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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..
150 Charlton Avenue E, Unit #708
Hamilton, Ontario
Experience all Hamilton has to offer in this two-bedroom unit at The Olympia, nestled in Hamilton's desirable Corktown. The unit is currently tenanted and could use a cosmetic refresh. List price reflects current condition. The spacious balcony serves up breathtaking views of the city and escarpment making ideal backdrop for your morning coffee or evening unwind. Unmatched amenities are at your disposal, including an indoor pool, very well equipped gym, soothing steam sauna, and a squash court for the fitness enthusiasts. Enjoy socializing in the billiard room or the party room, perfect for hosting. Condo fees cover building insurance, heat, water, and hydro, simplifying your living expenses. Optional assigned parking may be available for $100/mo. Located within walking distance to the trendy Augusta and James St S, the Go Station, and St. Joe's Hospital, this property positions you at the heart of the action. Don't miss this opportunity to acquire this incredibly affordable property and make it your own! (id:51158)
13 - 28 Rexdale Boulevard
Toronto, Ontario
Welcome to 28 Rexdale Blvd Unit #13. Discover this vacant 2-bedroom, 2-bathroom condo-townhouse in the Rexdale Mews Community. Nestled in the 401/Islington Ave neighborhood, This home offers an exceptional blend of comfort, convenience, and affordability. Enjoy a well-designed floor plan that maximizes living space and functionality. This is an affordable entry-level property, perfect for those looking to step into home-ownership, downsize, or invest in a promising area. Don't miss out on this fantastic opportunity to own a home in a thriving community. Steps away from a wide range of amenities. Walk to nearby shopping plazas, Walmart, Home Depot, Canadian Tire, Schools, Parks, And Costco. Effortless commuting with easy access to public transit and major highways. **** EXTRAS **** Vacant. Includes all existing light fixtures, Fridge, Stove, Washer & Dryer. One underground parking included. Status certificate on order. (id:51158)
344 Emerald Street N
Hamilton, Ontario
Absolutely nothing left to do but move in and enjoy! This home underwent a complete renovation in 2021. Had an additional $50,000 + invested by the current owners. Recent updates include reparging, waterproofing, and concrete finishing in the basement, along with a plastic-encapsulated storage crawl space (completed by AOG Renovations between 2023-2024). It features new spray foam insulation and a brand-new roof (installed by Woodshield Roofing in 2022). The sewer plumbing and sanitary stack have been updated from the main floor to the sewer line (done by Bernie and Sons in 2023). No detail has been overlooked in this modern Barton Village Semi! This home also features a private outdoor space! Enjoy easy, year-round, permit-free street parking right outside your front door, with additional parking spots available for lease nearby. The location offers walking distance to cafes, restaurants, bars, the GO Station, city transit, the future LRT line, Hamilton General Hospital, parks, dog parks, and schools. Plus, it’s just a short drive to McMaster University. (id:51158)
177 Beach Road
Hamilton, Ontario
Perfect starter or investment property. Three beds one bath, main floor laundry, separate living and dining areas. Nice size backyard with garden shed. Back door leads to large deck great for BBQ season, relaxation. Updated windows, Back flow valve, newer furnace. (id:51158)
A418 - 1117 Cooke Boulevard
Burlington, Ontario
Spacious 1 Bdrm ,1 Bath, Close To 403/Qew/407, Walk To Aldershot Go Train, Shopping, Schools,Parks.3 Year Old Condo, Beaming W/Natural Light From The Floor To Ceiling Large Windows. In Suite Laundry. O/C Kitchen W/Quartz Counters, Tile Backsplash, Contemporary Cabinets. Amenities Include Concierge, Fitness Centre, Party Rm W/Fireplace Lounge, Kitchen, Private Outdoor Terrace, Lounge Areas, U/G Parking .Close To Lake, Lasalle Park, Golf Club **** EXTRAS **** Stainless Steel Appliances, Clothes Washer And Clothes Dryer, All Elf's (id:51158)
1117 Cooke Boulevard Unit# A418
Burlington, Ontario
Spacious 1 Bdrm ,1 Bath,, Close To 403/Qew/407, Walk To Aldershot Go Train, Shopping, Schools,Parks.3 Year Old Condo, Beaming W/Natural Light From The Floor To Ceiling Large Windows. In Suite Laundry. O/C Kitchen W/Quartz Counters, Tile Backsplash, Contemporary Cabinets. Amenities Include Concierge, Fitness Centre, Party Rm W/Fireplace Lounge, Kitchen, Private Outdoor Terrace, Lounge Areas, U/G Parking .Close To Lake, Lasalle Park, Golf Club (id:51158)
708 - 150 Charlton Avenue E
Hamilton, Ontario
