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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..
734 Wilson Avenue
Toronto, Ontario
Unique Opportunity to Own a Recently Built Luxury Hair Salon, Very Busy location with 10+ years of established high-end cliental w/ high traffic walk-ins. (4 + 5) lease, $3,000.00 TMI and HST Inlcd. Fully equipped with quality chattels & fixtures, turn key set up operation. 9 Hair Chairs, 1 Dryer, 4 Wash Stations, kitchen, 2 Washrooms, etc. Huge Basement 80% finished. Restaurant use and/or Quick Serve are also welcome. Close to Yorkdale Shopping Centre and Major Hwy. Not to be missed! **** EXTRAS **** 9 Hair Chairs, 1 Dryer, 4 Wash Stations, kitchen, 2 Washrooms, etc. Huge Basement 80% finished. (id:51158)
204 - 16 Brookers Lane
Toronto, Ontario
Location! Location!! Location!!! Luxurious Monarch Built 'Nautilus' Etobicoke Waterfront Condominium! Fabulous Lake View From A Huge Terrace. Minutes To Downtown Core and Both Toronto Airports. Spacious Studio With Lots of Storage, Good Sized Bath and Full Size Washer/Dryer. Great Living ,Leasing or AirBnB. Luxurious Lobby and Amenities Included Indoor Pool, Rooftop BBBQ & Garden. Sauna, Billiards, Movie Room, Reading Lounge, Private Dining Party Room W/Fully Equipped Kitchen and Guest Suites. Steps to Lake, Waterfront Trails, Parks, Bike Paths and TTC * 24 Hr Rabba Supermarket , Tim Hortons and More Right In The Building. Don't Miss This One ! **** EXTRAS **** S/S (Fridge, Stove And Microwave, B/I Dishwasher), Full Sized Washer And Dryer. All Electrical Light Fixtures . One Locker Included. (id:51158)
249 Augusta Avenue
Toronto, Ontario
Fully Equipped And Well-Maintained Quick Service Restaurant Located In The Prime Area Of Kensington Market, One Of The Most Iconic Neighborhoods In Toronto. This Location Boasts Incredibly High Foot Traffic. You Have The Option To Continue With The Current Successful Turnkey Operation Or To Introduce Your Own Unique Concept. The Space Includes A 900 Sqft Main Floor Plus A Full-Size Basement, Accommodating 30 Seats Indoors And Over 15 On The Inviting Patio. Features Include Two Full Washrooms, A Fully Functional Kitchen, And A Walk-In Cooler And Freezer. This Is A Fantastic Opportunity With Significant Growth Potential. Seize The Chance To Be At The Heart Of The Pedestrian Sundays Festival, Maximizing Earnings During Kensington Market's Peak Season. **** EXTRAS **** Lease Term till March 31, 2027 with option to renew 5+5 years. Rent is $7,500/ Month+ Tmi+ Hst (id:51158)
605 - 15 Torrance Road
Toronto, Ontario
Beautiful 2 Bedroom Condo Unit, Upgraded Kitchen with 2 Quartz Countertops. Excellent Location, TTC in front of the building. Steps to Go Station, Facing South with a Nice Balcony. Well-maintained building with Wheelchair Access. All Utilities are Included with One Parking Space. Hurry this Beautiful Unit Sure Won't Last that Long in The Market. Grab it before it's Gone. **** EXTRAS **** Fridge, Stove, Washer, Dryer & All Elfs (id:51158)
2539 - 125 Omni Drive
Toronto, Ontario
Location Location. Welcome to Tridel Forest Mansion. This bright and spacious one bedroom condo has 24 hr gatehouse security and is steps to Ttc rapid transit Scarborough Town Centre, library, & restaurants. Close to Hwy 401, schools, parks. Open concept condo with hardwood floor in living & dining room. This beautiful building has recently updated common areas with tons of amenities including indoor pool, gym, billiards lounge, games room, party room and more (id:51158)
Food C - 1265 Military Trail
Toronto, Ontario
Introducing an established Hero Certified Burgers franchise business available for sale on the Toronto University Scarborough Campus, located in the food court. This ready-to-go opportunity presents an open-concept layout that offers a diverse range of fast food options all in one place. The store features prominent exposure, and significant traffic, situated within a bustling university campus. Perfect for newcomers to the industry or as a complement to an existing venture. Inventory is sold separately. The property includes a lengthy lease with a renewal option and training. Gross Sales for 2023 are close to $468,000. (id:51158)
