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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..
#201 -1650 Yonge St
Toronto, Ontario
Private dry cleaning depot located in a vibrant and bustling area. Boasting favorable rental terms, consistent sales, and competitive retail pricing, this establishment offers a lucrative opportunity with minimal operational costs. Equipped with a full set of sewing machines and enjoying a well-established clientele base in an affluent neighborhood, this business is ideal for both beginners and experienced tailors alike. (id:51158)
#13 -4664 Yonge St W
Toronto, Ontario
Welcome to this exceptional opportunity to own a well established restaurant situated in the heart of Lansing-Westgate. This turn-key restaurant comes with a valuable liquor license, fully equipped with state-of-the-art- kitchen appliances, furniture and fixtures making it ready for immediate use. Conveniently located near the bustling intersection of Yonge and Sheppard, this restaurant enjoys high visibility and foot traffic surrounded by residential neighborhoods, businesses, transportation hubs, easy access to the 401 and so much more!! **** EXTRAS **** Willing to train new owners. Monthly rent of $9231.18 including TMI and HST (id:51158)
#1710 -1 Scott St
Toronto, Ontario
Welcome to your luxurious bachelor condo with a locker included! This spacious and functional; apartment invited you into bright, sunlit space that promise to start your days with breathtaking sunrise views. Boasting 9-foot ceilings and custom paint design it offers the option to be furnished for enhanced comfort. Perfectly situated in the heart of Toronto's Financial District, just steps away from Union Station, grocery stores, and major expressways like the DVP and the Gardiner and with iconic landmarks such as St. Lawrence Market and the Distillery District within reach convenience and style await. Don't miss out on this incredible opportunity to elevate your urban lifestyle to new heights. **** EXTRAS **** Locker included. Low Taxes & Maintenance Fees. Unit Vacant As Of April 1st 2024 (id:51158)
114 Queen St E
Toronto, Ontario
Creamery X - a rare chance to acquire a thriving specialty ice cream establishment deeply embedded in the fabric of our community. Located in a prime spot, this beloved creamery offers passionate entrepreneurs the opportunity to lead a successful, well-established business.Creamery X stands out for its inventive and artisanal ice cream offerings, meticulously crafted with the finest ingredients.With a solid brand and a devoted customer following, Creamery X has earned a stellar reputation within the community, providing a robust foundation for continued success and growth. The sale encompasses all essential elements - equipment, recipes, and current inventory - guaranteeing a seamless transition for the new owner, whether a season restaurateur or a first-time entrepreneur. Strategically positioned in a high-traffic area with outstanding visibility, Creamery X benefits from a constant stream of foot traffic and a dedicated local customer base, serving as a pivotal asset. **** EXTRAS **** Don't let this unique opportunity pass by. Own a business that not only brings joy to the community through its delectable offerings but has also become a destination for those in search of a sweet escape. (id:51158)
#parking -58 Marine Parade Dr
Toronto, Ontario
Parking P2, Unit 101. Rarely available premium parking spot very close to elevator. Please note maintenance fee to be confirmed. Kindly be advised that the person purchasing this parking spot must be a resident of Marine Parade Drive. (id:51158)
250 Browns Line
Toronto, Ontario
Located on Browns Line, main road connecting Hwy427 and lakeside in Etobicoke. Right between large mature residential and industrial areas. Has dense flow of people and occupies a favorable location. Has about 800 sq ft, an ATM, and a basement. Mainly engaged in groceries, lottery and tobacco. 300 sq ft of open space at front can add new garden business in summer. Space next to cashier allow for new vape business. 5 parking spaces on the side. Monthly rent is $2,100 + TMI ($700 - $800, includes water,), and lease expires in October 2025. Sign a new 5-year lease with landlord. Weekly sales are about $3,500, with groceries at 55% and tobacco at 45%. Lottery's monthly income is about $2,700, ATM's annual income is about $1,800, and Nevada's annual income is $1,500. The store owner operates it alone, with no additional staff. The owner took over the business in 2011 and has been running it for 13 years. There is still a lot of room for growth in the business! **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. (id:51158)
