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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..
416 - 65 East Liberty Street
Toronto, Ontario
Gorgeous updated, freshly painted and move-in ready, bright and spacious one bed/one bath condo located at beautiful King West Condos in the heart of bustling Liberty Village. Fabulous layout featuring a walk out to a balcony, New premium vinyl plank floor, modern kitchen with S/S full size appliances, granite countertops, built in shelving in Living/Dining area and custom closet organizers and owned storage locker. Enjoy premium amenities incl. a 22,000-square-foot recreational facility. This contains 25th floor rooftop lake view club and terrace, acre courtyard terraces, courtyard party lounge, Hollywood style screening room, indoor pool, hot tubs, steam rooms, yoga room, circuit training area, cardio and fitness area, games arcade, billiards room, bowling alleys, sports simulators with Wii capability and 5 guest suites. (id:51158)
23 Albany Avenue
Hamilton, Ontario
Attn: First Time Buyers!!! Immaculate. Nothing to do but move in. Recent renos include most windows 2024 doors 2023 furnace 2022 exterior paint 2022 pot lights 2021, flooring throughout and freshly painted! Past updates include kitchen, 4 piece bath, shingles Priced to sell. Close to public transit, highways and all major amenities. (id:51158)
1119 Cooke Boulevard, Unit #b625
Burlington, Ontario
This Bright, Beautiful Unit is Located on the Top Floor with Gorgeous Views of the Escarpment. Only a Couple of Years Old. This Sophisticated Condo is Located in the Desirable Aldershot Area with GO Train access right at your Doorstep. The Space Offers an Open Concept Plan and 9ft Ceilings throughout. Polished Quartz Slab Countertops in Both Kitchen and Bathroom and Stainless Steel Appliances. Amenities Include Exercise Room, Party Room, Roof Top Deck/Garden and Visitor Parking. Close to Shopping, Schools, Restaurants, Transit, Aldershot Park/Pool and Leslie Park/Marina! There is One Underground Designated Parking Space Included. Just Move In !! (id:51158)
10 Woodman Drive S, Unit #304
Hamilton, Ontario
Welcome to 10 Woodman Dr S Unit #304 in Hamilton! This charming 1-bedroom, 1-bathroom condo offers the perfect blend of comfort, convenience, and contemporary living. Step inside and be greeted by the warm ambiance of laminate and ceramic floors that extend throughout the living space. Prepare your favourite meals in the eat-in kitchen, equipped with modern appliances and ample cabinet storage. The adjacent living room is bathed in natural light, creating a welcoming atmosphere for enjoying time with friends and family. The fully renovated bathroom is a sanctuary of modern luxury, featuring a sleek walk-in shower adorned with tasteful tile work and premium fixtures, ensuring rejuvenation after a long day. Unwind and take in the views from your private open balcony, a perfect spot for morning coffee or evening cocktails. Conveniently located just minutes away from the Red Hill, commuting and exploring the city has never been easier. Additionally, nearby grocery stores and restaurants provide endless dining and entertainment options right at your doorstep. With its unbeatable location, modern amenities, and tasteful updates, this condo offers a lifestyle of comfort and convenience that is truly unparalleled. Welcome home to your urban oasis! (id:51158)
1 Jarvis Street Unit# 805
Hamilton, Ontario
Welcome to 1 Jarvis Street, your urban oasis nestled in the heart of Hamilton! This chic 2-bedroom, 2-bathroom residence boasts modern elegance and convenience. With all appliances included, from stainless steel kitchen appliances to a washer and dryer, effortless living is at your fingertips. Enjoy the ease of one designated parking spot and a storage locker for added convenience. Situated near McMaster University, this prime location offers the perfect blend of city living and campus proximity. (id:51158)
65 East Liberty Street Unit# 416
Toronto, Ontario
Newly updated and painted and move-in ready, bright and spacious one bed/one bath condo located at beautiful King West Condo’s in the heart of bustling Liberty Village. Fabulous layout featuring a walk out to a balcony, new premium vinyl plank floor, modern kitchen with S/S full size appliances, granite countertops, built in shelving in Living/Dining area and custom closet organizers and owned storage locker. Enjoy premium amenities incl. a 22,000-square-foot recreational facility. This contains 25th floor rooftop lake view club and terrace, ½ acre courtyard terraces, courtyard party lounge, Hollywood style screening room, indoor pool, hot tubs, steam rooms, yoga room, circuit training area, cardio and fitness area, games arcade, billiards room, bowling alleys, sports simulators with Wii capability and 5 guest suites. (id:51158)