Experience all Hamilton has to offer in this one-bedroom unit at The Olympia, nestled in Hamilton's desirable Corktown. The unit is currently tenanted and could use a cosmetic refresh. List price reflects current condition. The spacious balcony serves up breathtaking views of the city and escarpment making ideal backdrop for your morning coffee or evening unwind. Unmatched amenities are at your disposal, including an indoor pool, very well equipped gym, soothing steam sauna, and a squash court for the fitness enthusiasts. Enjoy socializing in the billiard room or the party room, perfect for hosting. Condo fees cover building insurance, heat, water, and hydro, simplifying your living expenses. Optional assigned parking may be available for $100/mo. Located within walking distance to the trendy Augusta and James St S, the Go Station, and St. Joe's Hospital, this property positions you at the heart of the action. (id:51158)
177 Beach Road
Hamilton, Ontario
Perfect starter or investment property. Three beds one bath, main floor laundry, separate living and dining areas. Nice size backyard with garden shed. Back door leads to large deck great for BBQ season, relaxation. Updated windows, Back flow valve, newer furnace. (id:51158)
111 Wellington Street S
Hamilton, Ontario
Nestled in the heart of Hamilton, this charming property offers an excellent opportunity for renovation enthusiasts or investors looking to restore a home to its former glory. This residence presents the chance to customize and create a personalized space tailored to your preferences. With its prime location on Wellington St S, you'll enjoy easy access to downtown Hamilton amenities while still maintaining a sense of tranquility in this residential neighborhood. Ideal for investors or DIY enthusiasts, this property allows for creative remodeling and potential value appreciation. **** EXTRAS **** The Property is being sold in As Is and Where Is Conditions. Buyers to verify all information. The seller & agent make no representations or warranties of any kind regarding this property. (id:51158)
505 - 2411 New Street
Burlington, Ontario
Beautiful 2 Bedroom 1 Bath Condo Unit In Burlington Awaits You! This Unit Offers An Open Concept Layout & East Facing Unobstructed Views! Bright and Spacious Living & Dining Room, With Large Windows and Walkout To A Newly Renovated Balcony! Features A Spacious Family Size Eat-In Kitchen With Stainless Steel Kitchen Appliances and Gorgeous View. Building Has Recently Renovated Elevators, Parking Lot, Hallways & Balconies. Located Just A Few Mins From The Lake And Close To All Amenities, Public Transportation, Parks, & Quick Access To QEW. **** EXTRAS **** Unit Offers Rough-In Laundry, Exclusive Storage and Parking on Surface. (id:51158)
701 - 150 Charlton Avenue E
Hamilton, Ontario
Experience all Hamilton has to offer in this one-bedroom unit at The Olympia, nestled in Hamilton's desirable Corktown. The unit is currently tenanted and could use a cosmetic refresh. List price reflects current condition. The spacious balcony serves up breathtaking views of the city and lake making ideal backdrop for your morning coffee or evening unwind. Unmatched amenities are at your disposal, including an indoor pool, very well equipped gym, soothing steam sauna, and a squash court for the fitness enthusiasts. Enjoy socializing in the billiard room or the party room, perfect for hosting. Condo fees cover building insurance, heat, water, and hydro, simplifying your living expenses. Optional assigned parking may be available for $100/mo. Located within walking distance to the trendy Augusta and James St S, the Go Station, and St. Joe's Hospital, this property positions you at the heart of the action. Don't miss this opportunity to acquire this incredibly affordable property and make it your own! (id:51158)
707 - 150 Charlton Avenue E
Hamilton, Ontario
Experience all Hamilton has to offer in this one-bedroom unit at The Olympia, nestled in Hamilton's desirable Corktown. The unit is currently tenanted and could use a cosmetic refresh. List price reflects current condition. The spacious balcony serves up breathtaking views of the city making ideal backdrop for your morning coffee or evening unwind. Unmatched amenities are at your disposal, including an indoor pool, very well equipped gym, soothing steam sauna, and a squash court for the fitness enthusiasts. Enjoy socializing in the billiard room or the party room, perfect for hosting. Condo fees cover building insurance, heat, water, and hydro, simplifying your living expenses. Optional assigned parking may be available for $100/mo. Located within walking distance to the trendy Augusta and James St S, the Go Station, and Hospital, this property positions you at the heart of the action. Don't miss this opportunity to acquire this incredibly affordable property and make it your own! (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.