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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..
711 - 200 Lotherton Pathway N
Toronto, Ontario
Welcome to a great 2 bedroom apartment with spacious rooms and an open balcony. Floors updated throughout, recently painted. Ready to move in anytime. Low maintenance covers most utilites. Close to all amenities, highways, parks and yorkdale mall. Steps to TTC with direct route to subway. close to stores, schools and restaurants. More at 200lotherton711.ca **** EXTRAS **** all appliances, all lightfixtures. 1 parking included. (id:51158)
Ph 21 - 700 Humberwood Boulevard
Toronto, Ontario
Newly Renovated 2024! Gorgeous PENTHOUSE Suite at Prestigious Humber Mansions by Tridel, boasts 9 smooth ceilings ( Penthouse level only) Designer Decor , New kitchen with quartz counter tops & Island, New bathroom, doors, flooring, pot lights , smooth ceilings, Desirable sun-filled open plan with panoramic views, ensuite laundry , balcony, large walk in closet in Bedroom . Five Star Amenities- 24 Hour Concierge, Indoor pool with hot tub & sauna, tennis courts, Billiard room, gym , 2 party rooms, guest suites, woodbine racetrack and casino, +++ only minutes to Hwy 427, 401, 407, 409, Airport , Humber College, shopping, hospital, TTC. Status Certificate Available. **** EXTRAS **** Renovated Penthouse Suite with 9 ceilings. 1 Pkg Space P3 # 172 - 1 Locker P3 # 255. (id:51158)
Ph6 - 2130 Weston Road
Toronto, Ontario
Don't miss out on this extraordinary opportunity to unleash your creativity & transform this rarely offered Penthouse Suite into the home of your dreams! With spacious bedrooms & two full washrooms, this expansive unit offers the perfect canvas for your renovation vision.Bright and airy, the space is adorned with a grand balcony, ideal for entertaining or crafting your own outdoor oasis while relishing endless, unobstructed city views. Spanning 1,270 square feet, every inch of this unit exudes potential, from the generously sized bedrooms to the laundry room, offering ample room for customization.Storage is never a concern with plenty of space throughout, complemented by the added benefit of two parking spaces for added convenience. Plus, enjoy the added benefit of cable & internet included in your maintenance fees. Discover a wealth of building amenities just waiting to be enjoyed on the 2nd floor, including his and hers saunas, a library, common laundry area, gym, party room, and even a car washmaking every aspect of luxurious living readily accessible.Seize the chance to redefine urban sophistication and elevate your lifestyle with this renovation project. **** EXTRAS **** Cable & Internet Inc. In Fees. Steps To Humber River Trail, Ttc, Go Station, Up Express, Shopping,& Services. Mins To 401. Great Schools. Perfect Location! Well Maintained Building With Excellent Amenities. (id:51158)
502 - 2411 New Street
Burlington, Ontario
Welcome to this charming & spacious 2 Bedroom condo In South Burlington which is perfect for first-time buyers, investors or downsizers! Open Concept living with a Generous Sized Living/Dining and an eat in kitchen. Walk out to your Large Balcony that has breathtaking views of Burlington. Situated just a short distance away from Downtown Burlington, easy highway access, close to shops, restaurants, amenities, library, YMCA, senior centre & public transit. The Condo also includes in-suite clothes washing machine and parking spot. Status Certificate is on hand. **** EXTRAS **** Close to QEW, HWY 5, Burlington Go Transit, the Lake Downthon Burlington, Parks, Ymca, Shopping, Restaurants & more. 1 Parking Spot (Ground). Owners currently have a locker. Lockers are provided by the condo board on an available basis. (id:51158)
212 - 99 Blackwell Avenue
Toronto, Ontario
Excellent Location! Very Bright, Functional, Spacious Condo Apartment Unit Located In A Highly Desirable Neighborhood. Air-Conditioned Building W/ Excellent Amenities all includes in maintenance fee. Ensuite Laundry. 1 Parking And 1 Locker Close To All Amenities, Across from Malvern Mall, 24 Hrs Ttc, No Frills, Schools, Shoppers, Hospitals, 4 Min to Highway 401, Great Building Facilities, Car Wash, Indoor Pool, Sauna, Gym, Table Tennis, Billiard Room, Visitor Parking, Additional parking available to rent, Security System, Meeting Room, Party Room, Rec Room, Squash Court, Modern kitchen with rarely used stainless steel appliances. MUST SEE! Ready To Move In. **** EXTRAS **** Furnitures could be negotiated if interested. (id:51158)
909 - 60 Pavane Linkway
