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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..
#208 -410 Queens Quay W
Toronto, Ontario
SEE ADDITIONAL REMARKS TO DATA FORM **** EXTRAS **** NONE- SOLD AS IS AS PER SCHEDULE ""A"" (id:51158)
#628 -89 Dunfield Ave
Toronto, Ontario
Great Opportunity To Live Or Invest in The Heart Of Yonge & Eglinton! A prime mid-town location with unbeatable convenience, The Madison is a well managed building. This 1 bedroom features Floor-To-Ceiling Windows, 9 ft ceilings, tranquil courtyard view, sunny south exposure and an oversized Balcony! Direct access to Loblaws that right in the building, minutes to the TTC, shops,restaurants & more! **** EXTRAS **** Fantastic Amenities: 24 Hr Concierge, 2 Storey Gym, Indoor Pool, Sauna, Zen Garden, Party Room & Rooftop Terrace. Such amazing value for the building and not to be missed! (id:51158)
4449 Milburough Line, Unit #5 Spruce
Burlington, Ontario
Burlington's LOST FOREST PARK is a countryside setting just a short seven minute drive to all the Waterdown shopping districts, legion, "Y", Memorial park, Harry Howell arena, dog walking park, hiking trails and waterfalls. There is a community centre for all the residents year round enjoyment OR just enjoy dog walking in the surround of nature. There is also a seasonal, inground pool for residents and friends. This two bedroom home includes many upgrades, appliances, bright sunny kitchen with loads of counters and prep areas, window and door coverings, gazebo 11.6X9 with adjoining patio and multi-seasonal Florida room for dining and entertaining (enclosed for winter months) - Double wide concrete driveway 24 X 22.6 The monthly fee of approximately $775. includes land lease, water, maintenance of the park and systems year round and property tax. Possession is flexible. Can be immedite or 30-90 days. (id:51158)
148 Walter Ave N
Hamilton, Ontario
WELL MAINTAINED 2 FAMILY HOME SET UP AS A DUPLEX OR SINGLE FAMILY! RENOVATED BASEMENT WITH SEPERATE ENTRANCE. EXCELLENT LOCATION, CLOSE TO SCHOOLS, SHOPPING AND PUBLIC TRANSIT. LARGE DRIVEWAY FOR 3-4 VEHICLES. (id:51158)
8 Woodman Drive S, Unit #602
Hamilton, Ontario
WELL MAINTAINED 2 BEDROOM IN DESIRABLE EAST END NEIGHBOURHOOD. ON FLOOR LAUNDRY. BASEMENT LOCKER AND MEETING ROOM. EASY COMMUTE CLOSE TO HWY ACCESS & RED HILL EXP. (id:51158)
148 Walter Avenue N
Hamilton, Ontario
WELL MAINTAINED 2 FAMILY HOME SET UP AS A DUPLEX OR SINGLE FAMILY! RENOVATED BASEMENT WITH SEPERATE ENTRANCE. EXCELLENT LOCATION, CLOSE TO SCHOOLS, SHOPPING AND PUBLIC TRANSIT. LARGE DRIVEWAY FOR 3-4 VEHICLES. (id:51158)
#402 -2737 Keele St
Toronto, Ontario
Very large 2+1 Bedroom unit or +1 could be a den. Open concept living close to Hwy's 401, 400, 427 & Yorkdale Shopping Centre. Spacious storage room with ensuite laundry. 1 covered parking space & one storage locker included. 2nd bath has walk/sit in tub feature (installed in 2023). Ideal for the elderly or physically challenged people. Best price in the area! (id:51158)
#605 -100 Lotherton Ptwy
Toronto, Ontario
Most upgraded unit in the complex. Balcony with unobstructed Western sunset views. Entire unit just renovated, 80K. Matching Granite, Hardwood and Tile throughout. Jacuzzi Tub, Potlights, Crown Moulding, etc. Full Tennis court & full basketball court. Indoor pool. Convenience Store & Day Care within. Close to Yorkdale Mall, 401 & Many TTC options. Maintenance covers all utilities. Affordable luxury living in the heart of the city. (id:51158)
