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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..
212 King William Street Unit# 308
Hamilton, Ontario
Welcome home to KiWi Condos by celebrated Rosehaven Homes. This is a 1 Bed + Den suite, with 9' ceilings, modern finishes, and large outdoor living space. The bright and functional kitchen features quartz countertops, and stainless steel appliances. An open concept floor plan has a functional living room, with walk out to the private 298 square foot terrace! Newly constructed, offering modern amenities and conveniences, KiWi Condos' many features include, concierge, rooftop terrace (with BBQs and stunning views!), pet wash station, a state-of-the-art gym, and party room with full kitchen access. This is an opportunity to be part of Hamiltons vibrant Downtown Core! Conveniently located steps to top rated Restaurant Row, theatres, Hamiltons historic International Village and much more. Photos taken prior to current tenant occupancy. (id:51158)
241 - 1005 King Street W
Toronto, Ontario
Welcome to DNA 2 condos at King and Shaw. This gorgeous one bed condo with one parking spot is excellent choice for first time buyers and investors. Close to Trinity Bell woods, Stanley Park, King West, Queen West. Street car at your door step. This suite features concrete ceilings and laminate flooring throughout the living space. Kitchen has granite counter tops, stainless steel appliances.Bedroom with closet and juliet balcony. **** EXTRAS **** Stainless steel fridge, stove, dishwasher, washer, dryer, all electrical fixtures. (id:51158)
601 - 85 Robinson Street
Hamilton, Ontario
Stunning 1-bedroom + den condo built by Award-Winning Builder New Horizon Development Group! This spacious unit boasts over 740 sq ft of living space, is carpet-free throughout, and was freshly painted 2024. Overlook the escarpment from your private balcony while you enjoy a drink or your morning coffee. The unit also features Geo Thermal heating and cooling, approximately 9-foot ceilings, in-suite laundry, 1 underground parking space, and 1 locker! Many building amenities include 2 Fitness Rooms, Media Room, Party Room, Outdoor Terrace & Bike Storage. Just steps to Hamilton GO, St. Joe's Hospital & trendy James Street, this is the ideal location for any young professional. (id:51158)
618 - 610 Farmstead Drive
Milton, Ontario
Welcome To Your Dream Home Located In The Centre Of Milton! This Exquisite 1 Bed & 1 Bath Offers A Perfect Open Concept Floor Plan, 9 Ft Ceilings, Large Walk-In Closet, Extended Underground Parking Space To Fit 2 Cars & A Storage Locker And Much More! Located Steps To Milton District Hospital, Sunny Mount Park/Leash Free Dog Park, Shopping, Schools And Much More! Whether You're A First-time Home Buyer Or An Investor, This Condo Presents An Excellent Opportunity To Own A Piece Of Prime Real Estate In The Heart Of Milton! **** EXTRAS **** 1 Extended Parking Spot that Fits 2 Cars. Fridge, Stove, Dishwasher, Microwave, Washer, Dryer. Easy Access To 401 And Only 10 Minutes To 407. Minutes' Walk To Milton Sports Centre, Hospital, Parks, Banks. (id:51158)
2609 - 105 The Queensway Avenue
Toronto, Ontario
Fantastic starter opportunity at NxT 2 condos, right in front of the lake, perfect location for outdoor enthusiasts. Floor to ceiling west windows for great natural light showcasing phenomenal panoramic unobstructed views of Lake Ontario and Humber River. Functional layout allows for full size furniture. Double closets in Primary Bedroom and Foyer for added storage space. Amazing amenities: Indoor & Outdoor swimming pool, tennis court, party room, sauna, movie theater, party room, guest suites, 24/7 front desk security. **** EXTRAS **** Steps to Humber Bay Arch Bridge, TTC at your door, Grenadier Landing, Sunnyside Park and Beach.Close to High Park and Bloor St W. (id:51158)
85 Robinson Street, Unit #601
Hamilton, Ontario
Stunning 1-bedroom + den condo built by Award-Winning Builder New Horizon Development Group! This spacious unit boasts over 740 sq ft of living space, is carpet-free throughout, and was freshly painted 2024. Overlook the escarpment from your private balcony while you enjoy a drink or your morning coffee. The unit also features Geo Thermal heating and cooling, approximately 9-foot ceilings, in-suite laundry, 1 underground parking space, and 1 locker! Many building amenities include 2 Fitness Rooms, Media Room, Party Room, Outdoor Terrace & Bike Storage. Just steps to Hamilton GO, St. Joe's Hospital & trendy James Street, this is the ideal location for any young professional. This won’t last long; book your private showing today! (id:51158)
340 Plains Road E, Unit #508
Burlington, Ontario
