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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 $448,888

#114 -450 Dundas St E

Hamilton, Ontario

1 Bedroom 1 Bathroom

Welcome to this inviting GROUND FLOOR unit boasting impressive 10 ft ceilings. Step into this luminous 1 bedroom condo, where brightness greets you from the outset. The open-concept kitchen and living room beckon, featuring brand-new stainless steel appliances, a charming breakfast bar, and seamless access to your own private balcony. The generously sized primary bedroom is a haven of light, adorned with floor-to-ceiling windows and complemented by a spacious walk-in closet. Completing the picture is a well-appointed 4 piece bathroom and the convenience of in-suite laundry. This residence offers an array of enticing amenities, including vibrant party rooms, state-of-the-art fitness facilities, delightful rooftop patios, and secure bike storage. Nestled in the sought-after Waterdown community, residents will relish easy access to superb dining options, premier shopping destinations, esteemed schools, and picturesque parks. (id:51158)
Homes for sale in Hamilton

For sale $375,000

#114 -35 Southshore Cres

Hamilton, Ontario

1 Bathroom

Beautiful Fully Upgraded Studio Unit At Waterfront Trails By Builder New Horizon Development Group! Relax On The Rooftop Patio With Lake Views After A Yoga Session In The Building's Exercise Room, While Your Laundry Is Drying In Your Very Own In-Suite Stackable Washer And Dryer. Featuring Geothermal Heating And Cooling, Sleek Stainless Steel Kitchen Appliances, And No Carpet Throughout!Ideal for Bachelors / Students and single working professionals. (id:51158)
Homes for sale in Hamilton

For sale $474,999

#308 -460 Dundas St E

Hamilton, Ontario

1 Bedroom 1 Bathroom

Welcome to this beautiful 3rd-floor unit at Trend 2. Step into this luminous 1 bedroom condo, where brightness greets you from the outset. The open-concept kitchen and living room beckon, featuring brand-new stainless steel appliances, a charming breakfast bar, and seamless access to your own private balcony. The generously sized primary bedroom is a haven of light, adorned with floor-to-ceiling windows and complemented by a spacious walk-in closet. Completing the picture is a well-appointed 4 piece bathroom and the convenience of in-suite laundry. This residence offers an array of enticing amenities, including vibrant party rooms, state-of-the-art fitness facilities, delightful rooftop patios, and secure bike storage. Nestled in the sought-after Waterdown community, residents will relish easy access to superb dining options, premier shopping destinations, esteemed schools, and picturesque parks. Included with this unit is 1 parking spot as well as a designated locker (id:51158)
Homes for sale in Hamilton

For sale $449,500

147 Maple Cres

Hamilton, Ontario

2 Bedroom 2 Bathroom

Nestled within the picturesque community of Beverly Hills, this cozy and well-appointed home spans approximately 1100 square feet, offering a tranquil suburban retreat with easy access to urban amenities. The thoughtful layout includes two bedrooms, an office and two bathrooms for comfort and versatility. With large windows for natural light, the living room features a fireplace, creating warmth and ambiance, while the spacious primary bedroom offers a walk-in closet, ensuite, and sliding doors leading to a deck for a private retreat-like feel. Crown molding adds elegance to the interior, complemented by a carpet-free design for easy maintenance. The white eat-in kitchen is bright and inviting, with a side entrance for convenient access. The main bath boasts a luxurious jetted bathtub for relaxation. Outside, the home boasts a generous lot size, perfect for outdoor activities and gardening, along with four-car paved parking and a private backyard for relaxation or entertaining. **** EXTRAS **** Essential amenities such as schools, shopping centers, restaurants, and major transportation routes are close by, ensuring convenience for daily errands and commuting. (id:51158)
Homes for sale in Hamilton

For rent $17,000 Monthly

10530 Fifth Lane

Milton, Ontario

7 Bedroom 6 Bathroom

Discover your new peace paradise ! This rare 32-acre paradise features two meticulously crafted houses. The main house, with its innovative design and 5-bedroom split layout, showcases early contemporary architecture. Ideal for in-laws the separate 2-bedroom 2 bathrooms Separate Laundry gatehouse offers flexibility. Set amidst stunning landscapes with perennial gardens and trails, this is a nature lover's dream. Experience country living at its finest with your family today. ** Main House can be rented for $13,500 Monthly ** (id:51158)
Homes for sale in Milton

For rent $18,000 Monthly

#4601 -183 Wellington St W

Toronto, Ontario

3 Bedroom 3 Bathroom

The Luxurious Ritz- Carlton 5 Star Hotel. Exclusive 2+1 Bdrm, 3 Bathroom 2557 Sqft W/Private Elevator Access. Gorgeous Home In The Sky! Breathtaking Panoramic Views From Soaring 10Ft Wraparound Windows Of This Exquisitely Designed Corner Suite! Incredible Finishes And Stunning Attention To Detail. 24 Hr Concierge, Valet Parking. Luxurious Ritz Carlton Amenities: Spa, Pool, Sky Lobby, Gym, Directly Connected To The Path, Toronto's Downtown Walkway **** EXTRAS **** Sub Zero Stainless Steel Fridge, Wolf Gas Cook Top Stove, B/I Wolf Oven/Microwave, Wine Fridge, B/I Miele Dishwasher, Full Size Front Loading Washer And Dryer In Large Laundry Room, Parking And Locker Included. (id:51158)
Homes for sale in Toronto

