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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..
#2909 -20 Richardson St
Toronto, Ontario
Experience waterfront living in the Daniels-built Lighthouse East Tower in the vibrant City of the Arts. This stunning ""Pelican Beach"" model boasts bright, modern rooms with an open-concept kitchen featuring quartz countertops and stainless steel appliances. From this unit, enjoy stunning views of the Toronto skyline, enhancing the urban living experience. Situated beside Sugar Beach and steps from Loblaws and transit, the condo offers unmatched accessibility. The building is rich with amenities, including basketball courts, gardening plots, and a fitness center. Perfect for anyone seeking luxury and style in a prime location. (id:51158)
#1811 -339 Rathburn Rd W
Mississauga, Ontario
~ Click & Watch""~ 4k Premium Walk-Through~ Sitting on a high floor and offering an unobstructed view of the breathtaking westward sunset, this 1-bedroom plus den residence is nestled in one of Square One's most sought-after condominiums. Discover luxury living at its finest in the prestigious 339 Rathburn w. It combines elegance with safety. Renowned for its array of amenities and low maintenance fees, this residence is a gem not to be missed."" The area is known for its convenience, with easy access to public transportation, major highways. Construction for LRT is in progress and soon this place will also have access to light rail transit, which will make it even more attractive place to live for young professionals. **** EXTRAS **** Guest Suite, Bowling, Party Hall, Tennis Court, 24 Hour Concierge, Library, Fitness Center, Indoor Pool with Jacuzzi , Theater, Card Room, Billiard, Meet Room & Party Room , Patio, BBQ, (id:51158)
#213 -478 King St W
Toronto, Ontario
Bright and spacious studio apartment with full length balcony and ample ensuite storage at victory condos. This abode boasts floor-to-ceiling windows, window coverings with blackout blinds, 10ft ceiling. Stone kitchen counters with integrated and stainless steel appliances (fridge, stove, built-in dishwasher, microwave/range hood). Oversized laundry room. **** EXTRAS **** Enjoy all that king west has to offer with parks, restaurants, caf? S, transit and the financial district a short stroll from your front door. Extensive building amenities include a concierge, party room, gym and more. (id:51158)
185 Simcoe St E
Hamilton, Ontario
CALLING ALL FIRST TIME BUYERS. THIS SEMI-DETACHED BUNGALOW HAS 3 BEDROOMS, UPDATED KITCHEN& BATHROOM, A VERY PRIVATE PATIO / YARD, AND IS LOADED WITH CHARM. LOCATED IN THE HEART OF THENORTH END, THIS AREA IS KNOWN FOR ITS FAMILY-FRIENDLY NEIGHBOURHOODS, COMMUNITY SPIRIT,CULTURAL VIBRANCY, AND CONVENIENT ACCESS TO SCHOOLS, SHOPS, RESTAURANTS, CAFES, AND FAMILYENTERTAINMENT OPTIONS ALONG THE WATERFRONT IT IS AN EASY WALK TO THE PIER 4 PARK & BAYFRONTPARK WHICH ARE IDEAL FOR FAMILY PICNICS, LEISURE ACTIVITIES AND ENJOYING LAKE VIEWS. FOR THECOMMUTER, THE WEST HARBOUR GO STATION IS CLOSE BY AND THE HOSPITAL IS JUST AROUND THECORNER. ALL OF THIS MAKING 185 SIMCOE ST E AN ATTRACTIVE OPTION FOR YOUNG FAMILIES TO PUTDOWN ROOTS AND MAKE MEMORIES. PLEASE NOTE THAT STREET PARKING IS AVAILABLE BY PERMIT AT ACOST OF APPROX. 100/YR (2023) (id:51158)
#2 -1190 Upper Ottawa St
Hamilton, Ontario
Investors and First Time Home Buyers Welcome to 2-1190 Upper Ottawa. This 3 bedroom 1 bathroom townhouse condo is on the East Hamilton Mountain. A desirable location in a great neighbourhood. This condominium is well maintained and this unit has a lot of unlocked potential. The condo features open concept living/dining room combo and offers a great space with newer sliding backdoors out to the fully fenced in backyard, overlooking a beautiful quiet field. Kitchen is large and has newer cabinets that can be a great starting point. Enjoy inside entry with this pull through garage style, front and rear entry doors. Close to all amenities, parks, shopping, schools and highway access. (id:51158)