Welcome to 340 Plains Road Unit 508, a beautiful new condo complex in the heart of Aldershot. Bright spacious open concept unit with a gorgeous east facing balcony. 601 SF of beautifully finished space. White cabinets with stainless steel appliances and quartz countertops make the kitchen one to be desired. Murphy bed in Primary Bed included. Many amazing facilities with this condo include a gym, rooftop terrace with barbecue and views of the escarpment on 2 sides, party room, conference centre and lots of visitor parking. Condo is just minutes away from the Go Station, Hwy 403, QEW, Ikea, Mapleview Mall, Hospital, and Lake Ontario. Don’t miss out! (id:51158)
408 - 1450 Bishops Gate
Oakville, Ontario
Located in the desirable Abbey Oaks Condos located in Glen Abbey this bright and spacious 1+Den offers an open concept main living area with with offers 12 foot tall ceilings! Freshly painted throughout and including new stainless steel appliances and new vinyl flooring. Close proximity to Glen Abbey Rec Centre, shopping, trails, parks, highway access to Bronte GO station and Oakville Trafalgar Memorial Hospital. (id:51158)
1111 - 5033 Four Springs Avenue
Mississauga, Ontario
Stunning One Bedroom Plus Den about 5 years Old Suite Unit With Magnificent Panoramic Views of South West Mississauga , Open Concept ""9"" ft Ceiling, Laminate Throughout, Open Concept, Big Windows For Lots Of Natural Lights Freshly & Professionally painted with One owned Parking Spot, Owned Locker. Near Square One Shopping Centre, Hwy 401, 403, 410, Go Station, Public Transit, Restaurants, Pubs, Library, Parks. You Definitely Don't Want To Miss This Location!! **** EXTRAS **** 24 Hours Concierge (id:51158)
17 - 615 Shoreline Drive
Mississauga, Ontario
One of the only fully renovated condo townhouses in Mississauga at this price! First time home buyers and investors dream property in a fantastic location, close to Square One, Cooksville Go train station and all major highways, transit and shopping areas close by! This unit has elegant 9 foot ceilings, modernly paint and newer ceiling fixtures. Beautiful open concept layout with a nice white kitchen, stainless steel appliances and quartz countertops. Spacious bedroom with an additional office nook prefect for working at home and extra space. Lovely 4 piece upgraded bathroom with a tub. One car surface parking and very low relative condo fees! Excellent management that cares for their residents. This unit is move in ready. Nothing to do but move in and enjoy! **** EXTRAS **** All furniture could be included! (id:51158)
309 - 88 Sheppard Avenue E
Toronto, Ontario
Junior Suite Created By Luxury Minto in The Best Location Of North York Core, Willowdale East. 9 ft Ceiling, Huge Covered Terrace and Unobstructed West (Sunset) View. Brand New Laminate Floor Throughout, Freshly Painted, Modern Kitchen. Upgraded Kitchen S/S Appliances & Washer/Dryer. Amazing Amenities Including 24 Hours Concierge, Massive Gym, Rooftop Garden, Yoga/Pilates Studio & Spinning Room, Wi-Fi Lounge/Dining Club/Party Room Guest Suite. Stunning Water Garden & Outdoor Lounge W/Bbq Dining Area, Ample Visitor Parking & Much More. Steps to Sheppard-Yonge Subway, HWY 401, Shopping, Restaurants, Cafes, Grocery Store, Parks, Schools. **** EXTRAS **** Stainless Steel Fridge, Stove, Built-In Microwave/Hood. Upgraded Front Load Washer & Dryer. All Existing Light Fixtures and Window Covering. One Locker (B-244) (id:51158)
1001 - 43 Eglinton Avenue
Toronto, Ontario
Bow for the standing ovation this is your show, your moment! Youve been grinding, hustlin, taming those big bad lions day after day its time all that hard work paid off. You want your piece, so here it is, your own personal round of applause. Bouquets of roses land at your feet, you can hear the crowds whistling from the balconies beyond the white lights. This wide and fully functional floor plan is your perfect start in the beating heart of Midtown where everything you desire is a few blocks in any direction! Its a circus out there where youre climbing that ladder to the TOP. But youre the Ringmaster. Youve got this! The end of the day, now thats the main attraction a place all of your own where you can crash, catch a Netflix show, cook your favourite meal (full sized appliances & an island, yeah baby!). For the Encore, have a glass of wine with a friend on your private balcony, or walk over to Indigo and pick out a new book. Start your mornings in the sauna, hit the gym, grab a coffee on your way to the subway (3min walk). Everything is easier when youre in the center of it all. Suite #1001 This is your curtain call. **** EXTRAS **** Kitchen Island, Full Sized Appliances, Private Balcony, Gym, Sauna, HotTub, Concierge, Wide & Functional Floorplan (say goodbye to dark narrow spaces), Ensuite Laundry, 1 Locker Included, 99 Score - Walker's Paradise (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.