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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..
815 - 407 Dundas Street W
Oakville, Ontario
Introducing district Trailside West. Oakville's newest condominium development! Step into this lower penthouse boasting 2 bedrooms, 2 bathrooms, and stunning upgrades complemented by partial lake views. Indulge in the opulent kitchen featuring quartz countertops, a designer backsplash and stainless steel appliances. Nestled in the prestigious district enclave, this stylish unit exudes sophistication with 24-hour concierge service and top-tier amenities. Embrace the convenience of nearby shiopping centres,, dining establishments, the sixteen mile sports complex, Lions Valley Parks, and scenice nature trails. With close proximity to the hospital and easy access to the QEW, 403, and 407, this residence offers unparalled accessibility.NOT AN ASSIGNMENT SALE **** EXTRAS **** SS refrigerator, SS stove, SS dishwasher, laundry (id:51158)
1122 - 31 Tippett Road
Toronto, Ontario
Beautiful two-bedroom condo featuring a south-facing view and two full bathrooms, providing ample living space. Enjoy an open concept kitchen with a quartz island, freshly painted walls, laminate floors, and stainless steel appliances. Conveniently located steps away from public transit, Wilson subway station, TTC, and the nearby Yorktown mall and Hwy 401. Building amenities include an outdoor pool and BBQ area, gym, guest suites, kids playroom, pet spa, and much more. (id:51158)
2311 - 115 Blue Jays Way
Toronto, Ontario
Functional layout studio unit in the heart of Downtown Toronto. Floor to ceiling windows, Steps to Entertainment District, CN Tower. Top of the line amenities in building. Convenient access to transit. Perfect for first time home buyer or investor. Come see it before its gone!! Book a showing today. **** EXTRAS **** projector to create your home threatre with just one blinds down (id:51158)
1915 - 36 Lee Centre Drive
Toronto, Ontario
Welcome to this absolutely stunning, move-in-ready one bed plus den condo in the prestigious Ellipse Towers. This unit's great floor plan ensures maximum use of space with ample natural light in the living room & primary bedroom, great kitchen, large bathroom, sizable den to be used as a home office and stage-of-the-art building amenities. Beautiful laminate floors throughout, spacious layout, ample natural light, customized built in closets. The sunsets from this north-facing unit are impeccable. Great access to Hwy 401, Scarborough town center, kids park, public transit and more. **** EXTRAS **** Comes with a large storage locker & parking spot. Amazing sunsets from the north-facing windows. Low maintenance fees. (id:51158)
316 - 22 Leader Lane
Toronto, Ontario
Enjoy Luxury Living At Its Finest At The King Edward Private Residences. The Perfect Blend Of Hotel Living & Home Ownership All Wrapped Into One! Perfect For First Time Home Buyers & Investors! Located In The Historic King Edward Hotel, This 1 Bedroom 1 Bathroom Suite Features An Open Concept Functional Layout, Updated Kitchen With Granite Counters & Integrated Appliances, Spacious Bedroom With Double Door Closet, A Large 4pc Bathroom & Ensuite Laundry. Fantastic Location Steps to Transit, King Street, St Lawrence Market, Restaurants, Shopping & Everything Else That Downtown Living Has To Offer! **** EXTRAS **** Access to Hotel Amenities Including: Access to Royal Club, Gym, Mokara Spa, Meeting Rooms, Restaurants, Room Service & Housekeeping Services. Unit Was Previously Leased for $2400/Month + Utilities (id:51158)
112 - 57 Mericourt Road
Hamilton, Ontario
Discover this exceptionally bright and beautiful apartment situated in an incredibly convenient location! Walking Distance from McMaster Hospital And University, Fortinos Shopping Plaza, And A Variety Of Restaurants Within Walking Distance. Bus stop at door step. A fantastic opportunity awaits home buyers with the added perk of remarkably low property taxes. Enjoy an unobstructed view from this well-kept space, complemented by new Zebra blinds. . This condo is not only move-in ready but also conveniently located near shopping centers, schools and Transit. Don't let this opportunity pass you by - schedule a viewing today!"" **** EXTRAS **** Fridge And Stove, Window Coverings And All Elf's (id:51158)
