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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..
66 Bay Street S, Unit #413
Hamilton, Ontario
Welcome to the vibrant lifestyle of Core Lofts in downtown Hamilton's west side. This trendy & modern 1 bedroom, plus den condo boasts soaring high ceilings, offering a spacious and airy ambiance. Situated conveniently close to hospitals and restaurants, it ensures both convenience and accessibility for residence. Included in this delightful package is 1 owned parking spot and locker. The condo fees include; Building Insurance, Central Air Conditioning, Exterior Maintenance, Heat and Water providing comfort throughout the seasons. As if that weren't enough, the pièce de résistance awaits atop the building, a beautiful rooftop patio, perfect for relaxing evenings or entertaining guests with stunning city views. This property is price to SELL get in before it's gone. Status certificate has been ordered. (id:51158)
105 Gertrude St
Hamilton, Ontario
Welcome to this move in ready 2.5 storey in the family friendly Crown Point North area. This house has had some recent upgrades, including new light fixtures, new carpet, parging in the basement, and fully painted. Doors and windows installed, and bathroom and kitchen renovated 2019. This house is ideal for first time home buyers, small families or business professionals looking to be close to the highway, Tim Hortons Field, Centre on Barton, schools, parks, and loads of amenities. A lot of natural light on all floors create a warm and welcoming feeling for you and your family. Thank you for looking! **** EXTRAS **** Recent work completed: new light fixtures, new carpet, parging in the basement, and fully painted. Renovations completed in 2019: new windows, new doors, new kitchen, and new bathroom. (id:51158)
105 Gertrude Street
Hamilton, Ontario
Welcome to this move in ready 2.5 storey in the family friendly Crown Point North area. This house has had some recent upgrades, including new light fixtures, new carpet, parging in the basement, and fully painted. Doors and windows installed, and bathroom and kitchen renovated 2019. This house is ideal for first time home buyers, small families or business professionals looking to be close to the highway, Tim Horton’s Field, Centre on Barton, schools, parks, and loads of amenities. A lot of natural light on all floors create a warm and welcoming feeling for you and your family. Thank you for looking! (id:51158)
#604 -30 Ordnance St
Toronto, Ontario
The Garrison Point Condo, One Of The Most Popular Downtown Neighborhoods At King West Village. Great for Young Professional and 1st Time Buyer. Only A Few Years New Still Under Tarion New Home Warranty. Spacious Open Concept Layout, Featuring Laminate Flooring Throughout, Floor To Ceiling Windows, Stainless Steel Appliances. Great Amenities Include: Outdoor Pool With Sundeck & Lounge Seating; Children's Splash Pool; Fitness Facility With Yoga Studio, Steam Room And Sauna, Theatre & Exercise Room. Steps To Ttc, Liberty Village, King West, Highways, Shops, Restaurants, Cne, Waterfront Park. Assume current tenant @ $1950/month **** EXTRAS **** All ELf, Stainless Steel Fridge, Dishwasher, Range, Built-In Microwave Rangehood, Washer, Dryer, Window Coverings. (id:51158)
#115 -115 Bonis Ave
Toronto, Ontario
Bright + Cheery. Impressive Beautiful Suite. Cute As A Button, South Facing & Updated Unit. Sparkling, Well Appointed & Pristine Move-In Ready. Great Layout- One of a kind design in the bldg. Master Bdrm has W/I Closet & ensuite bathroom with upgraded walk in shower with corner seat. Lots of Storage & lovely Hickory Engineered Hardwood Floors throughout. Exclusive Life Lease for Seniors 65+ Looking to enjoy A Resort-Style, Safe Home with many amenities: Pool, Gym, Library, Restaurant,Chapel, Hair Salon, Pharmacy, Cafe & Impressive Gardens. **** EXTRAS **** Fridge, Stove, Dishwasher, Washer & Dryer, Window Blinds & Curtains, Individually Controlled Heating & Air Conditioning, No Rentals in Bldg.100%Owner Occupied. Wheelchair Accessible. Perfect for Downsizers & Meeting New Friends (id:51158)
#12 -2418 New St
Burlington, Ontario
Updated, bright & spacious, 855sqft, 2 bedrm corner unit w/lots of wndws, in a fantastic central Burlington location, close to shops, dining, downtown, hospital, hwys, community centre, library, parks, trails, & more. This unit offers an updated kitch w/white cabinetry, qlty vinyl flrs, newer stove & DW, pantry, & lots of cupboard space, 2 bedrms incl. primary w/newer qlty broadloom, built-ins in closet, & lrg wndws, & the 2nd bedrm w/newer qlty broadloom & built-in shelves, updated 4pce bath w/new Bath Fitter tile liner in 24, jetted tub, new paint, & new toilet in 22, a spacious LR w/lam. flrs & lrg wndws, & a sep DR w/lam. flrs. Also, new qlty wndws (except bathrm), 4 new ceil. fans, & 2 new AC units, all in 22, & fresh paint T/O in 21. Building amenities also include visitor prkng, onsite laundry, & bike storage. 1 prkng included w/potential to rent 2nd spot. Low monthly fee includes PRPRTY TAX/heat/water/prkng/locker. No rentals/leasing. Dont wait & miss out! Welcome Home! (id:51158)
2418 New Street, Unit #12
Burlington, Ontario
