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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 $499,999
House For Sale in toronto, 402 DANFORTH AVENUE
Restaurant

402 Danforth Avenue

Toronto, Ontario

3500 sqft
The renowned and VERY popular MEGAS Restaurant and event space is looking for its new lucky owner. With an already established name for itself and one of the original Greek restaurants to dig its roots on the Danforth, the new owner can enjoy a turnkey business that produces excellent revenue. Loyal customers have been enjoying over 3500 sq ft of eatery, lounge, patio and premium event space for private functions for over 30 years. Live music, authentic Greek food and a fan favorite for takeout/delivery makes this a truly once in a lifetime opportunity. Fully renovated, Fully equipped, Fully staffed, devoted clientele and retiring sellers willing to pass on their legacy. Willing to train new owners. Seeing is believing so come on by! **** EXTRAS **** Existing Lease assumable by new buyers. (id:51158)
Homes for sale in Toronto
For sale $399,000
House For Sale in toronto, 702 - 1028 MCNICOLL AVENUE

702 - 1028 Mcnicoll Avenue

Toronto, Ontario

1 Bathroom
Luxurious Life Lease @ Vintage Garden Phase 2, Well Designed for Senior Residents 55 and Older. Spacious and Practical Layout, Bright, Higher Ceiling Over 9 Foot, Upgrade Jennair Steam Oven, Upgrade Front Load Washer & Dryer, Emergency Call Button in Bathroom, 24 Hours Security and Emergency Response System. Grand Lobby and Generous Amenities Including Library, Dining Room, Gym and More. Monthly Fee Total $500.58 Including Property Tax $97.38, Management Fee $403.20. (id:51158)
Homes for sale in Toronto
For sale $280,000
House For Sale in toronto, 5451 YONGE STREET
Restaurant

5451 Yonge Street

Toronto, Ontario

1800 sqft
Location Location, Located!! Busy Restaurant In North York. Walking Distance To Subway, And Nice Patio Area. Surrounding With Lots Residential Condos And Houses And As Well As Commercial Businesses. Perfect Location To Run The Business And Succeed On It. **** EXTRAS **** Newly Renewed Contract And Plus 5Yrs Options. Rent $13000 plus tmi hst . All Chattel And Equipment Are Included (id:51158)
Homes for sale in Toronto
For sale $150,000
House For Sale in toronto, 3234 YONGE STREET
Retail and Wholesale

3234 Yonge Street

Toronto, Ontario

700 sqft
Turn key Profitable Floral Boutique for Sale! A well established business since 2011, this boutique is located in the prestigious Lawrence Park area with a great and loyal client base. Stellar Google reviews, exceptional quality and a prime location drive consistent revenue from floral arrangements, plants & home decor, with the opportunity for tremendous growth in the weddings, funerals and events business. This stunning open concept space ensures an inviting atmosphere with elegant decor throughout and a great reputation for warm and friendly customer service. Immediate income guaranteed. Sale includes all chattels, Facebook & Instagram accounts. Don't miss this opportunity to walk in and make it your own! (id:51158)
Homes for sale in Toronto
For sale $448,900
House For Sale in toronto, 1113 - 88 BLUE JAYS WAY

1113 - 88 Blue Jays Way

Toronto, Ontario

1 Bathroom
An Opportunity To Live At One Of Toronto's Most Prestigious Address. Bish Hotel And Residences Is An Entirely New Standard Of Elegant Private Residences And Boutique Hotel Environment. 9 Ft Ceilings, Contemporary Kitchen finishes, including natural stone Counters And backsplash And It. Appliances. Everything At Your Front Door - Transit, Restaurants, Nightlife, Rogers Centre And lIft Festivals. Enjoy Perfect City Living And Endless Lifestyle Amenities! Occupant Enjoy ""Bisha Lifestyle"" Which Offers 44th Floor Patio, Kost Restaurant, First Restaurant By Iron Chef Participant, Akira Back, Mister C Hotel Lobby Bar And 15% Discount At Frenchmade Cafe. Valet Parking & Dry Cleaning At extra cost **** EXTRAS **** *Ss Fridge *Ss Stove *Ss Dishwasher *Washer & Dryer *All Electric Light Fixtures *Ss Microwave *Ss Built-in Oven (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, 416 - 65 EAST LIBERTY STREET

