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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 $488,000
House For Sale in toronto, 2309 - 340 DIXON ROAD

2309 - 340 Dixon Road

Toronto, Ontario

2 Bedroom 1 Bathroom
Stunning Penthouse in High Demand Area, Total 998 Sqft , Don't Miss out. Tones Upgrate, Large Balcony With An Amazing View, Laminate Floors through-out, Great Size Living Room Combined with Dining Room. Separate Kitchen Area, S/S Appliances Backsplash And Laundry With Storage Space. Bright And Spacious 2 Bedroom,Reasonable Maintenance Fee. Close To Schools,Parks, Airport & Hwys 401 & 427. Great Amenities included Gym, Sauna, Pool, Tennis Court, Party/Meeting Room And More. (id:51158)
Homes for sale in Toronto
For sale $249,999
House For Sale in mississauga, 2903 DERRY ROAD
Restaurant

2903 Derry Road

Mississauga, Ontario

2 Bathroom 1083 sqft
Location Location!! Indian Restaurant for sale Located in Malton.Intersection of Airport & Derry Rd, This Thriving Restaurant Business Offers a Prime Opportunity for Entrepreneurial Success. Situated Amidst a High Traffic Area, 1083 Sqft, Low Rent of 3700 include TMI and Hst, 10 years Lease. This Restaurant can be converted into any other cuisine. Chattel List to be Provided. (id:51158)
Homes for sale in Mississauga
For sale $485,000
House For Sale in mississauga, 2509 - 3883 QUARTZ ROAD

2509 - 3883 Quartz Road

Mississauga, Ontario

1 Bedroom 1 Bathroom
**Assignment Sale** Location Location Location! Beautiful 1 Bedroom Condo In Mcity2 Loft Style with very High Ceiling At The Prime Location In The Heart Of Mississauga!! Spacious, Modern, Excellent Condo In The City Centre Close To Square One, City Hall, YMCA, Civic Centre, Library, Schools, Transit, Cinemas, Banks, And All Major Hwys; 403, 401, 410, 407 and Close To All Other Amenities. M2 Building By Multi Award Winning Builder, This Is An Assignment Sale. 404sf plus 72sf balcony + 476sf. Feels much larger because of the high ceilings. **** EXTRAS **** This Is An Assignment Sale ** Building will be getting register in the next few months* Showings Are Available with Lb. This Is A High-Tech Modern Building With 5-Stars Facilities!! (id:51158)
Homes for sale in Mississauga
For sale $424,900
House For Sale in burlington, 25 - 1347 LAKESHORE ROAD

25 - 1347 Lakeshore Road

Burlington, Ontario

2 Bedroom 1 Bathroom
Bright & spacious, 780sqft, 2 bedrm corner unit w/windows in every room, in an unbeatable location, directly across from Spencer Smith Park, & only steps to the lake/trails/hospital/downtown, & a minute to the QEW/403/407. This unit is on the 1st flr (7 steps down), & is an inviting & functional space ideal for those downsizing, or young professionals. Updates include brand-new fridge & stove in '24, luxury wideplank vinyl flrs in the bathrm & 2nd bedrm in '24, refreshed bathrm in '24, quality broadloom in the living rm & primary bedrm in '23, & fresh paint T/O in '23. The complex has a nice community feel, is very quiet, well maintained, & has a great condo committee. Complex amenities also include visitor parking, onsite laundry, & bike storage. The low monthly fee includes PROPERTY TAX, water, cable tv, unlimited internet, & locker. Optional parking space is $515/year. No dogs & no rentals/leasing. Dont miss your opportunity for affordable living, directly across from the lake. (id:51158)
Homes for sale in Burlington
For sale $249,000
House For Sale in mississauga, 3 - 3221 DERRY ROAD
Retail and Wholesale

3 - 3221 Derry Road

Mississauga, Ontario

Well-established (27 years) dollar store and post office combo in a busy plaza. Plaza enjoys high traffic due to mature neighborhoods and major retailers (Metro, Rexall, Scotiabank, Tim Hortons).Monthly lease is $9,568 (including TMI), with 3.5 years remaining. The post office has two terminals, and its contract is renewed every two years. Opens 7 days a week (M-F: 9am-9pm, Sat: 9am-6pm, Sun: 11am-5pm). Annual sales are approx. $355,432, with post office contributing 64% and groceries 36%. Additionally, annual lottery commission is approx. $34,599, with other income at around $22,704.While the business is stable, the owner is selling due to other commitments. This rare combination presents a stable and guaranteed business opportunity that shouldn't be overlooked. **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. (id:51158)
Homes for sale in Mississauga
For sale $399,900
House For Sale in toronto, 606 - 234 ALBION ROAD

