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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..

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For sale $399,900

#305 -23 Main St

Hamilton, Ontario

2 Bedroom 1 Bathroom

This is the perfect opportunity for that first time buyer looking to be in the heart of downtown Dundas. As a 2 bedroom, 1 bath apartment style condo, it boasts mere steps to all the amenities this coveted town has to offer, such as shops, restaurants, library, public transit, conservation trails, groceries, and so much more. Also enjoy the quick 5 minute drive to McMaster University. This bright space includes an open concept living and dining room, 4-piece bath, quaint kitchen, and a recently renovated open balcony. The building has a security system with intercom, coin operated laundry facilities, and the unit comes with an exclusive underground parking space (#26) and storage locker. Having been freshly painted with recently replaced flooring, there is nothing to do but move in and enjoy! RSA (id:51158)
Homes for sale in Hamilton

For sale $429,900

#306 -15 Torrance Rd

Toronto, Ontario

2 Bedroom 1 Bathroom

Fully upgraded with laminate/ceramic floors, granite counter top. Excellent view. Everything included, ensuite laundry, close to TTC. New windows and door, large balcony with unobstructed view. Spacious, approximate 900sqft. 1 parking included. Ensuite storage locker, separate den. Walking distance to Go train, schools, stores and public transportation. Enjoy a very beautiful condo in the city of Toronto. (id:51158)
Homes for sale in Toronto

For sale $359,900

#206 -4060 Lawrence Ave E

Toronto, Ontario

2 Bedroom 3 Bathroom

This two level two bedroom suite was renovated in 2018, the current family has lovingly cared for it since. The suite has just been professionally painted throughout & new light fixtures have been added. The main floor offers an open concept living and dining room with a walk out to the large balcony. There is lots of ensuite storage, a large linen closet, all newer windows throughout and parking and locker are both included. **** EXTRAS **** Fridge, stove, exhaust fan, washer Dryer, new light fixtures, maintenance fees include cable and internet. (id:51158)
Homes for sale in Toronto

For sale $410,000

#806 -1470 Midland Ave

Toronto, Ontario

1 Bedroom 1 Bathroom

Functional upgrades make this unit feel extra spacious. Lovely one bedroom condo with an excellent layout, including west facing views. Includes an extra private room with glass sliding door that can be used as a den, office or quiet room. Kitchen includes a fridge, stove and dishwasher and overlooks the living room. There is a stackable washer dryer off the kitchen. Separate dining room includes an over-sized mirrored closet for lots of storage. The bathroom includes a jacuzzi bath tub and shower. There is an over-sized bedroom with mirrored closet. Includes one garage parking spot. Excellent building amenities including concierge, indoor pool, security, games room, gym, and more. Close proximity to places of worship, shopping, schools and transit. You do not want to miss this one. (id:51158)
Homes for sale in Toronto

For sale $448,888

#812 -170 Fort York Blvd

Toronto, Ontario

2 Bedroom 1 Bathroom

Welcome to this exceptional 1+1 bedroom unit that combines modern elegance with unbeatable convenience. Located at Bathurst & Fort York, mins away from the future Ontario Line, lake Ontario and downtown core. Floor-to-ceiling windows in the master bedroom, living room, and dining room with natural light, providing unobstructed views of the surrounding cityscape. Unit features 9-foot ceilings throughout the entire unit and the den can easily serve as a second bedroom or a home office, private balcony with views of Lake Ontario. Modern kitchen boasts granite counters and a upgraded backsplash. Amenities include party rooms, meeting spaces, a media room, an outdoor terrace, a gym, a sauna, a boardroom, a lounge, and guest suites. **** EXTRAS **** S/S Fridge, Stove, B/I Dishwasher, Kitchen Exhaust Fan, Stacked Washer & Dryer (id:51158)
Homes for sale in Toronto

For sale $499,998

#502 -8 Tippett Rd

Toronto, Ontario

2 Bedroom 1 Bathroom

This stunning 1+Den Condo with (2) Two side-by-side parking spots features a captivating north-facing view and a clever layout that maximizes space. It includes a roomy den perfect for a home office or guest area, and a large primary bedroom. Enjoy the vast living and dining area with seamless access to an expansive balcony, enhancing the open feel. Finished with sleek laminate flooring, it also boasts a large laundry room for extra storage. The property comes with (2) two side-by-side parking spots, a storage locker, and 2 bike storage. Amenities include a WiFi lounge, party room, gym, BBQ area, kids' room, and splash pad. Located directly opposite Wilson Subway Station, it's just minutes from Yorkdale, the 401, and numerous amenities like Costco and Home Depot. A perfect blend of convenience and style! **** EXTRAS **** Standout feature **2 premium indoor parking. Keep one and rent the other out $$$. Direct TTC subwayYellow Line access at Wilson Station. Located at Clanton Park, near the 401 and Yorkdale Shopping Center. (id:51158)
Homes for sale in Toronto

For sale $459,800

#911 -55 Regent Park Blvd

Toronto, Ontario

1 Bathroom

Fantastic opportunity to own this Studio Suite that has it all! living in comfort at an affordable price, Excellent opportunity for first time home buyers or young professionals. Contemporary and functional layout, Spectacular unobstructed views from your private balcony, Walking distance to shops, Soccer fields, Aquatic Centre, Distillery, easy access to downtown, DVP (Don Valley Parkway) , Transit, Restaurants, Supermarket, Tim Hortons, George Brown College and so much more! Amazing Amenities with Basketball and Squash courts, 24 Concierge, visitor parking Experience the great vibes in this fast and growing community. **** EXTRAS **** Stainless Steel Fridge, cooktop stove and oven, Washer and Dryer, Dishwasher (id:51158)
Homes for sale in Toronto

