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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..

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For sale $499,000
House For Sale in toronto, #2304 -125 REDPATH AVE

#2304 -125 Redpath Ave

Toronto, Ontario

1 Bedroom 1 Bathroom
Menkes' The Eglinton. Rare 1 Bedroom in Toronto's Prime Midtown * Large Balcony With Unobstructed City View * Laminate Floor Throughout * Luxury Stainless Steel Appliances * Modern Kitchen With Backsplash & Quartz Counter * Walk To Subway, Eglinton Center, Theater, Supermarket & Restaurants **** EXTRAS **** S.S Range Cook Top, Microwave/Exhaust Fan, B/I D/W, Panelled Fridge, Stack Washer/Dryer, All Elfs.One Locker. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #420 -170 SUDBURY ST

#420 -170 Sudbury St

Toronto, Ontario

2 Bedroom 1 Bathroom
This is the one you've been looking for! Quintessential Queen West condo living in this beautiful and functional 2 bedroom 1 bath loft. Approximately 650 sq ft, this unit features soaring 10 foot ceilings, floor-to-ceiling windows and exposed ductwork. With an unobstructed west view, the unit comes with custom built-in storage in the kitchen, primary, and second bedrooms. The kitchen features a stone backsplash, granite countertops, and stainless steel fridge, stove, dishwasher, and microwave. Sip your morning coffee on the walk-out balcony off the primary bedroom. Building amenities include a gym, guest suites, party room, bike storage, and ample visitor parking. Enjoy all the amenities the neighbourhood has to offer: shops, restaurants, parks, and libraries. Walk to Liberty Village and Lake Ontario. A short streetcar ride to the downtown core. Sports, concer **** EXTRAS **** Some photos virtually staged! Locker maintenance fee an additional $14.24/month. (id:51158)
Homes for sale in Toronto
For sale $449,000
House For Sale in toronto, #1605 -251 JARVIS ST

#1605 -251 Jarvis St

Toronto, Ontario

1 Bathroom
Functional Executive Style Bachelor Suite With Modern Finishes Throughout, Including Wide Plank Flooring. Upgraded Gallery, Kitchen With Built-In Appliances & Quartz Countertop. Good Size Balcony For Quiet Enjoyment. Ensuite Laundry, Amazing Location Cloe To Eaton Center, Ryerson University, George Brown College & University Of Toronto. Building Has Premium Amenities Including A 24/7 Security/Concierge, Indoor/Outdoor Pool, Party Room, Gym, Rooftop Deck And More (id:51158)
Homes for sale in Toronto
For sale $475,000
House For Sale in toronto, #PH108 -87 PETER ST

#ph108 -87 Peter St

Toronto, Ontario

1 Bedroom 1 Bathroom
Menkes Top flr Penthouse Studio Unit At Noir residences. Exclusive 10 ft ceiling, laminate T/O, floor to ceiling windows and a Large Balcony w unobstructed City View! Modern Design Kitchen Open Concept w Built-In Appliances. Nestled In The Heart Of Toronto's Entertainment District, Downtown Core, Shopping, Grocery, Public Transit, Restaurants, Very Convenient Location. Building Amenities: Gym, Party, Game, Media Room, Hot Tub, Sauna, Yoga Studio & Concierge **** EXTRAS **** Built-in fridge, cook top stove, oven, dishwasher, microwave, washer and dryer. (id:51158)
Homes for sale in Toronto
For sale $399,000
House For Sale in mississauga, #43 -119 BRISTOL RD E

