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Homes For Sale in the GTA, Price under $500,000
We know that homes in the GTA are expensive, I’ve searched the MLS system for affordable homes in the GTA (WEST). These are listed right now under $500,000. These homes should be considered by the first-time homebuyer. Include are Condos, Townhomes, Semi-Detached and Detached Homes in Toronto, Mississauga, Hamilton, Oakville, Burlington, Georgetown & Milton
There is never a bad time to get into Real Estate. Are you waiting for the market to drop?.. This may not happen, prices have been climbing for the past 20 years and there’s no signs of stop..
#213 -3290 New St
Burlington, Ontario
Spacious 1 bed, 1 bath unit in Maranatha Gardens. Life-lease, independent living community for 55+ Open-concept, 9-ft ceilings, north-facing balcony. Bedroom has WIC. 4 pce bath, jetted tub, In-suite laundry. Pkg; locker. Amenities: lounge, guest suite, coffee area, fitness, party & meeting rms, workshop; rooftop terrace with BBQ. Monthly fee incl: heat, A/C, water, common elements, taxes, high speed internet, cable and telephone. Close to parks, churches, transit, senior ctr, library & trail. (id:51158)
3290 New Street, Unit #213
Burlington, Ontario
Spacious one bedroom, one bathroom suite in south Burlington's Maranatha Gardens. This life-lease, wheelchair-accessible building offers those aged 55 or better, an independent living community with numerous amenities. Bright, open-concept design with 9-foot ceilings and crown mouldings throughout. Living room with north-facing balcony. Kitchen with white cabinetry and appliances. Bedroom with walk-in closet. Four-piece bathroom with jetted bathtub. In-suite laundry with storage. Convenient underground parking and locker for your exclusive use. Amenities include a lounge, guest suite, coffee/tea area, fitness room, party room, meeting room, workshop and rooftop terrace with BBQ. Monthly fee includes heat, A/C, water, common elements and taxes, high speed internet, cable and telephone. Ideally situated close to parks, places of worship, public transit, Burlington Senior's Centre, library and bike/walking trail. (id:51158)
1110 Sheppard Ave E
Toronto, Ontario
Extraordinary opportunity to own a large locker/storage space with drive up to the door access - clean, dry, well lit space all freshly painted with epoxy paint. Conveniently located close to the 401 and DVP. **** EXTRAS **** Locker dimensions: 37 x 8 Feet. Note: owner of the locker does not have to own a unit in the building. (id:51158)
1110 Sheppard Ave E
Toronto, Ontario
Extraordinary opportunity to own a large locker/storage space with drive up to the door access - clean, dry, well lit space all freshly painted with epoxy paint. Conveniently located close to the 401 and DVP. **** EXTRAS **** Locker dimensions: 37 x 8 Feet. Note: owner of the locker does not have to own a unit in the building. (id:51158)
#114 -6464 Yonge St
Toronto, Ontario
Established Food Court business in Centre Point Mall. Great long term Lease. Lots of foot traffic and parking. Well set up kitchen with walk-in freezer. Can also be converted to any cuisine not to compete with the current Tenants in the Mall. Please do not go direct and talk to any employees. (id:51158)
8 Kingsdale Ave
Toronto, Ontario
Steps From Yonge St! 98 Walk Score! No Franchise, Low Gross Rent - ~$3,500/Monthly, Direct Street Access, Indoor Dining + Seasonal Patio, Loads of Pedestrian Traffic, Well Established Restaurant, Steps from TTC North York Centre Subway Station, Mel Lastman Square **** EXTRAS **** 98 Walk Score! No Franchise, Low Gross Rent - ~$3,500/Monthly! Steps From Yonge St! Indoor Dining + Seasonal Patio, Loads of Pedestrian Traffic, Well Established Restaurant, Steps From TTC North York Centre Subway Station,Mel Lastman Square (id:51158)
#2a17 -7215 Goreway Dr
Mississauga, Ontario
Price to sell!!!!Highly reputed Indian/Nepali cuisine restaurant business Since last 8 yrs .Busy food court at Westwood Square Mall. keep same cuisine or bring your own vision. Owner willing to train the new buyer. All cuisines are allowed.. All existing chattels and fixtures included in selling price. Business name and corporation is not for sale. Good for investors , Entrepreneurs, chefs, new immigrants and catering services. CLOSE TO MAJOR HWYS,BUS TERMINAL, major Anchor stores inside and outside plaza include Freshco, RBC, Shoppers drug mart, Tim Hortons, TD, BMO etc.. Property include exhaust hood, plumbing, electrical, gas appliances Tandoor,4 burner stove ,oven, deep fryer, Fridge, Freezer and many other items . (id:51158)
