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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
$399,000
853 - 151 DAN LECKIE WAY, toronto, Ontario

853 - 151 Dan Leckie Way

Toronto, Ontario

Welcome to this fantastic find - a bright, south-facing unit that's truly a gem! Picture this: wide-open-concept living, with plenty of room to make your own. This bachelor pad is a rare offering, boasting a layout that maximizes every inch of space. And let's talk about those views - unobstructed vistas of Canoe Landing Park that are here to stay, no looming buildings to spoil the scenery! Inside, you'll find a kitchen that's more than just functional - it's designed for convenience, with an extended pantry to store all your culinary delights with high end Miele appliances. You're within easy reach of entertainment, restaurants, and transit, making it a breeze to explore the vibrant neighborhood. This bachelor is the roomiest you'll find around here, giving you the freedom to create your own cozy haven. But that's not all. With the library and Sobey's just steps away, convenience is at your fingertips. And when you're ready to unwind or get active, Club Parade awaits, offering a host of amenities to suit your every mood. Make yourself at home in this inviting space - it's ready and waiting to welcome you! (id:51158)

1 Bathroom
For sale
$495,000
1206 - 725 DON MILLS ROAD, toronto, Ontario

1206 - 725 Don Mills Road

Toronto, Ontario

Great Location! Spacious & Bright Corner Unit! 2 Bedroom & 1 Bedroom, Newer Kitchen Cabinet, Granite Counter Trop, Unit Comes W/1 Parking,1 Locker. All Utilities Are Inclusive In The Maintenance Fees. The Complex Has All Indoor Pool, Gym, Well Maintain Garden, Closer To TorontoDowntown, TTC At Doorstep, Hwy 404, New Community Of Crosstown & Ontario Subway Line. Mins To Park, Science Centre, Close To Schools,Shopping, Parks, Library, Access To Major Highways. Good Fit For First Time Buyer. **** EXTRAS **** Existing Fridge, Stove, Dishwasher (As Is), All Elfs, Window Coverings. Laundry can be installed. (id:51158)

2 Bedroom 1 Bathroom
For sale
$399,999
702 - 159 DUNDAS STREET E, toronto, Ontario

702 - 159 Dundas Street E

Toronto, Ontario

Welcome to this Bright & Spacious Bachelor Suite with a Big Open Private Balcony, One of the biggest bachelor suite, among Toronto condos, bigger then most one bedroom suite in Toronto downtown. It is converted to 1 bedroom suite using Japanese style divider, a Big Pantry or Huge Secondary closet, a Very well defined Kitchen, a Spacious living room, Floor-To-Ceiling Windows that bring in tons of natural light during the day. Luxury Finishes Including, Brand New Laminate Flooring, High Tech Multicoloured Pot Lights, Roller blinds and Is Freshly Painted. Steps to Yonge and Dundas Square, TMU University (Ryerson), Dundas Subway, Financial District, Eaton Center and 24 Hr Streetcar At Doorsteps. Resort Style Amenities With 24 Hour Concierge, Party Room, BBQ on Roof Garden, Sauna, Outdoor Pool, Full Purpose Gym, Yoga Room, Party Room, Reading Room & Ample Outdoor Common Space On The 8th Floor. This Is Downtown Living At Its Best and So Much More. **** EXTRAS **** * Short Walk to Dundas Square, Subway, TO PATH Network, Eaton Center, TMU (Ryerson University), Street car across building lobby, Tons of Restaurants, Shopping, Entertainment and Lot more. (id:51158)

1 Bathroom
For sale
$425,000
404 - 255 DUNCAN MILL ROAD, toronto, Ontario
Other

404 - 255 Duncan Mill Road

Toronto, Ontario

Welcome to the epitome of commercial sophistication! Nestled just off the bustling highway, this stunning office space offers not just convenience, but an unparalleled opportunity to elevate your business to new heights. Offering a practical open layout and approx 880 sqft. This unit boasts two executive offices, each exuding an aura of professionalism and comfort, alongside a spacious boardroom area. One underground parking spot included. Close to multiple transit options, restaurants and shops. **** EXTRAS **** Property tax includes unit + 1 parking spot. (id:51158)