606 - 234 Albion Road

Toronto, Ontario

2 Bedroom 1 Bathroom
Location! Location! Location! Attention first time Home buyers and investors, 1000 sqft Beautiful Two Bedroom One Bath Condo with Open concept Living, Dining and Huge Kitchen. Ensuite laundry. Its pride of Ownership. Laminate floors throughout. Beautiful Large Open balcony providing amazing view. Convenient to all amenities and major Highway 401 and TTC on doorstep. Close to School, park, shopping centre, place of worship and offers underground parking. Very good Downtown Connectivity. 10 Minutes to Yorkdale mall, Golf Course on walking distance. All utilities are included in maintenance. A Must See!!!! (id:51158)
Homes for sale in Toronto
For sale $498,000
House For Sale in toronto, 1028 - 100 MORNELLE COURT

1028 - 100 Mornelle Court

Toronto, Ontario

3 Bedroom 2 Bathroom
Step into the realm of Skyview Manor, where your next real estate venture awaits. Nestled within this two-story townhouse lies a canvas awaiting the brush of the discerning buyer to revive its former grandeur. Boasting immense potential for both investors and first-time homeowners alike, this property stands as an unmissable opportunity. Situated in close proximity to UofT Scarborough, Centennial College, and the Pan Am Centre, it offers an ideal locale for students seeking convenience and accessibility. Moreover, with a plethora of favored amenities mere moments away, this address epitomizes unparalleled convenience. (id:51158)
Homes for sale in Toronto
For sale $490,000
House For Sale in toronto, 102 - 1705 MCCOWAN ROAD

102 - 1705 Mccowan Road

Toronto, Ontario

2 Bedroom 1 Bathroom
Discover your next home at 102-1705 McCowan Rd, Scarborough, a spacious condo perfect for first-time buyers or investors. Boasting ensuite laundry, an underground parking spot, and an enclosed backyard for exceptional outdoor living. Prime location steps from the new McCowan-Sheppard Subway line, ensuring easy access to TTC, Go Bus, Hwy 401, plus proximity to Scarborough Town Center and Woodside Mall for your shopping needs. While it requires some TLC, the potential is undeniable. Surrounded by top-rated schools like White Haven Public School and Agincourt Collegiate Institute, and nestled in a park heaven with ample recreation options. A Scarborough Health Network hospital is nearby, adding peace of mind. This condo offers a unique blend of convenience, potential, and lifestyle, making it a great opportunity in a sought-after area. **** EXTRAS **** Property includes the following: oven, fridge, washer, dryer. (id:51158)
Homes for sale in Toronto
For sale $139,900
House For Sale in toronto, 1011 COXWELL AVENUE
Retail and Wholesale

1011 Coxwell Avenue

Toronto, Ontario

1300 sqft
Great Opportunity To Own Well Established & High Margined Variety Store. Seller Successfully Operated 23 Years And Retiring. Great Location, LCBO Next To The Store & Restaurants. Lots Of Potential To Increase Sales For The Right Operator. Sales $13000/Weekly, Lotto $1800/m, Extra Income $750, Rent $3180(Incd TMI). Lease Term: 4 Yrs 8mts + 5 Yrs. High Income & Short Hours (8am-9pm) Sunday (8am-6pm) (id:51158)
Homes for sale in Toronto
For sale $399,000
House For Sale in toronto, 530 YONGE STREET
Restaurant

530 Yonge Street

Toronto, Ontario

Totally gutted and built 5 years ago, this Asian restaurant is for sale on downtown Yonge St. is 2,143 sq ft, with fully equipped kitchen with a walk-in cooler, and transferable LLBO for 45 seats. Can be easily converted to any cuisine. Don't miss this opportunity to own this beautiful restaurant in a prime location! (id:51158)
Homes for sale in Toronto
For sale $429,000
House For Sale in toronto, L01 - 73 RICHMOND STREET