416 - 65 East Liberty Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Gorgeous updated, freshly painted and move-in ready, bright and spacious one bed/one bath condo located at beautiful King West Condos in the heart of bustling Liberty Village. Fabulous layout featuring a walk out to a balcony, New premium vinyl plank floor, modern kitchen with S/S full size appliances, granite countertops, built in shelving in Living/Dining area and custom closet organizers and owned storage locker. Enjoy premium amenities incl. a 22,000-square-foot recreational facility. This contains 25th floor rooftop lake view club and terrace, acre courtyard terraces, courtyard party lounge, Hollywood style screening room, indoor pool, hot tubs, steam rooms, yoga room, circuit training area, cardio and fitness area, games arcade, billiards room, bowling alleys, sports simulators with Wii capability and 5 guest suites. (id:51158)
Homes for sale in Toronto
For sale $489,900
House For Sale in hamilton, 23 Albany Avenue

23 Albany Avenue

Hamilton, Ontario

2 Bedroom 1 Bathroom 696 sqft
Attn: First Time Buyers!!! Immaculate. Nothing to do but move in. Recent renos include most windows 2024 doors 2023 furnace 2022 exterior paint 2022 pot lights 2021, flooring throughout and freshly painted! Past updates include kitchen, 4 piece bath, shingles Priced to sell. Close to public transit, highways and all major amenities. (id:51158)
Homes for sale in Hamilton
For sale $179,000
House For Sale in hamilton, 1140 Fennell Avenue E

1140 Fennell Avenue E

Hamilton, Ontario

1056 sqft
Thriving Pizza & Wings Business in the Heart of Hamilton Mountain! With over 30 years of success, this establishment boasts a loyal customer base, including three nearby schools ensuring steady foot traffic. Equipped with amenities such as a walk-in cooler, dual ovens, and dough mixer, this opportunity is primed for growth. Don't miss out on this fantastic chance to step into a flourishing business in a prime location with excellent visibility. Act now, as opportunities like this are rare! DO NOT APPROACH PIZZA'S OWNER AND WORKERS AT ANYTIME. (id:51158)
Homes for sale in Hamilton
For sale $500,000
House For Sale in hamilton, 1 JARVIS Street Unit# 805

1 Jarvis Street Unit# 805

Hamilton, Ontario

2 Bedroom 2 Bathroom 670
Welcome to 1 Jarvis Street, your urban oasis nestled in the heart of Hamilton! This chic 2-bedroom, 2-bathroom residence boasts modern elegance and convenience. With all appliances included, from stainless steel kitchen appliances to a washer and dryer, effortless living is at your fingertips. Enjoy the ease of one designated parking spot and a storage locker for added convenience. Situated near McMaster University, this prime location offers the perfect blend of city living and campus proximity. (id:51158)
Homes for sale in Hamilton
For sale $499,000
House For Sale in toronto, 65 EAST LIBERTY Street Unit# 416

65 East Liberty Street Unit# 416

Toronto, Ontario

1 Bedroom 1 Bathroom 410
Newly updated and painted and move-in ready, bright and spacious one bed/one bath condo located at beautiful King West Condo’s in the heart of bustling Liberty Village. Fabulous layout featuring a walk out to a balcony, new premium vinyl plank floor, modern kitchen with S/S full size appliances, granite countertops, built in shelving in Living/Dining area and custom closet organizers and owned storage locker. Enjoy premium amenities incl. a 22,000-square-foot recreational facility. This contains 25th floor rooftop lake view club and terrace, ½ acre courtyard terraces, courtyard party lounge, Hollywood style screening room, indoor pool, hot tubs, steam rooms, yoga room, circuit training area, cardio and fitness area, games arcade, billiards room, bowling alleys, sports simulators with Wii capability and 5 guest suites. (id:51158)
Homes for sale in Toronto
For sale $332,900
House For Sale in toronto, 2-203 - 50 OLD KINGSTON ROAD

