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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
LPH09 - 160 VANDERHOOF AVENUE, toronto, Ontario

Lph09 - 160 Vanderhoof Avenue

Toronto, Ontario

Modern City Lifestyle with a Convenient Location. Steps To TTC, Future LRT, Shopping (Smart Crt, Sobey's, HomeSense, Home Depot, Etc.) Schools & Parks. Great Investment Opportunity or Perfect for the Young Professional/Student. Building Amenities Offer a Wide Range of Entertainment Possibilities from Taking a dip in the Pool to BBQ'ing with Some Friends or Staying in for Movie Night at the Theatre. This Condo Truly Has It All !!! PET FRIENDLY!!! **** EXTRAS **** Stunning 487 Sf + 77 Sf Balcony Lower Penthouse Unit. Walk To Sunnybrook Park And Trails! Great Location ! Luxurious Amenities Incl: Fitness/Yoga Lounge, Indoor Pool, Media Lounge, Theatre, Party Room And Garden. (id:51158)

1 Bedroom 1 Bathroom
For sale
$464,900
603 - 346 THE WEST MALL, toronto, Ontario

603 - 346 The West Mall

Toronto, Ontario

Urban living at its best in this fabulous unit located in the heart of Etobicoke's popular Bloordale Gardens neighbourhood. Just steps away from Bloor Street, with easy access to the 427 and TTC, this convenient location puts everything within reach.Spacious layout and desirable West exposure of this unit, offering a huge balcony with clear views. Upgrades including newer windows, kitchen, built-in roller blinds, and your own laundry room enhance the comfort and convenience of living here.With a well-maintained building and recent improvements, you can enjoy peace of mind along with the included condo fees covering ALL UTILITIES AND TAXES. **** EXTRAS **** combo washer/dryer, fridge, stove, roller blinds, all elf's except as excluded (id:51158)

1 Bedroom 1 Bathroom
For sale
$38,000
3834A BLOOR STREET W, toronto, Ontario
Retail and Wholesale

3834a Bloor Street W

Toronto, Ontario

Excellent opportunity to own a Dry-Cleaning Depot & Plant. This business, located in a busy area, includes pants and shirts press machines but excludes dry cleaning machines. It is ideal for depot wholesale operations. Close to new condos and offices enhances its potential. Weekly sales average $3,000, with alterations for 30%. The rent is $3,500 (TMI included), and a new lease is available. This business has high growth potential and is well-suited for someone skilled in alterations and repairs. A full set of sewing machines is included. **** EXTRAS **** Not Franchise. (id:51158)

1100 sqft
For sale
$419,900
603 - 75 QUEEN STREET N, hamilton, Ontario

603 - 75 Queen Street N

Hamilton, Ontario

Priced to sell and filled with investor potential, welcome to the heart of urban living in the Strathcona neighbourhood of Hamilton! This 3-bed, 2-bath condo at 75 Queen Street North is an fantastic opportunity for both investors and first-time buyers. With over 1200 sqft, located near McMaster University and the Bayfront Park, this property promises future growth. Enjoy secure underground parking and luxurious amenities including a pool, sauna, gym, tennis courts and more. Surrounded by trendy cafes, shops, and cultural attractions, this condo epitomizes city living at its finest. Don't miss out on this lucrative investment. RSA. High-Speed Internet, Bell Fibe Cable, Water included in the monthly fees. **** EXTRAS **** Interior Features: Carpet Free, Concierge/Security, Fire Alarm System, Intercom, Lockers, Security System, Squash/Racquet Court (id:51158)

3 Bedroom 2 Bathroom
For sale
$379,999
518 - 3100 KEELE STREET, toronto, Ontario

518 - 3100 Keele Street

Toronto, Ontario

Live Freely At The Keeley! Where Modern Living Meets The Tranquility Of Nature In Vibrant North York, Toronto. This Stunning 1-Bedroom Condo Offers An Urban Retreat With An Eastern View, Allowing You To Wake Up To Sunrises Every Day. This Thoughtfully Designed Unit Has A Functional, Open-Concept Layout With Ample Storage Space. Be Among The First Residents To Enjoy Amazing Amenities, Designed For All Ages And Stages Of Life. From A Children's Playroom, To A State-Of-The-Art Gym And All Kinds Of Interesting Spaces To Meet & Greet. Step Outside And Immerse Yourself In The Lush Greenery Of Downsview Park, A Large Destination Park Which Offers Everything From Nature and Education to Sports, Recreation, and Cultural Events. Close To Everything You Need Including Public Transportation, York University, Centennial College, Humber River Hospital & More. **** EXTRAS **** Parking & Locker. Upgraded Medicine Cabinet In Bathroom. Under Tarion Warranty. Maintenance Fees are Sub-metered and Billed by Carma. (id:51158)

