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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
$499,900
#518 -21 PARK ST E, mississauga, Ontario

#518 -21 Park St E

Mississauga, Ontario

In The Heart Of Port Credit, 2 Yr New Tanu Luxury Condo Built By Edenshaw. 1 Extra Large Bdrm Featuring 270 Degree: South, East & North Exposure W/ 728 Sqft + 108Sqft Terrace. Contempory Open Concept Kitchen W/ Integrated Fridge, Dishwasher, Undermount Sink, Quartz Countertop With An Upgraded Large Centre Island, Ample of Pantry Cabinet Space. 2 Mins Walk To Port Credit Go Station, Waterfront, Parks, Schools, Restaurants, Shops And More. Unit Has Smart Home Technology, Keyless Entry, Building Amenities Include: 24/7 Concierge, Gym/Yoga Rm, Theatre, Billiards/Games Rm, Party Room, Outdoor Patio With Barbeque Area, Pet Spa, Car Wash Service, Guest Suite & Visitor Parking **** EXTRAS **** Integrated B/I Fridge & Dishwasher, B/I Glass Cooktop, Stainless Steel B/I Stove, Stainless Steel B/I Microwave Hood Fan, Washer And Dryer, 2 Lockers (Side-by-side), Smart Home Technology Keypad & Keyless Entry (id:51158)

1 Bedroom 1 Bathroom
For sale
$109,000
#PARKING -197 YONGE ST, toronto, Ontario

#parking -197 Yonge St

Toronto, Ontario

Parking Spot For Sale At The Massey Tower (197 Yonge Street) Location In The Heart Of Downtown Toronto! Directly Across The Street From Eaton Center. Steps To Path System, Dundas Square, Financial District, Ryerson University, Theatres, Shopping, Restaurants & More. (id:51158)

For sale
$499,000
111 BRISTOL Road E|Unit #110, mississauga, Ontario

111 Bristol Road E, Unit #110

Mississauga, Ontario

HAVE YOU BEEN LOOKING FOR SOMETHING AFFORDABLE? ARE YOU LOOKING TO DOWNSIZE? TRYING TO GET INTO THE MARKET? ARE YOU A FIRST TIME HOME BUYER? LOOK NO FURTHER! THIS PRIME LOCATION CONDO IS THE PERFECT PLACE TO CALL HOME. WITH EASY ACCESS TO MAJOR HIGHWAYS LIKE 401/403/407 AND THE UPCOMING LRT BRISTOL-HURONTARIO STOP, COMMUTING HAS NEVER BEEN EASIER. THIS CORNER UNIT, WITH A VIEW, HAS ONE OF THE MOST CONVENIENT PARKING SPOTS (LOCATED BESIDE THE STAIR-WELL), A RECENTLY RENOVATED KITCHEN (2022) WITH PRISTINE WHITE QUARTZ COUNTERTOPS, A MATCHING BACKSPLASH, AN EXTENDED BREAKFAST COUNTER, NEW BLACK STAINLESS-STEEL APPLIANCES, A DOUBLE UNDERMOUNT SINK, SOFT-CLOSE CUPBOARD DOORS & BRUSHED BRASS HARDWARE. ENJOY ADDED LUXURIES LIKE A FULL-SIZE WASHER AND DRYER AND THE INDULGENCE OF A HEATED BATHROOM FLOOR. THE LOW MAINTENANCE FEE INCLUDES BUILDING INSURANCE, WATER, POOL ACCESS, CHILDRENS PLAYGROUND, AND VISITOR PARKING. LOCATED WITHIN WALKING DISTANCE OF SUPERMARKETS, RESTAURANTS, CAFES, SHOPS, AND SCHOOLS, THIS GEM OFFERS A LIFESTYLE OF UNPARALLELED CONVENIENCE. DON'T LET THIS FANTASTIC OPPORTUNITY SLIP THROUGH YOUR FINGERS! EXTRAS: Aircon Unit (2016), Furnace (2016), And Hot Water Heater (2020) Owned. (id:51158)