880 sqft
For sale
$499,900
#204 -1450 BISHOPS GATE, oakville, Ontario

#204 -1450 Bishops Gate

Oakville, Ontario

Abbey Oaks Condo In Sought After Glen Abbey. Freshly painted large one bedroom unit, bright and spacious. Open Concept Living. Ecobee Thermostat. New toilet. Walking Distance To top ranking Abbey Park High School, Pilgrim Wood Public School, Community Centre, Plazas, And Trails. On-Site Clubhouse With Gym, Sauna & Party Facilities. Close to QEW, Bronte Go train station. **** EXTRAS **** Fridge, Stove, Range Hood, Dishwasher, Washer/Dryer, All Elf's, All Existing Window Coverings. (id:51158)

1 Bedroom 1 Bathroom
For sale
$476,000
156 Garside Avenue N, hamilton, Ontario

156 Garside Avenue N

Hamilton, Ontario

Absolutely Charming Home Well Located In Homeside! You'll love coming home to this piece of paradise. Gleaming Hardwood Floors, Large Windows, Beautiful Original Woodwork on Doors, Stairway. The modern farmhouse kitchen, with its' deep and wide farmhouse sink, granite counters, live-edge open-shelving and farmhouse lighting are bound to please. Other updates include bathroom, flooring, windows, front porch decking '24, shingles, '22, furnace and ductwork '20. After a long day relax on the front porch or enjoy the quiet in the deep back yard which offers lots of space to play, barbecue and entertain. The family room on main floor was once a bedroom and could be reverted back. The possibility of parking exists off the alleyway at the far end of the back yard. Handy mud room off the kitchen. Such a great location! Just 250 m to Andy Warburton Park and a fifteen minute walk to Center Mall where all your shopping can be done. Walk to Ottawa Street for more shopping and dining. Be sure to see this lovely home. (id:51158)

2 Bedroom 1 Bathroom 1118 sqft
For sale
$299,000
#E7 -1011 UPPER MIDDLE RD E, oakville, Ontario
Restaurant

#e7 -1011 Upper Middle Rd E

Oakville, Ontario

Successful long time neighbourhood Chinese Restaurant in a busy plaza. Rarely do shops come out for sale here! Anchored by stores like Metro, LCBO, Beer Store etc. Seats 30 patrons and has lots of take out business! Excellent kitchen setup with large exhaust hood, updated grease trap, work area and clean areas, two large walk-in refrigerators. Easy access to loading area and garbage dump in the back. Two washrooms. Owner can train purchaser. (id:51158)

2 Bathroom 1884.55 sqft
For sale
$398,000
#304 -1 JARVIS ST, hamilton, Ontario

#304 -1 Jarvis St

Hamilton, Ontario

Absolute Gem!! This contemporary 1-bedroom condo boasts an open concept layout and a stylish three-piece bath. The kitchen is outfitted with stainless steel appliances. Step out onto your huge private 220-square-foot terrace, great for entertaining family & friends!! 1 Jarvis exemplifies Hamilton's evolving landscape. This brand new 15-storey condominium blends the city's historic charm with a forward-looking urban aesthetic, featuring details that nods to its past and a sleek, modern design that looks to the future. Conveniently located with easy access to Hwy 403, QEW, Red Hill Valley Parkways, West Harbor, and Hamilton GO, plus just a short walk to the HSR bus stop. Seeing is believing!! Wow!!! **** EXTRAS **** Building amenities include yoga, fitness center, lounge, and ground-level retail space. Situated a short distance to McMaster University, Mohawk College, St. Joseph's Hospital, public transit, shopping, restaurants, schools, and much more. (id:51158)