1 Bedroom 1 Bathroom
For sale
$99,000
802 DANFORTH AVENUE, toronto, Ontario
Restaurant

802 Danforth Avenue

Toronto, Ontario

Turnkey quick service restaurant (QSR) that is ideal for franchises and independent operators tore brand. This is a prime location on the Danforth, just steps from the iconic Welcome To Greek Town sign and the legendary Square Boy Burgers. This is an up and coming foodie strip. The 1,300 sq ft space is on the sunny north side of the street. Seating for 30 and features a 1920s era tin ceiling. Commercial garage door window that opens to street + unique rear window that opens to side alley. Retro green striped awning in place for shaded patio. **** EXTRAS **** New lease provided with a gross rent of $6,200 including TMI and a 5 + 5 + 5 year term. 13 foot hood with pide pizza oven and other equipment/chattels but available for just about any setup. 1 walk-in and1 parking. (id:51158)

1 Bathroom 1300 sqft
For sale
$399,000
1306 - 1 JARVIS STREET, hamilton, Ontario

1306 - 1 Jarvis Street

Hamilton, Ontario

Step Into The Vibrant Heart Of Downtown Hamilton At 1 Jarvis Street! This Freshly Built Condominium Epitomizes Urban Living With Its Contemporary Design And Convenient Location. Step Inside This Luminous, Carpet-Free Dwelling Featuring One Bedroom And A Full Bathroom, Providing Ample Space For Comfortable Living. The Open-Concept Layout Is Perfect For Hosting Gatherings, Boasting A Modern Kitchen Outfitted With Stainless Steel Built-In Appliances &Quartz Countertops. Natural Light Floods The Inviting Living Area Through Full-Sized Sliding Doors, Leading To A Balcony The Perfect Spot For Your Morning Coffee Or Evening Cocktail. The Tranquil Bedroom Offers A Serene Escape, Complete With A Full-Height Window For Abundant Natural Light. Indulge In The Array Of Amenities Complemented By Attentive 24-Hour Concierge Service. Situated At The Core Of Hamilton, Enjoy Effortless Access To All Transit. (id:51158)

1 Bedroom 1 Bathroom
For sale
$239,900
22 - 3455 FAIRVIEW STREET, burlington, Ontario
Restaurant

22 - 3455 Fairview Street

Burlington, Ontario

Amazing Opportunity To Own A Well Established Bubble Tea Franchise Situated In a Prime Retail Location In Burlington. Great Opportunity For the Entrepreneur To Own A Turn Key Profitable Business With Highly Skilled Staff. Beautiful Build Out With New Equipment & Fixtures. HighTraffic Area With Ample Parking In Plaza. HUGE Potential To Join One Of the Fastest Growing New And Reputable Brands Kung Fu Tea. Do NotGo Direct. Do Not Talk To Employees. Training Provided. **** EXTRAS **** LOW Rent of $2,424.50 Per Month + TMI First Lease Renewal August 2025 + Several Options to Renew. Lease Agreement + FranchiseAgreement Available (id:51158)

2 Bathroom
For sale
$499,000
509 - 60 GEORGE BUTCHART DRIVE, toronto, Ontario

509 - 60 George Butchart Drive

Toronto, Ontario

Welcome To This Beautiful 1 Bedroom South Facing Cn Tower View Condo Right In The Heart Of 291 Acre Downsview Park. Step Inside To Discover An Inviting Open-Concept Layout With Floor-To-Ceiling Windows That Flood The Space With Natural Light. The Unit Boasts $10K In Builder Upgrades, Including Sleek Smooth Ceilings, Stylish Kitchen Island & High-End Finishes Throughout. You'll Love Cooking In The Modern Kitchen, Equipped With Full-Size S/S Appliances & Elegant Quartz Countertops. Spacious 105 SqFt Balcony, Perfect For Enjoying Morning Coffee Or Evening Sunsets. The Building Offers An Array Of Amazing Amenities Including Communal Bar, BBQ Area, 24/7 Concierge, Fitness Center With Yoga & Boxing Studios, Lounge, Children's Playground, Study Niches, Co-Working Space, Rock Garden, Pet Wash Area. This 7 Storey Luxury Boutique Building Has It All! Move In And Enjoy! **** EXTRAS **** Tarion Warranty, Perfect Location, Close To Subway, Go Station, Hospital, York University, Shopping And Major Hwy's 401/400/407 (id:51158)