#43 -119 Bristol Rd E

Mississauga, Ontario

1 Bedroom 1 Bathroom
Welcome Home! This Fully Renovated Stacked Townhouse Boasts A Stunning Kitchen Complete With Brand New Appliances And Backsplash. Custom Granite Countertops, 15 Ft Smooth Cathedral Ceilings, Over-Sized Living Spaces Complete Accented By A Stunning Wall To Wall Closet, All Tied Together With Sunny NE Views - This Unit Truly Is A Statement Piece! Situated In The Highly Coveted Hurontario/Bristol Corridor, This Property Is A Commuter's Paradise, Minutes To Square One Mall And Heartland, Future LRT, Multiple 400 Series Highways, Hospitals, And Many Esteemed Local Schools Including Sheridan College. This Property Is A Must Seen! **** EXTRAS **** This Boutique-Styled Condominium Offers Residents An Outdoor Pool, Ample Visitors Parking, Multiple Playgrounds For Children, And Much More! (id:51158)
Homes for sale in Mississauga
For sale $499,000
House For Sale in hamilton, 42 MADISON AVE

42 Madison Ave

Hamilton, Ontario

4 Bedroom 3 Bathroom
Welcome to 42 Madison Ave, located in central Hamilton. This fully renovated semi-detached property features 3+1 bedrooms, 3 bathrooms, and a finished basement, with high quality finishes. It features a ton of natural light through the many large windows, all stainless steel appliances in the kitchen, quartz countertop with custom backsplash, and a walk out to the backyard deck, perfect for entertaining. There is 1 parking space at the back of the home, accessible through the laneway. The Roof was just redone 2024, along with the attic insulation and electrical panel upgrade. This Property is close to public transit, schools, parks, libraries, grocery stores, and a hospital. (id:51158)
Homes for sale in Hamilton
For sale $459,990
House For Sale in toronto, #903 -32 TROLLEY CRES

#903 -32 Trolley Cres

Toronto, Ontario

1 Bedroom 1 Bathroom
Lowest price for any apartment in Rivercity. 32 Trolley is an architectural triumph by acclaimed Saucier + Perotte Architectes, Urban Capital & Waterfront Toronto. River City Phase 2 is situated on the lower eastern edge of downtown in the desirable Corktown & The West Donlands neighborhoods. Very well connected to Riverside, Leslieville, Distillery District, St. Lawrence Market, Corktown Commons Park, Don River Valley Park & Toronto's Waterfront Trail System & TTC 504A/504B/501. A modern jr 1 bedroom loft style apartment showcasing approximately 452 sf of very usable interior space, sleeping area, 1 bath, 9 ft exposed concrete ceilings, galvanized spiral duct, walnut hardwood floor throughout, modern kitchen featuring glossy grey flat slab doors, s/s appliances, quartz countertop, a fully tiled spa inspired bath featuring soaker tub, shower, large vanity & vanity mirror, and overlooking grassy greenbelt flanking the Don River. 1 bicycle rack included. **** EXTRAS **** The building features 24hr security, a well equipped gym, large party room featuring lounge, bar, kitchen, dining area, shuffle board & billiards table, comfortable guest suite, outdoor pool, sun deck & outdoor grilling area. (id:51158)
Homes for sale in Toronto
For sale $459,000
House For Sale in toronto, #2110 -125 BLUE JAYS WAY

#2110 -125 Blue Jays Way

Toronto, Ontario

1 Bathroom
Bright And Spacious Studio Unit over 380 sqft plus balcony with One Locker Located In The Heart Of The Entertainment District In The Luxurious King Blue Residences. Top Of The Line Amenities. Amazing Views Of The City That Can Be Enjoyed From The Walk Out Balcony. Minutes To The P.A.T.H., Steps To The City's Best Restaurants & Fine Dining & Entertainment, Film Festival, Walk To Financial District, Shopping & More. Walk Score Of 98! Street Car At Your Doorstep As Well! MUST SEE IN PERSON!! **** EXTRAS **** Built-In Fridge, Built-In Dishwasher, S/S Stove, S/S Microwave and S/S Oven. Washer and Dryer. One Locker Included. (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in hamilton, 38 PRINCESS ST