3 - 6015 Steeles Avenue E
Toronto, Ontario
Introducing an Established Hero Certified Burgers Franchise Business Available for Sale in a Prime Location. This ready-to-go opportunity presents an open-concept layout that offers a diverse range of fast food options all in one place. The store features prominent signage, exposure, and significant foot traffic, situated within a bustling area surrounded by both residential and commercial properties. perfect for newcomers to the industry or as a complement to an existing venture, the site includes a retail space, kitchen, and restroom. Inventory is sold separately. The property includes a lengthy lease with a renewal option and training. Gross sales for 2023 exceed $530,000.00 (id:51158)
1601 - 5 Massey Square
Toronto, Ontario
Recently renovated - Kitchen, Bathroom, Light Fixtures, Flooring, Closet Doors, Balcony bird-prevention netting! GREAT value Toronto condo, right on the Bloor-Danforth subway line! Surrounded by beautiful green space: condo courtyard with lawns, large Dentonia Park to the south, nature walk & bike path Taylor Creek to the north. Stunning sunset view. Very well run condo management, with 24/7 concierge and security in the building! Condo corp spends wisely, always upgrading the property. Plumbing rough-in for incoming water to provide for either dishwasher or washing machine - drainage plumbing still required. **** EXTRAS **** 5 min walk to TTC subway station via covered pedestrian bridge! Dentonia Park & Taylor Creek for adjacent green space walking & cycling Major grocery stores & Shoppers World a mere 10 min walk. Very low cost rental for Parking & Locker (id:51158)
602 - 88 Charles Street E
Toronto, Ontario
The Historic Waldorf Astoria Building Offers Boutique Style Living In One Of The Most Sought After Locations In Toronto. Just Mere Steps To Yorkville, University Of Toronto And Ryerson, Subway, TTC, Younge & Bloor! 99 Walk Score! Low Maintenance Fee Includes All Utilities. Roof Top Patio With Bbq, Exercise Room And Sauna. Spacious Practical Open Concept Layout With Full Size Washroom, Separate Kitchen Area. Great Value! Great Find! **** EXTRAS **** Fridge, Stove, Washer & Dryer. (id:51158)
895 Bay Street
Toronto, Ontario
Location! Location! Location! Prime Downtown Toronto. Turn Key Opportunity With Great Potential For A Full-Time Owner/Operator In Famous Down Town Bay Street Highrise Condo Area, Just Minutes Steps To U Of T, Surrounded By High-Rise Condos And Office Buildings. Lots Of Customers. Perfect Opportunity For New Business. Close To Wellesley Station. **** EXTRAS **** Rent $6008/ Monthly ( Include Tmi , Hst, Water & Garbage Removal), Lease Term Till Feb 20, 2028. (id:51158)
214 - 660 Eglinton Avenue
Toronto, Ontario
Forest Hill Great Value For 1 Bedroom With Parking(Tandem Spot),Spacious One Bedroom Suite with Great layout In A Well Maintained Building. Move In ready , Updated Throughout, No Carpet, Freshly painted throughout. Bus Stops Located In Front Of Building & Eglinton Crosstown Lrt Means The Whole City Is At Your Doorstep. **** EXTRAS **** Maintenance Fees Are All Inclusive Except Hydro , And Include Your Property Tax! (id:51158)
612 - 600 Sherbourne Street
Toronto, Ontario
Great location at Bloor / Sherborne in Rosedale Medical Center. As is where is. Renovate to make your own. Recently updated building. Condo Office Space just across from Sherbourne Subway Station, Ample Surface Parking, Perfect For All Types Of Offices/Clinics: Medical, Dental, or other Professional Offices. **** EXTRAS **** UNIT 5, LEVEL 6, YORK CONDOMINIUM PLAN NO. 194 ; LTS 1 TO 7 INCLUSIVE PL 141-E; PT LT 12 PL 132-A, PTS 1 & 2 66R3234, AS IN SCHEDULE 'A' OF DECLARATION B455013 ; TORONTO , CITY OF TORONTO (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.