#4 & 5 -335 Nugget Ave
Toronto, Ontario
Be your own boss. Enter the world of precision manufacturing & craftsmanship. Your chance to acquire a long-standing & highly successful die cutting, foil stamping & assembly business with a rich history of excellence. Established legacy: over 30 years+ of making a trusted name in the industry & deep rooted relationships with solid track records. Proven expertise: unparalleled expertise, skillset can be taught to next owner to continue completing wide range of projects. Strong & solid machinery providing a competitive edge in quality. Diverse clientele: portfolio spans industries such as packaging &assembly for global health care brands, national real estate development companies, down to your favourite beer found at your liquor store. **** EXTRAS **** Consistent revenue stream & room for growth. Business is strategically positioned to be able to always seize new opportunities in the market. (id:51158)
#17 -1119 Fennell Ave
Hamilton, Ontario
BakeHealthi Gluten Free Bakery is a popular bakery located up on the mountain in Hamilton at the very busy intersection of Fennell and Upper Ottawa in a large plaza with tons of parking and signage.Specializing in a large selection of homemade gluten free options, this business also produces a selection of baked goods with dairy as well. This unit was completely built out in 2020 and it shows with new plumbing, electrical, HVAC, and more. 4 Southbend convection ovens for baking and tons of leaseholds and equipment. **** EXTRAS **** Great lease rate of $3,100 Gross Rent including TMI with 5 + 5 years remaining. 1,290 sq ft layout with a big kitchenand 2-walk ins. Available with training or for rebranding into another concept, cuisine, or franchise. (id:51158)
90 Wellington St N
Hamilton, Ontario
Successfully Running Grab and Go Concept Restaurant Equipped with a Commercial Grade Kitchen, Currently Serving Indian cuisine, Affordable Rent of $4500 + HST Take it over as a Franchise or Bring Your Own Concept No Restrictions, Subject to Landlords Approval. Located at a Busy Location, Seller Willing to Train the New Buyer (id:51158)
18 Graydon Hall Dr
Toronto, Ontario
""Prime parking spot in high-demand condo! Conveniently close to elevator and stairs. Secure your spot before it's gone!"" - TAX: TBD (id:51158)
#404 -160 The Donway W
Toronto, Ontario
Looking For Location, Fantastic View And Enough Space? This Is It! Spacious, Bright And Sunny 2Bedroom Apartment In A Small, Quiet Building, Tons Of Storage, Located Minutes To Shops At Don Mills, 401 And Dvp, Walking Distance To Moccasin Trail Park, Public Transportation, Great Schools, Sunny Brook Hospital. (id:51158)
2326 Queen St E
Toronto, Ontario
Amazing Opportunity to own your dream restaurant in woodbine Beach community and make it a success. The restaurant has been in operation for four years and has a stable client base. And it can be Turn to any restaurant that includes but not limited to Shawarma , Mediterranean Restaurant, Indian Etc. It's located on Queen St. with high foot traffic, giving it incredible exposure. The restaurant Equipped with Good appliances and dishes, and its low rent makes it an even more attractive option. Additionally, there is a lot of potential to increase revenue. With a loyal customer base already in place, Don't miss the opportunity. **** EXTRAS **** All equipment and chattels (id:51158)
#15 -865 York Mills Rd
Toronto, Ontario
Well Established 11 Years Nails&Spa Business. Located On Prime York Mills Location With Stable More Than 3000 Clients Base Includes Nails/Massage/Rmi Massage/Waxing/Facial. Low Rent 3500/Month + Utilities.Very Functional Layout 3 Spacious Massage Rooms, 1 Meeting Room Can Convert To 2 Massage Room,1 Waxing Room. High 20 Ft Ceiling, Exiting Loft Can Be Office Space. **** EXTRAS **** Current Price Includes All Equipments And Inventory. Very Busy Location, Indoor Parking, In A Prestigious Neighbourhood (id:51158)
187 Cross Avenue, Unit #6
Oakville, Ontario