1 Bedroom 1 Bathroom 480 sqft
For sale Open House
$399,000
#2206 -4070 CONFEDERATION PKWY, mississauga, Ontario

#2206 -4070 Confederation Pkwy

Mississauga, Ontario

Welcome to The Grand Residences, a sought-after building near Square One. This spectacular one-bedroom suite boasts elegant laminate flooring, soaring 9-foot ceilings, and a flexible den ideal for a home office or extra bedroom. Enjoy natural light and stunning northwest sunset views through floor-to-ceiling windows. The building offers luxurious amenities, including a gym, pool, sauna, and party room. Located just a short walk from Square One, Sheridan College, the Living Arts Centre, and the GO station, this condo is perfect for an active urban lifestyle. Don't miss your chance to make it your new home! **** EXTRAS **** One Locker, One Parking Spot And Amenities Including Indoor Pool, Hot Tub, Movie Room, Yoga Room, Music Room, Party Room, Games Room And More. (id:51158)

1 Bedroom 1 Bathroom
For sale Open House
$489,999
#423 -550 FRONT ST W, toronto, Ontario

#423 -550 Front St W

Toronto, Ontario

Welcome to this 9ft High Ceiling North Facing 1 Bedroom Condo in a Well Managed Low-rise Boutique Building in Portland Park Village tucked away from bustling King St W. Open Concept Practical and Functional Layout. Walk Score 88 & Transit Score 95! Steps to TTC, Rogers Centre, Financial and Entertainment District. Do your shopping at the newly launched Shopping Centre The Well, Stackt Market; Farm Boy, Loblaws, Joe Fresh, Shoppers, And Lcbo. Private Spacious Balcony is perfect for relaxing and entertaining all summer long. **** EXTRAS **** Low Condo Fees & Taxes In A Well Managed Building. Stacked Washer And Dryer, All Window Coverings, And All ELFs. Shop @ The Well. Farm Boy &. Close To Parks, Liberty Village, Bay St, & TTC. Easy Access To The Gardener/QEW (id:51158)

1 Bedroom 1 Bathroom
For sale Open House
$499,900
#406 -707 DOVERCOURT RD, toronto, Ontario

#406 -707 Dovercourt Rd

Toronto, Ontario

Welcoming & well appointed this home ticks all the wish list boxes! Sunny & bright, modern loft inspired space with exposed concrete ceilings, sliding glass doors, and a wall of west facing windows. Convenient entry foyer with double closet & laundry leads to an open concept sundrenched living space with media nook. Enjoy gorgeous sunsets from the comfort of your sofa. Walk-out to private balcony nestled within the tree line for a park like setting. Gourmet worthy, contemporary bistro, galley kitchen is perfect for the urban chef who appreciates quartz counters & integrated appliances while working in a bright, open concept cooking & dining space. Spacious bedroom with double closet and contemporary, corner frosted sliding doors. Incredible location! Steps to Bloor Street shops, restaurants, coffee & amenities. Convenient walk to subway. Amazing local parks: Christie Pits, Bickford Park & Dufferin Grove. **** EXTRAS **** Garage parking & storage locker included. City of Toronto EV street parking charging stations (id:51158)

1 Bedroom 1 Bathroom
For sale
$320,000
##4 -1620 BIRCHMOUNT RD, toronto, Ontario
Restaurant

##4 -1620 Birchmount Rd

Toronto, Ontario

Are you ready to own and manage a popular subway franchise restaurant? This could be a great opportunity for you and your family to run this business. There is lots of potential to grow this business. Same location for many many years, repeat customers, available for dining. Great opportunity for business owner. (id:51158)

For sale
$498,000
#1026 -560 FRONT ST W, toronto, Ontario

#1026 -560 Front St W

Toronto, Ontario

Well maintained Tridel built spacious 555 sft unit, great location with all kind of entertainment facilities at walking distance. Building amenities included Gym, Party Lounge, Rooftop Garden, BBQ, Sauna, Yoga, Billiard Room, Theater, bike storage, plenty of visitor parking. **** EXTRAS **** Lockbox at P1, needs 24 hrs notice for showing, property tenanted till Nov 20, 2024 at $2,300, The buyer must assume existing tenant. the property must be sold, (id:51158)

