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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..
110 King St
Hamilton, Ontario
Everest Tandoori Kitchen presents an exceptional opportunity for aspiring entrepreneurs in the culinaryindustry. Strategically located in Jackson Square Mall, Hamilton, this vibrant eatery enjoys high foottrafcfrom locals and visitors alike. Situated close to McMaster University residency, it caters to adiverseclientele,including students, faculty, and residents. Boasting a delectable menu of authentic Indian cuisine, EverestTandoori Kitchen has built a strong reputation for quality, favor, and service in the area. With its primelocation and established customer base, this turnkey restaurant offers an ideal foundation for continuedsuccess and growth. Don't miss out on this chance to own a thriving business in one of Hamilton's mostbustling locations. Act now to seize thispromisingventure in the heart of Hamilton's bustling culinary landscape. (id:51158)
#1213 -100 Wingarden Crt
Toronto, Ontario
Priced To Sell 1+1 Bedroom (Den Can Be Used As 2nd Br), Prim Bedroom With W/i Closet and 2pc washroom. Walk Out To Balcomy,Eat in Kitchen, One Parking Spot. Walking Distance To Medical Center, Pharamcy, Malvern Town Center, Park, Schools. TTC, Mins To Hwy 401, Uoft (Scarborough Campus), Centennial Collage, Place Of Worship. (id:51158)
425 Yonge St
Toronto, Ontario
LOCATION! LOCATION! LOCATION! Exciting business opportunity to own a profitable well know GIFTS STORE & HOME DECOR ITEMS www.globalgifts.ca on prime location in Yonge St (Yonge & college) in Toronto. This is an owner operated location since 2019. Owner is retiring. Ideal for Family Operated Business. Possible to double sales. Global Gifts, formerly recognized as Andalous Imports, is a well- established Canadian company. We specialize in providing an extensive array of international giftware and home decor items, catering to both retail and wholesale customers. Buyer will be provided free training by seller. **** EXTRAS **** Lease Rent $ 7000 Per Month Including TMI. Hst Extra, Lease Expiry in 2030, After That Lease Extension 5 + 5 Years till 2040. This Is NOT A Franchise. Two Dedicated Car Parkings Underground. INVENTORY COST IN ADDITION TO PURCHASE PRICE. (id:51158)
851 Queenston Road, Unit #204
Hamilton, Ontario
Schedule B+C+D must accompany all offers. Sold 'AS IS' basis. Seller has no knowledge of UFFI. Buyer is to verify taxes, condo fees, and any rental equipment. Seller makes no representation and/or warranties. Buyer is to assume special assessment in the amount of approximately $69,136.00 (id:51158)
#211 -4438 Sheppard Ave E
Toronto, Ontario
*Sales of Property with Business* Welcome To The Well Established Food Court, Rare Opportunity In Prime Location of Scarborough! *Visitors Will Appreciate The Convenience Of Ample Parking, Both Above Ground And Underground, Fully Upgraded Exhaust, Walk-In Freezer & Kitchen Equipment, Enormous Restaurant Size Kitchen To Accommodate Catering Services. Renting Storage Rm & Sell with Equipment. Don't Miss This Fantastic Opportunity To Grow Your business In A Prime Location! **** EXTRAS **** All Financial Statements, List of Chattels & Equipment Are Available Upon Request & Signing A Confidentiality Agreement.ELF, Unit Is Finished.Showing Time:Mon,Tues,Thur, Fri, Sat, Show Before 11:00am Or After 7:00pm. **Closed Wednesday** (id:51158)
30 Summit Avenue, Unit #202
Hamilton, Ontario
Location, location, location! This fully updated one-bedroom condo is just steps away from shopping, hospitals, and the Mountain Brow. This recently renovated unit offers a new kitchen, bathroom, floors, ensuite laundry, one carport parking spot, a locker, and an open balcony. It's an affordable living option that's conveniently located near all amenities. This is a great opportunity for first-time buyers, investors, or those looking to downsize. The condo is move-in ready and waiting for you! This is a power of sale property. (id:51158)
