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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..
100 Burloak Drive, Unit #2407
Burlington, Ontario
Welcome to carefree retirement living, “Hearthstone by the lake” resort style condo ownership. Spacious 1 bed plus den layout with stainless steel appliances and tastefully updated kitchen. In-suite laundry. Upgrades include full bathroom renovation with spa style glass shower with seat & safety bars, high end bidet style toilet, crown moulding throughout, automatic front door opener & freshly painted. Clubhouse fee includes 1 hour of monthly housekeeping, $250+ meal/dining credit(meals can be delivered to your room), shuttle service, onsite handyman, emergency call system, library, pool, fitness facility, dining room, games/billiards room, on-site medical, pharmacy dispensary and gorgeous outdoor courtyard. Steps to the Lake in a fantastic location. Includes underground parking spot & locker storage. (id:51158)
614 - 15 Albright Road
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)
1715 - 710 Humberwood Boulevard
Toronto, Ontario
Step Inside This Fantastic 1-Bedroom, 1-Bathroom Residence In Tridel's Mansions Of Humberwood! Featuring An Inviting Open-Concept Layout, Abundant Natural Light, And Scenic Views Of The Greenbelt Conservation And Humber River. Conveniently Located Near Schools, Shopping, Public Transit, Hospitals, And The Lively Woodbine Racetrack. Whether You're A First-Time Buyer Or An Investor, This Property Offers A Great Opportunity. (id:51158)
1201 - 15 Sewells Road
Toronto, Ontario
Rare **2 Underground Parking Spots** Absolutely Spacious And Updated Unit Featuring 2 Bedroom 1 Bath. Totally Renovated Open Concept Kitchen, Extended White Cabinetry, Backsplash And Opening To Dining/Living Rm Areas. Generously Sized Bedrooms. Renovated 4 Pc Bath, Lots Of Storage Closets, Newer Tile & Laminate Flrs T/O (No Carpet), Amazing Views From All Rooms & Balcony. Great Location - Walk To Mall, Fitness, 24 Hrs Bus Service, Library, Parks & Schools, Minutes To Hwy 401. Well Kept Building With Central Ac & Security System. 2 Underground Parking spots + 1 Locker! **Maintenance Fees Include all Utilities (Hydro, Water, Gas, Cable)** **** EXTRAS **** Walking Distance To All Amenities Such As Malls, Schools, Public Transit, Parks and Highway! Building Amenities Feature Exercise Room, Party room, Visitor parking and Security System! (id:51158)
1416 - 430 Mclevin Avenue
Toronto, Ontario
BEAUTIFUL ONE BEDROOM PLUS DEN LAMINATE FLOORS THRU-OUT WALK-IN CLOSET ENSUITE LAUNDRY ROOM NORTH WEST VIEW DEN CAN BE USED AS SECOND BEDROOM IT OVERLOOKS A PARK CLOSE TO SHOPPING SCHOOLS PLACES OF WORSHIP MEDICAL CENTRES COMMUNITY CENTRE 401 STC BUS AT DOORSTEP NEWLY RENOVATED RECREATION AND GYM FACILITIES 2 PARKINGS SPOTS CAN GENERATE EXTRA INCOME FROM RENTAL 24 HOURS GATE HOUSE SECURITY ...MAYFAIR ON THE GREEN EXCELLENT BUILDING ... **** EXTRAS **** STAINLESS STEEL FRIDGE STOVE B/I DISHWASHER ...WHITE STACKED WASHER AND DRYER (id:51158)
321 - 2351 Kennedy Road
Toronto, Ontario
Prime Location! Super Convenience Agincourt Area! Well Maintained Spacious Unit. Sun Filled Open Concept Floor Plan W/Upgraded Kitchen Including Granite Counter Top, Ceramic Backsplash and Gloss White Cabinets. Laminate Floor Throu-out. New Renovated 4 Pcs Bathroom. New Paint. Nice East View Over Look Grove & Creek. Few Steps To Agincourt Mall, Shoppers Drug Mart, Walmart, Nofrills, Banks, Ttc, Go Train & More. **** EXTRAS **** Stove, Washer & Dryer, Dishwasher, All Elfs. Rental Space Conditioner. (id:51158)