#319 -50 Burnhamthorpe Rd W
Mississauga, Ontario
It is located in Core area in Mississauga City Center neighborhood. Located across the road from Square One and the Midway Transit Hub. Very high population density with lots of condominiums. There are many professional offices and other medical, banking and dental services in this building. It is needed to extend business hrs. ( Now 4 hrs and 4 days :Mon - Thurs). Delivery app. service required. -Big potentiality to increase sales and income. It is big chance to grab a hidden Gem. **** EXTRAS **** Very Clean and neat. It is Very big potential to manage business. (id:51158)
#105 -3485 Rebecca St
Oakville, Ontario
Excellent Opportunity To Own A Franchise Tutoring Business! Established And Profitable After School Learning Tutoring Center. Providing Proven Study Methods That Works For Students from Elementary To High School & Credit Courses! Steady Clientele, Fully Equipped ! Hours Of Operation Mon-Fri 4-8Pm & Saturday 10-4Pm. Franchise approval & license transfer is required for the new buyers. Property with business is also available for sale. Please check MLS#W7381936 **** EXTRAS **** Price include sale of business, Goodwill, Existing Clientele, store signs, books, study equipment, electronics, furniture etc. Don't miss this excellent opportunity. (id:51158)
#31 -4801 Keele St
Toronto, Ontario
Rarely Available High End Finished Space. Close To Future York University Subway Station. Total Area Including Mezzanine Over 1100 Sq.Ft, About 600 Sq On Main Floor. This Rare Unit Suits Many Uses Including Doctor, Office, Health Spa, Dental Lab. Presently Operated As A Licensed Holistic Spa. The buyer needs to buy the business as well. Extras: Hot Water Tank Rental, Fridge, Window Coverings, Electrical Light Fixtures, Televisions, Massage Tables, Reception Desk And Accessories, Security System (id:51158)
#1801 -1455 Lawrence Ave W
Toronto, Ontario
Spacious Bright South Exposure Walk-Out To Large Balcony. Wall to Wall Closet in Hallway. Overlooking Park & Playground. Close to Transportation, Shopping, Schools, Yorkdale Mall & Major Highways- Hwy 400, 401, Black Creek Drive. **** EXTRAS **** Fridge, Stove, Built-In Dishwasher, Window Coverings, Electric Light Fixtures (id:51158)
#12 -44 Goodmark Pl
Toronto, Ontario
Turn Key Opportunity To Own A Well Established Wedding & Event Decorations Business Located In The Heart Of GTA, Features Office Room, Kitchen And Bathroom. Business Has Been Operational For Many Years. Specializing In Weddings For All Cultural Backgrounds, Receptions, Birthday Parties, Bridal Shower, Celebrations & Corporate Events. Don't Miss Out This Fantastic Opportunity To Start Your Own Business Right The Way! **** EXTRAS **** Inventory Of Over $150,000 Included In The Price And 2024 Events. Lots Of Storage Rear Shipping Door, Upper Mezzanine Level Available For More Storage. Low Rent Approx. $3,600.00 (Plus T.M.I & Hst) (id:51158)
#512 -600 Sherbourne St
Toronto, Ontario
Great Investment Opportunity in Famous Rosedale Medical Centre. Just Across From Sherbourne Subway Station.High Traffic Area. Rare Available Corner Unit Approx 575 Sq Feet. Ideal For All Kinds Of Offices:Dental, Medical, Chiropractor, Acupuncture, Orthopaedic, Beauty Spa. Perfect For Lawyer or Accountant Office, RE Brokerages and More. **** EXTRAS **** Newly Renovated Building. Unit Has 3 Big Windows with South Exposure, 2PC Washroom. Laminate Floors.Maintenance Fee Includes All Utilities, 24 hr Concierge and Janitor Services. Exclusive Use of 1 Underground Parking. (id:51158)
17 Truman Rd
Toronto, Ontario