2-203 - 50 Old Kingston Road

Toronto, Ontario

2 Bedroom 1 Bathroom
Welcome to condo living at its best! This condo is a lifestyle specifically for mature adults aged 55+ (must be owner occupied). This well appointed 2 bedroom unit is filled with plenty of natural light. Boasting a primary bedroom with a huge walk-in closet, bright and spacious living and dining rooms, a functional kitchen, a large main bathroom with tub and shower, 2 large walk in storage closets as well as an exclusive locker and parking spot! Enjoy the outdoors on your sprawling terrace or on the lush grounds surrounded by plenty of trees, manicured gardens, gazebo and benches for your convenience and relaxation. Plenty of building amenities including indoor swimming pool, sauna, showers, party room, exercise room, library and workshop. Located in close proximity to public transit, shopping, walking trails and more! (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in hamilton, 9 - 34 BOW VALLEY DRIVE

9 - 34 Bow Valley Drive

Hamilton, Ontario

3 Bedroom 3 Bathroom
RAVINE LOT !!! END UNIT !!! No Neighbours at back for complete privacy. Beautiful Total 4 Bedrooms Townhouse. 3 very good-sized Bedrooms upstairs + 1 Bedroom on ground floor. Lots of Sunlight. Huge Living & Dining rooms. Renovated Kitchen. Fully fenced Private backyard. Updated Washrooms. Main floor FAMILY Room (walkout to backyard) can be used as Office/ Den or 4th bedroom **** EXTRAS **** Condo Fee includes Water Bill, Property Insurance, Roof, Windows, Garage Door, Main Door, Patio Door, Grass Cutting, Snow Removal, Driveway & Fence etc. (id:51158)
Homes for sale in Hamilton
For sale $450,000
House For Sale in hamilton, 302 - 57 MERICOURT ROAD

302 - 57 Mericourt Road

Hamilton, Ontario

2 Bedroom 1 Bathroom
Incredible Opportunity! Largest 2 bedroom corner unit in the complete building! Great investment, or perfect for working professionals! Condo fee includes everything except hydro - easy living here!Amazing Location, Minutes To Mac, Downtown Dundas And Old Ancaster. Bus Stop Right In Front Of Building. Walking Distance To Fortinos Plaza And Local Restaurants. Renovated Unit, Perfect For First Time Home Buyer, Rental Unit Or Downsizing. Fantastic layout featuring a welcoming foyer, a formal dining room, a generously sized living room space perfect for a home office set-up and relaxing with friends, large bedrooms with closets. Seeing is believing! (id:51158)
Homes for sale in Hamilton
For sale $369,000
House For Sale in toronto, 1309 - 30 SAMUEL WOOD WAY S

1309 - 30 Samuel Wood Way S

Toronto, Ontario

1 Bedroom 1 Bathroom
Absolutely breathtaking! Discover the allure of KIP District 2 with this fantastic new listing! Perfectly located just a short walk from Kipling Subway/GO Station and minutes from major highways(427, QEW, Gardiner, 401), Quick and easy access to downtown Toronto and the airport. This sought-after open concept unit features high ceilings, private balcony with a breathtaking view of the skyline, and the convenience of ensuite laundry equipped with a full-sized front loading washer and dryer. The kitchen boasts sleek, flat-panel cabinetry with soft-close doors and drawers, complemented by a quartz countertop and a stylish matching backsplash, alongside an undermount stainless steel sink. The bathroom is outfitted with a marble countertop sink and a high-efficiency toilet. With stainless steel appliances and a prime location, this unit presents an excellent investment for rental or is ready for immediate move-in. **** EXTRAS **** Gym, Party Room, Bike Lockers, Guest Suite, Pet Washing Room, Workshop and Bike Repair room, Rooftop Terrace, Residents Lounge (id:51158)
Homes for sale in Toronto
For sale $299,000
House For Sale in burlington, 399 ELIZABETH STREET
Restaurant