389/391 Avondale St
Hamilton, Ontario
Vacant Lot In The Heart Of Hamilton's Industrial District. Ideal For Self-Employed Contractors. Building Permit issued for Plans To Build Stand Alone Building Approx. 229 sq.m. See Plans attached . Many Uses Permitted. (id:51158)
#201 -1038 Garner Rd W
Hamilton, Ontario
Brand new unit in great location of Prestigious Business Park in Ancaster, which is a growing and expanding area. Easy access to Hwy 403. Close to major plaza, incl. Walmart, Canadian Tire, and more stores! Walking distance to offices and residential buildings, high schools, and colleges. Excellent location and great investment opportunity!!! (id:51158)
#1 & 2 -1309 Main St
Hamilton, Ontario
Prime location! Williams Fresh Cafe, conveniently situated across from McMaster Hospital & University, offers a lucrative opportunity for aspiring entrepreneurs. Ideal investment opportunity with this bustling Cafe located strategically down the street from Columbia College and in the heart of the vibrant Westdale neighbourhood which includes tens of thousands of students in the immediate area. Unlock the potential of this thriving Cafe that has been long established since 1999! Open 7 days a week to conveniently cater to all demographics. (id:51158)
#202 -30 Summit Ave
Hamilton, Ontario
Location, location, location! This fully updated one-bedroom condo is just steps away from shopping, hospitals, and the Mountain Brow. This recently renovated unit offers a new kitchen, bathroom, floors, ensuite laundry, one carport parking spot, a locker, and an open balcony. It's an affordable living option that's conveniently located near all amenities. This is a great opportunity for first-time buyers, investors, or those looking to downsize. The condo is move-in ready and waiting for you! This is a power of sale property. **** EXTRAS **** Parking spot number (UG17). (id:51158)
#b -447 Speers Rd
Oakville, Ontario
Own and operate a family-owned bakery cafe with a rich history of two decades , this establishment built a solid reputation for delivering quality delights to its customers. Prime location w/ high traffic, the property offers amazing visibility & accessibility. A diverse menu includes their signature Portuguese tarts, pastries, breads, gourmet sandwiches, soups, meat & fish. This turnkey operation presents a seamless transition for new owner. Expand current hours & days of operation & catering to increase revenue. Total Space 2700 SF w/ 850SF retail/seating. LLBO for 30 ppl. Low monthly rent. (id:51158)
#662 -664 The Queensway
Toronto, Ontario
Gorgeous licensed restaurant with patio on the Queensway in Etobicoke located on a great section in the neighbourhood. This popular business boasts excellent sales and has been completely renovated top to bottom from the front of the house to the back with a 9 ft commercial hood, tons of high-end equipment, and party rooms for additional income. Tons of light and a great layout with a long bar and full production kitchen capable of handling a full house. **** EXTRAS **** Licensed for 96 plus the patio with an attractive lease of $7,522 gross rent with 5 + 5 years remaining on the lease. 2,400 sq ft main floor with a full basement and a gorgeous back patio. Available with training or for rebranding. (id:51158)
#a207* -4211 Sheppard Ave E
Toronto, Ontario
** Newly Renovated. Move In Condition. Price Includes 2 Units A207 & A208. Rough In Water Tube. Good For Beauty Salon, Office, School, Retails. Potential TTC Station Nearby. **** EXTRAS **** Electric Light Fixtures, Heating & Cooling System (id:51158)
#204 -115 Bonis Ave S
Toronto, Ontario