Absolutely Stunning French-Inspired Home in Toronto's Prime St. Andrew-Windfields community. Nestled in a serene and prestigious corner of Toronto, this home exemplifies the sophistication of French Chateau architecture. Occupying an expansive 80x269-foot lot, the residence welcomes you with intricate ceiling details and a lavish marble staircase, setting the stage for the impeccable design elements that define the entire property. Boasting a grand 20-foot ceiling height, the family room is both spacious and welcoming, with expansive windows that showcase breathtaking views of the meticulously landscaped backyard. The property offers the convenience of two separate In-Law Suites, ensuring a private and comfortable retreat for guests or extended family members. Beyond its captivating aesthetics, this home is a testament to superior craftsmanship and an unwavering commitment to precision. Don't miss the opportunity to experience the charm and elegance of this French-inspired masterpiece (id:51158)
#204 -4060 Lawrence Ave E
Toronto, Ontario
Great Location Bi-Level With 3 story 3 Separate Entrances Condo. Large Eat-in Kitchen With Cabinetry, Laminate &Ceramic Flooring. Large Open Balcony With Amazing Extensive View. ,close to walking trail. Morningside park. walk-in clinic, Drugstore, super market, Scarborough town centre, uoft, HWY 401,parks,schools Restaurants &more. School, Shops 24 Hours Bus Route **** EXTRAS **** 2 Stove, 2 fridge Maintenance fee Include Water, Heat cable Building Insurance, 2 Parking Spots 1 Exclusive Locker (id:51158)
75 Queen Street N, Unit #1501
Hamilton, Ontario
Welcome to 1501-75 Queen Street N in the City of Hamilton. Looking to experience everything condo living has to offer, this is the unit for you. Enjoy this HUGE condo unit with a total of 1,148sqft, and an amazing view over the city of Hamilton and Lake Ontario. Floor-to-ceiling windows bring in so much natural light and surreal views of Hamilton. Unlike new condos, you receive 3 massive bedrooms with city views, and a full 3 piece bathroom along with a 2-piece ensuite bathroom. A bonus feature is in-suite laundry and storage. This unit is ready for its new owner to either move in or make small changes to boost its value. With room to expand the kitchen or small cosmetic work, this is your chance to secure an amazing city-view unit in a great, quiet building. This unit comes with an underground parking space. Looking for a convenient location to commute or close to amenities? You are a 10-minute walk to West Harbour GO Train Station, within walking distance to amazing restaurants on James Street North, or Locke Street where you can find amazing shops and food! Enjoy the condo lifestyle with an indoor pool, sauna, roof-top patio for socializing, exercise room, party/meeting room, and your private Tennis Court. (id:51158)
#3 & 4 -504 Trethewey Dr
Toronto, Ontario
Well established & high marginal Convenience/ Grocery Store serving the community in very high density area, right next to Tim Horton. Multiple Stream Business, Such as Lotto, Atm, BitCoin, U- Haul, Western Union, Ria, Passport Photo, Vape store, High mark up Grocery items and low sales in smokes. Sales growing constantly & has proven history from years and years. More potential looking for new buyers to grow. Fair rent & 10 years Lease term in place with options, very easy operation to run and low expenditures. Located in Apartments building hub. No Franchise fee or Royalty. Full support and training available to New buyer's. **** EXTRAS **** Vape shop generating additional income, potentials to add produce and hot food counter and fresh meat. (id:51158)
504 Trethewey Drive Unit# 3&4
Toronto, Ontario
Well Established & High Marginal Convenience/ Grocery Store, serving the community in very high density area, right next to Tim Horton. Multiple Stream Business such as Lotto, Atm, BitCoin, U- Haul, Western Union, Ria, Passport Photo, Vape store, High mark up Grocery items and smoke only 20%. Located in Apartments building hub. No Franchise fee or Royalty. Sales growing constantly & have a proven history from years and years. More potential's looking for new buyers to grow. Fair market rent & 10 years Lease term in place with options, very easy to run and low expenditures. High take home income. Full support and training available to New buyer's. (id:51158)
#2106 -3 Marine Parade Dr
Toronto, Ontario
