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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..
213 - 1550 South Gateway Road
Mississauga, Ontario
Amazing Opportunity To Own your building unit currently operating as Executive PRO 5 PHYSIO CLINIC INC possible to Dentist Medical Offices Located In Dixie Park Mall In Mississauga, Turnkey PRO 5 PHYSIO CLINIC Physio unit Featuring 2 Fully Equipped Operatories, 1 X-Ray Room, Patient Waiting Area, Kitchenette, Reception & Office private own washroom in unit Very Well Maintained Unit With Rare Opportunity To Locate Your Physio, Medical, Dental Office In The High Traffic Mall, Minute To Major Highways. Lots Of Parking, Close To Public Transit. **** EXTRAS **** Price for Building unit 213. All Chattels & Equipment, (and good will 75,000.00 negotiable). currently running profitable PRO 5 PHYSIO CLINIC INC, can easily practice Dental, medical doctors' office Clinic License Is In Place, Just Movie. (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! (id:51158)
2006 - 33 Singer Court
Toronto, Ontario
Bright and Spacious 1-Bedroom Condo Unit with a Large Balcony Offering Unobstructed West Views and Floor-to-Ceiling Windows. It is Situated on a High Level Floor. Brand New Laminate Flooring and Wall Paint Give the Unit a Refresh & Modern Look. Located in the Master-Planned Community in North York by Concord Adex. It Offers One Bedroom, Open Concept Living Space with a Granite Waterfall Island that Can Seat Up to 4 People, 1 Underground Parking Space and 2 Lockers for Extra Storage. This Discovery Concord Park Place is Surrounded by Amenities Within Steps Away Such As Schools, Parks, North York General Hospital, McDonalds, Canadian Tire, IKEA, Starbucks, and more! Also, Its Very Close to Fairview Mall, Bayview Village Shopping Centre, Groceries, and the Famous Yonge Street. This Central Location Ensures Easy Access to Both Public Transit and Major Highways, with Leslie Subway Station, Oriole GO Train and Minutes to Hwy 401 & Hwy 404. Enjoy Fantastic Amenities Including 24-Hours Security, Indoor Pool, Gym, Basketball/Badminton Court, Karaoke Room, Kid Zone, Pet Spa, Party Room, Pool Table, and More! Perfect for Professionals, Couples, Students, Investors, and Beyond, this Condo Offers Convenience and Comfort in an Unbeatable Location. **** EXTRAS **** Stainless Steel Appliances Including Full Sized Refrigerator, Smooth Cooktop with Oven, Rangehood, Dishwasher, Clothes Washer-Dryer Combo Machine & ELF's. (id:51158)
19 Gardiner Road
Toronto, Ontario
Fabulous Executive Home in Forest Hill South. Close to UCC and BSS as well as TTC and shops. Totally luxury renovation from the top to bottom. 6 bedrooms with 7 bathroom. Chef's Kitchen, large principal rooms, Grand Master with spa like ensuite with heated floor. Finished lower level with heated floors, Nanny room in basement. Built-in Garage, 3 HVAC units. Professionally landscaped Front/Back Yard. Some furniture is available with extra cost. **** EXTRAS **** Thermador B/I Fridge/Freezer, D/W, Double Oven & gas stove, Marvel bar Fridge, LG W& D, New Kinetico water softener and filter system, new tankless heater. All window coverings: new customized shangri la blinds (id:51158)
611 - 16 Harrison Garden Boulevard
Toronto, Ontario
This bright one bedroom condo is perfect for first time home buyers, empty nesters or investors. The kitchen features stainless steel appliances, granite countertops and a breakfast bar. The combined living and dining room has hardwood floors and a walk out to the spacious balcony. The bedroom has a double closet and large windows. Ensuite laundry and a four piece bathroom finish off this suite.This unit includes one underground parking spot and a locker. The building amenities include an indoor salt water pool, sauna, guest suite, party/meeting room, library, patio with gas barbeques, exercise room and visitor parking. This property is located in North York, close to parks, shopping, restaurants, public transit including the Sheppard-Yonge Subway Station and Highway 401. For additional convenience, a pharmacy & a 24 hour grocery store are located on the ground level. (id:51158)
205 - 740 Eglinton Avenue W
Toronto, Ontario
Exceptional Upper Forest Hill Suite Incorporating The Perfect Blend Of Sophistication and Convenience. This 1 Bedroom & Den Suite Features A Generously Sized One Bedroom Layout with a Den Ideal For A Home Office. The High Ceilings, Spacious Living & Dining Areas Bode Well For Entertaining Guests While Allowing The Chef Privacy In The Well Equipped Galley Kitchen With New Stainless Steel Appliances. The Premium Flooring Is Sun Drenched Throughout By The Unobstructed Easterly View From The Private Balcony. Conveniently Positioned Mere Minutes From The Bustling Eglinton District Ensuring A Seamless Urban Experience. Steps To Eglinton Crosstown, Future Forest Hill LRT, Buses and Subway. Excellent Schools Nearby And Steps To Amenities, Community Hubs And Much More! **** EXTRAS **** All Stainless Steel Appliances: Fridge & Stove'23, Microwave. Elect. Light Fixtures. Two portable A/C Units And Window Coverings. Exclusive Use Of Locker. Pet Policy: Max 2 Cats, No Dogs. **Not A Co-op (id:51158)