Toronto, Ontario
Spacious 2 BR Unit With Open Balcony,Nature, Health & Peace Lover Haven In The Heart Of Toronto. The Don Valley River At Your Feet,Multiple Direct Access & Endless Walking & Bike Trails In Every Direction. Large Indoor Pool, Gym & Sauna On Site. A Few Minutes Walking Distance To City Parks, Arena, Tennis Courts, Several Sports Fields,Dog Field & Much More.Locker+Indoor Parking.Easy Access To DVP, Close to Toronto Downtown & 401. Nearby Bus Routes, Schools, Places Of Worship, Grocery Stores, Gas Stations, Costco, Superstore, Close to LRT Crosstown, Science Center, ET Seton Park & Much More, A Well Managed And Maintained Building includes Indoor Swimming Pool, Sauna,Gym and Car wash.Maintenance includes Heat, Hydro, Water, Cable TV. and Internet. **** EXTRAS **** Fridge,Stove,Window A/C and Elf's. (id:51158)
504 - 39 Brant Street
Toronto, Ontario
Life is Brant-iful! This junior 1 bedroom is a shining star nestled between the goodness of King and Queen west. Withfloor-to-ceiling windows (hello sunshine), exposed concrete ceilings and modern finishes its agreat place to call home. Calling all cooks! Enjoy gas stove life to make all your favourite mealsfor you and your pals. Beyond your doorstep is a world of possibility. Enjoy amazing neighbourhood amenities including Impact Kitchen (located in your building), Waterworks Food Hall, Othership, Loblaws, LCBO, Shoppers and countless delicious restaurants at your fingertips! Brant up your life today! **** EXTRAS **** Building amenities include concierage, gym, guest suites, party room, yoga studio and rec room. (id:51158)
201 - 160 The Donway West
Toronto, Ontario
Rarely Offered South Facing Corner Suite. Wall To Wall Windows Large Double Closets, Extremely Well Kept Building In Prime Don Mill's Area. Quiet Intimate Low-Rise Living Directly Across The Street From Renowned Shops Of Don Mills. Property Tax Included in Maintenance Fee. Convenient Midtown Location Easy To Show. **** EXTRAS **** Fridge, Stove, Dishwasher, All Electric Light Fixtures, Window Coverings (id:51158)
Sph10 - 1 Edgewater Drive
Toronto, Ontario
""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, 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)
35 Horning Drive
Hamilton, Ontario
Attention Investors, Flippers & Handy people! Outstanding opportunity awaits! Solid raised ranch semi-detach, located minutes from Ancaster Meadowlands, highway (403/Linc), schools, parks, trails & amenities. All brick exterior, oversized backyard with patio, overhang & new left side fence (2023). Separate side entrance & inside entry from garage to potential bachelor in law-suite (large basement windows). Newly renovated basement bathroom with shower (2023), all windows replaced (2016), roof with eavestroughs & leaf guard (2018), paved driveway (2018), furnace & AC (2008) & updated garage door. Home has great bones & massive potential to add value. (id:51158)
312 - 1 Massey Square
Toronto, Ontario
!!! FIRST TIME BUYERS & INVESTOR ALERT !!! Large 1 Bedroom with SW facing Balcony - Clean & Cared-For - Owner Occupied - Updated in All the Right Places - Walk-In Shower - S/S Kitchen Appliances - Quartz Countertops -Tiled Backsplash - Mirrored Closet Doors - Flooring - Steps to TTC & GO Stations, Health Clinic, Pharmacy, Childcare, Grocery, Restaurants, Shops, Taylor Creek Park, Dentonia Park Golf Course... - Parking & Storage Available for Rent - 5 mins to the Beach - 20 mins to Downtown - Tons of Amenities included - Water/Hydro/Cable - Full Size Fitness Facility - Pool & Sauna - Indoor Courts - Party Room - For more info check out - https://www.crescenttownclub.com/ !!!Great Entry Level Unit with Cash Positive Potential for Investors !!! DON'T MISS OUT!!!! (id:51158)
803 - 720 Spadina Avenue
Toronto, Ontario
*Attention First Time Home Buyer & Investors *Well Managed Co-Ownership Building *Best Priced Bachelor Unit In Very Good Condition * $$ Updated & Renovated *Open Concept Living Area With Large Closet & Walkout To Large Balcony With Great South Views Of City *Amenities Including: Rooftop Terrace Garden, Exercise Room, Weight Room & Sauna *Best Located Just South Of Bloor Street *Super Convenience: Steps To U Of T, TTC, Dining, Shopping & Hospitals *Note % Interest is 0.479% *Proportionate Share is 0.5629% **** EXTRAS **** *All Offer Conditional Upon Board Approval For Minimum 7 Banking Days *Upon Acceptance Of The Offer, Buyer To Complete The Purchaser Approval & Submit To The Board W/Credit Report & References (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.