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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
$499,800
601 - 2067 LAKE SHORE BOULEVARD W, toronto, Ontario

601 - 2067 Lake Shore Boulevard W

Toronto, Ontario

A Must See! * 1Br Corner Suite In Boutique-Style Condo! Waterfront Community, Partial Lake View! Well Maintained, Open Concept Layout, laminate flooring, 620sqft, 9' Ceiling, Large Living/Dining Area W/ Floor-To-Ceiling Windows. Kitchen w/ss appliances, Great Amenities: 24-Hr Concierge, Roof Top Terrace W/ Bbq Area, Indoor Pool, Whirlpool, Party/Meeting Room, Rec. Room, Sauna, Visitor Parking,Etc. Steps To Waterfront Trails, Parks. Close To Hwy, Public Transit & All Amenities. **** EXTRAS **** All Existing Elf's & Window Coverings. Fridge, Electrical Stove, B/I Dishwasher, Stacked Washer &Dryer.1 Parking & 1 Locker Included! ** Kitchen Gas Line Ready For Gas Stove ** (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
223 - 7 SMITH CRESCENT, toronto, Ontario

223 - 7 Smith Crescent

Toronto, Ontario

Beautiful One Bedroom 576 sq. ft Corner Unit with Wrap Around Floor to Ceiling Windows and Beautiful View overlooking Tranquil Park. This Modern Condo Unit Features 10 ft. ceiling heaights with a Spacious And Bright Living Room Overlooking Queensway Park, W/O To Balcony, and Modern Kitchen with B/I Appliances, Center Island & Quartz Countertop. Spacious bedroom with large Closet & Windows. Very Quiet Corner Unit with Virtually No Neighbours! Short Walk To Mimico Go Station, Local Restaurants, Groceries , School, Cinema & Shops, Close To Sherway Gardens, Bloor West Village, Minutes To Hwys, Royal York Subway Station, & More. Amenities Include: Gym, Lounge/Party Room, Kids Playroom, Hobby/Craft Room, Outdoor Terrace with Gas Bbq's, and Rooftop garden Plots. Steps To No Frills/Costco/TTC & Ikea, Sherway, Easy Access To Hwys & 15 min drive to downtown. **** EXTRAS **** Fridge, Stove, Dishwasher, Washer/Dryer, Premium Electrical Light Fixtures and Premium Window Coverings. Underground Parking Space and Storage Locker. (id:51158)

1 Bedroom 1 Bathroom
For sale
$429,900
402 - 121 KING STREET E, hamilton, Ontario

402 - 121 King Street E

Hamilton, Ontario

* New luxury condo in the heart of downtown Hamilton * Prestigious Gore Park lofts * Duralox anti-scratch vinyl flooring * Solid core wood doors * Soaring ceilings & many large windows * Modern Kitchen includes quartz counter-tops & tile backsplash * Built-in cabinetry * Stainless steel stove, dishwasher & fridge * Built-in microwave * LG front load washer & dryer * Parking spaces available for rent in nearby lot * Secured front entry * **** EXTRAS **** Close to farmer's Market, McMaster University downtown campus, City Hall, Hamilton Convention Centre, Nations Fine Foods, Art Gallery of Hamilton, best restaurants & trendy shops. Easy access to \"GO\" station, public transit & Hwy 403. (id:51158)

1 Bedroom 1 Bathroom
For sale
$485,000
908 - 3145 QUEEN FREDERICA DRIVE, mississauga, Ontario

908 - 3145 Queen Frederica Drive

Mississauga, Ontario

Welcome to urban living! This affordable, updated and freshly painted corner approx 700 sq ft 2 bed + 1 bath condo with a parking space offers lovely open space and breathtaking views from the 9th floor, large balcony, plenty of storage in 5 closets, including 2 walk in closets. Well kept condo complex in the great location of Mississauga, minutes from the Toronto border. Access to transportation with easy connection to TTC, 5 min to GO Train, all major HWY, close to great shopping plazas, all amenities just around the corner variety of restaurants and entertainment. Surrounded by trails and parks. Maintenance fee includes all utilities, TV & internet. Get settled for Summer. Just move in and enjoy outdoor swimming pool, playground for children and BBQ for everyone. **** EXTRAS **** Ongoing elevator modernization project, maintenance fee includes all utilities: water, heat, hydro, cable TV, high speed unlimited internet, building insurance, parking. (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,900
608 - 2500 BRIDLETOWNE CIRCLE, toronto, Ontario

608 - 2500 Bridletowne Circle

Toronto, Ontario

Totally Renovated Condo Apartment, With New Kitchen, New Bathroom, New Floors, The Den With A Closet and Large Window has been converted to 2nd Bedroom. Sliding Glass Door From Living Room To The Balcony. All Windows Have Recently Been Replaced As Well As New Fitness Equipment. A Light-Filled Unit With Laundry & Ensuite Storage room. New Flooring, Professionally Painted . Prime Location - Walking Distance To Ttc, Library, Banks, Hospital, Bridlewood Mall & L'amoreaux Coll Inst, Schools, Steps To Parks & Metro, Shops & Restaurants & Many More .Minutes To Hwys 401 or 404 and Subway Station. **** EXTRAS **** All existing S/S appliances: Fridge, Stove, Dishwasher (as is), Microwave, Stacked Front load Washer & Dryer ,All Electrical Light Fixtures, Bldg Amen: Party/Meeting Room, Recreation Room, Sauna, Security System, Visitor Parking. (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,000
604 - 120 PARLIAMENT STREET, toronto, Ontario