1 Bedroom 1 Bathroom
For sale
$299,000
#K19&K20 -1911 FINCH AVE W, toronto, Ontario
Retail and Wholesale

#k19&k20 -1911 Finch Ave W

Toronto, Ontario

Location! Location! Fantastic Money making Business with Lotto and Variety combo shop. Located atJunction of East Gate & North Gate in Jane/Finch Mall. Surrounded by CIBC, Tim Hortons, Freshco,McDonald's & Shopper's Drug Mart. Two Lotto Machine, Easy to Run, Turnkey & Secure Business. Lease 5Years, Rent $3,300/Month (Inc TMI, Utilities & HST). Owner is retiring after 15 years operating thisstore. Mall Hours: Mon-Fri 10-9, Sat 10-6, Sun 10-5. All Holiday is Closed. Pls Don Talk to Employee. **** EXTRAS **** The related documents will be released after the offer is accepted (id:51158)

309 sqft
For sale
$379,946
#103 -851 QUEENSTON RD, hamilton, Ontario

#103 -851 Queenston Rd

Hamilton, Ontario

Great Location, Ground Floor Condo, 2 Bed, 2 Bath Unit, Located in the Riverdale West Area. This Unit has an Open Balcony with Easy Access to Parking and Transit. No need to take elevators. Parking on main level as well. Close to QEW, 5 Min Drive, Shopping Mall across the street (Eastgate Square), Restaurants, Schools, Parks and Many Trails. Bus Stop Directly in Front of Building. Why Rent When you can Buy this Great Unit. (id:51158)

2 Bedroom 2 Bathroom
For sale
$289,900
U 1 9149 DERRY RD W, milton, Ontario
Retail and Wholesale

U 1 9149 Derry Rd W

Milton, Ontario

For sale in the bustling town of Milton, Ontario, is a thriving meat and grocery store nestled in a high-traffic area at the heart of the community. Boasting rapid growth, this established business offers a lucrative opportunity for aspiring entrepreneurs.Conveniently located, this store caters to the diverse needs of its customers with a wide range of products and services. From fresh cuts of meat to pantry staples, it's a one-stop shop for all household essentials.What sets this store apart is its dedication to customer convenience. With door-to-door delivery services, busy residents can enjoy the convenience of having their groceries brought right to their doorstep. Additionally, the inclusion of a coffee shop adds a cozy ambiance, inviting patrons to relax and enjoy a hot beverage while they shop.But that's not all this store goes above and beyond by offering unique amenities like a slush machine, perfect for refreshing treats on hot summer days. Furthermore, embracing modern technology, it also facilitates Bitcoin exchanges, catering to the growing trend of digital currencies.Now is your chance to seize the reins and become your own boss with this exceptional business opportunity. Don't miss out on the chance to own a thriving meat and grocery store in Milton, Ontario. **** EXTRAS **** There Are Lease Options Available For 1-5 Years With Option Of Renewal For Other 5 Years . We Are Including All Chattels In Our Sale Price. Only meat and grocery store between Sixth Line & Ontario St. (id:51158)

858 sqft
For sale
$475,000
902 - 3380 EGLINTON AVENUE E, toronto, Ontario

902 - 3380 Eglinton Avenue E

Toronto, Ontario

Location , location, location. Extremely desirable stunning bright and spacious, amazing open concept layout with 2 large bed rooms and 2 washrooms condo in the heart of Scarborough. Over sized balcony, ensuite laundry, locker, parking , low maintenance fee, plenty of visitor parking, steps to amenities: ttc, schools, shopping , community centers, Kennedy go station, Metro, Walmart, fitness club , places of worship and more. New laminate flooring, renovated washrooms and freshly painted and more. Great value for money. (id:51158)

2 Bedroom 2 Bathroom
For sale
$429,900
412 - 800 KENNEDY ROAD, toronto, Ontario

412 - 800 Kennedy Road

Toronto, Ontario

Look No Further! Picture Perfect Spacious 2 Bedroom Unit Located A Short Walk To Kennedy Subway Station & Go Train Station. Phenomenal Value For An Upgraded Unit Boasting Approximately 900 Sq Ft Of Living Space! This Is The Definition of Affordable Living In A Very Well-Managed & Renovated Building. Maintenance Fee Is All Inclusive (Property Taxes Are Also Included!). (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,999
306 - 5131 SHEPPARD AVENUE E, toronto, Ontario