Welcome to this updated, bright & spacious, 855sqft, 2 bedroom corner unit w/lots of windows, in a quiet & well maintained building, in a fantastic & highly desirable central Burlington location, close to shops, dining, downtown Burlington, hospital, highways, community centre, library, parks, trails, & endless other great amenities. This unit has spacious principal rooms, is an inviting & functional space ideal for those downsizing, or young professionals, & also offers an updated kitchen w/white cabinetry, quality vinyl floors, newer stove & dishwasher, pantry, & lots of cupboard space, 2 bedrooms including the primary w/newer quality broadloom, built-ins in the closet, & large windows, & the second bedroom w/newer quality broadloom & built-in shelves, an updated 4-piece bathroom w/new Bath Fitter tile liner in ‘24, jetted tub, new paint, new toilet in ‘22, a spacious living room w/laminate floors & large windows, & a separate dining room w/laminate floors. Also, new quality windows (except bathroom), 4 new ceilings fans, & 2 new AC units, all in ‘22, & fresh paint throughout in ‘21. This unit is clean, fresh, nicely updated, & shows 10++. The building amenities also include visitor parking, onsite laundry, & bike storage. 1 parking included w/potential to rent a 2 nd spot. The low monthly maintenance fee includes PROPERTY TAX, heat, water, parking, locker, building insurance, exterior maintenance, & visitor parking. No rentals/leasing. Don’t wait & miss out! Welcome Home! (id:51158)
#314 -1470 Midland Ave
Toronto, Ontario
Welcome to 1470 Midland Avenue, Ste #314! Bright 2 bedroom/2 bathroom layout with spacious principal rooms, modern kitchen, ensuite laundry, plenty of storage space and more. Convenient location close to transit (TTC), access to highways (401), schools, parks, shopping and other amenities. Don't miss this One!! **** EXTRAS **** As Per Schedule (id:51158)
#504 -150 Charlton Ave E
Hamilton, Ontario
Welcome to #504-150 Charlton Avenue East., known as The Olympia, offering you urban convenience at its best. Located in the heart of the Corktown neighborhood and only minutes to the Augusta and James St., local business area and most other amenities, local parks, St. Joseph's hospital, transit, schools, walking trails, the Go station. The property offers 2 good sized bedrooms, spacious living room and separate dining area, 1.5 baths and lots of storage, the overall comfort and function is enhanced by a floor plan that magnifies the overall square footage and facing north there is no lack of natural light from the floor to ceiling windows and the private balcony. The building itself has been extensively updated and offers a premium suite of amenities, for example, an indoor pool, sauna, billiards, gym, squash court, party/meeting room, media room, sun deck. The bonus is the affordable condo fee that includes the heat, hydro & water expense making this an opportunity to enjoy very affordable living. (id:51158)
150 Charlton Avenue E, Unit #504
Hamilton, Ontario
Welcome to #504-150 Charlton Avenue East., known as “The Olympia”, offering you urban convenience at its best. Located in the heart of the Corktown neighborhood and only minutes to the Augusta and James St., local business area and most other amenities, local parks, St. Joseph's hospital, transit, schools, walking trails, the Go station. The property offers 2 good sized bedrooms, spacious living room and separate dining area, 1.5 baths and lots of storage, the overall comfort and function is enhanced by a floor plan that magnifies the overall square footage and facing north there is no lack of natural light from the floor to ceiling windows and the private balcony. The building itself has been extensively updated and offers a premium suite of amenities, for example, an indoor pool, sauna, billiards, gym, squash court, party/meeting room, media room, sun deck. The bonus is the affordable condo fee that includes the heat, hydro & water expense making this an opportunity to enjoy very affordable living. (id:51158)
#201 -33 Lombard St
Toronto, Ontario
Location, location, location. Welcome to this charming and conveniently located condo in the heart of downtown. With a perfect 100% WALK SCORE, you'll have easy access to all the amenities, transit options, major sports venues, and entertainment centers just steps away from your front door.This award winning beautifully maintained building offers a rooftop backyard oasis where you can relax and unwind after a long day. The open concept kitchen is perfect for entertaining guests and features stainless steel appliances and plenty of counter space.Don't miss out on this amazing opportunity to live in one of the most sought-after locations in the city. (id:51158)
#411 -8 Scollard St
Toronto, Ontario
A spacious studio in the Heart of Yorkville! A Beautifully maintained Upscale & Stylish condo. Great walk + transit scores. Price includes a storage locker, S/S full-size appliances. Open balcony. 24-hr concierge, 8'6"" high ceilings. Steps to Canada's most exclusive & fashionable retail stores, Universities, fantastic Toronto restaurants & bars, 5-star hotels. Best price for a studio in the Annex! A deal not to be missed! **** EXTRAS **** Stainless steel fridge, stove, B/I dishwasher, brand new B/I microwave/hoodfan, white stacked washer/dryer, all electrical light fixtures and 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.