1 Bedroom 1 Bathroom
For sale
$449,000
8 LLOYD ST, hamilton, Ontario

8 Lloyd St

Hamilton, Ontario

Welcome to 8 Lloyd St, where the essence of ""home"" shines without disappointment. Discover a sanctuary of comfort and modernity with a comprehensive array of upgrades. From enhanced insulation to the enduring beauty of engineered hardwood floors, every detail speaks of quality living. Embrace the luxury of two pristine bathrooms and a newly appointed kitchen boasting top-of-the-line appliances. Outside, revel in the fresh allure of new windows, stucco, and siding, accentuated by a flawless paint job. Ascend the inviting hardwood stairs, and you'll find that this residence is more than just a houseit's a haven where every detail is crafted to ensure your utmost satisfaction. (id:51158)

3 Bedroom 2 Bathroom
For sale
$65,000
503 PINEGROVE RD, oakville, Ontario
Restaurant

503 Pinegrove Rd

Oakville, Ontario

Business owners rejoice, we bring to you a lovely opportunity to takeover and convert this 500 sq ft retail, take out, restaurant. This unique setup can be converted to many different uses subject toLandlord approval. This ideal and fully functional layout provides a seamless transition to a bakery, cafe, QSR, food prep/retail store, and many more uses. With ample parking in the front and back, convenient access, plenty of storage in a high and dry basement, in a desirable Bronte East community, this opportunity lends itself to both first time owner/operators as well as seasoned operators looking to expand their operations. With such a high demand in commercial leasing, and little inventory to choose from, this turn key setup saves you time and money on your next venture. All chattels and equipment are included in the price. Incredibly low rent at $1500 monthly inclusive of TMI. New term to be negotiated with Landlord. **** EXTRAS **** * Gross Rent = $1500.00 * New Lease Term To Be Negotiated * 500 Sq Ft * List of Chattels & EquipmentAttached * Ample Parking * Washroom * Full Dry Basement * (id:51158)

1 Bathroom 500 sqft
For sale
$498,000
#2202 -62 FOREST MANOR RD, toronto, Ontario

#2202 -62 Forest Manor Rd

Toronto, Ontario

Charming 1 Bedroom At Dream Tower At Emerald City| 9 Ft Ceilings| Open Concept & Sun-Filled Dining/Living Room With Floor-To-Ceiling Windows, Laminate Floors & Walk-Out To Balcony | Kitchen With Stainless Steel Appliances & Granite Countertop| Master Bedroom Upgraded With Floor-To-Ceiling Windows & Upgraded To Laminate Floors | Located Across From Fairview Mall | Steps To Public Transit | Close To Schools | Close To Dvp And Hwy 401. **** EXTRAS **** S/S Appliances: B/I Dishwasher, Fridge & Microwave Hood Range. Stacked Washer & Dryer. All Elf's & Existing Curtains With Rod. 1 Underground Parking Spot. Amenities Include: Sauna, Visitor's Parking, Theatre, Yoga Room, Bbq Area, & More! (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
#104 -4040 UPPER MIDDLE RD, burlington, Ontario

#104 -4040 Upper Middle Rd

Burlington, Ontario

RARE OFFERING! THIS luxurious 1 bedroom PLUS Den Condo is Fresh, Fabulous located in the New, Modern & Stylish Park City Condo development! We have a South facing Unit with Soaring 10' Ceilings and Lots Of Natural Light thru Oversized windows and an extra Heavy reflective tinted sliding door walk out to 110 SF Terrace. First Floor Unit overlooking the QUIET front of building. Immaculately maintained by its original owner and professionally painted throughout (2024). Kitchen has Tall upper cabinets/Stainless Steel appliances/slide in stove/backsplash & granite counters. Breakfast bar seating and Open Concept Living Room/Dining room is intimate yes great for entertaining. A Bright and Spacious primary bedroom w 4 piece ensuite bath (Soaker tub and Shower) provides Ensuite privileges to DEN (possible 2nd bedroom).Stacked Whirlpool Washer/Dryer in suite too. One locker come with this unit and VERY RARE - TWO parking spots! Owner paid an extra $35000 in purchase price for the 2nd. Maintenance fees a little higher to cover the additional ownership, but, the convenience is immeasurable. You pay only Hydro and Internet. The Park City building provides residents with a Dining/Meeting room with kitchen; ALounge in the Lobby; guest parking; recycling program and plans for much more with regard to amenities. Don't miss this gem! Tansley Woods Community Centre, TIM Hortons/Groceries/Services/Great local restaurants/walking trails and parks. Close to the Millcroft Golf Club/Schools/Public Transit and Easy Access to QEW and 403. GO train is conveniently located Tons of EXTRAS that makes #104 SPECIAL: Two Parking spaces. 10"" ceilings, Main Floor Unit, Quiet Southern Exposure, 110 SF Terrace, Professionally Painted, 2 Ceiling fans. STATUS CERTIFICATE ORDERED Quick close available **** EXTRAS **** Electric light fixtures, 2 fans, fob, (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,900
#802 -1 REAN DR, toronto, Ontario