For sale $489,900

#23a -1550 Garth St

Hamilton, Ontario

3 Bedroom 2 Bathroom

Fabulous opportunity for investors & first time home buyers. This 3 bed, 2 bath townhome offers a spacious main floor complete with a 2 piece bathroom; eat-in kitchen; dining room & large living room with sliders leading out to the fully fenced, private backyard that opens up to a large green space. The second floor provides a 4 piece bath, large primary bedroom & 2 additional bedrooms. A family room, unfinished laundry/utility room & access to the garage are found in the partially finished basement. This complex is located on a quiet, private laneway off of the main street & has a private asphalt-paved driveway plus 1 car garage. Conveniently located close to highway access, public transit, amenities, hospital, schools (including Mohawk College) & parks. (id:51158)
Homes for sale in Hamilton

For sale $379,900

1123 Cannon St E

Hamilton, Ontario

2 Bedroom 1 Bathroom

This cute little house with a boho vibe is a true gem that will capture your heart. The location is perfect for city dwellers, and those seeking a turn-key lifestyle, just lock up and go. Step inside and be greeted by a renovated white kitchen that is both trendy and functional. Boasting modern appliances, and maximizing space, it's a pleasure to cook and entertain in. Whether you're experimenting with new recipes or hosting friends and family, this kitchen is sure to impress. The generous living room with bright windows is perfect for movies and game nights, or curling up with a good book.The two bedrooms in this home are surprisingly spacious, offering plenty of room for relaxation and personalization. They provide a cozy retreat, allowing you to rest and recharge in comfort. The bathroom has also been tastefully renovated making this home truly move-in ready. Don't miss the opportunity to make this charming starter home your haven. With its central location in the Crown Point neighbourhood, you're a stroll away from Gage Park, and coming LRT stop, and conveniently close to Bernie Morelli Recreation Centre and Tim Hortons Field. Everything you need at your doorstep, in one value-packed semi-detached home.Schedule a viewing today and experience the unique charm. (id:51158)
Homes for sale in Hamilton

For sale $499,000

#1909 -21 Overlea Blvd

Toronto, Ontario

2 Bedroom 1 Bathroom

One of the nicest condo buildings in the area! Completely & tastefully renovated building with new and inviting lobby, concierge desk, seating area, shiny elevators, smart phone capable intercom system, new hallways, squash court, fully equipped exercise & weights room, party room, bbq area with 2 bbq grills, sauna ,whirlpool, & more! On offer is a bright & spacious CORNER 2 bedroom unit on high floor offering beautiful south and east horizon views! Large windows everywhere, you can even see the lake! Recently updated kitchen with solid counters, under-mount sink, stainless steel appliances, shaker style kitchen cabinets, sink faucet. Renovated bathroom with modern vanity, under-mount oval sink, 12x24 floor & wall tiles. Huge open plan dining & living room offers plenty of space for entertaining. Primary bedroom easily fits king size bed & office desk. Enjoy superb convenience in this neighbourhood, take a short walk to Costco, East York shopping centre, Food Basics, Tim Hortons, Mosque, Multiple Parks and trails, Tennis Club, TTC bus stop, banks, medical centre, & more! Being planned for construction next door is the new Thorncliffe Park subway station, as part of the new Ontario Transit Line, which provides residents with quick & affordable transportation to downtown Toronto. Huge potential for more residential and commercial investments coming into the area, which could increase property values in the years to come! Don't miss! **** EXTRAS **** Well managed building! Large enclosed outdoor field for residents to use as their own back yard! Free wifi in the building! (id:51158)
Homes for sale in Toronto

For sale $498,000

#332 -161 Roehampton Ave

Toronto, Ontario

1 Bedroom 1 Bathroom

Stunning Condo for a Single Person or Couple. Shows like a Model Suite, Large Balcony, Eat In Kitchen With Centre Island, 4 pc Renovated Bathroom With Soaker Tub & Pot Lights, Ensuite Laundry, Primary Bedrm Open Concept with Closet, Picture Window, Work at Home Area, High Ceilings, Walk to TTC, Yonge & Eglinton with Fine Dining & Shops, Wonderful Amenities- Gym, Dog Spa, Pool, Party Room, Yoga Studio, 24 Hour Concierge and Much more. Come and Enjoy this Special Suite. April 10/24 statement for heat, hydro & water $ 110.39 See attached bill (id:51158)
Homes for sale in Toronto

For sale OPEN HOUSE $379,900

1123 Cannon Street E

Hamilton, Ontario

2 Bedroom 1 Bathroom 713

This cute little house with a boho vibe is a true gem that will capture your heart. The location is perfect for city dwellers, and those seeking a turn-key lifestyle, just lock up and go. Step inside and be greeted by a renovated white kitchen that is both trendy and functional. Boasting modern appliances, and maximizing space, it's a pleasure to cook and entertain in. Whether you're experimenting with new recipes or hosting friends and family, this kitchen is sure to impress. The generous living room with bright windows is perfect for movies and game nights, or curling up with a good book. The two bedrooms in this home are surprisingly spacious, offering plenty of room for relaxation and personalization. They provide a cozy retreat, allowing you to rest and recharge in comfort.The bathroom has also been tastefully renovated making this home truly move-in ready. Don't miss the opportunity to make this charming starter home your haven. With its central location in the Crown Point neighbourhood, you're a stroll away from Gage Park, and coming LRT stop, and conveniently close to Bernie Morelli Recreation Centre and Tim Hortons’ Field. Everything you need at your doorstep, in one value-packed semi-detached home. Schedule a viewing today and experience the unique charm. (id:51158)
Homes for sale in Hamilton

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.

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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.

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Homes For Sale in the GTA, Price under $500,000