FREE Access to MUST SELL, Discounted, Price Reduced, Bank Owned and Foreclosed/Bank Owned Home List
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..
7 Mercer Street
Toronto, Ontario
This is Sushi Take Out business for sale. It is surrounded by New Condo, business towers, banks, shopping and hospitals etc. Seller has accumulated lots of stable, loyal customers. The rent is rarely low. It is great investment opportunity for family. Current owner only open short business hours from 4pm to 11 pm. New owner can extend the business day and hour. Profits will increase. Training will be provided. Easy operation. It is a complete turn-key business opportunity. **** EXTRAS **** Lease 2Years left. Rent $5,881.44(Including Tmi & Hst). No Gas And Hood (id:51158)
42 Barnesdale Avenue N
Hamilton, Ontario
Hello renovators, builders, and DIY enthusiasts! Nestled in the heart of downtown Hamilton, this detached gem boasts a solid structure and impeccable bones, offering a canvas ready for your personal touch. With 3 bedrooms and 1 bathroom, there's ample space for comfortable living or renovation to suit your needs. The pristine wood flooring and trims add timeless charm and character to the home, while its prime location offers a walk score of 92! Explore nearby parks, hop on public transit, or catch a game at Tim Hortons Field, all within walking distance. Whether you're looking to move in with minimal work or embark on a full-scale renovation, this property is a blank slate awaiting your creativity. Don't miss this opportunity to make your mark in one of Hamilton's most vibrant neighborhoods. Schedule a viewing today and unlock the endless possibilities of this downtown Hamilton treasure! **** EXTRAS **** Sold As Is-Where Is. All taxes, measurements & information regarding the property must be verified by buyer or co-op agent. *Please read all attachments* (id:51158)
407 - 121 Highway 8
Hamilton, Ontario
OPEN HOUSE SAT MAY 18 & SUN MAY 19(2-4PM)!Welcome To The Casa Di Torre European-Style Upscale Condo In Stoney Creek! New, spacious and bright 1 Bedroom 1 bathroom. 1 parking and 1 locker included. Perfect For A First-Time Buyer Or Anyone Looking To Downsize. MODERN KITCHEN WITH STAINLESS APPLIANCES, BREAKFASR BAR WHICH OVERLOOKS OPEN CONCEPT LIVING/DINING ROOM. 9 FOOT CEILING, LAMINATE FLOORING THROUGHOUT. Enjoy A Coffee On Your Private Patio. EXCELLENT LOCATION, WALKING DISTANCE TO SHOPPING, SCHOOLS, GROCERY, TRANSPORTATION, AND ALL OTHER AMENETIES. Building Offers Rooftop Barbecue Area, Gym & Cardio Machines, Yoga Room, Stunning Party Room Etc. **** EXTRAS **** All Stainless Steel Appliances, Ensuite Laundry Washer/Dryer, All Electrical light fixtures, Large Balcony! 1 parking spot + 1 Locker (id:51158)
103 - 4800 Dufferin Street
Toronto, Ontario
Bustling Breakfast and Lunch Spot in Corporate Hub! Nestled in a well known office building occupied by Tridel. It is a to-go place for local businesses. With three major companies as loyal customers, it enjoys a steady flow of patrons. Operating just five days a week it offers a perfect balance of profitability and convenience. Rent is $2,041.667 a month. Fully renovated in 2020, boasts modern aesthetics. This restaurant has been exceptionally maintained! The 4.9 star Google Reviews testify to the reputation and wonderful quality of this business. It has 30 seats indoors and has a charming outdoor patio that seats 24. **** EXTRAS **** Additional income from coffee stations and catering throughout building. (id:51158)
1601 - 5 Massey Square
Toronto, Ontario
Recently renovated - Kitchen, Bathroom, Light Fixtures, Flooring, Closet Doors, Balcony bird-prevention netting! GREAT value Toronto condo, right on the Bloor-Danforth subway line! Surrounded by beautiful green space: condo courtyard with lawns, large Dentonia Park to the south, nature walk & bike path Taylor Creek to the north. Stunning sunset view. Very well run condo management, with 24/7 concierge and security in the building! Condo corp spends wisely, always upgrading the property. Plumbing rough-in for incoming water to provide for either dishwasher or washing machine - drainage plumbing still required. **** EXTRAS **** Crescent Town Club: MAJOR pool, gym & rec facilities, are INCLUDED!! 5 min walk to TTC subway station via covered pedestrian bridge! Major grocery stores & Shoppers World a mere 10 min walk. Very low cost rental for Parking & Locker (id:51158)
83 Sherman Avenue N