Must See Successful Spa Business Located at Heart of Oakville! Busy Plaza Across Oakville GO Train station, Restaurants, Grocery Store, And Luxury Condos nearby. Stable Clientele Base And 4.9 Google Review. This Premise Includes Reception Area With Waiting Area, One Foot Massage Room, Three Individual Treatment Rooms, One Double Treatment Room, One Staff Room, And Two 2-pieces Bathrooms. Current Business Provides Body Massage, Foot Massage, Cupping, Osteopathy, etc. Business Website is part Of The Deal! Competitive Lease With 2 Years Left In the Current Lease, $3700 For 2024 Including TMI and water. Do Not Go Direct. (id:51158)
1346 Barton Street E
Hamilton, Ontario
Excellent parcel of vacant land fronting on Barton Street at Kenilworth near the centre mall development. **This Parcel must be sold with MLS H4189282 - 1354 Barton Street E, for a combined frontage of 105', 17 Parking spaces and 3175 sf building** This Property carries C5 Zoning which has a multitude of uses. (id:51158)
#602 -7 Carlton St
Toronto, Ontario
Fantastic Location Close to Yonge and Dundas Square Steps to College Park, Ryerson University of Toronto, Eaton Centre, Financial District, College Subway. Public Transportation Open Concept Bachelor/Studio Condo Apartment, Building has 24/7 Concierge ,Sauna, Party Room, Roof Patio One Parking and One Locker, Security and Visitors Parking, Library, Party Room, Billiards, Tennis Table Large Windows, Bright Apartment Ready to move Separate Kitchen, Small Office area, Laundry in suite. All measurements are approximately to be verified by the Byer or Byers Broker. **** EXTRAS **** All Elf, Blinds, S/S Appliances, Fridge, Stove, B/I Microwave/Fan ,Staked Washer and Dryer [As Is]Jacuzzi(As Is) (id:51158)
#1112e -34 Tubman Ave
Toronto, Ontario
Welcome to this Penthouse level! Beautiful 1 Bedroom +Den Unit with city views!!! Upgraded floors and 10-foot smooth Ceilings, Perfectly shaped Den. functional Layout With Upgraded Stainless Steel Appliances, Upgraded Counters, Upgraded Floors And Cabinets. Full-Sized Washer And Dryer. Amazing Location That Is Steps To Transit, Parks, Grocery Stores, Shopping, Downtown, Waterfront, Community Center, Restaurants, Union, Highways, And Much More. Unit Is Move-In Ready In A Brand New Building With Excellent Amenities. You will Not Be Disappointed! (id:51158)
85 Robinson Street, Unit #805
Hamilton, Ontario
Desirable Durand Neighbourhood in Hamilton's West End, 1 Bedroom + DEN Condo with North West Views in the Sought after 'City Square' Building. This Bright, Carpet Free Unit Features Large Windows, In-suite Laundry, Balcony, 1 Underground Parking Spot & 1 Locker. Amazing Location- Walking Distance to Locke Street Amenities, James St & Augusta St Eateries & Pubs, Hamilton GO, Walking Trails & Parks. Ideal for Professionals. Just Blocks from St. Joseph's Hospital, City Hall and Downtown. Easy Highway and Mountain Access. Building Amenities Include 2 Fitness Rooms, Media Room, Party Room, Roof Top Terrace & Bike Storage. Plenty of Visitor Parking. This Immaculately Maintained Building is Condo Living at its Best! (id:51158)
#805 -85 Robinson St
Hamilton, Ontario
Desirable Durand neighborhood in Hamilton's West End, 1 bedroom + den condo with North West views in the sought after 'City Square' building. This bright, carpet free unit features large windows, in-suite laundry, balcony, 1 underground parking spot & 1 locker. Amazing location- walking distance to Locke Street amenities, James St & Augusta St eateries & pubs, Hamilton GO, walking trails & parks. Ideal for professionals. Just blocks from St. Joseph's hospital, City Hall, and downtown. Easy highway and mountain access. Building amenities include 2 fitness rooms, media room, party room, roof top terrace & bike storage. Plenty of visitor parking. This immaculately maintained building is condo living at its best! (id:51158)
#1205 -10 Tobermory Dr E
Toronto, Ontario
This hidden gem, condo presents an exciting opportunity for buyers seeking a home with endless potential. With a competitive price point, this condo presents an affordable entry into the market for first-time buyers or savvy investors. Nestled in a desirable location offering convenience to amenities and transportation , close to York Uni., this unit boasts a bright and airy open-concept layout flooded with natural light. With your personal touch transform the space into a stylish and modern living environment tailored to your unique preferences. Don't miss out on the chance to make this condo your ownschedule a viewing today and explore the possibilities!"" Maintenance fee covers almost all . (id:51158)
#100 -700 Dorval Dr
Oakville, Ontario
