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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..
709 - 8 Mercer Street
Toronto, Ontario
Location! Location! Location! Open Concept Studio, 9 Foot Ceilings, 442 Sq. Ft. Plus 90 Sq. Ft Open Balcony Condo in the Heart of Entertainment District. Beautiful Studio Surrounded by World Class Dining, Restaurants and Bars. Very Close to Art Centers and Theaters. Steps to P.A.T.H. System, TTC, TIFF, CN Tower, Rogers Centre, MTCC, Ripley's Aquarium and Waterfront. Walking Distance to Business, Sports, and Shopping Centres. Close to U of T, Chinatown, CNE and Island Airport. (id:51158)
1201 - 117 Gerrard Street
Toronto, Ontario
LOW Property TAXES & Maintenance FEE That Includes ALL UTILITIES, FIBE UNLIMITED INTERNET [1.5GBs] & CABLE TV! Just Move In! A Spectacular Opportunity! Enjoy This Sun-Soaked, Stylishly Renovated, Super-Functional & Flexible West Facing Space With Large Windows & Gorgeous City Views By Day & Night. Rarely Available Unit With PARKING & LOCKER!! This Spacious Studio Comes With A Large Living/Dining Space + Solarium Can Be Used For Home Office Or Small Second Bedroom Or Nook/Retreat. Steps To Everything; Eaton Centre, Allan Gardens, Grocery Shopping, U Of T & TMU, St. Lawrence Market, The Village, Fin. Core & More. Beautiful Roof Terrace W/Hot Tub, Garden Gazebo & Bbqs, Gym, Rec Room, Visitor Prkg, 24-Hr Concierge & Secure Bike Storage. Prkg Space & Locker Can Be Rented For Extra Income! **** EXTRAS **** Brand New, Full-Sized S/S Appliances (Fridge, Stove, Microwave & Dishwasher), W&D, Brand New Motorized Roller Shades And All Existing Light Fixtures. (id:51158)
2202 - 225 Sackville Street
Toronto, Ontario
Your Chance To Own - Great Downtown Toronto Location, Fantastic Lake View In One Of The Best Condo Buildings. Building Amenities include Gym, Rooftop BBQ, Party Halls, Gaming Rooms, Meeting Spaces. Close To Ryerson University, University Of Toronto, George Brown College. Spacious Balcony With East , North And South View To See Lake Ontario, Close To All Amenities, Restaurants, Eaton Centre, RBC, Freshco, Hospital. Transit Access At The Building. Minutes To Highways. Great Balcony, Stainless Steel Appliances, Fridge, Stove, Microwave, Built In Dishwasher, Washer And Dryer. This Unit comes with a Large Storage Locker. **** EXTRAS **** Stainlss Steel Appliances, Fridge, Stove, Microwave, Built In Dishwasher, Great Balcony, Washer and Dryer. (id:51158)
15 Albright Road Unit# 614
Hamilton, Ontario
You'll be pleasantly surprised if you haven't been in this building for a while. Professionally renovated 18 months ago, Nicely renovated kitchen with quartz counters, open concept layout, plenty of cabinetry storage, island counter-breakfast bar. Great unobstructed views from large balcony. All new plumbing, flooring and light fixtures. Photos are from a year and half ago when condo was renovated. Currently tenanted but very accommodating for showings and unit will be cleaned up prior to possession. Close to Red Hill Parkway for either Toronto or Niagara directions, and transit ideal for commuters, schools, shopping, Sir Wilfred Laurier Recreation Center. Building amenities: in-ground pool, exercise room, party room, playground, visitor parking. Maintenance includes heat & water, parking, common elements. Perfect for first time home buyer. (id:51158)
1468 Barton Street E
Hamilton, Ontario
First time buyers and investors, this one’s for you! A true gem in the heart of Homeside, this sweet 2-storey century home checks all the boxes. 3 beds, 1 bath and nearly 900 sq ft across 2 floors with character inside and out that you can only find in a more mature property. Updates include lovely newer floors on the second level, updated bathroom (2020), upgraded electrical (2020), new furnace (2021), basement and house insulation renewed (2020), and freshly painted (2022). Outside you’ll find 2 full parking spaces at the rear of the property and a lovely fenced backyard for your next family bbq. Steps from the Power Centre and all the best shopping, and a 3-minute drive to Nikola Tesla and highway access and close to schools, parks and shopping, this lovely little home just needs to meet its forever family! (id:51158)
1707 - 2460 Eglinton Avenue E
Toronto, Ontario
This spacious 1+1 bedroom condo located at 2460 Eglinton Ave E, Unit 1707 offers comfort and convenience in one package.The open concept design seamlessly blends the living and dining room areas, large windows to bring in great natural light helping create an ideal space for comfortable living. Great sized kitchen that overlooks the dining area. Step inside to discover a versatile office/solarium space, perfect for work or relaxation. Enjoy the convenience of easy access to all amenities and transportation including subway, go train and buses . Whether you're commuting to work or exploring the vibrant neighbourhood, you'll appreciate the proximity to shops, restaurants, parks, and more. (id:51158)
616 - 2900 Battleford Road
Mississauga, Ontario