605 - 99 Donn Avenue
Hamilton, Ontario
PERFECT FOR DOWN-SIZERS OR FIRST-TIME BUYERS! Highly sought-after building, Florentine Place is impeccably maintained, with excellent amenities & is in an unbeatable location! This condo has been well kept, offering spacious 2 bedrooms, 2 baths, 1215 Sq.Ft. corner unit / escarpment and lake views. Open concept living room/dining room & oversized eat-in updated kitchen with new ceiling and pot lights, breakfast bar, quartz counter top & new cook top. In suite laundry. Primary bedroom is large & has ample closet space. Main 3 piece bathroom with an easy access walk-in shower. Gorgeous laminate floors throughout and baseboards recently installed. New heat pump and central air. The unit also has an exclusive use underground parking spot (#39) and locker (#53). Building amenities include: a fitness centre, party room, sauna, & courtyard. Located in beautiful Stoney Creek and a 5 min walk to the downtown strip. Steps to Fiesta Mall, medical centre & public transit, & minutes to highways & mountain access. Close to schools, parks, trails. Incredible value & a friendly community! No Pets No smoking buildings. (id:51158)
919 - 38 Joe Shuster Way
Toronto, Ontario
Looking for a cool neighbourhood on the edge of downtown but still residential? Desire natural light, great amenities & lower carrying cost? This is it. Future-proof clear sunset views. Private with no other units looking directly into living room! Short walk to Queen West (the Drake, etc.), great restaurants, night spots & shopping (Longos, Canadian Tire, LCBO, Metro & more). Well- run building with great property management and exceptional amenities. Building security camera just outside unit. Next to Rita Cox Park for kids, dogs, adult picnics! Streetcar 2 minutes away; easy bus ride to subway. Highway access close by. Exceptional value so get in before rates go down and prices go up. See 3D tour to explore space (look up, down, left and right anywhere in unit) and more. **** EXTRAS **** Great gym (weights & cardio) indoor pool and hot tub, games room (billiards, foosball, ping pong), guest suites, 24-hour security with 2 guards many times for package, lots of visitor parking, 3rd floor outdoor common area, bike storage. (id:51158)
218 - 60 George Butchart Drive N
Toronto, Ontario
Welcome To Mattamy's Saturday At Downsview! Extremely Functional Open Concept Layout. Enjoy This Studio Unit That Overlooks The 291 Acre Downsview Park! Modern Kitchen W/S.S. Appliances, & Quartz Counters! This Condo Also Offers A Range Of Amenities For Residents To Enjoy. Don't Miss This Opportunity To Live In The Vibrant And Thriving Downsview Park Community. Enjoy Amenities Including Full-Size Gym, Fitness Rm W/ Yoga Studio, Party Rm (Indoor/Outdoor), Bbq, Area, Pet Wash Area, And More! **** EXTRAS **** Tarion Warranty, Close To Subway, Buses/ Transit, Subway Station, Near York University And W/ Easy Hwy 401/400/407 Access. (id:51158)
110 - 111 Bristol Road E
Mississauga, Ontario