Hungryheads could be your next turnkey opportunity in the bustling world of quick service dining! Established as a family-owned gem, the restaurant boasts a coveted 5-star rating for its delectable fare. Strategically located amidst a hub of offices, HungryHeads promises immense growth potential, with no royalty and freedom to your vision and imagination low business hours ensure a perfect work-life balance. Currently open five days a week, there's ample room to expand operating hours and revenue streams. Don't miss your chance to own a profitable venture with a stellar reputation in a prime locale. (id:51158)
#19 -2345 Wyecroft Rd
Oakville, Ontario
Hungryheads could be your next turnkey opportunity in the bustling world of quick-service dining! Established as a family-owned gem, the restaurant boasts a coveted 5-star rating for its delectable fare. Strategically located amidst a hub of offices, HungryHeads promises immense growth potential, with no royalty and freedom to your vision and imagination Equipped with a coveted liquor license, low business hours ensure a perfect work-life balance. Currently open five days a week, there's ample room to expand operating hours and revenue streams. Don't miss your chance to own a profitable venture with a stellar reputation in a prime locale. **** EXTRAS **** Kitchen With Exhaust, Grill, Stove, Shawarma Machine, Coolers, Freezers, Etc. Non Franchise Be Your Own Boss! (id:51158)
#1505 -70 Temperance St
Toronto, Ontario
Stunning Sun Filled Bachelor Unit In Renowned Indx Condo, Prime Bay Corridor Location in the heart of the financial district, PATH connected, 9'Ceiling, Floor To Ceiling Window, Unobstructed View, Walking Distance To Subway, Universities, Eaton's Center, City Hall, Restaurants, Theatres, Shopping And Much More. State Of The Art Amenities, Fully Equipped Gym, Party Room, 24hr Concierge. **** EXTRAS **** S/S Appl (Fridge, Oven, Built-In Dishwasher), Wine Fridge, Microwave. Stacked Washer/Dryer. (id:51158)
Homes For Sale in the GTA, Price under $500,000: Your Ultimate Guide
Searching for an affordable home in the Greater Toronto Area (GTA) can be quite a challenge. With soaring real estate prices, it’s crucial to find options that fit your budget. In this detailed guide, we will take you through the process of finding Homes For Sale in the GTA, Price under $500,000. Whether you’re a first-time buyer, an investor, or simply looking for a new place to call home, this article is your go-to resource.
Let’s dive into the GTA’s real estate market and explore the opportunities that await.
Exploring the GTA
The GTA, short for the Greater Toronto Area, encompasses not only Toronto but also several surrounding cities and regions, making it one of the most populous and diverse metropolitan areas in Canada. It’s known for its vibrant culture, strong job market, and excellent quality of life.
Why Choose the GTA?
- Vibrant Job Market: The GTA is home to numerous industries, including finance, technology, healthcare, and more, offering a plethora of job opportunities.
- Diverse Communities: You’ll find a wide range of neighborhoods, each with its unique character and amenities.
- Excellent Education: The GTA boasts top-notch educational institutions, making it an ideal place for families.
- Cultural Hub: From museums to theaters, there’s always something exciting happening in the GTA.
Finding Affordable Homes
Setting Your Budget
Before you start your search for Homes For Sale in the GTA, it’s essential to determine your budget. A budget under $500,000 is considered affordable in this region.
Exploring Neighborhoods
Mississauga: A Suburban Oasis
Mississauga, a vibrant suburban city, offers affordable housing options while being in close proximity to Toronto. With its excellent transit system and beautiful parks, it’s a favorite among families.
Brampton: Affordable and Growing
Brampton is known for its affordability and a wide range of housing choices. It’s a city that’s continuously growing, making it a great place to invest in real estate.
Durham Region: Room to Breathe
The Durham Region, including cities like Oshawa and Whitby, offers spacious homes at affordable prices. It’s an excellent choice for those seeking a more suburban lifestyle.
Working with a Realtor
Enlisting the help of a knowledgeable real estate agent can significantly simplify your home search. They have access to listings that might not be publicly available and can negotiate on your behalf.