#802 -1 Rean Dr

Toronto, Ontario

Luxury New York Towers built by Daniels, excellent location minutes' walk to Bayview subway/TTC, Bayview Village Shopping Centre, Library, Loblaws, IKEA, Starbucks, restaurants and close to 401/404.Best largest 1 Bedroom layout (Model: The Empire) living with 642 sq/ft + 61 sq/ft terrace (as per builder)!!! Open view and quiet unit facing Bayview Village. Upgraded kitchen backsplash, cabinets, laminate floor and lighting. Ready to move-in condition!!! Includes 1 spacious parking close to the elevator and 1 locker. Maintenance Fees include all Utilities, Building includes excellent amenities: concierge/security guard, indoor swimming pool, whirlpool, sauna, virtual golf, billiard, movie theater, fitness classes (yoga, zumba, tai chi, etc), 24 hrs concierge, car wash, table tennis, exercise room, party room, bike storage, guest suites, media room and bbq area. The property management team is currently in the process of installing electric vehicle chargers in the visitor parking area. *SOME INTERIOR PHOTOS ARE VIRTUALLY STAGED* **** EXTRAS **** Existing Appliances: Fridge, Stove, Range Hood, Dishwasher, Washer & Dryer; All Window Coverings, All Electrical Light Fixtures; One Parking; One Locker. (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
#1510 -3695 KANEFF CRES, mississauga, Ontario

#1510 -3695 Kaneff Cres

Mississauga, Ontario

Welcome to this bright and spacious 1+1 suite, centrally located in downtown Mississauga. Enjoy a combined living/dining room, kitchen with tons of counter space and windows allowing natural light to pour in. Enclosed den/solarium can be used as a second bedroom. Large Walk-in storage/pantry room. Low maintenance fees include: heat, hydro and water. Exceptionally managed building with luxury amenities including indoor swimming pool, fully equipped gym, barbecue area, tennis court, party room, guest suites, and 24 hour security. Prime city center location with the future L.R.T. at your footsteps. **** EXTRAS **** Well managed building with incredible amenities including indoor swimming pool, fully equipped gym, barbecue area, tennis court, party room, guest suites and 24 hour security. A true retreat with beautiful gardens. (id:51158)

2 Bedroom 1 Bathroom
For sale
$429,900
100 Burloak Drive|Unit #2505, burlington, Ontario

100 Burloak Drive, Unit #2505

Burlington, Ontario

Welcome to "Hearthstone by the Lake" Retirement Community. Live as independently as you wish or make use of the number of available amenities. This unit offers 9' ceilings, large windows, a full kitchen, a separate dining room, a spacious living room with a walk-out to the treed balcony with North/West exposure, a good-sized bedroom with a walk-in closet, and convenient in-suite laundry. Plus, there is one underground parking space and a locker. Hearthstone Club Fee includes 1-hour of monthly housekeeping, a $250 (incls tax) meal/dining credit, shuttle service, an on-site handyman, an emergency call system, 24-hour emergency nursing, a wellness centre, a concierge, an exercise room, an indoor pool, a library, a dining lounge, and games room -both with fireplaces. Also, enjoy the lovely landscaped grounds and courtyard with outdoor patio areas and a gazebo. All this and just steps to the Lake! (id:51158)