1 Bedroom 1 Bathroom
For sale
$329,000
6 - 2555 DIXIE ROAD, mississauga, Ontario
Food Services and Beverage

6 - 2555 Dixie Road

Mississauga, Ontario

Sweet&Salty Bakery Excellent bakery pastry business with ample parking.Wholesale and retail business in fantastic location Dixie/Dundas.Close to Walmart,Costco,Go Station.Very good income producing bakery . **** EXTRAS **** List of equipment and chattels. (id:51158)

2000 sqft
For sale
$128,000
E - 2576 HAINES ROAD, mississauga, Ontario
Automobile

E - 2576 Haines Road

Mississauga, Ontario

Beautiful Automotive Mechanic and Body Shop In The Best Location Of Mississauga. It boasts An Excellent Location for High Visibility and Accessibility. Great Turnkey Opportunity, Royal Customers, Busy Business, Lovely Space Corner Unit. Large Drive In Door. Ample Parking, Low Rent, Lease Until 2027. (id:51158)

2056 sqft
For sale
$419,999
1619 - 1 MASSEY SQUARE, toronto, Ontario

1619 - 1 Massey Square

Toronto, Ontario

Beautiful Home with Very Spacious living space. Enclosed Balcony Can be used as a Solarium Room or a Den. Building amenities such as an indoor pool, sauna, party room, gym and more. Underground parking and locker assignment. Amazing Location! Walking distance to Subway, Go Train, TTC, and LRT. Minutes to shopping, schools and more. Maintenance fee include Water, Heat, Hydro,.... **** EXTRAS **** Range Hood, Refrigerator, Stove, wall units air conditioner (id:51158)

1 Bedroom 1 Bathroom
For sale
$490,000
416 - 2 GLAMORGAN AVENUE, toronto, Ontario

416 - 2 Glamorgan Avenue

Toronto, Ontario

Welcome to The Copenhagen! This beautifully updated unit offers ample living space, including a balcony with a tranquil garden view. The open-concept layout creates a spacious feel, with wall-to-wall windows flooding the ""L"" shaped dining and sitting area with natural light. The kitchen boasts ample storage and counter space. Freshly painted with stylish zebra blinds, updated vinyl flooring throughout. Building has been completely renovated over the past years and includes modern features and amenities like overnight security, gym, recreation/party room, bicycle storage room, billiards room and BBQ area. Enjoy the convenient access to transit - just a 1-minute walk to the nearest stop, and a 9-minute walk to Highland Farms grocery store. Additionally, you'll love the proximity to Metro, Starbucks, and multiple restaurants offering vegetarian and fusion options. Don't miss your chance to make The Copenhagen your new home! **** EXTRAS **** Garden view, tranquil environment (id:51158)

2 Bedroom 1 Bathroom
For rent
$18,000 Monthly
5 RELMAR ROAD, toronto, Ontario

5 Relmar Road

Toronto, Ontario

Welcome To 5 Relmar Rd, Nestled In The Heart Of Forest Hill Village. This Sensational Semi-Detached Residence Embodies Architectural Brilliance by Lebel & Bouliane Architects, Captivating You With Its Elegant Design And Meticulous Attention To Detail. Step Through The Welcoming Foyer Into An Expansive Open-Concept Main Floor, Boasting A Grand Formal Dining Area Seamlessly Connected To A Chef-Inspired Eat-In Kitchen Adorned With Custom Design Cabinets. The Airy Living Room, Adorned With Custom Built-Ins And Two-Storey Floor-To-Ceiling Windows, Leads Gracefully To A Gorgeous Patio And Yard, Creating An Ideal Space For Both Entertaining And Relaxation. Throughout The Home, High Ceilings And Bespoke Light Fixtures Elevate Each Room, While An Elevator Provides Effortless Access To All Levels, Including The Primary Oasis Suite On The Third Floor, Featuring A Sumptuous Ensuite And Lavish His-And-Her Walk-In Closets, As Well As A Private Balcony Offering A Tranquil Outdoor Retreat. The Second Floor Offers Versatility With An Optional Family Room/Office Space Adorned With Executive Features and Finishes, Along With An Additional Spacious Bedroom With Ensuite. Completing This Remarkable Home Is The Lower Level, Boasting A Third Bedroom, Spacious Rec Room, And Gym. Additional Features Include Heated Front/Back Stairs and Patios, Backyard Rear Garage, and Front Pad Parking, Heated Floors, Irrigation System, And A Rarely Seen Green Roof System Atop The House And Garage with Rooftop Generator. Perfect For Downsizers or Professionals Seeking A Condo Alternative, This Home Is Ideally Situated Just Minutes From Flourishing Parks, The Beltline, Renowned Restaurants, And Top-Tier Schools And Amenities. Truly A Marvel Unlike Any Other and Has Been Featured in Numerous Magazines! This Home Demands To Be Experienced Firsthand. A Must See! **** EXTRAS **** All Built-In Top of the Line Appliances Including Fridge/Freezer, Wall Oven, 6 Burner Gas Cktp, MW Oven, Coffee Maker, Wine Fridge, Washer, Dryer, All Electrical Light Fixtures, All Window Coverings, Smart Home System, Irrigation System. (id:51158)

