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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..
#1111 -1 Jarvis St
Hamilton, Ontario
Welcome to 1 Jarvis Street, in vibrant Downtown Hamilton! This brand new condo offers urban living at its finest, boasting a blend of modern features and convenience in a prime location. Step into this bright and spacious carpet free unit featuring 1 bedroom plus den and 1 full bathroom, offering ample space for comfortable living. The open-concept layout is perfect for entertaining, with a sleek kitchen equipped with stainless steel built in appliances, quartz countertops, and a deep sink. The inviting living area is flooded with natural light from the full-sized sliding doors that offer a walkout to the balcony, the ideal spot to enjoy your morning coffee or evening cocktail. The bedroom is a peaceful retreat, complete with a full height window and ample natural lighting. Take advantage of amenities such as a yoga room, fitness centre, and lounge / co-workspace, and ideal 24-hour concierge service. Located in the heart of Hamilton, you'll enjoy easy access to McMaster University, shops, restaurants, parks, and entertainment options, as well as proximity to transit hubs for effortless commuting. **** EXTRAS **** Yoga room, fitness centre, lounge / co-workspace, concierge (id:51158)
1 Jarvis Street, Unit #1111
Hamilton, Ontario
Welcome to 1 Jarvis Street, in vibrant Downtown Hamilton! This brand new condo offers urban living at its finest, boasting a blend of modern features and convenience in a prime location. Step into this bright and spacious carpet free unit featuring 1 bedroom plus den and 1 full bathroom, offering ample space for comfortable living. The open-concept layout is perfect for entertaining, with a sleek kitchen equipped with stainless steel built in appliances, quartz countertops, and a deep sink. The inviting living area is flooded with natural light from the full-sized sliding doors that offer a walkout to the balcony, the ideal spot to enjoy your morning coffee or evening cocktail. The bedroom is a peaceful retreat, complete with a full height window and ample natural lighting. Take advantage of amenities such as a yoga room, fitness centre, and lounge / co-workspace, and ideal 24-hour concierge service. Located in the heart of Hamilton, you'll enjoy easy access to McMaster University, shops, restaurants, parks, and entertainment options, as well as proximity to transit hubs for effortless commuting. Don't miss this opportunity to experience the best of urban living in Hamilton! (id:51158)
#l02 -73 Richmond St W
Toronto, Ontario
Live/Work In Good Company At The Historic, 5-Storey Graphic Arts Building. Originally Built In1913, Converted Yo Condos In 2003. A Boutique Building, With Only 64 Suites. Classical ArchitectureWith Limestone Exterior Featuring Elegant Sculptural Details And Colonnade Pillars. High CeilingsCreate Spaciousness. Three Distinct Living Areas. Bankers, Artists, Medical Professionals,Students, Academics, Entrepreneurs: Commute Less, Rest More. **** EXTRAS **** Includes: Stainless Steel Double Door Fridge With Water Dispenser, Stove, Built-In Microwave,Dishwasher, Stackable Washer And Dryer, All Elfs, Kitchen Table And All Mirrors, Granite CounterTop. (id:51158)
#707 -90 Ling Rd
Toronto, Ontario
Great Value for Spacious 3-bedroom, 2-bath Apartment: New Kitchen Cabinets, Countertops, and Flooring. Recently Renovated Main Bathroom. Freshly Painted Throughout. New Flooring in all Bedrooms. Unobstructed Views with an Open Balcony. Conveniently Located Near Public Transit and Stores, Close to U of T Scarborough Campus. Includes Ensuite Locker. Move-in Ready! (id:51158)
#207 -4064 Lawrence Ave E
Toronto, Ontario
Recently Renovated, Spacious 3 Storey Stacked Townhouse. Large Kitchen with Quartz Counter top. Family Rm on Main Floor now self contained possible studio In-Law Apt. with separate entrance and walk out to patio and garden. Each floor has its own private entrance. Close to all amenities; Schools, Shopping, TTC, Parks, Churches & Highways. Maintenance Fees include Heat, Water, Cable, Parking etc. Unit has two parking spaces & Large Storage. All windows & Sliding doors recently changed. Low taxes for City of Toronto! Great Unit for large family. Bedrooms are very spacious! **** EXTRAS **** 2 Existing Fridges, Stove, Washer & Dryer. Existing ELF's & Blinds (id:51158)
#202 -1 Falaise Rd
Toronto, Ontario
Newer Building (2 Years Old), Balcony Walkout From Living Room! Close To All Amenities, Including: Ttc/Go/401, UFT Scarborough Campus, Centennial College, Schools, Hospital, Parks, And Shopping & Restaurants At Door. Can assume tenant or can have vacant possession **** EXTRAS **** Stainless Steel Fridge, Stove, Built-In Dishwasher; Stackable Washer/Dryer; Double Stainless Steel Sink; Balcony; All Lights And Window Coverings. (id:51158)