9 - 34 Bow Valley Drive
Hamilton, Ontario
RAVINE LOT !!! END UNIT !!! No Neighbours at back for complete privacy. Beautiful Total 4 Bedrooms Townhouse. 3 very good-sized Bedrooms upstairs + 1 Bedroom on ground floor. Lots of Sunlight. Huge Living & Dining rooms. Renovated Kitchen. Fully fenced Private backyard. Updated Washrooms. Main floor FAMILY Room (walkout to backyard) can be used as Office/ Den or 4th bedroom **** EXTRAS **** Condo Fee includes Water Bill, Property Insurance, Roof, Windows, Garage Door, Main Door, Patio Door, Grass Cutting, Snow Removal, Driveway & Fence etc. (id:51158)
302 - 57 Mericourt Road
Hamilton, Ontario
Incredible Opportunity! Largest 2 bedroom corner unit in the complete building! Great investment, or perfect for working professionals! Condo fee includes everything except hydro - easy living here!Amazing Location, Minutes To Mac, Downtown Dundas And Old Ancaster. Bus Stop Right In Front Of Building. Walking Distance To Fortinos Plaza And Local Restaurants. Renovated Unit, Perfect For First Time Home Buyer, Rental Unit Or Downsizing. Fantastic layout featuring a welcoming foyer, a formal dining room, a generously sized living room space perfect for a home office set-up and relaxing with friends, large bedrooms with closets. Seeing is believing! (id:51158)
1309 - 30 Samuel Wood Way S
Toronto, Ontario
Absolutely breathtaking! Discover the allure of KIP District 2 with this fantastic new listing! Perfectly located just a short walk from Kipling Subway/GO Station and minutes from major highways(427, QEW, Gardiner, 401), Quick and easy access to downtown Toronto and the airport. This sought-after open concept unit features high ceilings, private balcony with a breathtaking view of the skyline, and the convenience of ensuite laundry equipped with a full-sized front loading washer and dryer. The kitchen boasts sleek, flat-panel cabinetry with soft-close doors and drawers, complemented by a quartz countertop and a stylish matching backsplash, alongside an undermount stainless steel sink. The bathroom is outfitted with a marble countertop sink and a high-efficiency toilet. With stainless steel appliances and a prime location, this unit presents an excellent investment for rental or is ready for immediate move-in. **** EXTRAS **** Gym, Party Room, Bike Lockers, Guest Suite, Pet Washing Room, Workshop and Bike Repair room, Rooftop Terrace, Residents Lounge (id:51158)
1003 - 100 Lotherton Pathway
Toronto, Ontario
Envision a condo apartment nestled in a vibrant community where convenience meets potential. This property stands in close proximity to an array of amenities, including seamless public transit options and a future Eglinton LRT system enhancing connectivity. The presence of both Catholic and public schools caters to educational needs, while a community garden offers a touch of greenery and a South East exposure balcony for relaxation. Although the condo requires renovations, it presents a golden opportunity for handymen looking to add a personal touch or investors seeking to capitalize on the property's inherent value. With strategic upgrades, this condo could transform into a lucrative investment with a significant return on investment. Property sold as is. **** EXTRAS **** Lock box for easy viewing (id:51158)
413 - 10 De Boers Drive
Toronto, Ontario
A must see bright & spacious unit with 1 bedroom + media and 1 Full bathroom. Large windows, 9 ceilings, stainless steel appliances. Large open concept kitchen flowing into dining and family room. Great building amenities, like; concierge, gym, party room, outdoor dining w/ cabana, rooftop lounge, Very pet-friendly building w/pet relief garden & washing station. Steps to Downsview Park, Sheppard West Subway & access hwy 401/Allen Rd. (id:51158)
803 - 2542 Argyle Road
Mississauga, Ontario
Large & Bright Condo Overlooking a Park Setting very well-maintained building with a long history of Good Management. One and half bathroom 1190 SQFT condo with 65 cents/feet maintenance with all utilities included, tennis court, outdoor pool, gym, library, party/meeting room. Bult in Wall AC unit. **** EXTRAS **** Large Lowered Balcony Close to Shops, Go, Public Transport, Hospital, Park, school. (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.