Financing Your Home
Mortgage Options
Fixed-Rate Mortgage
This mortgage type offers stability as your interest rate remains the same throughout the loan term, making budgeting more predictable.
Variable-Rate Mortgage
With a variable-rate mortgage, your interest rate fluctuates with market conditions, potentially resulting in lower payments during low-rate periods.
Down Payment Assistance
In Canada, there are various programs and incentives to assist first-time homebuyers in making their down payments more manageable. Be sure to explore these options.
FAQs
Q: What are the current real estate market conditions in the GTA for homes under $500,000? A: The GTA’s real estate market for affordable homes is competitive. It’s advisable to act quickly when you find a property that fits your criteria.
Q: Are there any additional costs to consider when buying a home in the GTA? A: Yes, in addition to the purchase price, you should budget for closing costs, property taxes, and home insurance.
Q: Can I negotiate the price of a home in the GTA? A: Yes, negotiation is common in real estate transactions. Your realtor can help you navigate this process.
Q: What amenities can I expect in affordable GTA homes? A: Amenities vary by property, but you can often find homes with features like modern kitchens, outdoor spaces, and proximity to parks and schools.
Q: How do I assess the resale value of a home in the GTA? A: Consider factors like location, neighborhood trends, and the condition of the property when assessing its resale potential.
Q: Are there any government incentives for first-time homebuyers in the GTA? A: Yes, the Government of Canada offers programs to support first-time homebuyers, including the First-Time Home Buyer Incentive.
Conclusion
Navigating the GTA’s real estate market, especially for homes under $500,000, requires careful planning and expert guidance. By setting your budget, exploring diverse neighborhoods, and working with a realtor, you can make the process smoother and more successful.
Remember, the GTA offers an array of opportunities for those looking for affordable homes, whether you’re a first-time buyer, investor, or simply searching for a cozy place to live.
Now, armed with knowledge about Homes For Sale in the GTA, Price under $500,000, you’re ready to embark on your real estate journey in this exciting region. Happy house hunting!
Process of Buying a Home
For many, the dream of home ownership starts with buying a condo in Toronto. The city offers a wide variety of properties to choose from, and for first time buyers, there are plenty of options available that won’t break the bank.
Of course, buying your first home is a major decision, and there are a few things you need to keep in mind when making your purchase. Here are a few tips for first time home buyers in Toronto:
1. Make sure you budget realistically. When buying a condo, it’s important to remember that you’ll also have to factor in monthly costs like property taxes and maintenance fees. Don’t forget to include these expenses in your calculations when deciding how much you can afford.
2. Research the market carefully. It’s important to know what’s available and how much different properties are selling for before making an offer on anything.
Toronto is a great city to buy your first home. The condo market is hot right now and there are a lot of choices for first time buyers. It can be overwhelming to figure out where to start, so here are some tips to help you get started.
The first step is to figure out how much you can afford. Your mortgage broker can help you with this, but make sure you have a good idea of your monthly expenses and how much money you have saved up for a down payment.
Next, decide what type of condo you want. Do you want a downtown Toronto condo or one in the suburbs? Do you want a studio or one-bedroom? Make a list of what’s important to you and start browsing condos online or in person.
Finally, don’t be afraid to ask for help when looking for a house for sale, your local Real Estate Agent, that’s me.. Tony Sousa has access to all the MLS Real Estate Listings. Is it the right time to buy real estate? or will the toronto real estate market come down as interest rates go up?
When is the right time to buy Toronto Real Estate
In reality, there is no single right answer when it comes to buying Toronto real estate. It all depends on your personal circumstances and what you are hoping to achieve. If you are looking for a long-term investment, then it may be wise to buy sooner rather than later.
MLS Real Estate Listings
Toronto and Mississauga are two of the most popular locations in Canada for first time home buyers. The MLS real estate listings in these cities offer a wide variety of housing options to choose from, from condos and townhouses to detached homes.
The Toronto real estate market is booming, with the average price for a detached home reaching over $1.8 million. However, there are still many affordable options available in the city’s suburbs, such as Mississauga. In Mississauga, the average price for a detached home is around $1,000,000, making it an attractive option for those looking to get into the housing market.
There are also many great neighbourhoods to choose from in both Toronto and Mississauga. In Toronto, popular areas include Leslieville, Riverdale and The Junction. While in Mississauga, locals favour areas like Streetsville, Port Credit and Clarkson.