1 Bedroom 1 Bathroom 806 sqft
For sale
$395,000
#1111 -2 GLAMORGAN AVE, toronto, Ontario

#1111 -2 Glamorgan Ave

Toronto, Ontario

Condo living for $395,000! You can't beat this 1 bdrm + 1 bath unit on the 11th floor of a well established building. Shop at Kennedy Commons, access Hwy 401, stroll to Glamorgan Park, or grab transit at your doorstep. Cook grand dinners in the kitchen and serve in separate dining room. The open floor plan allows the party to continue to the balcony that spans the length of the unit. In the morning, take a seat in the kitchen where there's room for table and chairs. Lots of storage, lots of windows. Includes locker and surface parking. $655 maintenance fees. **** EXTRAS **** Convenient location. Tenanted property. A/C unit as is. (id:51158)

1 Bedroom 1 Bathroom
For sale
$465,000
#811 -1 MASSEY SQ, toronto, Ontario

#811 -1 Massey Sq

Toronto, Ontario

P-O-W-E-R- O-F S-A-L-E!, Power of Sale, Approximately 955 sq. (as per management office), Great location, Minutes walk to Victoria Park Subway, 20 Min. to Downtown Core, U of T, Ryerson, George Brown College. Steps to many conveniences. Great Value! (id:51158)

2 Bedroom 1 Bathroom
For sale
$449,000
#421 -1 JARVIS ST, hamilton, Ontario

#421 -1 Jarvis St

Hamilton, Ontario

Welcome to this Brand New unit at 1 Jarvis by EMBLEM Developments! Never lived in, be the first one to move in! Building offers Yoga room, fitness centre, lounge, Co-Work Space! Located in the heart of Hamilton, you'll enjoy easy access to McMaster University, easy access to Highway 403, QEW, shops, restaurants and more! Taxes & Condo Fees have yet to be assessed for this unit. **** EXTRAS **** This is NOT an assignment sale, taxes and maintenance to be assessed. (id:51158)

1 Bedroom 1 Bathroom
For sale
$479,900
#605 -3501 GLEN ERIN DR, mississauga, Ontario

#605 -3501 Glen Erin Dr

Mississauga, Ontario

Perfect time for Buying Condo before Increase Price! Bright And Open Concept 2 Bed, 1 Bath Condo with Long Balcony. That's Central To All Major Amenities. Sliding Door To The Large Private Balcony. This Is Also A Rare Unit That Has An In-Suite Laundry That Includes An Efficient Full-Size Washer. The Unit Comes With One Underground Parking, A Locker, And The Condo Fees Include Heat And Hydro. Condo Amenities Include Fitness Center And Partyroom. Truly So Much Value In This Unit &Location (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,900
15 QUEEN Street S Unit# 1415, hamilton, Ontario

15 Queen Street S Unit# 1415

Hamilton, Ontario

Luxury lifestyle with this 1 bedroom PLUS Den at the Platinum Condos in Hamilton! A new modern smart building with rooftop terrace space, State-Of-The-Art Gym, Party Room and visitor parking. This spacious unit includes a convenient OWNED storage locker and an OWNED underground parking space. Featuring 9 foot ceilings, This kitchen area is sure to impress with quartz counters, an eat in island and stainless appliances. Spend mornings siping coffee or evenings with some vino admiring the views from this 14th floor unit. Minutes away from Hwy 403, McMaster University, Mohawk College, Hospitals, Go Transit System, restaurants and coffee shops! Perfect for the young couple looking to get into the market with lifestyle or a place to hang your head and not have to worry about anything while you do your worldly travels. (id:51158)

1 Bedroom 1 Bathroom 661
For sale
$408,000
#1306 -1 JARVIS ST, hamilton, Ontario

#1306 -1 Jarvis St

Hamilton, Ontario

Step Into The Vibrant Heart Of Downtown Hamilton At 1 Jarvis Street! This Freshly Built Condominium Epitomizes Urban Living With Its Contemporary design and convenient location. Step inside this luminous, carpet-free dwelling featuring one bedroom and a full bathroom, providing ample space for comfortable living. The open-concept layout is perfect for hosting gatherings, boasting a modern kitchen outfitted with stainless steel built-in appliances &quartz countertops. Natural light floods the inviting living area through full-sized sliding doors, leading to a balcony the perfect spot for your morning coffee or evening cocktail. The tranquil bedroom offers a serene escape, complete with a full-height window for abundant natural light. Indulge in the array of amenities complemented by attentive 24-hour concierge service. Situated at the core of Hamilton, enjoy effortless access to all transit. (id:51158)