L01 - 73 Richmond Street

Toronto, Ontario

1 Bathroom
Location, Location, Location! Welcome To This Beautiful Unit Located In The Graphic Arts Building at Richmond & Bay. Recently Renovated Floors, Light Fixtures, Freshly Painted, Soaring High Ceilings. Historic Boutique Building With Limited Suites! Walking Steps To Union Station, St. Lawrence Market, Restaurants, Eaton Centre, Hospitals & More. Low Maintenance Fee! **** EXTRAS **** Currently Leased At $1850/Mth. Tenant On Month To Month Lease. Willing To Stay Or Leave.Btv All Descriptions/Monetary Amounts/Measurements/Rentals. (id:51158)
Homes for sale in Toronto
For sale $495,000
House For Sale in toronto, 2205 - 87 PETER STREET

2205 - 87 Peter Street

Toronto, Ontario

1 Bathroom
Location! Location! Location! Welcome to Noir Residences @ 87 Peter St. by Menkes located in the heart of Entertainment District. Steps to TIFF, Theatres, TTC, subway (St. Andrew Station), PATH (Pedestrian Walkway System), restaurants, entertainment, Rogers Centre, CN Tower, waterfront, shopping & Union Station. This sun filled studio has a spacious & functional layout with an unobstructed west view on the 22nd floor & imagine sitting on the balcony watching the sun set every night. Great investment opportunity, suite is currently tenanted to a A+++ tenant for $2,100/mth. plus hydro since Nov 1, 2020. **** EXTRAS **** European style designer kitchen-range/fridge/dishwasher/microwave, Caesarstone countertop, backsplash, washer & dryer. Floor to ceiling windows, 9ft ceilings & marble countertop in bathroom. State of the art amenities & 24hr concierge. (id:51158)
Homes for sale in Toronto
For sale $40,000
House For Sale in toronto, 3 - 1468 VICTORIA PARK AVENUE
Personal Services

3 - 1468 Victoria Park Avenue

Toronto, Ontario

1000 sqft
Excellent Opportunity To Own A Well Established Hair Salon In Business For Decades. Great High Traffic Location At Victoria Park and Eglington, Close To Major Highway, And Steps Away From Crosstown LRT, And O'Connor Drive. Low Gross Rent. New Lease To Be Negotiated With Buyer And Landlord. Ample Onsite Parking Available For Customers. Also Included is 160 sq ft Spa Area. (id:51158)
Homes for sale in Toronto
For sale $449,999
House For Sale in toronto, 1708 - 50 ORDNANCE STREET

1708 - 50 Ordnance Street

Toronto, Ontario

1 Bathroom
Brand New Stunning Studio With A Clear North City View. 9' Smooth Ceiling,Modern & LuxuriousFinished Kitchen With S/S Appliances.Open Concept Living Rm Walked Out To Open Balcony.LaminateFloor Through Out. Big 4 Pcs Bathrm.Excellent Location W/All Amenities,Walking Distance To Ttc,Parks,Cne,Gardiner,Liberty Village,Go,Restaurants,Shops **** EXTRAS **** S/S Cooktop, stove, Microwave ,Built-In Dishwasher, Fridge, Stacked Washer & Dryer, All Existing Light Fixtures (id:51158)
Homes for sale in Toronto
For sale $374,900
House For Sale in hamilton, 1968 Main Street W|Unit #1204

1968 Main Street W, Unit #1204

Hamilton, Ontario

3 Bedroom 2 Bathroom 1090 sqft
So much potential! Discover your next investment or renovation project at Forest Glen Condominiums! This 1090SF, 3 bedroom, 2 bathroom with 1 parking and 1 locker. The condo offers immense potential, perfectly positioned a short drive from McMaster Campus, Hospital, Mohawk College, highways, shopping, and dining. Just steps from the Go Station and the lush Dundas Ravine, outdoor enthusiasts will revel in trail adventures right at their doorstep. The open concept living/dining area features a potential office space, a private balcony showcasing amazing escarpment views, complemented by original charming parquet floors in all bedrooms. The primary suite boasts a 2-piece ensuite and walk-in closet, alongside two additional bedrooms, a 4-piece bathroom, and a large storage/laundry room. Enjoy updated stainless steel appliances and building amenities including a newly renovated indoor salt-water pool, sauna, party room, games room, craft room, hobby room, laundry room, private picnic area with BBQ & more. New glass balconies completed May 2024 and the windows replaced approx. 10-15 years ago. Unit includes locker and underground parking. The condo fee covers heat, water, parking, and maintenance, ensuring a hassle-free lifestyle. Unlock the potential of this hidden gem! (id:51158)
Homes for sale in Hamilton
For sale $429,900
House For Sale in hamilton, 8 Merchison Avenue

