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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 #613
Hamilton, Ontario
Live at the Core Lofts! Large open concept one bedroom plus den with 10+ ft ceilings, over 800 sqft living. Floor to ceiling windows with Juliette balcony. Large eat in kitchen with granite counters, and stainless steel appliances. Den could be used as office or potential second bedroom. In suite laundry.. Locker included. Building amenities include rooftop patio with BBQ, gym and party room. Great location. Right in the heart of the city. Close to bus/train routes, shopping, schools, and restaurants. Must see! (id:51158)
2645 Kipling Avenue Unit# 505
Toronto, Ontario
THIS AFFORDABLE 2 BEDROOM CONDO with balcony is conveniently located near Kipling and Finch. Parking is assigned in the underground garage with outdoor visitor parking at ground level. Schools, transit, and park are nearby including childrens play apparatus a five minute walk away, and Albion Mall is just down the street. Condo fees $498.81/mth includeHeat, water, cable + internet, bldg ins, common elements and parking. Why rent when you can own!! (id:51158)
2263 Marine Drive Unit# 1103
Oakville, Ontario
Welcome to The Lighthouse, an established and well maintained building with outdoor pool in the heart of Bronte's waterfront community. This one bedroom suite with parking and locker offers 700 interior sq ft plus 85 sq ft of balcony. Newer kitchen cabinetry/counter/backsplash with stainless steel appliances and double sink. Bathroom with updated tile work, new toilet and vanity. Engineered hardwood flooring throughout. A sun-filled north facing unit with an ideal floor plan that lends itself to a very generous seating area while delivering on the need for a proper dining space. Nice sized bedroom with oversized floor to ceiling clothing wardrobe. Linen cupboard and a proper foyer entrance with double closet. A well presented, well maintained unit in a reputable building with long-time residents, with sauna, gym, library, workshop and more. A great opportunity to be in the heart of Bronte at a fantastic price per sq ft! Immediate occupancy available. (id:51158)
103 - 455 Charlton Avenue
Hamilton, Ontario
Stunning 881 sq ft Aspen model with large over sized bright windows offering panoramic views of the Niagara Escarpment and the Hamilton Skyline. This spacious end-unit includes a master bedroom and an additional bedroom currently being used\r\nas a solarium room situated next to a protected forest with incredible sunset views. Enjoy the modern luxuries of this newly built condo with built-in appliances, quartz countertops throughout the Kitchen and Bathroom. Plus this unit comes barrier free to meet accessibility needs. An amazing opportunity to live in urban luxury surrounded by nature. Enjoy having the Bruce Trail at your doorstep and downtown Hamilton with the GO Station less than 2 KMS away! Also great for the working professionals, located just minutes away from Juravinski, St. Joseph and Hamilton General Hospitals. With this condo you will get one owned surface parking\r\nspot and one owned secure storage locker included. Call today! (id:51158)
206 - 121 King St East Street
Hamilton, Ontario
Welcome to Gore Park Lofts In The Heart Of Downtown Hamilton: luxury living, with exposed brick walls, stylish flooring, and one bedroom with 614 sq. ft. of living space. Situated near vibrant dining options on King William and trendy shops on Jame St. Street. Easy Access To The Go Station, Public Transit And Hwy 403. Close to McMaster University, City Hall, and the Art Gallery of Hamilton. **** EXTRAS **** Floor to ceiling windows, lots of natural light. Lots of storage space.1 Parking Space available at $130/month (guaranteed) (id:51158)
103 - 3040 Constitution Boulevard
Mississauga, Ontario
Upper Level! Beautifully Renovated, Bright & Spacious Townhouse In Desirable Applewood, Upper Level! South Facing Exposure. Two Large Bedrooms, Upstairs Laundry, Great Open Concept Layout With W/O To Covered Balcony, Newer Windows & Broadloom, Newer Kitchen And Bathroom, Crown Molding, Pot Lights. Close To Schools, Park, Shopping & Transit.1 Bus To Subway. Just Minutes To Go Train & Major Hwys: QEW, 427 & 403. **** EXTRAS **** Fridge, Stove, Range Hood, Washer And Dryer, All electric Light Fixtures, All Window Coverings (id:51158)
505 - 1127 Cooke Boulevard
Burlington, Ontario
Introducing a modern 1-bedroom townhome in Station West, completed in 2020. This property features a private entrance, stainless steel appliances, in-suite laundry, and 1 underground parking spot. Conveniently located near Aldershot GO Station and Highway 403, with easy access to schools, grocery stores, parks, and trails, this unit offers a comfortable lifestyle in Burlington's growing district. **** EXTRAS **** Upgraded Laminates, Quartz Countertop In Kitchen & Upgraded Bath, S/S Fridge, Stove, Hood Fan, Dishwasher, Stacked Washer and dryer. (id:51158)
106 - 5150 Winston Churchill Boulevard
Mississauga, Ontario
Welcome to this well maintained & clean bachelor apartment, with a full 4 piece bath & laundry ensuite. Laminate flooring throughout and an extra space to fit a double bed and still have a living room & dining area. Walking distance to Erin Mills shopping centre, grocery stores, and your choice of restaurants to walk too. Public transit is just steps away from your front door & Credit Valley hospital is minutes away. Amazing location and a great neighbourhood to live in (id:51158)
517 - 100 Dundalk Drive
Toronto, Ontario
Gorgeous Bright Spacious 2 Bedroom Condo Apartment At prime Location In A Very Accessible Area, Walking Distance To TTC, Metro, Restaurants, Shopping, School, & Hospital, 2 Minutes To Hwy 401, A Must See Apartment. **** EXTRAS **** Special Assessment of $61.77/month till Sep 30,2024 (Maintenance Fee Includes Special Assessment Of ($61.77) (id:51158)
307 - 1701 Mccowan Road
Toronto, Ontario
Rare spacious condo living in this low-rise condo in the heart of Scarborough. Boasting 1400 sq ft of bright & spacious living space, this three-bedroom, two-bathroom unit features Custom design finishes for exceptional comfort & Includes 1 Parking Spot. The open-concept floor plan seamlessly blends the living, dining, & kitchen areas, creating an inviting ambiance perfect for entertaining. Enjoy the convenience of ensuite laundry and storage space, as well as upgraded amenities including an exercise room .With its prime location close to the 401, Scarborough Town Centre, schools, Home of New subway Station, and GO Train, this condo offers both convenience & accessibility. (id:51158)
504 - 15 Sewells Road
Toronto, Ontario
Bright & Spacious Three Bedrooms Renovated Condo Corner Unit In The Prime Location Of Scarborough. Approximately 1100 Sq. Ft. With Balcony. New Kitchen, New Bathroom, New S/S Appliances. Walking Distance To All Amenities Such As Malls, Schools, Public Transit, Parks and Highway. Parking Locker Owned. Plenty of Natural Light. **** EXTRAS **** Fridge, Stove & Microwave. (id:51158)
1011 - 301 Prudential Drive
Toronto, Ontario
Welcome to unit 1011 at 301 Prudential Drive in Scarborough, a beautifully maintained 3 bed, 1.5 bath condo. As you step into the unit you are welcome by the spacious, open concept living room and dinning room. This is a great space for entertaining guests and hosting dinner parties. The kitchen features a stainless steel electric range, fridge, and microwave, all installed in 2022. The primary bedroom comes complete with a 2 piece ensuite and a walk in closet. The condo also features two other well appointed bedrooms, a 4-piece bathroom and ensuite laundry. The condo was repainted, top to bottom, in 2022. The building features an indoor pool and sauna. You are close to all the amenities you could ever want including shops, schools, and gyms. (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.