38 Princess St

Hamilton, Ontario

3 Bedroom 3 Bathroom
Welcome To This Turn-Key, 2 Unit Legal Duplex In The Heart Of Hamilton. Close To Trendy Cafes, Restaurants, Hospitals,Night Life And More. This Home Is Conveniently Located Close To The Link, The Qew, Schools ,And Close To All OtherAmenities. This Is A First Time Home Buyers, Or An Investors Dream! The Main Floor Features A 1+1 Bedroom ApartmentWith A 2 Piece And 4 Piece Bathroom, With Its Own Ensuite Laundry. The Second Floor Apartment Features 1 Bedroom WithA 4 Piece Bathroom With Ensuite Laundry. Ample Space For 2 Cars, And Tons Of Updates Throughout Including A New Roof,Wood Floors, New Light Fixtures Throughout, Updated Countertops,Updated Plumbing,Electrical,And So Much More! (id:51158)
Homes for sale in Hamilton
For sale $250,000
House For Sale in toronto, ## 2 -37 KING ST E

## 2 -37 King St E

Toronto, Ontario

1808 sqft
Fully renovated Franchise, prime location in Omni King Edward Hotel lobby, offering both hotel and street access. Boasts VERY AFFORDABLE RENT TERMS. Existing customer base and experienced staff ensure seamless transition. One block from the financial core next to Google's new Canadian headquarters. Heavy pedestrian foot traffic, attracting global traveler seeking fresh coffee and daily specials. Excellent family business opportunity in downtown, Call Agent at 647 338 6875 for more information. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #1808 -2221 YONGE ST

#1808 -2221 Yonge St

Toronto, Ontario

1 Bedroom 1 Bathroom
Don't Look Further. Absolutely Stunning 1 Bedroom Corner Suite Nestled in 2221 Yonge Condos, the Icon of Modern Luxury. This Magnificent Corner Suite Boasts Functional Living Space of 531 Square Feet Indoor and a Warp-Around Balcony of 256 Square Feet Outdoor with Breathtaking View of Toronto's Metropolitan Skyline and CN Tower. Laminate Flooring Throughout, Stylish Modern Kitchen with All Built-In Stainless Steel Appliances and Backsplash. Conveniently Located at Dynamic Intersection of Yonge & Eglinton, the Transit Hub. Steps Away from Easy Access to a Variety of Transit Options Including TTC, Subway, and Future LRT, and of All Amenities from Boutique Shopping to Neighborhood Coffee shops, from Movie Theatre to Trendy Eateries. Call It Your New Home and Get Ready to Enjoy Everything This Great Neighborhood Has to Offer. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in hamilton, 99 Donn Avenue|Unit #208

99 Donn Avenue, Unit #208

Hamilton, Ontario

2 Bedroom 2 Bathroom 1215 sqft
Beautiful bright corner unit with large eat-in kitchen with East facing kitchen window. Features California shutters throughout, carpet free and freshly decorated. One underground parking spot. Steps to transit and an abundance of shopping at Fiesta Mall. (id:51158)
Homes for sale in Hamilton
For sale $499,900
House For Sale in hamilton, 38 PRINCESS Street

38 Princess Street

Hamilton, Ontario

3 Bedroom 3 Bathroom 1122 sqft
WELCOME TO THIS TURN-KEY, 2 UNIT LEGAL DUPLEX IN THE HEART OF HAMILTON. CLOSE TO TRENDY CAFES, RESTAURANTS, HOSPITALS, NIGHT LIFE AND MORE. THIS HOME IS CONVENIENTLY LOCATED CLOSE TO THE LINK, THE QEW, SCHOOLS ,AND CLOSE TO ALL OTHER AMENITIES. THIS IS A FIRST TIME HOME BUYERS, OR AN INVESTORS DREAM! THE MAIN FLOOR FEATURES A 1+1 BEDROOM APARTMENT WITH A 2 PIECE AND 4 PIECE BATHROOM, WITH ITS OWN ENSUITE LAUNDRY. THE SECOND FLOOR APARTMENT FEATURES 1 BEDROOM WITH A 4 PIECE BATHROOM WITH ENSUITE LAUNDRY. AMPLE SPACE FOR 2 CARS, AND TONS OF UPDATES THROUGHOUT INCLUDING A NEW ROOF, WOOD FLOORS, NEW LIGHT FIXTURES THROUGHOUT, UPDATED COUNTERTOPS,UPDATED PLUMBING,ELECTRICAL,AND SO MUCH MORE! (id:51158)
Homes for sale in Hamilton
For sale $475,000
House For Sale in toronto, 87 PETER Street Unit# PH108