3 Bedroom 4 Bathroom
For sale
$299,000
5 EAST 36TH Street|Unit #410B, hamilton, Ontario

5 East 36th Street, Unit #410b

Hamilton, Ontario

This bright 1 bedroom unit is nicely updated and perfect for someone looking for easy living! Great kitchen with updated cabinets, backsplash and open shelves. The low monthly fees include Building Insurance, Common Elements, Taxes, Heat and Water! The co-op offers convenient amenities such as on-site laundry facilities, secure entry, and dedicated parking (surface parking avail for $40/month). This co-op provides both comfort and peace of mind for residents. Situated on the Mountain Brow with great views and provides easy access to parks, walking and biking trails, and steps to Juravinski Hospital. Easy access to public transit, Concession St. amenities, downtown Hamilton via Sherman Cut or Jolley Cut. RSA. (id:51158)

1 Bedroom 1 Bathroom 618 sqft
For sale
$419,900
75 Queen Street N|Unit #603, hamilton, Ontario

75 Queen Street N, Unit #603

Hamilton, Ontario

Priced to sell and filled with investor potential, welcome to the heart of urban living in the Strathcona neighbourhood of Hamilton! This 3-bed, 2-bath condo at 75 Queen Street North is an fantastic opportunity for both investors and first-time buyers. With over 1200 sqft, located near McMaster University and the Bayfront Park, this property promises future growth. Enjoy secure underground parking and luxurious amenities including a pool, sauna, gym, tennis courts and more. Surrounded by trendy cafes, shops, and cultural attractions, this condo epitomizes city living at its finest. Don't miss out on this lucrative investment—contact us for details today. RSA High-Speed Internet, Bell Fibe Cable, Water, and more included in the monthly fees. (id:51158)

3 Bedroom 2 Bathroom 1271 sqft
For sale
$475,000
615 SHORELINE Drive Unit# 17, mississauga, Ontario

615 Shoreline Drive Unit# 17

Mississauga, Ontario

One of the only fully renovated condo townhouses in Mississauga at this price! First time home buyers and investors dream property in a fantastic location, close to Square One, Cooksville Go train station and all major highways, transit and shopping areas close by! This unit has elegant 9 foot ceilings, modernly paint and newer ceiling fixtures. Beautiful open concept layout with a nice white kitchen, stainless steel appliances and quartz countertops. Spacious bedroom with an additional office “nook” prefect for working at home and extra space. Lovely 4 piece upgraded bathroom with a tub. One car surface parking and very low relative condo fees! Excellent management that cares for their residents. This unit is move in ready. Nothing to do but move in and enjoy! (id:51158)

1 Bedroom 1 Bathroom 560
For sale
$299,900
439 1/2 COCHRANE ROAD, hamilton, Ontario

439 1/2 Cochrane Road

Hamilton, Ontario

Looking for value and affordability in Rosedale? you found it. located behind 439 Cochrane Rd on a laneway, this 2 bed home feat newer forced air furnace, 100 amps, siding, spray foam insulation- to make it your private oasis. Shed/bunkie has hydro and is perfect home office or retreat. One parking spot. (id:51158)

2 Bedroom 1 Bathroom
For sale
$449,900
308 - 212 KING WILLIAM STREET, hamilton, Ontario

308 - 212 King William Street

Hamilton, Ontario

Welcome home to KiWi Condos by celebrated Rosehaven Homes. This is a 1 Bed + Den suite, with 9' ceilings, modern finishes, and large outdoor living space. The bright and functional kitchen features quartz countertops, and stainless steel appliances. An open concept floor plan has a functional living room, with walk out to the private 298 square foot terrace! Newly constructed, offering modern amenities and conveniences, KiWi Condos' many features include, concierge, rooftop terrace (with BBQs and stunning views!), pet wash station, a state-of-the-art gym, and party room with full kitchen access. This is an opportunity to be part of Hamiltons vibrant Downtown Core! Conveniently located steps to top rated Restaurant Row, theatres, Hamiltons historic International Village and much more. Photos taken prior to current tenant occupancy. **** EXTRAS **** Stainless Steel Kitchen Appliance Suite. In-suite laundry. Custom window coverings (id:51158)

