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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 Street
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)
1128 - 629 King Street W
Toronto, Ontario
THOMPSON RESIDENCES*NORTH FACING WITH BALCONY*PROFESSIONALLY PAINTED AND CLEANED*9FT EXPOSED CONCRETE CEILINGS*S/S APPLIANCES*UNOBSTRUCTED VIEW OF DOWNTOWN*UNDERGROUND LOCKER INCLUDED*ROOFTOP POOL*HYDRO NOT INCLUDED*FLOOR TO CEILING WINDOWS*CLOSE TO TTC/ENTERTAINMENT DISTRICT/ HWY* **** EXTRAS **** FRIDGE,STOVE,B/I DISHWASHER,WASHER,DRYER, ALL ELF'S (id:51158)
12 - 15 Nicklaus Drive
Hamilton, Ontario
Step into luxury with this recently renovated, expansive 4-bedroom, 1.5-bathroom residence spanning two levels. Enjoy the townhouse ambiance w/a private entrance leading to the main floor, featuring an open-concept living-dining area and kitchen. Upstairs, discover generously sized bedrooms, including a master bedroom with a 2-piece ensuite and walk-in closet. Boasting over 1700 sqft, this home surpasses the size of many houses, providing ample space for comfortable living. Additional storage is available in-suite, complemented by an assigned locker within the building. Residents benefit from a range of amenities, including an inground outdoor pool, children's play structures, a party room, and an exercise room.Conveniently located with easy highway access, this residence is surrounded by hiking trails, parks, grocery stores, restaurants, schools, and shops. **** EXTRAS **** The condo fees cover essential utilities such as heat, water, internet, cable, and parking, making it a comprehensive and hassle-free living experience. (id:51158)
405 - 121 King Street E
Hamilton, Ontario
Location location! Experience trendy housing in downtown Hamilton with this unique, modern and spacious one bedroom loft style unit in the historic Gore Park Lofts. Locker included. Steps from the prospect LRT, McMaster campus, city hall, art gallery of Hamilton and GO transit. **** EXTRAS **** Quartz countertops in kitchen & bathroom. (id:51158)
198 Mary Street
Hamilton, Ontario
This Semi-Detached Bungalow is cute as a button and located in the popular Beasley Neighbourhood.With 2 Bedrooms, 1 Washroom the home features high ceilings in the Living Rm and Primary Bedroom and great curb appeal. Refreshed in the past year with newer paint, light fixtures, outlets, switches, plumbing, kitchen cabinets and appliances. Front Porch is a great spot to watch the world go by. The back yard features a ton of possibility with a large detached garage backing onto a laneway (is building a laneway home in your future?) There are possibilities here! **** EXTRAS **** HOME NOT CURRENTLY STAGED. Street parking. Large Dirt Floored Garage facing Back lane. (id:51158)
104 - 620 Sauve Street
Milton, Ontario
Welcome to this amazing main floor 1 bed, 1 bath unit! This east-facing unit features 9 footceilings, laminate flooring throughout, granite countertops, tile backsplash, 4 piece washroom, anda great layout. Perfect for a couple or a bachelor. Includes 1 parking spot which is steps from theterrace, and 1 locker! Close to transit, shops, restaurants, 401, and schools. (id:51158)
405 - 2615 Keele Street
Toronto, Ontario
Keele & 401 Condo Unit Well Constructed Low Rise Complex, In Sought-After Neighborhood. Pass-Code Protected Property With 24 Hr Security Surveillance. 1 Bdrm Suite, Immaculate & Spacious. Hardwood & Porcelain Floors, Granite Counter Top, Crown Moulding, Pot Lights. Near Humber River Hospital, York University, Schools, Library, Medical Offices, Shopping Plaza, Wilson Subway Station, Yorkdale, Restaurants, Ttc Bus Stop Front Of Bldg. (id:51158)
710 - 8 Silverbell Grove
Toronto, Ontario
Beautiful bright 1 + 1 bed 2 bath corner unit in Toronto's east end; close to 401, shopping, schools and centennial college. The den/solarium is a separate room which can be used as a 2nd bedroom, hobby room, home office, meditation/yoga space and other possibilities! Features modern renovations, an open concept layout and an unobstructed south east view of green space and lake Ontario in distance. The large windows bring in natural light and warmth throughout most of the day. A safe move-in ready home in a well maintained building! Your opportunity to own in Toronto! (id:51158)
1101 - 350 Alton Towers Circle
Toronto, Ontario
2 Bedrooms 2 Bathrooms. Balcony Access From Living Room. Condo Fee Includes Internet, Cable Tv. Located In Highly Demanded Area! Close To Supermarket, Banks, Restaurants & Convenience Stores, Schools, Park, Library & Community Centre. 24 Hr Security & Gatehouse, Gym, Pool Etc. **** EXTRAS **** AS-IS: Fridge, Stove, Dishwasher, Washer And Dryer, Electrical Light Fixtures, All Window Coverings (id:51158)
1001 - 8 Tippett Road
Toronto, Ontario
Excellent Opportunity For Investment and/or Personal Living. One Locker, Laundry On Suite. Access Close Walk to Wilson Subway Station & TTC Wilson Buses Hub . Close To All Amenities ; Yorkdale Mall, Costco, Restaurants, Highway. Brand New Building, Great Amenities, Concierge, Pet Spa - Gym , Party room, Rec Room, Guest Suite, BBQ Courtyard, Wifi Lounge Room , Kids Play Room & Splash Pad. Brand New Appliances. (id:51158)
2408 - 100 Harbour Street
Toronto, Ontario
Luxurious Harbour Plaza Residence By Menkes. Bright, Open Concept Studio With Gorgeous Lakeview. Be In The Heart Of Downtown Toronto. Direct Access To The PATH, Union Station, Close To Highway, Steps To Grocery Store, Great Facilities, Billiards, Media And 24 Hr Concierge. Images are from when unit was Vacant. **** EXTRAS **** B/I Fridge & Dishwasher, Flat Top Stove, Microwave, Stacked Washer & Dryer, Window Coverings. (id:51158)
2210 - 40 Homewood Avenue
Toronto, Ontario
Downtown living on a quiet street with a million-dollar view. It does not get much better. A stone's throw from anything and everything. This gorgeous updated condo is ideal for the first-time buyer or savvy investor. The floor-to-ceiling windows with beautiful sunrise views of the city and lake will take your breath away. Sit out on your oversized balcony to watch the sunrise or enjoy the ample space with friends. Walk out your front door and feel like you're in a small community but be so close to the hustle and bustle of the city. Maintenance fees cover all including cable. A great opportunity to take advantage of a great condo priced to move with amazing views. Walking distance to Ryerson and U of T. Great amenities including, sauna and indoor pool **** EXTRAS **** Fridge, stove, microwave/hood fan, electric light fixtures, ac window unit, large locker. Parking easily available for $100 month. (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.