#501 -2a Church St
Toronto, Ontario
Attention Investors! Newer Building, A Must See! Price To Sale! Bright And Large Unit, One Bedroom + One Large Den, 633 Sf +43 Sf Balcony. Den Can Be Used As Second Bedroom. Functional Layout, 2 Full Bathroom. Walking Distance To Toronto's Financial District., 9 Min Walk To Ttc King Station, 2 Min Walk To St. Lawrence Market. Building Amenities Include Concierge, Exercise Room, Lap Pool, Party/Meeting Room, Rooftop Deck/Garden,Terrace Lounge With Bbq's. One Locker Included. **** EXTRAS **** Fridge, Stove, B/I Dw, B/I Microwave, Stacked Washer/Dryer. Existing Elfs, Existing Window Coverings. (id:51158)
#2206 -101 Erskine Ave
Toronto, Ontario
Welcome To Luxury Midtown Condo In The Heart Of Yonge And Eglinton, Where Luxury Meets Convenience. Condo Offers Clear View From Balcony, High Ceilings, 24 Hr. Security, Laminate Flooring, Fully Designed Kitchen With Integrated Appliances. Full Of Amenities; Guest Suites, Roof Garden W/Infinity Pool, Party Room, Visitor Parking, BBQ, Movie Room, Billiards Room, Yoga Studio And Walking Distance To Shopping & Subway. **** EXTRAS **** Built-in Stainless Steel Appliances ( Fridge, Cooktop, Dishwasher, Microwave), Quartz Counter Top, Washer/Dryer, Window Coverings. (id:51158)
#1806 -501 Yonge St
Toronto, Ontario
Urban Living at it's finest! This sleek studio suite boasts a functional layout and tonnes of natural light! Step outside to a large private balcony and soak in the stunning city views. Located jst steps from subway, UofT, TMU, hospitals, shopping, and a diverse array of restaurants, this prime location offers unparalleled convenience and accessibility! Don't miss this opportunity to experience the vibrant heart of Toronto Living at it's best! **** EXTRAS **** World-Class Amenities include Zen Garden, Pools, Sauna, Pet Spa, Fitness/Gym, Yoga, Theatre, Lounge, Terrace and more! (id:51158)
#923 -8 Hillsdale Ave
Toronto, Ontario
Introducing the ""Arte Shoppe"", A Boutique Condo Located at Yonge and Eglinton, Inspired by Fashion Icon Karl Lagerfield. This Sun-Filled Jr 1 Bedroom 1 Bath Unit Features an Open Concept Floor Plan, Laminate Flooring Throughout, Built-in Appliances with Quartz Countertops, Chic Upgraded Bathroom. Floor-to-Ceiling Windows to Enjoy Stunning West Views. This Award-Winning Condo Features a 24-Hour Concierge and is located steps to the New LRT, with the Subway at your Doorstep. World class Amenities Including Rooftop Infinity Pool with Cabanas & Sundeck, BBQ, Gym, Kids Club, Yoga Studio, Private Dining & Wine Tasting Room. Attached too building is FarmBoy, Staples, West Elm Furniture, Oretta Restaurant and much more! **** EXTRAS **** Enjoy an array of amenities, including rooftop infinity pools & cabanas with a sundeck, BBQ Area, Gym, Juice Bar, Kids Club, Yoga Studio, Private Dining, and a wine tasting room. Steps away, you'll find Farmboy, Staples West Elm & More. (id:51158)
#716 -32 Trolley Cres
Toronto, Ontario
Attention First-Time Buyers And Down-sizers! This Stunning 1-Bedroom Unit Nestled In The Heart of Toronto's Vibrant Corktown Boasts All The Urban Charm You Crave. Situated In The Award-Winning River City Community, It Features Exposed Concrete Ceilings, Floor-To-Ceiling Windows, And A Convenient Built-In Workstation. The Modern Kitchen With Full-Sized Stainless Steel Appliances Is Perfect For Culinary Enthusiasts. Enjoy Seamless City Living With Easy Access To The King Streetcar And Major Highways Like The D.V.P. And Gardiner. Within Minutes, Discover The Allure Of The Distillery District, Green Spaces, And The Bustling St. Lawrence Market. Plus, With Fantastic Amenities And 24-Hour Security, This Condo Offers Both Comfort And Peace Of Mind. Don't Miss Out On Your Chance To Call River City Home! **** EXTRAS **** Fridge, Stove, Dishwasher, Over the Range Microwave, Washer/Dryer, All Elfs, All Window Coverings (id:51158)
#2402 -1 King St W
Toronto, Ontario
WELCOME TO THE RESIDENCES AT ONE KING WEST. THIS RARELY OFFERED, FULLY RENOVATED BACHELOR SUITE IS LOCATED IN THE HEART OF THE FINANCIAL DISTRICT. UPGRADED CUSTOM KITCHEN WITH NEW APPLIANCES, BUILT-IN WASHER/DRYER COMBO, FULLY UPGRADED BATHROOM, WOOD FLOORS THROUGHOUT AND MORE! ENJOY THE COUNTLESS AMENITIES THIS BUILDING OFFERS, SUCH AS; GYM, JACUZZI, LOBBY RESTAURANT DISCOUNTS, ROOM SERVICE, PARKING DISCOUNTS AND SO MUCH MORE! CONVENIENTLY SHOPPING, RESTAURANTS, PUBLIC TRANSIT AND MORE RIGHT AT YOUR DOORSTEP. DIRECT UNDERGROUND ACCESS TO P.A.T.H, THE SUBWAY & UNION STATION. TAKE ADVANTAGE OF THIS UNIT'S INVESTMENT POTENTIAL OR MOVE RIGHT IN AND ENJOY ALL THE AMENITIES THIS BUILDING HAS TO OFFER. (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.