For sale $459,000

#102 -2603 Bathurst St

Toronto, Ontario

1 Bedroom 1 Bathroom

Charming 1 bed 1 bath unit in one of Toronto's most prestigious neighbourhoods. The Courtyards of Upper Forest Hill, offering a rarely affordable apartment in one of the city's most premium locations. Open concept layout featuring hardwood floors throughout, large windows filling the unit with natural light, large closets, and wonderful amenities. Beautiful apartment lovingly cared for by owner, pride of ownership shows throughout. **** EXTRAS **** Stainless steel fridge, oven/range, microwave/hood fan and dishwasher. Wall AC unit, all electrical light fixtures and window coverings. (id:51158)
Homes for sale in Toronto

For sale $399,900

432 Main Street E Unit# 1103

Hamilton, Ontario

2 Bedroom 2 Bathroom 1027

Welcome to the popular HUNTER'S GREEN Condos...known for it's bright & spacious units, as well as Niagara Escarpment & Bay views from this top elevation! This stunning unit has been updated throughout to include: new flooring, newly updated kitchen with quartz counters, refinished cabinetry, new hardware, dishwasher & new breakfast bar open to the dining room. The spacious, open-concept layout provides for flexibility in set-up whichever way works for you. The patio doors off the dining area take you to a huge balcony which again offers you the ability to set-up as you please, while providing spectacular views of the Escarpment, attractive downtown & the Bay. The large Primary bedroom features a bay window, 2 closets & a 3 piece private ensuite. The bright 2nd bedroom offers a double closet, as well as a bay window. The main bathroom is a full 4 piece & the insuite laundry room has enough space for full sized washer/dryer, along with storage and a new OWNED HOT WATER TANK. The unit includes one underground parking space, but there is plenty of visitor parking, along with potential to possibly rent an additional spot. This location being in such close proximity to all desired amenities, and downtown...combined with the generously sized bright units, makes for the ultimate living situation! (id:51158)
Homes for sale in Hamilton

For sale $499,900

85 Robinson Street, Unit #805

Hamilton, Ontario

1 Bedroom 1 Bathroom 675 sqft

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)
Homes for sale in Hamilton

For sale $425,000

#1406 -10 Sunny Glwy

Toronto, Ontario

1 Bedroom 1 Bathroom

Bright, spacious & centrally located 1-bedroom condo on Don Mills and Eglinton. Suite is on the 14th floor with amenities like swimming pool & gym in the building. Building Lobby is recently renovated. Common Laundry room is in the basement. Unit comes with Parking space & locker. Maintenance fee covers utilities (Heat, Electricity, water) Major highways, DVP North and South are within 1-minute drive. Bus stops are located right outside of the building. Grocery stores, restaurants, GoodLife Fitness, library, East York Town Centre, pharmacies and walk-in clinic are all located within 5-10 minute. Buyers due diligence is appreciated. (id:51158)
Homes for sale in Toronto

For sale $299,000

101 Cathcart St

Hamilton, Ontario

2 Bedroom 1 Bathroom

Location, Location Attention Investors, Renovators, Handymen. Are you looking for your next project? This property boasts immense potential for transformation. Detached 2 storey home with 2 bedroom 1 bath, no driveway, street parking, close to all major stores, McMaster University, Hamilton Hospital, GO Train, highway, public schools, bus route, and much more!! **** EXTRAS **** Property Being Sold ""As Is/Where Is"". Buyer And Agent Due Diligence To Verify All Measurements, Taxes & Property Information. (id:51158)
Homes for sale in Hamilton

For rent $19,980 Monthly

#sph09 -1 Edgewater Dr

Toronto, Ontario

3 Bedroom 5 Bathroom

""Aquavista At Bayside"" Is A Luxurious Lakeside And Stylish Condo Developed By Tridel, 4 Years Old With 5-Star Amenities. Very spacious 3-Bedroom, 5-Bathroom, Large Windows, Top-floor 2-level Residence Spanning 3771 Square feet, Overlooking The Lake And Park With An Expansive Indoor And Outdoor Living Space, Providing Residents With The Opportunity To Fully Enjoy The Lakeside Scenery, Located Adjacent To George Brown College, With Quick Access To Highways, The Harbor, Boardwalk, Sugar Beach, And Ferry Terminal, Within Walking Distance To St. Lawrence Market, George Brown College, The Distillery District, And The Financial District. **** EXTRAS **** B/I Fridge, B/I Cook Top, Oven, Rangehood, Microwave, B/I Dishwasher, FrontLoad Washer & Dryer, No Pets & Smokers, Private 2 Underground Parking Spots, Elevator Inside Unit, Ideal For Celebrities, Athletes & Executives. (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!

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.

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Homes For Sale in the GTA, Price under $500,000