87 Peter Street Unit# Ph108

Toronto, Ontario

1 Bedroom 1 Bathroom 264.2900
Menkes Top flr Penthouse Studio Unit At Noir residences. Exclusive 10 ft ceiling, laminate T/O, floor to ceiling windows and a Large Balcony w unobstructed City View! Modern Design Kitchen Open Concept w Built-In Appliances. Nestled In The Heart Of Toronto's Entertainment District, Downtown Core, Shopping, Grocery, Public Transit, Restaurants, Very Convenient Location. Building Amenities: Gym, Party, Game, Media Room, Hot Tub, Sauna, Yoga Studio & Concierge (id:51158)
Homes for sale in Toronto
For sale $494,000
House For Sale in toronto, #508 -390 DIXON RD

#508 -390 Dixon Rd

Toronto, Ontario

2 Bedroom 1 Bathroom
Introducing an inviting 2-bedroom condo nestled conveniently near both the airport and major highways, offering unparalleled convenience for travelers and commuters alike. The grounds offer an indoor pool, gym, rec room, and more. Close to parks, schools, and all amenities. The newly installed kitchen boasts modern fixtures, quartz countertops, and ample counter space to inspire culinary adventures. Whether you're whipping up a quick breakfast before catching a flight or preparing a gourmet dinner to unwind after a busy day, this kitchen is equipped to cater to your every need.The spacious living space is open, freshly painted, and has newly installed flooring with an abundance of windows creating an inviting atmosphere that instantly feels like home. Both bedrooms offer large windows framing scenic views, and floor-to-ceiling closets offering lots of storage. This condo is truly a great opportunity to get your foot in the real estate market. (id:51158)
Homes for sale in Toronto
For sale $365,000
House For Sale in toronto, 2369 FINCH AVE W
Special Purpose

2369 Finch Ave W

Toronto, Ontario

1000 sqft
Services Available: Coin Laundry, Wash & Fold, Pickup & Delivery, Key Cutting. This Laundromat Is Surrounded By Many Apartment Buildings & Commercial Businesses. Leased To Nov-30-2025 Plus Two 5 Year Renewal Options. 16 Washers, 22 Dryers. Automatic Door Opener/Closer & Light Timer. Ozone System For High Efficiency Sanitizing Daily Household, Sports Equipment, Medical & Via Restoration Cleaning. **** EXTRAS **** 16 Dexter-Washers, 22 Dexter-Dryers, Upgraded Plumbing & Electrical, 2 Tankless Water Heaters, 2 Change Machines. (id:51158)
Homes for sale in Toronto
For sale $250,000
House For Sale in toronto, #205 -91 RYLANDER BLVD

#205 -91 Rylander Blvd

Toronto, Ontario

1567 sqft
Award-Winning Tutoring Franchise Opportunity! Located in bustling Abbey Lane Plaza, Scarborough East, this thriving tutoringand education franchise has served Grades 1-12 for 19 years. As a franchise of Oxford Learning, benefit from 40 years of industryexpertise and renowned reputation and proven business model. The head office ensures a seamless transition, managingmarketing, training, and educational materials. Positioned alongside anchor tenants like the Drive Test Centre and Canadian Tire,capitalize on high visibility and foot traffic. Easy access from the 401 and Kingston Rd. Business hours: Mon-Thurs: 1 PM - 9 PM,Sat: 10 AM - 1 PM. Don't miss this opportunity to own a turnkey business with a proven track record of success! **** EXTRAS **** List of chattels and fixtures available upon request. Will include proprietary curriculum, advertising brochures, centredecor/posters + furniture. (id:51158)
Homes for sale in Toronto
For sale $489,000
House For Sale in toronto, #505 -38 MONTE KWINTER CRT