399 Elizabeth Street

Burlington, Ontario

2 Bathroom 1506 sqft
Welcome to downtown Burlington's Sandwich Station. Steps from one of Ontario's largest waterfront parks, Spencer Smith Park, surrounded by residential condos, hotels, local businesses and more. This 1500 sq ft layout is ideal for many suitable fast casual concepts and is equipped with a sun-filled patio that looks down to Lake Ontario. Equipped with 2 large ice cream freezers, panini grills, Nu Vu baking oven and proofer, walk-in fridge, office, 2 exclusive parking spots, and so much more. Don't miss out on your opportunity to operate in one Burlington's nicest locations. **** EXTRAS **** * Net Rent = $2823.75 * TMI = $2102.71 * 5 Years Remaining + 2 x 5 Year Options * Seating for 30 Inside + 15 Patio * Walk-In Fridge * Full List Of Chattels Available * Please Do Not Go Direct * Please Do Not Speak To Staff * (id:51158)
Homes for sale in Burlington
For sale $369,900
House For Sale in toronto, 1003 - 100 LOTHERTON PATHWAY

1003 - 100 Lotherton Pathway

Toronto, Ontario

2 Bedroom 1 Bathroom
Envision a condo apartment nestled in a vibrant community where convenience meets potential. This property stands in close proximity to an array of amenities, including seamless public transit options and a future Eglinton LRT system enhancing connectivity. The presence of both Catholic and public schools caters to educational needs, while a community garden offers a touch of greenery and a South East exposure balcony for relaxation. Although the condo requires renovations, it presents a golden opportunity for handymen looking to add a personal touch or investors seeking to capitalize on the property's inherent value. With strategic upgrades, this condo could transform into a lucrative investment with a significant return on investment. Property sold as is. **** EXTRAS **** Lock box for easy viewing (id:51158)
Homes for sale in Toronto
For sale $499,999
House For Sale in toronto, 413 - 10 DE BOERS DRIVE

413 - 10 De Boers Drive

Toronto, Ontario

1 Bedroom 1 Bathroom
A must see bright & spacious unit with 1 bedroom + media and 1 Full bathroom. Large windows, 9 ceilings, stainless steel appliances. Large open concept kitchen flowing into dining and family room. Great building amenities, like; concierge, gym, party room, outdoor dining w/ cabana, rooftop lounge, Very pet-friendly building w/pet relief garden & washing station. Steps to Downsview Park, Sheppard West Subway & access hwy 401/Allen Rd. (id:51158)
Homes for sale in Toronto
For sale $99,900
House For Sale in mississauga, 2B18 - 7215 GOREWAY DRIVE

2b18 - 7215 Goreway Drive

Mississauga, Ontario

199 sqft
Welcome to an exceptional opportunity to own a prestigious second-floor Food Court Unit in the heart of Mississauga. This food court unit offers numerous advantages for retailers seeking a prime location to establish their business and attract customers. Situated in a bustling commercial district with high foot traffic and excellent visibility, this unit offers a versatile space for a range of businesses. Accessible via elevator , the second-floor location offers privacy and exclusivity while remaining easily accessible to clientele. Ample parking options nearby ensure convenience for both customers and employees. Purchasing this corner commercial condo presents an attractive investment opportunity. Enjoy the benefits of ownership while potentially generating rental income or capital appreciation. **** EXTRAS **** Close To Major Hwy, Mississauga, Brampton Ttc Bus Service. Mall Is Open 7 Days/Week. Free wi-fi, Utilities, Cleaning and Garbage removal at no additional cost. (id:51158)
Homes for sale in Mississauga
For sale $185,000
House For Sale in burlington, A10A - 777 GUELPH LINE

A10a - 777 Guelph Line

Burlington, Ontario

389 sqft
START--YOUR--OWN--TURNKEY--READY--BUSINESS--TODAY--IN--BURLINGTON--CENTRE--MALL !! GREAT BUSINESS TO TAKE OVER, AT SUCH A GREAT LOCATION , AMAZING OPPURTUNITY TO OWN FAST GROWING FRANCHISE BUSINESS FRESHLY SQUEEZED. FRESHLY SEQUEEZED IS OFFERING FRESH, HEALTHY & HIGH-QUALITY JUICES, BUBBLE TEA, SMOOTHIES. THIS GREAT BUSINESS IS ON ONE OF THE BEST LOCATIONS IN BURLINGTON. SITUATED IN THE HEAVY TRAFFIC FOOD COURT AREA AT BURLINGTON CENTRE MALL WITH WELL KNOWN BIG BRANDS. COMES WITH THE GREAT SUPPORT FROM THE FRANCHISER THIS IS A GREAT CHANCE TO OWN WELL ESTABLISHED & PROFITABLE BUSINESS. IT HAS GREAT SEATING CAPACITY IN THE FOOD COURT. BOOK AN APPOINTMENT TODAY! **** EXTRAS **** !!! LOCATION - LOCATION - LOCATION !!! BURLINGTON MALL OFFERING HIGH FOOTFALL HELPING YOUR BUSINESS TO REACH NEXT LEVELS IN SALES, BOOK AN VIEWING TODAY!!! RENT $7136.72/MONTH INCLUDING TMI PLUS HST. (id:51158)
Homes for sale in Burlington
For sale $399,900
House For Sale in mississauga, 103 - 168 QUEEN STREET S