Experience The Pinnacle Of Retirement Living! Lovingly Maintained & Renovated 1 Bedroom +Den/Sunroom Condo At Hearthstone By The Bay Seniors Community! Enjoy A Spacious Penthouse Unit With An Open Concept Design, Very Functional Layout, Floor-To-Ceiling Windows, Elegant Crown Moulding, And A Generously Sized Open Kitchen/Living Area, A Well-Sized Bedroom W/ A Walkout To The Sunroom, And A Pristine 3 Pc Bathroom. This Unit Offers Complete Comfort And Style And Is A Perfect Fit For Seniors Starting Their Next Chapter. Live With The Luxury Of Condo Ownership Within An Exceptional Retirement Community, Complete With An Array Of Tailored Services Catering To Seniors. Enjoy Services Like 4 Hours of Housekeeping, $277 Dining Credit/Dining At The On-Site Restaurant, Access To Nurse 24 Hours Per Day/Round-The-Clock, A Convenient Shuttle Bus, Fitness Classes, Emergency Call System And Much More! **** EXTRAS **** Mandatory Club Fee: $1851.33 +Hst Per Month. Additional Amenities Incl: Movie Theatre, Hair Salon, Pub, Billiards Area, Outdoor Terrace. Note: $255.11+hst Extra Per Month for Second Occupant. (id:51158)
#1 -60 Dundas St E
Mississauga, Ontario
Step Into The Vibrant World Of Mediterranean Cuisine, Situated In The Heart Of Mississauga, Facing Busy Dundas St. This Restaurant Offers A Rare & Unique Opportunity To Continue Current Mediterranean Restaurant with Inside 100 Seating Capacity + Patio With 25 Seating Capacity, LLBO Licence & Open Concept 1500 Sqft Layout. Buyer Also Has Option to Convert Space Into a New Chinese, Burger, Shawarma, Cafe, Or Other Type Of Food Use. Landlord Offering Brand New Lease To Buyer For A Term Of 3+3 Years at $4,750/Month + TMI + HST (Total $7,345/Month). **** EXTRAS **** Corner Unit with Separate Rear Entrance. Walk-In Fridge/Freezer. Washroom. Total Monthly Rent $7,345/Month. Absolutely Do Not Go Direct. (id:51158)
#b -373 Oakwood Ave
Toronto, Ontario
*Price Reduction*- Motivated Seller. Churrasqueira/Bbq Chicken Take-Out. Tremendous Potential to Grow. Sales are all through Electronic POS can be verified. Open 7 Days/Week. Functional Space Plus Basement (LLBO For 16 Seats) Well Equipped Full Kitchen & Prep Area. Excellent Reviews on Google and Uber Eats. Custom Cold And Hot Steam Tables. All Equipment Top Of The Line. Excellent Neighborhood Following And Reputation. Turnkey Operation/Great Cash Flow. Training Provided If Needed. 30 Days Training Included. Employees Willing To Stay. *Seller Financing Available* **** EXTRAS **** Leased 2yr+ 5Yr: $3200+ HST ( Plus Escalations), 1 Parking Spot at Back (id:51158)
3022 Preserve Dr
Oakville, Ontario
Be your own boss! This store is serving its loyal clientele in growing North Oakville's newer communities. Turn key immaculate convenience store steps away from busy Dundas St W. Surrounded by residential area. Motivated seller and priced to sell! Price includes chattels, stock is extra. **** EXTRAS **** Great location additional incomes from ATM. BT ATM & Amazon PUDO. Low rent @ 2200 (plus TMI ). Lease 2+5 yrs. (id:51158)
424 Danforth Ave
Toronto, Ontario
Opportunity To run a Restaurant In A Heavily Populated Section Of The City. 1400 sqft plus Basement with walk in cooler. Revitalized East Danforth Neighborhood With High Traffic. Ideal For A Family Business. Very Easy Operation. Great Potential. Excellent Opportunity. (id:51158)
#parking -135 E Liberty St
Toronto, Ontario
(1) One Parking space available for sale only for current owners at 135 East Liberty St - Liberty Market Tower (id:51158)
#1819 -251 Jarvis St
Toronto, Ontario
Experience Modern Living In Downtown Toronto At Dundas Square Gardens. This Studio Unit Features Upgraded Kitchen Cabinets, Flooring, And A Juliette Balcony With Awesome Views. Enjoy Floor-To-Ceiling Windows, Stainless Steel Appliances, And Ensuite Laundry. The Building Offers 5 Outdoor Terraces, A BBQ Area, A Gym, And 24/7 Concierge & Security. Luxurious Amenities Include A Fitness Centre, Party Room, Game Room, And An Outdoor Pool. Conveniently Located Near Dundas Square, Steps From Eaton Centre, With Quick Access To UofT, TMU, George Brown College, Hospitals, And Offices. With A 95 Walk Score And 98 Transit Score, This Location Is Perfect For Students, Investors, And Young Families. Additionally, The Unit Comes With A Locker, Ensuring All Your Storage Needs Are Met. Transit And Other Conveniences Are Right At Your Front Door, Making This Studio Unit A Desirable Choice For Those Seeking A Vibrant Urban Lifestyle. **** EXTRAS **** Furniture in Photos Negotiable. (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.