Hamilton, Ontario
Must see! Affordable and now Vacant available to move in. Perfect first time home or investment. Lots of updates. Must to see! Newer Modern kitchen and bathroom. Newer electrical wiring and plumbing throughout. Maintenance free back yard with oversized block (workshop) garage with hydro off a rear concrete alleyway. 19' New gas furnace + central air conditioner, 22' New Garage roof. Excellent neighborhood and near all amenities like shopping, schools, bus transit etc. Offers anytime. (id:51158)
45 East 35th Street
Hamilton, Ontario
Located just steps away from the bustling Concession ST Shopping District and amazing views along Mountain Park Avenue, come and explore the opportunity that awaits at 45 East 35th Street. This home has 3 bedrooms, 2 full baths and a finished lower level basement with access from the backyard. A generous sized lot and parking for 3 cars along the private driveway. (id:51158)
83 Sherman Avenue N
Hamilton, Ontario
RSA & IRREG SIZES. Must see! Affordable and now Vacant available to move in. Perfect first time home or investment. Lots of updates. Must to see! Newer Modern kitchen and bathroom. Newer electrical wiring and plumbing throughout. Maintenance free back yard with oversized block (workshop) garage with hydro off a rear concrete alleyway. Garage roof approx 2 yrs old. 2019 New gas furnace and Central Air. Excellent neighborhood and near all amenities like shopping, schools, bus transit etc (id:51158)
16 - 28 Rexdale Boulevard
Toronto, Ontario
Great Opportunity For First-Time Home Buyers, Downsizers Or Investors. 3 Bedroom 2 Washroom Condo Townhouse With Parking Situated In The 401/ Islington Ave Neighborhood. Steps Away From Many Amenities, Shopping Plaza, Walmart, Transit, Schools & Parks. Costco Coming Soon. **** EXTRAS **** Property currently tenanted, can provide vacant possession with proper notice to tenant. (id:51158)
1065 King Street W
Hamilton, Ontario
Restaurant is Located Within An Area That Sees Over 60,000 Students Each Year & Within Close Proximity To The McMaster University & Hospital. This Tasteful Restaurant Specializes In Halal Food & Includes A Fully Equipped Commercial Kitchen & A Secondary Fully Equipped Commercial Kitchen At The Rear Of The Unit. Great Potential To Rent Out Secondary Kitchen For Catering Large Functions, Food Truck Preparation, Etc. The Restaurant Has Been Recently Renovated With Upgraded Technology, Fresh Bold Colours & Room For Seating Up To 16 Customers. Full Sized Basement Ideal For Storage And Prep. Separate Laundry Rm With Washer & Dryer. 2 Side Doors W Access For Deliveries & Garbage Disposal.. Lease Term till 31st August 2025. Rent approximately 7,733.53 + utilities. Current Lease is for Pizza, Shawarma, Falafels, Chicken Wings (Negotiable For new Tenants). **** EXTRAS **** Please do not go Direct, Do verify all measurements and Do the Required due diligence, Commission reduced by 1% if the listing brokerage shows the (id:51158)
1710 - 55 Regent Park Boulevard
Toronto, Ontario
Welcome home to this inviting, open concept & sun-filled unit nestled within the heart of Toronto's dynamic and multicultural regent park neighbourhood. Features modern builder finishes throughout; laminate flooring, modern bathroom, modern kitchen with stainless steel appliances & a large island. Enjoy easy access to a plethora of local cafes, boutiques, eateries, public transportation hubs, the Aquatic Center, Fresh Co, Tim Hortons, TTC, Eaton Center, University of Toronto, George Brown College, and an array of other conveniences. With just a single streetcar journey to downtown, and a leisurely stroll to the Distillery District, Aquatic Centre, Shoppers Drug Mart, library, community center, and the renowned St. Lawrence Market, this location offers unrivaled accessibility. Bonus, enjoy a seamless commute to the DVP and QEW to ensure effortless travel. Perfect space for savvy end user who work from home, first-time home buyers and investors alike! **** EXTRAS **** Parking can be rented separately for approximately $150-200/month. Vacant possession available. (id:51158)
221 - 5225 Finch Avenue E
Toronto, Ontario
One Bedroom Condo In Demand Location! Close To T.T.C, 401, School, Parks, Temple, Church, Woodside Mall & Medical Centres, Steps To Gta Square. One Parking Included. **** EXTRAS **** Stove, Fridge, Washer, Dryer & B/I Dishwasher. (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.