103 - 168 Queen Street S

Mississauga, Ontario

1333 sqft
Great Opportunity To Have Your Own Turn-Key Orthopaedic Shoes & Medical Supplies Business In Mississauga In A Highly Established Neighborhood. Large Unit With Excellent Exposure & Lots Of Parking. Recently Renovated Fully Equipped Unit. The Space Is Wonderfully Designed & Features Modern High-End Finishes, 1,333 sqft. Including Office, Inventory Rooms & Doctor Office. On-site Doctor Is Already In Place. Close To Residential/Commercial Buildings, Busy Intersection Of Queen St S & Thomas St. Transferable Lease Till June 30, 2027 With Option For Renewal. **** EXTRAS **** All Business Information Is As Provided By Seller & To Be Verified By Buyer/Buyer's Agent. (id:51158)
Homes for sale in Mississauga
For sale $289,000
House For Sale in oakville, 6 - 2501 PRINCE MICHAEL DRIVE
Restaurant

6 - 2501 Prince Michael Drive

Oakville, Ontario

2378 sqft
Opportunity Is Knocking To Own A Well Known Turn-Key Breakfast Restaurant In A Prestigious Location! Sunnyside Grill Franchise (w/L.L.B.O.) Is Located In Very Busy Plaza Surrounded By Crowded Residential & Retail Areas! Over 3000 Homes Are To Be Built Right Across The Street. Fantastic Exposure With Huge Anchor Tenants Such As Such TD Bank, Starbucks, Shoppers Drug Mart, Pizza Pizza, RBC Bank & Much More! Much Spent on Improvements. Lease 4 +5, Landlord Open To Another +5. Full Training And Support Will Be Provided. Liquor License Is Also Transferable Pending Approval. **** EXTRAS **** Turn- Key Established Restaurant With Great Exposure. Great Family Business In A Great Location. (id:51158)
Homes for sale in Oakville
For sale $499,900
House For Sale in toronto, #1612 - 3077 WESTON ROAD

#1612 - 3077 Weston Road

Toronto, Ontario

2 Bedroom 2 Bathroom
Discover Condo Bliss on Weston Road: Where Every Step Feels Like a Weston Dream! Calling all city slickers! Get ready to upgrade your urban lifestyle with this fantastic condo apartment listing! Boasting 2 bedrooms, 2 washrooms, and a convenient underground parking spot, this place is the epitome of modern comfort. The primary bedroom comes with its own 4-piece ensuite washroom, ensuring you'll have your own private oasis. Plus, the classic hardwood flooring in the living and dining areas adds a cozy touch to your urban retreat. Located at the vibrant intersection of Sheppard Avenue West and Weston Road, you'll be just steps away from TTC and Go Bus stops, making commuting a breeze. With the nearest Etobicoke North Go Station just minutes away, you'll have the whole city at your fingertips. And let's not forget about convenience you're just minutes away from shops, schools, parks, and the bustling Humber River Hospital. **** EXTRAS **** Existing: Fridge, Stove, Dishwasher, Washer & Dryer. All ELF'S. (id:51158)
Homes for sale in Toronto
For sale $495,000
House For Sale in toronto, 407 - 8 TRENT AVENUE