#505 -38 Monte Kwinter Crt

Toronto, Ontario

2 Bedroom 1 Bathroom
Rocket Condos in the vibrant neighourhood of Clanton Park in North York. Convenient is an understatement.. Wilson Subway literally at your doorstep with indoor building access! A stone's throw to Yorkdale Mall, Highway 401/Allen Rd, restaurants, coffee shops, big box stores and more. Be at Union Station in 30 mins! Unit 505 is an open concept floorplan with modern finishes and features: quartz countertops, undermount sink, backsplash, engineered laminate flooring and large bathroom. Spacious den, perfect for working from home, reading nook and/or studying! Nice sized balcony with northeast views. 1 locker unit included in your purchase. Perfect for investors, first time home buyers, downsizers, and end-users all alike. Don't miss this fantastic opportunity to live in a diverse and walkable area. Welcome home. **** EXTRAS **** Building amenities include: concierge, gym, party/meeting room, outdoor BBQ area, bike storage, daycare, visitor parking. (id:51158)
Homes for sale in Toronto
For sale $130,000
House For Sale in toronto, #2111 -55 MERCER ST

#2111 -55 Mercer St

Toronto, Ontario

Conveniently located parking spot available at 55 Mercer Condos! This prime spot offers hassle free parking in the heart of the city. Situated within the secure confines of the condo building, enjoy peace of mind knowing your vehicle is well-protected. With easy access to major thoroughfares and nearby attractions, including shops, restaurants, and entertainment venues, this parking spot provides unparalleled convenience for residents. Don't miss out on the opportunity to secure your parking space in this coveted location! (id:51158)
Homes for sale in Toronto
For sale $489,000
House For Sale in toronto, #1112 -88 SCOTT ST

#1112 -88 Scott St

Toronto, Ontario

1 Bathroom
Luxurious Studio In Upscale Condo With 9' Ceiling In Financial District! South-West Exposure With View Of Fantastic Financial District! Tons Of Natural Light!! Window Overlooking A Quiet Courtyard. Great Location/Walk Score 100, Steps To All Major Amenities: Path, Union Station, St. Lawrence Market, Eaton Centre, Park, Theaters, Restaurant, Banks & Much More.... High Quality Finishing Unit, Wardrobe combination/Closet , Modern/Built-in Appliances, Roller Shade Coverings, Plus Generous Closet Space. **Furniture Negotiable **** EXTRAS **** Appliances - Fridge, Range Hood, Cooktop, Dishwasher, Microwave, Washer, Dryer, Elf's & Window Coverings. Amazing Amenities: Swim Pool, Sauna, Party Rm, Guest Suites, Full Gym, Roof Terrace With Bbq, 24Hrs Concierge. ***Furniture Negotiable (id:51158)
Homes for sale in Toronto
For sale $494,000
House For Sale in toronto, 390 DIXON Road Unit# 508