1 Bedroom 1 Bathroom
For sale
$489,000
509 - 479 CHARLTON AVENUE E, hamilton, Ontario

509 - 479 Charlton Avenue E

Hamilton, Ontario

Discover urban luxury at 509-479 Charlton, Hamilton Centre. This 1-bedroom, 1-bathroom gem offers a walkable lifestyle with panoramic escarpment views. The bright, open-concept layout features floor-to-ceiling windows, custom upgrades, & pot lights throughout. Enjoy a gourmet kitchen with quartz countertops, upgraded appliances, under- cabinet lighting, & a peninsula for seating. The spacious bedroom boasts a walk-out balcony with stunning views. Benefit from insuite laundry, a carpet-free design, & underground parking with 1 storage locker. Community perks include a gym, party/meeting room, bike storage, & large outdoor terrace. Steps from Hamilton Rail Trail, Go station, 3 hospitals, this desirable location merges convenience & natural beauty. Ideal for those seeking modern elegance & vibrant city living. Furniture included - Just move in and enjoy! (id:51158)

1 Bedroom 1 Bathroom
For sale
$488,000
901 - 50 ANN O'REILLY ROAD, toronto, Ontario

901 - 50 Ann O'reilly Road

Toronto, Ontario

This sleek 2 bed 2 bath unit offers luxury living in Tridel Dorsay's esteemed community. Withpremium stainless steel appliances, granite countertops, designer bathrooms, and upgraded wide-plankflooring throughout, every detail exudes quality. Enjoy superb amenities, plus included parking and locker foradded convenience. With access to the future Sheppard Avenue LRT line and easy access to the 404,commuting is a breeze. (id:51158)

2 Bedroom 2 Bathroom
For sale
$499,000
711 - 4978 YONGE STREET, toronto, Ontario

711 - 4978 Yonge Street

Toronto, Ontario

Presenting 711-4978 Yonge Street! Welcome home to this warm and inviting 1 Bedroom 1 Bathroom suite, open concept living space! Located in the desirable Yonge/Sheppard community. With tasteful upgrades, this impeccably clean suite has everything you're looking for in a home. The open kitchen overlooks onto the living room, with plenty of room for gatherings. Exit onto the covered balcony which extends the living space, where you can entertain friends and family. ** Direct Underground Access To Sheppard/ North York Subway, 24 Hr Concierge, Gym, Pool, Virtual Golf, Billiards, Games Room, Guest Suites and much more ** (id:51158)

1 Bedroom 1 Bathroom
For sale
$489,000
479 CHARLTON Avenue E|Unit #509, hamilton, Ontario

479 Charlton Avenue E, Unit #509

Hamilton, Ontario

Welcome to urban living at its finest in the heart of Hamilton Centre! This sleek 1-bedroom, 1-bathroom condo at 509-479 Charlton offers a coveted lifestyle with panoramic views of the escarpment, perfect for the discerning buyer seeking both luxury & convenience. Step into a bright open-concept layout boasting floor-to-ceiling windows featuring custom blinds, pot lights, under-cabinet lighting, & upgraded flooring. The upgraded kitchen, features quartz countertops, a peninsula for seating, & top-of-the-line appliances, ideal for culinary enthusiasts. Retreat to the spacious bedroom with a walk-out to the balcony, offering a serene escape with stunning vistas as well as the convenience of in-suite laundry. Indulge in the building amenities including a gym, party/meeting room, bike storage, & large outdoor terrace. With an UNDERGROUND parking spot & storage locker, every need is met. Located steps from the Hamilton Rail Trail, 3 hospitals, GO train, & easy access to nearby dining, shopping, & entertainment options. Don't miss this opportunity to elevate your urban living experience! Just move in. Furniture included! (id:51158)

1 Bedroom 1 Bathroom 547 sqft
For sale
$299,900
439 1/2 Cochrane Road, hamilton, Ontario

439 1/2 Cochrane Road

Hamilton, Ontario

Looking for affordable living in the heart of Rosedale? You found it. This 2 bed home was initially a sales centre for the survey, built in 1945 and located behind 439 Cochrane down a laneway. Features open concept living rm and kitchen, stackable laundry and full bath. The shed/bunkie has hydro and it is being used as a home office. Second shed for storage. One parking spot. Bonus: updated forced air furnace (2023), 100 amp (2007), spray foam insulation in ceiling (2023), siding (2015), roof (2013). survey available, Needs your finishing touches to make it your own. (id:51158)

2 Bedroom 1 Bathroom 850 sqft

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.