306 - 5131 Sheppard Avenue E

Toronto, Ontario

Welcome To 5131 Sheppard Ave East - A Beautiful Newer Low Rise Condo Built By Daniels. Conveniently Located At The Intersection Of Markham Road & Sheppard Avenue East. This Naturally Light Filled, 1 Bedroom With A Den (Which Could Be Used As An Office Or Second Sleeping Area) Has An Oversized Bathroom, Gorgeous Kitchen With Stainless Steel Appliances, Ensuite Laundry And A Parking Spot Located Close To The Elevator. There Are Lots Of Visitor Parking Spots Here For Your Guests. Focus On Your Health In The Exercise Room & Yoga Room, Grow Your Own Veggies In The Community Garden, Or Entertain Your Guests In The Party Room & Outdoor Patio/Barbecue Area. Watch Your Kids Play In The Playground From Your Balcony. Situated Close To Public Transit, Hwy 401 & Scarborough Town Centre. Walking Distance To Ttc, Grocery Stores, Restaurants & Banks. Centennial College & Uoft Campus' Are Less Than 10 Minutes Away. You Will Be A Short Bus Ride Away From The Upcoming Sheppard Subway Station At McCowan & Sheppard. The Lower Maintenance Fees Make This A Great Opportunity For First Time Buyers, Downsizers, Newlyweds Or Investors. Don't Miss Out On This Opportunity! **** EXTRAS **** Stainless Steel Fridge, Stove, Dishwasher & Range Included. Stacked Full Size Washer/Dryer Included. All Window Coverings And Curtain Rods. All Electric Light Fixtures. Hot Water Tank Is A Rental. (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,900
213 - 478 KING STREET W, toronto, Ontario

213 - 478 King Street W

Toronto, Ontario

Bright and spacious studio apartment with full length balcony and ample ensuite storage at victory condos. This abode boasts floor-to-ceiling windows, window coverings with blackout blinds, 10ft ceiling. Stone kitchen counters with integrated and stainless steel appliances (fridge, stove, built-in dishwasher, microwave/range hood). Oversized laundry room. **** EXTRAS **** Enjoy all that king west has to offer with parks, restaurants, caf? S, transit and the financial district a short stroll from your front door. Extensive building amenities include a concierge, party room, gym and more. (id:51158)

1 Bathroom
For sale
$499,990
308 - 1000 SHEPPARD AVENUE W, toronto, Ontario

308 - 1000 Sheppard Avenue W

Toronto, Ontario

LOCATION! LOCATION! Uncover the potential of this 2-bed, 2-bath condo in North York, steps from Sheppard West subway station. With a warm and inviting feel, this residence offers a versatile layout waiting for your personal touch. Enjoy the convenience of two bathrooms, and elevate your lifestyle with 2 parking spaces and 1 locker. Nestled in a prime location, this condo not only promises potential but also exudes a welcoming ambiance, making it the perfect urban retreat. Don't miss the chance to make this warm and promising condo your own! Sold as is. STEPS AWAY from Subway! Approx 20 minutes to Downtown! NEW Paint throughout! S/S appliances. Some photos have been virtually staged. **** EXTRAS **** 2 Parking spots, 1 Locker (id:51158)

2 Bedroom 2 Bathroom
For sale
$399,900
2909 - 20 RICHARDSON STREET, toronto, Ontario

2909 - 20 Richardson Street

Toronto, Ontario

Experience waterfront living in the Daniels-built Lighthouse East Tower in the vibrant City of the Arts. This stunning ""Pelican Beach"" model boasts bright, modern rooms with an open-concept kitchen featuring quartz countertops and stainless steel appliances. From this unit, enjoy stunning views of the Toronto skyline, enhancing the urban living experience. Situated beside Sugar Beach and steps from Loblaws and transit, the condo offers unmatched accessibility. The building is rich with amenities, including basketball courts, gardening plots, and a fitness center. Perfect for anyone seeking luxury and style in a prime location. (id:51158)