1 Bedroom 1 Bathroom
For sale
$30,000
#105 -2323 BLOOR ST W, toronto, Ontario

#105 -2323 Bloor St W

Toronto, Ontario

Amazing Opportunity To Own This Well Known And Respected Wellness Clinic In The Heart Of High Park. Perfect For Massage Therapists, Chiro, Physio And Much More! All Chattels and Database Of Over 1000 Loyal Customers Is Included. Training Provided! **** EXTRAS **** 3 Yrs Left on The Lease + 5 Yrs, Very Reasonable Terms. Great Visibility And Walk- In Traffic On Bloor St. West (id:51158)

1 Bathroom 490 sqft
For sale
$479,000
#409 -19 AVONDALE AVE, toronto, Ontario

#409 -19 Avondale Ave

Toronto, Ontario

Absolutely!""Step into and embrace this sun-drenched corner unit, boasting move-in condition and thoughtful updates throughout. Illuminated by the warmth of natural light, this bachelor living space features a charming balcony, convenient locker, and coveted parking spot. Nestled in the vibrant Yonge and Sheppard locale, you're just a leisurely stroll away from TTC access, Whole Foods, bustling Yonge Street, eclectic shops, and a plethora of dining options. **** EXTRAS **** included pristine move-in condition, freshly painted walls that breathe new life into the space, a versatile Murphy bed for optimized living, an inviting electric fireplace for cozy evenings, and brand-new blinds offering style and privacy. (id:51158)

1 Bathroom
For sale
$499,000
4040 UPPER MIDDLE ROAD Road Unit# 104, burlington, Ontario

4040 Upper Middle Road Road Unit# 104

Burlington, Ontario

Attention empty nesters, commuters, first time home buyers, investors and executives, RARE OFFERING! THIS luxurious 1 bedroom PLUS Den BOASTS OWNERSHIP of TWO, yes 2 Parking Spots! This Fresh and Fabulous Condo is Ready for YOU in the New, Modern & stylish Park City Condo development! South facing Unit with Soaring 10' Ceilings! Lots Of Natural Light/Oversized windows/Walk Out To Extra Large 110 SF Terrace.Located On The First Floor overlooking the QUIET front of the building. It has been Immaculately maintained by its original owner and professionally painted throughout (2024). Kitchen has Tall upper cabinets/Stainless Steel appliances/slide in stove/backsplash & granite counters. Breakfast bar seating for 3 and Open Concept Living Room/Dining room is intimate for quiet evenings yet flows beautifully for entertaining. A Bright and Spacious primary bedroom w 4 piece ensuite bath (Soaker tub and Shower) provides Ensuite privileges to DEN (possible 2nd bedroom). Stacked Whirlpool Washer/Dryer too. One locker come with this unit and TWO parking spots. Owner paid an extra $35000 in purchase price! No parking at the plaza or waking early to move your car. Maintenance fees a little higher to cover the 2=better than renting one. You Still Only pay Hydro and Internet. The Park City building provides residents with a Dining/Meeting room with kitchen. Lounge in the Lobby, guest parking, recycling program and plans for much more with regard to amenities. Don't miss this gem! Tansley Woods Community Centre, TIM Hortons/Groceries/Services/Great local restaurants/walking trails and parks. Close to the Millcroft Golf Club/Schools/Public Transit and Easy Access to QEW and 403. GO train is conveniently located nearby. RECAP of EXTRAS that makes #104 SPECIAL: Two Parking spaces. 10 ceilings, Main Floor Unit, Quiet Southern Exposure, 110 SF Terrace, Professionally Painted, Celings fans. STATUS CERTIFICATE ORDERED Quick close available (id:51158)

1 Bedroom 1 Bathroom 653

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.