#308 -1000 Sheppard Ave W
Toronto, Ontario
LOCATION! LOCATION! Uncover the potential of this 2-bed, 2-bath condo in North York, steps from Sheppard West subway station. With a warm and inviting feel, this residence offers a versatile layout waiting for your personal touch. Enjoy the convenience of two bathrooms, and elevate your lifestyle with 2 parking spaces and 1 locker. Nestled in a prime location, this condo not only promises potential but also exudes a welcoming ambiance, making it the perfect urban retreat. Don't miss the chance to make this warm and promising condo your own! Sold as is. STEPS AWAY from Subway! Approx 20 minutes to Downtown! NEW Paint throughout! S/S appliances. Some photos have been virtually staged. **** EXTRAS **** 2 Parking spots, 1 Locker (id:51158)
#726 -155 Dalhousie St
Toronto, Ontario
Experience premier urban living and artistic charm in the renowned Merchandise Building! This freshly painted, move-in ready, live/work hard loft boasts approximately 700 square feet of vibrant, stylish gallery space with soaring 12 foot ceilings, exposed ductwork, solid 8 foot high maple barn doors, concrete columns, polished floors, and 9 foot warehouse windows. Whether you're an investor seeking a sound opportunity or an end user craving a unique sanctuary, this functional 1 bedroom space offers the perfect blend of character and convenience. Situated minutes away from Yonge Street, Eaton Centre, Massey Hall, St. Lawrence Market, Toronto Metropolitan University + St. Mike's Hospital. This central downtown location provides unparalleled access to the city's vibrant energy. Enjoy easy grocery shopping at Metro within the building. Indulge in unparalleled amenities including a basketball court, fully-equipped gym, large year-round indoor pool, rooftop garden deck + BBQ area with breathtaking views with a dedicated dog walk. Boasts not one, but three welcoming lobbies! **** EXTRAS **** A very well managed building where 24 hr. concierges cater to a diverse group of creatives, professionals, retirees, couples, singles + devoted pet enthusiasts. A lifestyle defined by creativity, convenience, and camaraderie. (id:51158)
185 Simcoe Street E
Hamilton, Ontario
CALLING ALL FIRST TIME BUYERS. THIS SEMI-DETACHED BUNGALOW HAS 3 BEDROOMS, UPDATED KITCHEN & BATHROOM, A VERY PRIVATE PATIO / YARD, AND IS LOADED WITH CHARM. LOCATED IN THE HEART OF THE NORTH END, THIS AREA IS KNOWN FOR IT’S FAMILY-FRIENDLY NEIGHBOURHOODS, COMMUNITY SPIRIT, CULTURAL VIBRANCY, AND CONVENIENT ACCESS TO SCHOOLS, SHOPS, RESTAURANTS, CAFES, AND FAMILY ENTERTAINMENT OPTIONS ALONG THE WATERFRONT IT IS AN EASY WALK TO THE PIER 4 PARK & BAYFRONT PARK WHICH ARE IDEAL FOR FAMILY PICNICS, LEISURE ACTIVITIES AND ENJOYING LAKE VIEWS. FOR THE COMMUTER, THE WEST HARBOUR GO STATION IS CLOSE BY AND THE HOSPITAL IS JUST AROUND THE CORNER. ALL OF THIS MAKING 185 SIMCOE ST E AN ATTRACTIVE OPTION FOR YOUNG FAMILIES TO PUT DOWN ROOTS AND MAKE MEMORIES. PLEASE NOTE THAT STREET PARKING IS AVAILABLE BY PERMIT AT A COST OF APPROX. 100/YR (2023) (id:51158)
235 Balmoral Ave N
Hamilton, Ontario