165 Limeridge Road W Unit# 5
Hamilton, Ontario
Welcome to 165 Limeridge Rd W Unit #5. Opportunity knocks! Best priced condo townhome in the area! Don’t miss out on this affordable, well maintained 2 bdrm home with full finished basement. Main floor features living rm with a large front window providing loads of natural light, dining rm, and kitchen with pantry. Upper level offers 2 bdrms and freshly updated bathroom. Lower level boasts family rm for added living space, plus utility/furnace room. Four appliances included. Some flooring updated 2023. Central Air updated 2011. Conveniently situated on Hamilton's vibrant West Mountain near schools, parks, plazas, Mohawk College, and easy Highway access to the Linc and Red Hill. Won’t Last! (id:51158)
350 Cannon Street E
Hamilton, Ontario
Welcome to this charming and full-of-potential brick home! Nestled in a prime location near trendy James Street, Hamilton General Hospital, and a vibrant recreation center, this property offers both convenience and lifestyle. This solidly built brick home boasts a timeless appeal, with the opportunity for you to add your final touches to restore it to its original glory or transform it into your dream modern oasis. Whether you envision preserving its classic character or infusing it with contemporary design elements, the possibilities are endless. Outside, you'll find a generous yard, perfect for outdoor entertaining, gardening, or simply relaxing in the sunshine. With its desirable location and boundless potential, this property presents an exciting opportunity to create the home you've always envisioned. Schedule a viewing today and start imagining the possibilities! (id:51158)
400 York Boulevard, Unit #201
Hamilton, Ontario
This bright, spacious, two-bedroom corner unit condo has just been freshly painted throughout! Great location near parks, schools, shopping, 403 access, Dundurn Castle, Locke Street and more! The unit includes in-suite laundry with a brand-new washing machine and one reserved underground parking spot. Don’t miss out on this great opportunity to live and/or own in Hamilton's Castle Bay Condominiums! (id:51158)
1153 Pioneer Road, Unit #b2-B
Burlington, Ontario
A rare 663 SF unit is available for sale in a prime industrial node in Burlington. The unit is newly renovated and has 1 drive-in door. the unit comes with 2 reserved parking spaces and additional guest parking is also available. GE-1 zoning allows for a wide variety of uses. (id:51158)
111 - 205 Sherway Gardens Road
Toronto, Ontario
Stunning and Fully Upgraded Spacious Studio that feel like a 1-Bedroom at High in Demand One Sherway! This ground floor unit features rare 9-Foot Ceilings, Hardwood Floors throughout, and a Customized remote control sofa Murphy Bed. There is no shortage of storage space including under seat Sofa storage, Cabinets, Shelving and Two Large Closets. The Kitchen has Quartz Countertops and full size Stainless Steel Appliances. Other improvements include wall mounted Smart TV, remote control smart Blackout Blinds, and Phantom Patio Screen. The Convenient Patio Walk-out is perfect for grocery drop-off, walking your pet, and for those who don't like heights. Steps To Upscale Sherway Gardens, TTC, Ravine Trails, & Hwys. Resort-Style Amenities. Experience Ground Level Convenience at a very affordable price! You can't ask for anything more! **** EXTRAS **** Includes SS Fridge, Stove, MW, DW. Front Loading W/D. Murphy Bed. Sofa. Television. Light Fixtures. Window Coverings. Automated Blinds. Phantom Door Screen. Select Furnishings. Includes Parking & Locker! View The Video Tour! Offers Anytime. (id:51158)
Lph09 - 160 Vanderhoof Avenue
Toronto, Ontario
Modern City Lifestyle with a Convenient Location. Steps To TTC, Future LRT, Shopping (Smart Crt, Sobey's, HomeSense, Home Depot, Etc.) Schools & Parks. Great Investment Opportunity or Perfect for the Young Professional/Student. Building Amenities Offer a Wide Range of Entertainment Possibilities from Taking a dip in the Pool to BBQ'ing with Some Friends or Staying in for Movie Night at the Theatre. This Condo Truly Has It All !!! PET FRIENDLY!!! **** EXTRAS **** Stunning 487 Sf + 77 Sf Balcony Lower Penthouse Unit. Walk To Sunnybrook Park And Trails! Great Location ! Luxurious Amenities Incl: Fitness/Yoga Lounge, Indoor Pool, Media Lounge, Theatre, Party Room And Garden. (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.