604 - 120 Parliament Street

Toronto, Ontario

One Bed with Large Balcony like Terrace At East United Condos! high ceiling, Floor To Ceiling Windows. W/O To Balcony, Kitchen Has Beautiful Counter top And Backsplash. Close To St. Lawrence Market, Distillery, George Brown, Entertainment District, Transportation. Why hesitate? Go and see it today!! (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
705 - 115 BLUE JAYS WAY, toronto, Ontario

705 - 115 Blue Jays Way

Toronto, Ontario

Want to have a quiet life in busy Downtown area & want to live in a safe and luxury area in downtown area? Then this unit will bring you the wonderful life! There is a path that leads directly to the subway station. You can jog everyday with your pets and spend mindful days in harbourfront. Why hesitate? Go and see it today!! (id:51158)

1 Bedroom 1 Bathroom
For sale
$459,900
1812 - 5 MASSEY SQUARE, toronto, Ontario

1812 - 5 Massey Square

Toronto, Ontario

Spacious 2-Bedroom Plus Enclosed Balcony. Panoramic View From This Level. Update kitchen, laminated floor and washroom. Plenty Of Visitor's Parking. Superlative Facilities. Close To Shops/Ttc/Amenities. Walking distance to Victoria Park Subway. **** EXTRAS **** Refrigerator, Stove, Electric Lighting Fixtures. (id:51158)

2 Bedroom 1 Bathroom
For sale
$484,990
1116 - 215 QUEEN STREET W, toronto, Ontario

1116 - 215 Queen Street W

Toronto, Ontario

Well-designed studio unit in the award-winning Smart House condos. High-demand location with a 100% walkscore near transit, restaurants, entertainment, shopping, universities, and hospitals. 1 minute walk to Osgoode Station. Floor-to-ceiling windows for natural sunlight. Bicycle stacker unit included. (id:51158)

1 Bathroom
For sale
$399,900
326 - 120 VARNA DRIVE, toronto, Ontario

326 - 120 Varna Drive

Toronto, Ontario

Luxurious, Open Concept, Junior ""Prada 2"" 1 Bedroom in the Yorkdale Condominium. Stunning Floor to Ceiling Windows, Walk Out To A Huge 184 sq.Ft. Terrace. Upgraded Modern Kitchen With Granite Counters & Stainless Steel Appliances Ceramic Backsplash, Laminate Floor Throughout. Built in ""Ikea"" Wall Unit With a Lot of Stoage. 1 Locker. Low Maintenance, Great Facilities: Patio with BBQ, Gym, Party Room. Prime Location- Yorkdale Subway Just Around the Corner, Yorkdale Mall, 401 Highway, Allen Rd, York University/ Downtown, Great Parks & Shops. **** EXTRAS **** Seller Has Permission From Condo Management to Install Partition Between Living and Bedroom area. (id:51158)

1 Bedroom 1 Bathroom
For sale
$479,000
2205 - 1 PEMBERTON AVENUE, toronto, Ontario

2205 - 1 Pemberton Avenue

Toronto, Ontario

Spacious 1 Bedroom Unit With Unobstructed East View, Parking And Locker. Amenities Including 24 Hours Gatehouse, Exercise Room, Party Room & Visitors Parking. Direct Access To Finch Station, Viva & Go Transit. Minutes to Yonge Street Amenities, Parks, Restaurants, Shops, Supermarkets, Schools, Library & North York Centre. Maintenance Fee Includes Heat, Hydro & Water. **** EXTRAS **** As is: Fridge, Stove, Stacked Washer & Dryer. All Window Coverings & Electric Light Fixture. Parking & Locker. (id:51158)

1 Bedroom 1 Bathroom
For sale
$485,000
35 - 4620 GUILDWOOD WAY, mississauga, Ontario

35 - 4620 Guildwood Way

Mississauga, Ontario

Excellent Location! One Bedroom & One Bath Townhouse, With 1 Parking Spot. Live Next To Square One And Heartland, Go Bus Terminal, Sheridan College And So Much More! Walking Distance To Scotiabank, McDonald's, No Frills, Convenience Store, Parks, Transit & Schools. Highway 403& 401 Access. Open Concept, Suitable For Everyone, Couple/Young Family. **** EXTRAS **** Fridge, Stove Dishwasher Washer And Dryer , Mississauga Transit At Door Steps** Close to Square One Heartland, Grocery, Parks, Hospital, Hwy 403 & 401** Close To All Amenities** Excellent Location!! (id:51158)

1 Bedroom 1 Bathroom

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.