1 Bathroom
For sale
$499,900
726 - 155 DALHOUSIE STREET, toronto, Ontario

726 - 155 Dalhousie Street

Toronto, Ontario

Experience premier urban living and artistic charm in the renowned Merchandise Building! This freshly painted, move-in ready, live/work hard loft boasts approximately 700 square feet of vibrant, stylish gallery space with soaring 12 foot ceilings, exposed ductwork, solid 8 foot high maple barn doors, concrete columns, polished floors, and 9 foot warehouse windows. Whether you're an investor seeking a sound opportunity or an end user craving a unique sanctuary, this functional 1 bedroom space offers the perfect blend of character and convenience. Situated minutes away from Yonge Street, Eaton Centre, Massey Hall, St. Lawrence Market, Toronto Metropolitan University + St. Mike's Hospital. This central downtown location provides unparalleled access to the city's vibrant energy. Enjoy easy grocery shopping at Metro within the building. Indulge in unparalleled amenities including a basketball court, fully-equipped gym, large year-round indoor pool, rooftop garden deck + BBQ area with breathtaking views with a dedicated dog walk. Boasts not one, but three welcoming lobbies! **** EXTRAS **** A very well managed building where 24 hr. concierges cater to a diverse group of creatives, professionals, retirees, couples, singles + devoted pet enthusiasts. A lifestyle defined by creativity, convenience, and camaraderie. (id:51158)

1 Bedroom 1 Bathroom
For sale
$489,000
E908 - 555 WILSON AVENUE, toronto, Ontario

E908 - 555 Wilson Avenue

Toronto, Ontario

This Unit Comes With 1 Parking & 1 Locker; South Exposure Brightly; View Of CN Tower Skyline From Huge Balcony; Move-In Ready Clean Condition; Laundry Room Extra Space For Storage With Shelf; Amenities Boast Infinite Indoor Pool, Cabanas & BBbq Terrace.Steps To Subway But No Noise From Subway; Minutes Driving to Allen Rd & Hwy401 but no noise from Hwy traffic; Only 1 Station To Yorkdale Mall. Only 4 Subway Stations To York University.20Mins To Downtown & U.T.; Huge Shopping Plaza(Costco,Home Depot,Starbuck,RBC Bank,Lcbo) Nearby. **** EXTRAS **** Laundry Room Extra Space For Storage With Shelf; Amenities Boast Infinite Indoor Pool, Cabanas & BBq Terrace. (id:51158)

2 Bedroom 1 Bathroom
For sale
$190,000
283 COLLEGE STREET, toronto, Ontario

283 College Street

Toronto, Ontario

HOT HOT HOT - CORNER OF SPADINA/COLLEGE, MAJOR PRIME INTERSACTION, FULLY RENOVATION CAFE BUSINESS FOR SALE, NEXT TO REXALL DRUG STORE, STREET CAR STOP RIGHT AT CORNER. EXTREMLY BUSY TRAFFIC AND GREAT EXPOSURE. LOW RENT 4676.11/MO include TMI. **** EXTRAS **** All existing equipments, 1 SUIT IN BASEMENT INCLUDED. Tenant pay gas, hydro, and utility. ONE CAR PARKING AT THE REAR. **** EXTRAS **** List Of Equipment And Chattels Are Available Upon Request. All Owned By The Seller. (id:51158)