Are you the Handy type Person, looking for a deal, here is one that has great bones. The house was built in 1920 as cities flourished. It would be classed as an average sized home being 1081 sq ft on 2 floorswith a full stand up basement separate sq ft, with rear walkup and out to yard and rear garage. The bonus is there is a garage. The exterior of the house is finished with 'Roughcast', which is mixed with, lime, cement, sand and small pieces of gravel. Great weather resistant protection and is very durabile, will last decades. It has 3 bedrooms, 2 bathrooms, the 2nd floor bath was converted from tub to a large walk-in shower stall. Basement 2 piece has not been used in years. The house has very comfortable living space, but is dire need of some handy people or some pros, to reno it as this property has great potential. The roof did leak and created internal damage in the rear bedroom ceiling and rear wall to kitchen. **** EXTRAS **** Estate Sale; Appliances Operational and Included, Seller not responsioble to remove, and are in an as is condition. With no express or implied warranty. (id:51158)
49 Leeming St
Hamilton, Ontario
Welcome to 49 Leeming St, Hamilton a charming starter home nestled in a vibrant, up-and-coming neighborhood. This cozy residence offers a fantastic opportunity for first-time buyers or those looking to downsize. Located centrally, convenience is at your doorstep. Enjoy easy access to essential amenities including shopping centers, restaurants, and recreational facilities. The proximity to schools makes it an ideal choice for families with children. The neighborhood itself is evolving, showcasing a blend of historical charm and modern development. With new businesses and community initiatives on the rise, residents can look forward to an exciting future in this dynamic area. As for the property, 49 Leeming St boasts a welcoming ambiance. Step inside to discover an interior featuring 3 bedrooms and 2 bathrooms. The layout is designed for practicality and comfort, offering a cozy living space to call your own. Outside, you'll find a manageable yard perfect for relaxation and outdoor gatherings. Whether it's morning coffee or evening barbecues, this space can be your private oasis within the city. Don't miss out on this opportunity to own a piece of Hamilton's promising future. Schedule a viewing today and envision yourself at home on Leeming Street. (id:51158)
#20 -3200 Dakota Common
Burlington, Ontario
Gorgeous, Beautiful, Spacious 2 Bed & 2 Wash room Condo with 752 Sqft in Total (636 Sqft Interior &116 Sqft Terrance) 10 foot Ceiling. One Parking, One Storage Locker Included. This Beautiful Modern Unit Features an open concept Kitchen with Stainless Steel Appliances and Quartz Countertop. It Also Includes a smart home monitoring with a smart thermostat. Laminate Flooring throughout the unit provides Ample natural light, brightens the space. Enjoy a large east facing Terrace. Private Gate Access from Terrance to Unit. The Building offers 24Hrs Concierge Service, Security, BBQ Area, Gym, Sauna, Steam room, Party Room, outdoor Pool, Games Room, Outdoor Garden, Big Malls and Go Station. (id:51158)
#1906 -55 Elm Dr W
Mississauga, Ontario
Welcome to Tridel's Exquisite Towne Two. A Bright and Spacious Apartment With Large Wall to Wall Windows Boasting Exceptional Views of the Toronto Skyline. Featuring a Large Kitchen with Stainless Steel Appliances, Breakfast Bar, and Eat-In Dinette Area. Large Master Bedroom with Great Views and Wall to Wall Closet. Large 4 Pc Bathroom with Jacuzzi. Rare and Convenient Large Laundry / Storage Room. Top Notch Building with Exceptional Amenities/Facilities Including Pool, Terrace, Party Room, Library/Theatre, Gym, Sauna, Pool, Jacuzzi, Squash, Secluded Tennis, BBQ and Park Area. 24\7 Gatehouse Security. Quiet and Serene Location Ensconced in Central Mississauga, Ideal and Highly Sought After Location. Walking Distance to Square One, The Future Hurontario LRT, World Class Restaurants, Many Parks & Trails, Mississauga Central Library & Celebration Square. Near Highway Access, Great Schools and Much More. (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.