8 Merchison Avenue

Hamilton, Ontario

3 Bedroom 1 Bathroom 814 sqft
2+1 Bedrooms, excellent North East location walking distance to major shopping mall, transit, QEW access. Clean move in condition, fully finished basement. Many upgraded features. Estate sale. Include probate clause, deposit is bank draft or EFT, 36 hours irrevocable on offers, must be seen! (id:51158)
Homes for sale in Hamilton
For sale $499,997
House For Sale in hamilton, 534 Hughson Street N

534 Hughson Street N

Hamilton, Ontario

2 Bedroom 1 Bathroom 1320 sqft
Very unique (Built 1892) 2 stry Coach house approx 1320 sq ft on 2 levels of living space. 2 ft wide rock foundation by looking at the lower level windows. New roof and striped 2022. New gas f/air furnace 2021. Located at the edge of yacht marina and near water, scenic, trails etc. Lots of potential, low property taxes and affordable living. Great for investment or personal use. Sold as is. Kitchen as is w/roughed in plumbing. Newer sewer line from inside to the street. Buyer can bring home inspector prior to submitting offer. Right of way(R.O.W) lane way for access to rear parking. (id:51158)
Homes for sale in Hamilton
For sale $424,900
House For Sale in burlington, 1347 Lakeshore Road|Unit #25

1347 Lakeshore Road, Unit #25

Burlington, Ontario

2 Bedroom 1 Bathroom 780 sqft
Welcome to this bright & spacious, 780sqft, 2 bedrm corner unit w/ windows in every room, in an unbeatable & extremely desirable location, directly across from Spencer Smith Park, Spencer’s at the Waterfront, & the Art Gallery of Burlington, & literally steps to the lake, trails, hospital, & downtown, & only a minute to the QEW, 403 & 407. This unit is on the 1st floor (7 steps down), has spacious principal rooms, & is an inviting & functional space ideal for those downsizing, or young professionals, & also offers an eat-in kitchen w/ a pantry, large living rm, 2 spacious bedrms including the primary w/ his & her closets, a 4pce bathrm w/ new vinyl floors, new toilet, & reglazed tile & tub, & also several closets in the unit for added storage space. Recent updates include brand-new fridge & stove in ’24, luxury wideplank vinyl floors in the bathrm & 2nd bedrm in ’24, refreshed bathrm in ’24, quality broadloom in the living rm & primary bedrm in ’23, & freshly painted throughout in ‘23. The complex has a nice community feel, is very quiet, well maintained, & has a great condo committee. Complex amenities also include visitor parking, onsite laundry, & bike storage. The low monthly fee includes PROPERTY TAX, water, cable tv, unlimited high-speed internet, & locker. Optional parking space is $515/year. No dogs & no rentals/leasing. Don’t wait & miss your opportunity for affordable living, directly across from the lake, & surrounded by just about every amenity. Welcome Home! (id:51158)
Homes for sale in Burlington
For sale $488,880
House For Sale in hamilton, 404 - 450 DUNDAS STREET E

404 - 450 Dundas Street E

Hamilton, Ontario

1 Bedroom 1 Bathroom
Welcome to the epitome of modern living at Trend condos. Step into this inviting 1-bedroom, 1-bathroom condo flooded with natural light from it's expansive floor-to-ceiling windows. Embrace contemporary elegance with sleek finishes and the convenience of in-suite laundry. Perfect for commuters, its prime location ensures a mere 10-minute commute to Aldershot GO station, with eateries and shops to natural attractions such as Smokey Hollow Waterfall and Dundas Peak. This residence isn't just a home; it's a lifestyle. Enjoy exclusive access to the luxurious lobby, fitness centre, and party room, or savour sunset views while grilling on the rooftop terrace. With secured storage and an included parking spot, this is more than just a place to live-it's a haven for maintenance-free, luxurious living. RSA (id:51158)
Homes for sale in Hamilton
For sale $469,900
House For Sale in hamilton, 1 - 260 BAY STREET S