390 Dixon Road Unit# 508

Toronto, Ontario

2 Bedroom 1 Bathroom 915
Introducing an inviting 2-bedroom condo nestled conveniently near both the airport and major highways, offering unparalleled convenience for travelers and commuters alike. The grounds offer an indoor pool, gym, rec room, and more. Close to parks, schools, and all amenities. The newly installed kitchen boasts modern fixtures, quartz countertops, and ample counter space to inspire culinary adventures. Whether you're whipping up a quick breakfast before catching a flight or preparing a gourmet dinner to unwind after a busy day, this kitchen is equipped to cater to your every need. The spacious living space is open, freshly painted, and has newly installed flooring with an abundance of windows creating an inviting atmosphere that instantly feels like home. Both bedrooms offer large windows framing scenic views, and floor-to-ceiling closets offering lots of storage. This condo is truly a great opportunity to get your foot in the real estate market. (id:51158)
Homes for sale in Toronto
For sale $489,900
House For Sale in hamilton, 80 EAST 35TH Street

80 East 35th Street

Hamilton, Ontario

2 Bedroom 2 Bathroom 1105 sqft
Welcome to this charming century home nestled on a quiet street on Hamilton mountain. For the past few years, this delightful home has been operating as two thriving AirBnB units. Sit back and relax on the front porch overlooking the quiet street. As you enter the home, the main floor features a bright living room and an eat-in kitchen which was originally a bedroom. Upstairs, discover a bedroom with sitting area, a 3-piece bathroom adorned with a vintage clawfoot tub and a hall closet. The rear of the home is a second unit, complete with its own bright eat-in kitchen, 3-piece bath, laundry facilities & bedroom/sitting area. These 2 self-contained units present an ideal in-law suite scenario offering privacy & independence with separate entrances and an interior security door. Whether you envision maintaining the property as a dual-unit gem or a single-family layout, the possibilities are endless. Live comfortably in one unit while renovating the other, tailoring the space to your lifestyle preferences. The deck & fenced-in yard are perfect for outdoor gatherings and relaxing over the summer. A private driveway and convenient permit-free street parking, parking dilemmas become a thing of the past. Conveniently located near Concession St. shopping, public transit, highways, & Juravinski Hospital, this home embodies both convenience and charm. Don't miss out on the opportunity to make this versatile property your own – schedule a viewing today and let your imagination run wild! (id:51158)
Homes for sale in Hamilton
For sale $499,900
House For Sale in hamilton, 88 GARSIDE Avenue N

88 Garside Avenue N

Hamilton, Ontario

2 Bedroom 1 Bathroom 786 sqft
Attention first-time homebuyers and handymen! Nestled in the heart of East Hamilton, on a friendly, highly sought after street, this all brick gem awaits your creative touch. This property currently offers 2 large bedrooms, 1 bathroom, spacious eat-in-kitchen, parking and a sprawling backyard. With the potential to reconfigure into a 3+ bed layout with finished basement, the opportunities are limitless. Dont miss out on this opportunity in a vibrant east end location. (id:51158)
Homes for sale in Hamilton
For sale $455,000
House For Sale in toronto, #2301 -5 MASSEY SQ

#2301 -5 Massey Sq

Toronto, Ontario

1 Bedroom 1 Bathroom
5 Massey Sq. is the perfect place to relax in a bustling city! Minutes away from Taylor-Massey Creek trails, The Beaches, shopping/dining/entertainment along Danforth Ave; Transit made easy w/ close access to the DVP & TTC. Incredibly spacious unit, flooded w/ natural light ft. western exposure & large open balcony! Convenience at your fingertips w/ an ensuite washer/dryer & spacious living/dining area that's perfect for entertaining. Pride in ownership shows w/ upgrades thru-out: fridge/freezer, washer/dryer (2020); renovated bathrm (2022); custom closet doors main entrnce (2024); new hallway light fixtures; self-adhesive laminate floor in main foyer & kitchen (2024). Incredible building amenities incldng squash & basketball courts & indoor pool & fitness centre! **** EXTRAS **** Ample parking spots for rent directly from management, only $56.10 p/month. Free visitor parking. Affordable annual locker rental only $112.20 p/year! Lobby entrance, intercom & security system in building all in process of being upgraded! (id:51158)
Homes for sale in Toronto

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.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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!

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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 Listing, Homes for Sale

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.