ideal for any variety of hospitality uses. Great frontage and branding opportunity. Ideal for a quick rebrand - get In business today. **** EXTRAS **** Suppositive Landlord will provide a new lease at fair mart rates. (id:51158)
#parking -121 Mcmahon Dr
Toronto, Ontario
Rarely offered Parking Space for sale. Must be an owner of a unit Of TSCC 2427, Tango Condo at 121 Mcmahon Dr to purchase the parking space. **** EXTRAS **** Close to elevator, current rent is $250/month (id:51158)
#2a16 -7215 Goreway Dr
Mississauga, Ontario
Busy Food court Indian restaurant business with exhaust hood,deep fryer,Gas stove with grill, One pot gas stove for big lot of cooking.New two refrigerators,shelves,prep tables,one wooden table fordisplay refrigerator.Owner planning for bigger venture.Very good reviewson Google.Name and corporation is not for sale.Good forNew immigrants,chefs and first time entrepreneurs,catering businessand Tiffin services.Close to Major hwys,bus terminal.Major Anchor stores in & around plazainclude Tim Horton,LCBO, Freshco,Shoppers drug mart, RBC, TD, BMO, CIBC etc. Offer presentation on Friday May 3rd at 5 pm.Bring at least 5k bank draft with offer. (id:51158)
#218 -60 George Butchart Dr N
Toronto, Ontario
Welcome To Mattamy's Saturday At Downsview! Extremely Functional Open Concept Layout. Enjoy This Studio Unit That Overlooks The 291 Acre Downsview Park! Modern Kitchen W/S.S. Appliances, & Quartz Counters! This Condo Also Offers A Range Of Amenities For Residents To Enjoy. Don't Miss This Opportunity To Live In The Vibrant And Thriving Downsview Park Community. Enjoy Amenities Including Full-Size Gym, Fitness Rm W/ Yoga Studio, Party Rm (Indoor/Outdoor), Bbq, Area, Pet Wash Area, And More! **** EXTRAS **** Tarion Warranty, Close To Subway, Buses/ Transit, Subway Station, Near York University And W/ Easy Hwy 401/400/407 Access. (id:51158)
#205a -4438 Sheppard Ave E
Toronto, Ontario
606sqft (as food court 929sqft) for**Retail,**food court,**office.** Property For Sale! Great PriceIn This Building With Large Retail Unit At Oriental Center, Prime Location, Facing Elevator @ HighVisibility & Traffic , Close To Food Court , Ample Surface & Underground Parking , Easy Access To Ttc,Hwy 401, Scarborough Town Ctr, Professionally Finished W/ Glass Door, Ceramic Flooring, Perfect For YourBusiness Operation. **** EXTRAS **** 606sqft (as food court 929sqft) for**Retail,**food court,**office.** (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.