1 - 260 Bay Street S

Hamilton, Ontario

2 Bedroom 1 Bathroom
Welcome to The Annex! A Historical Building Perfectly Located In Trendy Durand Neighbourhood. This Bright Spacious Two Bedroom Will Not Disappoint. Freshly Painted, Carpet Free, Large Windows Throughout Brings In Tons Of Natural Light, Huge Kitchen Island With Granite Countertop Great For Meal Prep And Extra Seating, Stainless Steel Appliances With Custom Backsplash. Cozy Living Room with Fireplace, Large Closets In Both Bedrooms, Ensuite Laundry With Custom Shelving, New Hot Water Tank Owned(2023), Locker, Security System And Parking. Enjoy The Roof Top Garden Patio With Lots Of Seating, Outdoor Lights and Amazing Views Of The City. Close To HWY 403, McMaster University, Mohawk College, St. Joseph's Hospital, Walk To Trendy Locke Street, Enjoy Restaurants And Cafes, Close To Parks, Transit, Bike Path, Grocery and MORE! **** EXTRAS **** One Surface Level Parking, Locker On Same Floor As Unit (id:51158)
Homes for sale in Hamilton
For sale $449,900
House For Sale in hamilton, 447 WENTWORTH STREET N

447 Wentworth Street N

Hamilton, Ontario

6 Bedroom 2 Bathroom
Investor's, this is the one you've been waiting for! This legal conforming duplex comes with 6 bedrooms, 2 bathrooms and rear parking with space for 1 vehicle. Each units comes with 3 bedrooms and 1 bathroom. This property has wonderful tenants, both on month to month. With close proximity to public transit, shopping, hospital, places of warship and more! Book your private showing today. (id:51158)
Homes for sale in Hamilton
For sale $439,900
House For Sale in burlington, 2315 - 100 BURLOAK DRIVE

2315 - 100 Burloak Drive

Burlington, Ontario

1 Bedroom 1 Bathroom
Luxurious Retirement Living! Welcome to this cozy 1 bedroom + den condo in a vibrant retirement community. Enjoy the spacious living room and dining room area and a full kitchen for independent living or dine at the on-site restaurant. The large primary bedroom boasts a walk-in closet, steps to the accessible bathroom with walk-in shower and in-suite laundry. Relax on the balcony overlooking serene garden and lake views. Building amenities include a pool, gym, library, games room, restaurant, and health center. Social butterflies will love the array of activities and day trips. The mandatory club fee includes some meal and housekeeping credits, making retirement living a breeze. Live your best life here! (id:51158)
Homes for sale in Burlington
For sale $149,000
House For Sale in mississauga, A6 - 5101 DIXIE ROAD
Restaurant

A6 - 5101 Dixie Road

Mississauga, Ontario

1201 sqft
Assets of the Business For Sale! Premium Turn-Key Fixtured QSR Restaurant!!! Buy the Rock'N Deli Franchise (***Financing available for buying the franchise), or run your own Unique Concept. NO COMPETING USES EXISTING IN THE PLAZA ALLOWED. Save Time & Money on Construction, Building Permits/Fixturing etc. Plaza anchored by national restaurants and businesses. Lot's of Foot Traffic! Long term lease with Low Rent (NET Rent & TMI approx. $5,169.22/Mth + HST). Buyer/Buyer's Agent to verify Zoning, Uses, Sqft & All other Details. **** EXTRAS **** Inventory and Franchise Transfer Fee Extra if applicable. Current Lease until 2027, plus 5 + 5 year Renewal Options (id:51158)
Homes for sale in Mississauga
For sale $350,000
House For Sale in burlington, 2235 INDUSTRIAL STREET
Automobile

2235 Industrial Street

Burlington, Ontario

4384 sqft
Great Opportunity to Own a Well Established Mechanic Workshop in High Demand Area in Burlington. Located in Gulph Line & HWY403, It Has Been in Business for More Than 20 Years with Royal Customers. 3 Units Equipped with 4 Hoists, Ample Parking Space. Also It Features An Office, Waiting Room, Kitchen And 3 Washroom. Situated Near Major Highways And Within Walking Distance To The Costco. A Long List of Equipments Available upon Request. (id:51158)
Homes for sale in Burlington

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.