407 - 8 Trent Avenue

Toronto, Ontario

1 Bedroom 1 Bathroom
Attention First Time Buyers & Investors! Exceptional Tridel Built with a modern touch that is energy efficient in the heart of Main & Danforth. Affordable living with everything you need, is a step away. This one bedroom unit 566 sq ft with open concept & South Western views of Toronto. Brand new broadloom just installed in the living areas & primary bedroom. Lots of natural light and a great place to call home. Awesome amenities which include, modern lounge, exercise room, Roof top deck with BBQ's & gardens, Party/Meeting Rooms with full kitchen, and loads of visitor parking. Excellent walk score - Steps to Main Subway Station or Danforth Go Train or catch a streetcar and head downtown. Grocery stores & cafes at your fingertips, shopping all along the Danforth, parks & rec facilities, such a great area to call home! Book a showing today! **** EXTRAS **** Enjoy sunsets on your private balcony & take in the views4441645594of the city skyline. Prime location - affordable living. What more could you ask for? This condo unit is move in ready. Just add your personal touches & call it home! (id:51158)
Homes for sale in Toronto
For sale $89,000
House For Sale in toronto, A203* - 4211 SHEPPARD AVENUE E
Service

A203* - 4211 Sheppard Avenue E

Toronto, Ontario

678 sqft
Commercial/Retail Condo Unit In Scarborough. Affordable Retail Shops In Convenient Location At Sheppard And Midland. Well Maintained Building And Easy Access To Highway. Price Includes 2 Units (A203 & A204) & 1 Underground Parking. Currently Tenanted By Medical Facility With Lease Finish By End Of May 2024. Vacant Possession After June 1, 2024. Water Source Available Inside The Unit. Use For Multi Retail Services. Easy Access And Steps To Bus Stop. Elevator, Food Court, Restaurant Nearby. Lots Of Outdoor And Indoor Parking. **** EXTRAS **** 2 Separate Units; Opportunity To Open Up To One Bug Unit. (id:51158)
Homes for sale in Toronto

Homes For Sale in the GTA, Price under $500,000: Your Ultimate Guide

Searching for an affordable home in the Greater Toronto Area (GTA) can be quite a challenge. With soaring real estate prices, it’s crucial to find options that fit your budget. In this detailed guide, we will take you through the process of finding Homes For Sale in the GTA, Price under $500,000. Whether you’re a first-time buyer, an investor, or simply looking for a new place to call home, this article is your go-to resource.

Let’s dive into the GTA’s real estate market and explore the opportunities that await.

Exploring the GTA

The GTA, short for the Greater Toronto Area, encompasses not only Toronto but also several surrounding cities and regions, making it one of the most populous and diverse metropolitan areas in Canada. It’s known for its vibrant culture, strong job market, and excellent quality of life.

Why Choose the GTA?

  • Vibrant Job Market: The GTA is home to numerous industries, including finance, technology, healthcare, and more, offering a plethora of job opportunities.
  • Diverse Communities: You’ll find a wide range of neighborhoods, each with its unique character and amenities.
  • Excellent Education: The GTA boasts top-notch educational institutions, making it an ideal place for families.
  • Cultural Hub: From museums to theaters, there’s always something exciting happening in the GTA.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Finding Affordable Homes

Setting Your Budget

Before you start your search for Homes For Sale in the GTA, it’s essential to determine your budget. A budget under $500,000 is considered affordable in this region.

Exploring Neighborhoods

Mississauga: A Suburban Oasis

Mississauga, a vibrant suburban city, offers affordable housing options while being in close proximity to Toronto. With its excellent transit system and beautiful parks, it’s a favorite among families.

Brampton: Affordable and Growing

Brampton is known for its affordability and a wide range of housing choices. It’s a city that’s continuously growing, making it a great place to invest in real estate.

Durham Region: Room to Breathe

The Durham Region, including cities like Oshawa and Whitby, offers spacious homes at affordable prices. It’s an excellent choice for those seeking a more suburban lifestyle.

Working with a Realtor

Enlisting the help of a knowledgeable real estate agent can significantly simplify your home search. They have access to listings that might not be publicly available and can negotiate on your behalf.

Financing Your Home

Mortgage Options

Fixed-Rate Mortgage

This mortgage type offers stability as your interest rate remains the same throughout the loan term, making budgeting more predictable.

Variable-Rate Mortgage

With a variable-rate mortgage, your interest rate fluctuates with market conditions, potentially resulting in lower payments during low-rate periods.