#907 -20 Joe Shuster Way
Toronto, Ontario
Welcome to Suite 907 at 20 Joe Shuster Way. This open concept design features one bedroom, one bathroom, a kitchen equipped with stainless steel appliances and a stylish backsplash, stone countertops, sleek plank flooring, captivating lake views, expansive windows, and a generous balcony. Perfect for those entering the housing market or seeking investment opportunities. Positioned within walking distance to Liberty Village, with easy access to streetcar routes servicing King and Queen Street West, and mere steps from TTC, shops, restaurants, and an array of amenities. Schedule your viewing today and see for yourself! **** EXTRAS **** All Existing Electrical Light Fixture, Window Coverings, Fridge, Stove, Dishwasher, Microwave with Built in Fan, Washer and Dryer. (id:51158)
#ph 2 -169 Fort York Blvd
Toronto, Ontario
Nestled In One Of The World's Most Vibrant Cities, This Exceptional Penthouse in The Garrison Sets A New Standard For Urban Luxury Living. Boasting Eight Bedrooms And Eleven Bathrooms, It Offers Breathtaking Views From Every Angle, Creating A Statement Of Opulence. Upon Entry, Sophistication Seamlessly Blends With Practicality, Featuring A State-Of-The-Art Kitchen, A 150-Capacity Wine Fridge, And A 14-Person Dining Area, Perfect For Entertaining. The Rooftop Terrace Beckons With A Private Hot Tub Amidst Panoramic City Lake and Views, Including The Iconic CN Tower. Floor-To-Ceiling Windows Flood The Space With Natural Light, Controlled By Automatic Blinds For Privacy, While The 20-Foot Ceilings Elevate The Grandeur Of The Residence. Fully Furnished With Curated Decor, Every Detail Exudes Sophistication, Ensuring A Seamless And Luxurious Living Experience. The Pinnacle Lies In The Expansive Rooftop Patio, Offering A Secluded Oasis With A Hot Tub And Sweeping City and Lake Vistas. 2 Bathrooms on Terrace. Private Garage with 6 Parking Spots. A True Retreat For Relaxation And Entertainment. Don't Miss This Opportunity! Must Be Seen! **** EXTRAS **** All Kitchen Appliances By GE Monogram, GE Monogram Washer and Dryer, All Light Fixtures, All Window Coverings, All Furnishings. (id:51158)
293 Mohawk Road E, Unit #702
Hamilton, Ontario
Top Floor Condo. Sweet Hamilton Mountain Location. Walking Distance to Limeridge Mall and a Quick drive to Upper James Street. 2 Bedrooms, 1 Bath Condo. (857 sqft). Large Hallway between 2 Bedrooms for a Computer Station. Shorten your commute with Quick Access to Lincoln Alexander Parkway/QEW. Near Sackville Hill Rec Centre & Park. On Bus Route. Affordable Price for Buyers in this Market. Open Concept kitchen with Dining Area & Living Room. Southern Exposure on Wide Balcony. In Suite laundry. Locker, Covered Parking Space, Heat & Water Included in Condo Fee. Great Condo For Sale in Hamilton and one to add to your Property Search. Good Walk Score. RSA (id:51158)
#304 -77 Leland St
Hamilton, Ontario
Welcome to this newly built condo steps from McMaster University and Hospital. This modern fully furnished condo is conveniently close to shopping, restaurants and public transit. It is located next to the rail trail that makes commuting for work, school and pleasure a breeze. Laundry facilities are on-site and the bike storage room is perfectly located on the third floor. Wyse electricity sub-metering at $39.96/month and HVAC rented from Sandpiper $48.41/month. **** EXTRAS **** Interior Features: Carpet Free, Sprinkler System Full (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.