Attention first-time home buyers or empty nesters!! Fantastic value for a condo in Mississauga! Bright & spacious corner 680 Sqft (per MPAC) 1bed + 1bath condo in the heart of Meadowvale allows you to enjoy unobstructed views right from your very own private balcony. Open concept living & dining with updated laminate flooring, upgraded bathroom, washing machine/storage, tile flooring in kitchen and entry & home painted in a neutral decor. The kitchen backsplash and countertops updated. Updated lighting fixtures thru out and updated A/C. 1 parking + low property taxes + low condo fees! Condo fee includes heat, hydro & water!! Tons of building amenities: gym, tennis court, playground, garden area, party room, outdoor pool and sauna! Steps to a large shopping complex, public transit, restaurants, grocery stores, hwy 401 & hwy 407. Close to walking trails, lakes Aquitaine and Wabukayne for an active lifestyle. **** EXTRAS **** Fridge, stove, washer, dishwasher, all window coverings. Wall mount TV if requested in an offer. Lobby renovation completed, floor hallways being renovated starting this summer. (id:51158)
1004 - 2800 Warden Avenue
Toronto, Ontario
Welcome To St Paul's Terrace Senior Living W/24 Hour Emergency Response. This Is A Quiet Senior's Living Community. This Well Maintained 1,021 Sq Ft Unit Has A Great Floor Plan And Is South East Facing. The Unit Has Large Bright South Facing Windows That Allow Natural Light To Radiate Inside Coupled With Fantastic Views. New Quartz Kitchen Counter top, New Kitchen Sink, New Kitchen Faucet Brand New Stainless Steel Fridge, Stove, Dishwasher & Hood Fan, Refurbished Kitchen Cabinets, New Back Splash, Freshly Painted Top Quality Sherwin Williams Paint Throughout, New Bathroom Fixtures Installed Including The Shower Heads, Brand New Vinyl Plank Flooring, New 4 Inch Baseboards, New Light Fixtures, Many Recreational Programs And Activities Available, Restaurant, Fitness Room, Activity Room, Church, Hair Salon, Outdoor Garden, Reception. The Bathrooms Are Clean And Are In Great Condition. In Suite Laundry. One Conveniently Located Underground Parking Included. Lots Of Amentiies In The Area Including Parks, Shopping, Restaurants, Hospital And Much More (id:51158)
2905 - 120 Homewood Avenue
Toronto, Ontario
Enjoy the best of urban living at the Verve Condos by Tridel. This bright and spacious unit is just under 600sf and has a very functional layout. Large kitchen w/ centre island is open to the living area. Good size bedroom with lots of natural light. Enjoy the beautiful east sun from the 29th floor with unobstructed views. The resort style amenities include an impressive outdoor rooftop pool, jacuzzi, cabanas, lounge chairs and BBQs, comprehensive fitness centre, saunas, conference room, cinema viewing room, games and billiards rooms. 24/7 concierge and visitor parking. Close to the subway, restaurants, shopping. Pharmacy & Rabba Fine Foods located on ground level. 96 walk score. **** EXTRAS **** Fridge, Stove, B/I Dishwasher, Microwave/Exhaust Fan Combo, Stacked Washer+Dryer, All Electric Light Fixtures (id:51158)
706 - 2737 Keele Street
Toronto, Ontario
Great Location at a Great Price. 1 Bed/1 Bath Open Concept Kitchen with Quartz Counter Top, Backsplash & Stainless Steel Appliances. Large Bedroom with Unobstructed Views & 2 Juliette Balconies! Renovated Kitchen with Newer S/S Appliances, Updated Bathroom, New Washer/Dryer Unit and Updated Thermostat. Walking Distance To Humber River Hospital, Shopping, GO Transit Stop, Parks, Hwy 401/400, Yorkdale Mall, York University. Parking and Locker Included. **** EXTRAS **** Stainless Steel Fridge, Stove, B/I Dishwasher, Hood Fan, Washer & Dryer (Combined), Track Lighting, Dimmer Switch For Living Room, Foyer Light Has 5 Touch Mood Lighting Options. (id:51158)
607 - 340 Dixon Road
Toronto, Ontario
Spacious 3 Bedrooms, 2 Washrooms Unit + Large Balcony And Ensuite Laundry. Excellent Location.Laminate Floors And Ceramic Tiles In Kitchen & Rooms. Ideal For First-Time Home Buyers Or InvestorsWith Potential For Excellent Return. Bedrooms Are Large And Well Lit. Unit Freshly Painted In NeutralColors. Accessible To Many Highways, Go, Ttc, Schools, Parks, Grocery Stores And Much More. **** EXTRAS **** Updated Bldg With Newer Elevators, Hallway Floors And Lobby, Modern Entry Intercom System. Tenant Is Willing To Stay Should Buyer Permits. Included: Fridge, Stove And Washer. (id:51158)
405 - 60 Brian Harrison Way
Toronto, Ontario
1+1 Bedroom Condo for sale in the Luxurious Monarch Built 60 Brian Harrison Way that has 24/7 Concierge and has great amenities including an Indoor Pool, Whirlpool, Sauna, Spacious Party Room, Virtual Golf and Mini Theatre, Billiards and Card Room, Visitors Parking and Dedicated Guest Rooms. This well maintained unit is currently tenant-occupied who are willing to stay for longer term. The building is conveniently located right in the centre of Scarborough, literally steps away from STC, TTC STC station, YMCA, Service Canada, Albert Campbell Square, Scarborough Civic Centre and Library. There are lots of shopping and dining choices around the area. It also has easy access to the 401. **** EXTRAS **** One Parking and a Locker. S/S Fridge, S/S Stove, Washer and Dryer, B/I Dishwasher. All Elfs, All Window Coverings. (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.