Down Payment Assistance

In Canada, there are various programs and incentives to assist first-time homebuyers in making their down payments more manageable. Be sure to explore these options.

FAQs

Q: What are the current real estate market conditions in the GTA for homes under $500,000? A: The GTA’s real estate market for affordable homes is competitive. It’s advisable to act quickly when you find a property that fits your criteria.

Q: Are there any additional costs to consider when buying a home in the GTA? A: Yes, in addition to the purchase price, you should budget for closing costs, property taxes, and home insurance.

Q: Can I negotiate the price of a home in the GTA? A: Yes, negotiation is common in real estate transactions. Your realtor can help you navigate this process.

Q: What amenities can I expect in affordable GTA homes? A: Amenities vary by property, but you can often find homes with features like modern kitchens, outdoor spaces, and proximity to parks and schools.

Q: How do I assess the resale value of a home in the GTA? A: Consider factors like location, neighborhood trends, and the condition of the property when assessing its resale potential.

Q: Are there any government incentives for first-time homebuyers in the GTA? A: Yes, the Government of Canada offers programs to support first-time homebuyers, including the First-Time Home Buyer Incentive.

Conclusion

Navigating the GTA’s real estate market, especially for homes under $500,000, requires careful planning and expert guidance. By setting your budget, exploring diverse neighborhoods, and working with a realtor, you can make the process smoother and more successful.

Remember, the GTA offers an array of opportunities for those looking for affordable homes, whether you’re a first-time buyer, investor, or simply searching for a cozy place to live.

Now, armed with knowledge about Homes For Sale in the GTA, Price under $500,000, you’re ready to embark on your real estate journey in this exciting region. Happy house hunting!

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

Process of Buying a Home

For many, the dream of home ownership starts with buying a condo in Toronto. The city offers a wide variety of properties to choose from, and for first time buyers, there are plenty of options available that won’t break the bank.

Of course, buying your first home is a major decision, and there are a few things you need to keep in mind when making your purchase. Here are a few tips for first time home buyers in Toronto:

1. Make sure you budget realistically. When buying a condo, it’s important to remember that you’ll also have to factor in monthly costs like property taxes and maintenance fees. Don’t forget to include these expenses in your calculations when deciding how much you can afford.

2. Research the market carefully. It’s important to know what’s available and how much different properties are selling for before making an offer on anything.

Toronto is a great city to buy your first home. The condo market is hot right now and there are a lot of choices for first time buyers. It can be overwhelming to figure out where to start, so here are some tips to help you get started.

The first step is to figure out how much you can afford. Your mortgage broker can help you with this, but make sure you have a good idea of your monthly expenses and how much money you have saved up for a down payment.

Next, decide what type of condo you want. Do you want a downtown Toronto condo or one in the suburbs? Do you want a studio or one-bedroom? Make a list of what’s important to you and start browsing condos online or in person.

Finally, don’t be afraid to ask for help when looking for a house for sale, your local Real Estate Agent, that’s me..  Tony Sousa has access to all the MLS Real Estate Listings. Is it the right time to buy real estate? or will the toronto real estate market come down as interest rates go up?

When is the right time to buy Toronto Real Estate

In reality, there is no single right answer when it comes to buying Toronto real estate. It all depends on your personal circumstances and what you are hoping to achieve. If you are looking for a long-term investment, then it may be wise to buy sooner rather than later.

MLS Listing, Homes for Sale

MLS Real Estate Listings

Toronto and Mississauga are two of the most popular locations in Canada for first time home buyers. The MLS real estate listings in these cities offer a wide variety of housing options to choose from, from condos and townhouses to detached homes.

The Toronto real estate market is booming, with the average price for a detached home reaching over $1.8 million. However, there are still many affordable options available in the city’s suburbs, such as Mississauga. In Mississauga, the average price for a detached home is around $1,000,000, making it an attractive option for those looking to get into the housing market.

There are also many great neighbourhoods to choose from in both Toronto and Mississauga. In Toronto, popular areas include Leslieville, Riverdale and The Junction. While in Mississauga, locals favour areas like Streetsville, Port Credit and Clarkson.