This Immaculate Unit, Located In Prestigious Shepherd Gardens, A Caring Community That Takes Pride In Providing An Enhanced Quality Of Life To Their Residents. A Life-lease Residence For Seniors 65+, Located On Beautifully Landscaped Grounds And Gardens. There Are No Rentals In The Building. Residents Have Access To All The Amenities That Shepard Village Has To Offer Including Indoor Salt Water Pool, Hair Salon, Pharmacy, Cafe, Chapel, Car Wash Bay And Many Social And Recreational Programs. Guests Suites Available. View The Attachments For Further Details, Including A Buyers Guide. This Unit Is A Modified Hawthorne Model And Previous Owner Spent Approx. $50,000 In Upgrades To The Unit Including Flooring, Mirroring Of The Double Closet Doors And Removal Of The Sun-room Division Creating Extra Living Space In The Living/dining Area. Kit Now Has A Pass-through To The Dining Area. In-suite Laundry. Unit Has Easy Access To Outdoors With Large Windows. **** EXTRAS **** One Exclusive Underground Parking And Exclusive Locker (id:51158)
667 Bloor St W
Toronto, Ontario
Fantastic opportunity To Operate a thriving and lucrative business in the heart of downtown. A Lot OfPotential with a loyal customer base, this opportunity comes with a low monthly rent of $3,350(Base rent+ TMI). Currently, the business specializes in Korean skincare lines and offers a range of skintreatments. Addition of services such as RMT or a Medical SPA could substantially enhance profits for the new owner.A recent renovation(Dec 2023)has further elevated the appeal of the establishment and with new developments in the neighborhood, the potential for growth is even more promising. Positioned near two subway stations and bursting pedestrian traffic, this opportunity is truly exceptional. (id:51158)
#3 -1251 Yonge St
Toronto, Ontario
Unlock the gateway to entrepreneurial success with this dynamic dry cleaning depot in downtown Toronto! Nestled at Yonge St and St. Clair for over 30 years, it commands a loyal customer base and generates weekly sales of $3,800, with a net income of $90,000 annually. Spread across 610 square feet, the depot offers seamless operation with three efficient sewing machines, catering to various alteration needs. With a newly secured five-year lease starting June 24, 2023, inclusive of utilities such as TMI, Gas, and Water, the overheads remain remarkably low at $3,106 plus HST per month. Operating six days a week (9 AM to 6 PM on weekdays, 9:30 AM to 5 PM on Saturdays), this business presents a golden opportunity. Boasting 16 years of dedicated expertise, the current owner, who wishes to retire, ensures a smooth transition for the buyer. With no franchise obligations and the business up for sale, this turnkey operation is positioned for exponential growth. **** EXTRAS **** Very Low Rent @ $3106 plus HST/Month(including Tmi/Gas/Water), Weekly Sales $3800, Net Income$90,000/Year. 16 Years Operation(Current Owner),610 Sq.ft. *HIGH QUALITY CUSTOMERS/BIG POTENTIAL FOR ALTERATIONS* (id:51158)
#1405 -70 Temperance St
Toronto, Ontario
Exclusive studio unit with one locker in the heart of the Financial District. Modern finishes & European appliances. 9 foot ceilings. W/O to balcony. Steps to path, subway. Amenities include outdoor terrace, game room, 24hr concierge, fitness centre, theater room, and more! **** EXTRAS **** Fridge, cooktop, microwave, wine fridge, washer & dryer. One locker included. (id:51158)
3210 Yonge St
Toronto, Ontario
Extremely well-established & environmental friendly dry cleaning plant located in highly coveted area. ******High Income Community***** High Volume Of Sales ***** Rent $6,552 (TMI Inc.) High Annual net income as per vendor. Loyal friendly customer. ****All D/C machines, sewing machines & water saving system are included in the purchase price*****Well-Maintained machines. Alterations service on the premises. Training will be provided by sellers. Current owner has been operating this business since year 2004 !!!!! Do not miss out once in a lifetime opportunity!!! All showings through listing brokerage!!!!!! Unauthorized visit is absolutely not allowed!!! **** EXTRAS **** High income neighbourhood, close to all amenities. Excellent income producer!!!! (id:51158)