2210 - 15 Queen Street
Hamilton, Ontario
Welcome to a luxury lifestyle In 1 Bedroom 1 Bath Unit At Platinum Condos Located In Prime Downtown Hamilton Location On The Edge Of Hess Village. Walking Distance To Go Station, Jackson Square, Restaurants, Grocery, Bus Or Drive To McMaster University & Mohawk College. The Unit HAS Open Concept Layout, Quartz Countertop, Kitchen Backsplash. Just Minutes To Hwy 403 Into Toronto. **** EXTRAS **** Retail, Gym, Yoga Deck, Party Room & Outdoor Terrace. (id:51158)
1204 - 1968 Main Street W
Hamilton, Ontario
So much potential! Discover your next investment or renovation project at Forest Glen Condominiums! This 1090SF, 3 bedroom, 2 bathroom with 1 parking and 1 locker. The condo offers immense potential, perfectly positioned a short drive from McMaster Campus, Hospital, Mohawk College, highways, shopping, and dining. Just steps from the Go Station and the lush Dundas Ravine, outdoor enthusiasts will revel in trail adventures right at their doorstep. The open concept living/dining area features a potential office space, a private balcony showcasing amazing escarpment views, complemented by original charming parquet floors in all bedrooms. The primary suite boasts a 2-piece ensuite and walk-in closet, alongside two additional bedrooms, a 4-piece bathroom, and a large storage/laundry room. Enjoy updated stainless steel appliances and building amenities including a newly renovated indoor salt-water pool, sauna, party room, games room, craft room, hobby room, laundry room, private picnic area with BBQ & more. New glass balconies completed May 2024 and the windows replaced approx. 10-15 years ago. Unit includes locker and underground parking. The condo fee covers heat, water, parking, and maintenance, ensuring a hassle-free lifestyle. Unlock the potential of this hidden gem! (id:51158)
534 Hughson Street N
Hamilton, Ontario
RSA & IRREG. Very unique (Built 1892) 2 stry Coach house approx 1320 sq ft on 2 levels of living space. 2 ft wide rock foundation by looking at the lower level windows. New roof and striped 2022. New gas f/air furnace 2021. Located at the edge of yacht marina and near water, scenic, trails etc. Lots of potential, low property taxes and affordable living. Great for investment or personal use. Sold as is. Kitchen as is w/roughed in plumbing. Buyer can bring home inspector prior to submitting offer. (id:51158)
8 Merchison Avenue
Hamilton, Ontario
2+1 Bedrooms, excellent North East location walking distance to major shopping mall, transit, QEW access. Clean move in condition, fully finished basement. Many upgraded features. Estate sale. Include probate clause, deposit is bank draft or EFT, 36 hours irrevocable on offers, must be seen! (id:51158)
A418 - 1117 Cooke Boulevard
Burlington, Ontario
Close To 403/Qew/407, Walk To Go Train, Shopping, Schools,Parks.3 Year Old Condo, Spacious 1 Bdrm ,1 Bath, Beaming W/Natural Light From The Floor To Ceiling Large Windows. In Suite Laundry. O/C Kitchen W/Quartz Counters, Tile Backsplash, Contemporary Cabinets. Amenities Include Concierge, Fitness Centre, Party Rm W/Fireplace Lounge, Kitchen, Private Outdoor Terrace, Lounge Areas, U/G Parking .Close To Lake, Lasalle Park, Golf Club **** EXTRAS **** Stainless Steel Appliances, Clothes Washer And Clothes Dryer, All Elf's (id:51158)
2309 - 340 Dixon Road
Toronto, Ontario
Stunning Penthouse in High Demand Area, Total 998 Sqft , Don't Miss out. Tones Upgrate, Large Balcony With An Amazing View, Laminate Floors through-out, Great Size Living Room Combined with Dining Room. Separate Kitchen Area, S/S Appliances Backsplash And Laundry With Storage Space. Bright And Spacious 2 Bedroom,Reasonable Maintenance Fee. Close To Schools,Parks, Airport & Hwys 401 & 427. Great Amenities included Gym, Sauna, Pool, Tennis Court, Party/Meeting Room And More. (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.