1067 sqft
For rent
$20,000 Monthly
103 NORTHDALE ROAD, toronto, Ontario

103 Northdale Road

Toronto, Ontario

EXCEPTIONAL GRAND RESIDENCE FEATUREING 5+1 BEDROOMS WITH 6 BATHROOMS & FINISHED BASEMENT WITH NANNY QUARTER, SANUA & GAMES ROOM ON 1/2 ACRE REVERSE PIE LOT IN PRIME NORTH YORK LOCATION. IMPRESSIVE CURB APPEAL WITH LARGE CIRCULAR DRIVEWAY AND 3 CAR GARAGE. OVER 7,600+ SQ FT OF INTERIOR LIVING SPACE. GOURMET CUSTOM KITCHEN COMPLETED WITH TOP-OF-THE-LINE APPLIANCES & SERVERY. LARGE CUSTOM PATIO/ DECK TO ENJOY THE FULLY LANDSCAPED BACKYARD WITH FOUNTAIN AND OUTDOOR LIGHTING. LANDLORD WILL BE RESPONSIBLE FOR LAWN CARE AND SNOW REMOVAL. PARTIALLY FUNISHED. **** EXTRAS **** TENANT HAS THE USE OF: ALL EXISTING CHATTELS, FIXTURES, FURNITURE AND FURNISHING AS IN SCHEDULE \"C\". TENANT MUST HAVE TENANT INSURANCE AND PAYS FOR ALL UTILITIES. (id:51158)

6 Bedroom 6 Bathroom
For sale
$498,000
711 - 50 BRUYERES MEWS, toronto, Ontario

711 - 50 Bruyeres Mews

Toronto, Ontario

In demand Unit with PARKING and TWO Storage Lockers! 10' Feet Ceilings, Floor to Ceiling windows! New Water Resistant Vinyl Flooring Throughout. Upgrade Kitchen Island and Lights, Multiple Stylish Shelves. Modern and Cozy Unit. Full Size Balcony. Extended Kit Cabinets & Deluxe Ge Profile Full Size SS Kitchen Appliances. Located In The Heart Of Toronto's Fort York Neighbourhood, Just A Short Walk To The Waterfront and CNE. Steps To Toronto's Harbourfront, TTC Street Car At Your Door, Loblaws, Shoppers Drug Mart, LCBO and Many More Retailers Located Directly Across The Street At West Block. Minutes Walk To Billy Bishop Airport, B.M.O. Field! City Living At Its Finest.*One Floor Up is the Amazing Outdoor Terrance, Enjoy a fun gathering with Family & Friends, Features comfortable Lounge Seating, BBQ Facilities and Chef's Kitchen. Games room. Desirable urban living space that offers convenience, excitement, and potential for both End-User and investors, Don't Miss it! **** EXTRAS **** 1 Parking,2 Lockers! Stainless Steel Fridge, Stove, Microwave,Dishwasher, White Washer&Dryer, Incredible Amenities Including:24Hr Concierge, Fully Equipped Gym, Party Room, Rooftop Patio, Theatre And Media Room, Visitor Parking, Bike Racks (id:51158)

2 Bedroom 1 Bathroom
For sale
$112,000
113 - 384 YONGE STREET, toronto, Ontario
Retail and Wholesale

113 - 384 Yonge Street

Toronto, Ontario

Commercial Condominium Unit in the heart of Downtown Toronto Mall named Aura Concourse Shopping Mall. Connected at Concourse Level to College Park that leads to College Subway. Flooring, Lighting fixtures, Sink with Sanitary Plumbing in place. Business Use can be an Optical Retail Store, Hair or Nail Salon or Beauty Related, Call Centre, Private Coaching, Small Classroom. (id:51158)

426.97 sqft
For sale
$490,000
4008 - 8 CUMBERLAND STREET, toronto, Ontario

4008 - 8 Cumberland Street

Toronto, Ontario

BE A FIRST PERSON LIVE HERE , Rare Opportunity To Own An Upgraded Suite With One Of Toronto's Most Prestigious Addresses On a High Floor! Tons of windows & Luxurious, Modern, Spacious, Bright ,floor to ceiling windows. 10-foot smooth ceilings , Indulge in the ultimate luxury lifestyle Yorkville offers, This Unit Is Located Minutes To Designer Boutiques, Fine Dining, Bloor & Yonge Subway Lines & Underground Path, Walking Distance To U Of T. (id:51158)

1 Bedroom 1 Bathroom

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.