1309 Main Street W, Unit #1&2
Hamilton, Ontario
Prime location! Williams Fresh Cafe, conveniently situated across from McMaster Hospital & University, offers a lucrative opportunity for aspiring entrepreneurs. Ideal investment opportunity with this bustling Cafe located strategically down the street from Columbia College and in the heart of the vibrant Westdale neighbourhood which includes tens of thousands of students in the immediate area. Unlock the potential of this thriving Cafe that has been long established since 1999! Open 7 days a week to conveniently cater to all demographics. (id:51158)
447 Speers Road Unit# B
Oakville, Ontario
An exceptional opportunity awaits to own and operate a renowned family-owned bakery café in Oakville. With a rich history spanning almost two decades, this establishment has built a solid reputation for delivering top quality delights to its dedicated customer base. Positioned strategically in a prime location with high traffic, the property offers amazing visibility and accessibility. A diverse menu features an assortment of offerings, including their signature Portuguese custard tarts, pastries, breads, gourmet sandwiches, soups, meat and fish specialties. Benefiting from a steadfast and loyal clientele, this turnkey operation presents a seamless transition for prospective owners. Opportunities abound to expand current business hours and days of operation and catering to capitalize on potential revenue growth. Total Space 2700 SF with 850SF for retail and seating area. LLBO for 30 persons. Low monthly rent. (id:51158)
835 Bloor St
Toronto, Ontario
CORNER REAL ESTATE!! SHAW AND BLOOR... PRIME LOCATION IN NO OTHER THAN 'CHRISTIE VILLAGE' APPROXIMATELY; 1250 SF WITH A 2ND FLOOR SET UP WITH SEATING (X15). FLOOR PLAN (ATTACHED HERE) IS DESIGNED AND DEDICATED SPACING DIVIDED INTO KITCHEN, (SMALL OFFICE) AND RETAIL AREAS. SO MUCH POTENTIAL FOR MORE ADDITIONAL SEGMENT TO GROW! STREET PARKING,IN THIS GENERATIONAL COMMUNITY. AMAZING, WALKING SCORE , PUBLIC TRANSIT IS ADVANTAGEOUS ATTRIBUTE OF THIS THRIVING NICHE BUSINESS. OPENED IN 2020 WITH AN IMMENSE GROWING POTENTIAL. BUSINESS IS BEING SOLD WITH MOST TOOLS AND MACHINERY, (LISTED ATTACHED). THE NAME WILL REMAIN WITH THE SELLER/OWNER. THE LEASE REMAINING FOR ANOTHER 2 YEARS IS A DEFINITE ASSET!! TURN - KEY WITH MANY OPPORTUNITIES TO BOAST! **** EXTRAS **** CHATTELS AND RENOS (LEASEHOLD IMPROVEMENTS); GREEN WALL PANELS, TALL TABLE AND CHAIRS, GLASS RAIL GUARD AND MEZZANINE, COUNTERTOP, INCLUDING STONE COUNTERS, MILLWORK, SOUND & MUSIC SPEAKERS, MEGA TOP SANDWICH/SALAD BAR ATOSA 60W,AND MORE! (id:51158)
#1006 -100 Leeward Glwy
Toronto, Ontario
Spacious 1 BR.Great location of Don Mills And Eglinton, Close To DVP, Toronto Downtown, Steps to TTC. & Schools, Close to Agakhan Museum and Park, Grocery stores, Ontario Science Centre, Costco, Public Golf Course, Go Green Cricket Field, Tennis Courts, Running Track, Soccer Field, New Eglinton Crosstown LRT Station, 24 Hour Security. Low Maintenance Fee Includes Cable, Water, Heat, Hydro, Locker And Parking. **** EXTRAS **** Stove, Fridge, Elf's. (id:51158)
#20 -1125 Bloor St
Mississauga, Ontario
Well Established Dry Cleaning Business on sale in a Busy Plaza With LCBO, Beer Store, Shoppers Drug, Tim Hortons, Doller Store, Convenience Store, Pizza Store & More. Established in Residential area and Surrounded By High-Rise Bldgs. Low Monthly Rent-$2500+HST including TMI. Yearly sales from Laundry / Alternations 66K Yearly. Profit-60%. 1 Hamming Machine and 1 Stitching Machine included in sale. Profitable Business and can convert to other small Business. **** EXTRAS **** 1 Hamming Machine and 1 Stitching Machine. (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.