HAVE YOU BEEN LOOKING FOR SOMETHING AFFORDABLE? ARE YOU LOOKING TO DOWNSIZE? TRYING TO GET INTO THE MARKET? ARE YOU A FIRST TIME HOME BUYER? LOOK NO FURTHER! THIS PRIME LOCATION CONDO IS THE PERFECT PLACE TO CALL HOME. WITH EASY ACCESS TO MAJOR HIGHWAYS LIKE 401/403/407 AND THE UPCOMING LRT BRISTOL-HURONTARIO STOP, COMMUTING HAS NEVER BEEN EASIER. THIS CORNER UNIT, WITH A VIEW, HAS ONE OF THE MOST CONVENIENT PARKING SPOTS (LOCATED BESIDE THE STAIR-WELL), A RECENTLY RENOVATED KITCHEN (2022) WITH PRISTINE WHITE QUARTZ COUNTERTOPS, A MATCHING BACKSPLASH, AN EXTENDED BREAKFAST COUNTER, NEW BLACK STAINLESS-STEEL APPLIANCES, A DOUBLE UNDERMOUNT SINK, SOFT-CLOSE CUPBOARD DOORS & BRUSHED BRASS HARDWARE. ENJOY ADDED LUXURIES LIKE A FULL-SIZE WASHER AND DRYER AND THE INDULGENCE OF A HEATED BATHROOM FLOOR. THE LOW MAINTENANCE FEE INCLUDES BUILDING INSURANCE, WATER, POOL ACCESS, CHILDRENS PLAYGROUND, AND VISITOR PARKING. LOCATED WITHIN WALKING DISTANCE OF SUPERMARKETS, RESTAURANTS, CAFES, SHOPS, AND SCHOOLS, THIS GEM OFFERS A LIFESTYLE OF UNPARALLELED CONVENIENCE. DON'T LET THIS FANTASTIC OPPORTUNITY SLIP THROUGH YOUR FINGERS! **** EXTRAS **** Aircon Unit (2016), Furnace (2016), And Hot Water Heater (2020) Owned. (id:51158)
288 Reynolds Street
Oakville, Ontario
RARELY OFFERED OLD OAKVILLE CO-OP APARTMENT. QUIET AND CHARMING FOUR STOREY BUILDING IN PRIME WALK TO TOWN LOCATION. ACROSS FROM NEW OAKVILLE TRAFALGAR COMMUNITY CENTER. THIS ADULT LIVING BUILDING IS PERFECT FOR EMPTY NESTERS, SNOW BIRDS, DOWNSIZERS, COUPLES OR SINGLES. VERY PRETTY GROUNDS AND PERENNIAL GARDENS. THIS TWO BEDROOM UNIT IS WELL MAINTAINED BUT READY FOR YOUR DECORATING/RENOVATING. THIS IS A CO-OP NOT A CONDOMINIUM. MANAGEMENT FEE INCLUDES PROPERTY TAXES, HEAT, AND WATER. OUTSIDE EXCLUSIVE PARKING INCL IN FEE. GARAGES CAN BE RENTED WHEN THEY BECOME AVAILABLE. UNIT MUST BE OWNER OCCUPIED - CANNOT BE LEASED. YOU MAY FINANCE THROUGH DUCA CREDIT UNION WITH MINIMUM OF 30% DOWN. CATS ARE ALLOWED, DOGS ARE NOT ALLOWED. WALKING DISTANCE TO DOWNTOWN OAKVILLE SHOPS AND RESTAURANTS, GO TRANSIT AND WHOLE FOODS. (id:51158)
111 Bristol Road E, Unit #110
Mississauga, Ontario
HAVE YOU BEEN LOOKING FOR SOMETHING AFFORDABLE? ARE YOU LOOKING TO DOWNSIZE? TRYING TO GET INTO THE MARKET? ARE YOU A FIRST TIME HOME BUYER? LOOK NO FURTHER! THIS PRIME LOCATION CONDO IS THE PERFECT PLACE TO CALL HOME. WITH EASY ACCESS TO MAJOR HIGHWAYS LIKE 401/403/407 AND THE UPCOMING LRT BRISTOL-HURONTARIO STOP, COMMUTING HAS NEVER BEEN EASIER. THIS CORNER UNIT, WITH A VIEW, HAS ONE OF THE MOST CONVENIENT PARKING SPOTS (LOCATED BESIDE THE STAIR-WELL), A RECENTLY RENOVATED KITCHEN (2022) WITH PRISTINE WHITE QUARTZ COUNTERTOPS, A MATCHING BACKSPLASH, AN EXTENDED BREAKFAST COUNTER, NEW BLACK STAINLESS-STEEL APPLIANCES, A DOUBLE UNDERMOUNT SINK, SOFT-CLOSE CUPBOARD DOORS & BRUSHED BRASS HARDWARE. ENJOY ADDED LUXURIES LIKE A FULL-SIZE WASHER AND DRYER AND THE INDULGENCE OF A HEATED BATHROOM FLOOR. THE LOW MAINTENANCE FEE INCLUDES BUILDING INSURANCE, WATER, POOL ACCESS, CHILDRENS PLAYGROUND, AND VISITOR PARKING. LOCATED WITHIN WALKING DISTANCE OF SUPERMARKETS, RESTAURANTS, CAFES, SHOPS, AND SCHOOLS, THIS GEM OFFERS A LIFESTYLE OF UNPARALLELED CONVENIENCE. DON'T LET THIS FANTASTIC OPPORTUNITY SLIP THROUGH YOUR FINGERS! EXTRAS: Aircon Unit (2016), Furnace (2016), And Hot Water Heater (2020) Owned. (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.