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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 $499,900
House For Sale in hamilton, #403 -180 LIMERIDGE RD W

#403 -180 Limeridge Rd W

Hamilton, Ontario

2 Bedroom 1 Bathroom
Corner unit with sunny south-east exposure! This bright and beautifully renovated condo has been planned and executed with style. Upgrades include extended granite counter space with an added breakfast bar and expanded custom cabinetry. The classic and spacious black and white tiled bathroom w/walk-in shower has been designed with safety in mind. This condo features in-suite laundry, hardwood bamboo floors and lots of storage space. The building is set back from the street in its own park-like setting where you can enjoy the professionally maintained grounds and mature treed common areas perfect for picnics and getting together with friends and family. There is even gated access to the adjacent Captain Cornelius Park plus ample visitor parking. The condo fee includes heat, A/C, water and an exclusive storage locker and underground parking spot. Close to all amenities and the city bus stops at the end of the driveway. This relaxing carefree lifestyle could be yours to enjoy! (id:51158)
Homes for sale in Hamilton
For sale $439,900
House For Sale in hamilton, #1501 -75 QUEEN ST N

#1501 -75 Queen St N

Hamilton, Ontario

3 Bedroom 2 Bathroom
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.Enjoy the condo lifestyle with an indoor pool, sauna, roof-top patio for socializing, exercise room, party/meeting room, and your private Tennis Court **** EXTRAS **** 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! (id:51158)
Homes for sale in Hamilton
For sale $300,000
House For Sale in mississauga, #9A -4120 DIXIE RD

#9a -4120 Dixie Rd

Mississauga, Ontario

1500 sqft
Attention Investors or Aestheticians looking to grow or expand in the beauty and wellness industry. This is an Opportunity to Purchase a well-established medical aesthetician clinic located off the busy corner of Dixie/Burnhamthorpe , prime location with tons of clients in surrounding areas. This is a rare opportunity to acquire a reputable business known for its high-quality and comprehensive list of skincare, aesthetic, and hair services. The fully renovated space creates a welcoming and luxurious environment for clients, over $200k spent on Leasehold Improvements! The business has a great reputation for delivering a high quality of service with approx. 2000 clients. The asset sale includes all lease hold improvements, equipment, inventory, and the existing practitioners to ensure success for the new owner. **** EXTRAS **** Current lease valid till 31st Dec, 2026 can be extended for 5 years, All Equipment included.Services include Facials, LED Treatments, Peels,Laser Hair removal, Micro-Needling, Ultrasound, TeethWhitening, PRP/IV Drip, Botox (id:51158)
Homes for sale in Mississauga
For sale $299,000
House For Sale in toronto, 1043 COXWELL AVE
Restaurant

1043 Coxwell Ave

Toronto, Ontario

Located near the busy intersection of O'Connor and Coxwell, this restaurant is a prime opportunity for culinary entrepreneurs. Rent $3300 plus Hst Lease expired 2029 with an option to renew. Ideal for take-out, dine-in, or even as a catering kitchen. Minutes away from the Don Valley, this restaurant is perfectly situated for easy access and catering opportunities. Huge walk-in cooler and freezer approx 16 to 18ft kitchen exhaust hood. With dedicated parking spots behind the building. (id:51158)
Homes for sale in Toronto
For sale $80,000
House For Sale in toronto, #B-101 -15 QUEENS QUAY E

#b-101 -15 Queens Quay E

Toronto, Ontario

1 Parking space available for sale in Pier 27 condos. Must be an owner of 15, 29, or 39 Queens Quay E to purchase. Actual parking space labelled as ""G101"" (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in hamilton, 180 Limeridge Road W|Unit #403

180 Limeridge Road W, Unit #403

Hamilton, Ontario

2 Bedroom 1 Bathroom 965 sqft
Corner unit with sunny south-east exposure! This bright and beautifully renovated condo has been planned and executed with style. Upgrades include extended granite counter space with an added breakfast bar and expanded custom cabinetry. The classic and spacious black and white tiled bathroom w/walk-in shower has been designed with safety in mind. This condo features in-suite laundry, hardwood bamboo floors and lots of storage space. The building is set back from the street in its own park-like setting where you can enjoy the professionally maintained grounds and mature treed common areas – perfect for picnics and getting together with friends and family. There is even gated access to the adjacent Captain Cornelius Park plus ample visitor parking. The condo fee includes heat, A/C, water and an exclusive storage locker and underground parking spot. Close to all amenities and the city bus stops at the end of the driveway. This relaxing carefree lifestyle could be yours to enjoy! (id:51158)
Homes for sale in Hamilton
For sale $429,000
House For Sale in hamilton, #1406 -15 QUEEN ST S

#1406 -15 Queen St S

Hamilton, Ontario

1 Bedroom 1 Bathroom
Welcome to Platinum Condos. Located in the heart of Hamilton, this brand new 1 bedroom + 1 bathroom condo with western exposure features unobstructed views of the Niagara Escarpment & parts of Burlington Bay. Kitchen highlights include upgraded cabinets, full-size stainless-steel appliances, quartz counters & tile backsplash. From the living room, walk-out to the spacious balcony, from which you can watch endless sunsets. Primary bedroom features a sliding barn door. Ensuite laundry. Steps to Victoria Park & Central Park, with access to many shops & restaurants. Walking distance to the future Hamilton LRT. Amenities include: a concierge, exercise room, rooftop terrace with BBQs, a party room, bike storage & visitor parking. Bright & spacious. Tastefully decorated. Just move in & enjoy! **** EXTRAS **** McMaster University, Mohawk College, Hwy 403 & Hamilton GO nearby. Transit at doorstep. Perfect for first-time buyers & investors. (id:51158)
Homes for sale in Hamilton
For sale $249,000
House For Sale in mississauga, 3055 ARGENTIA RD
Restaurant

3055 Argentia Rd

Mississauga, Ontario

1730 sqft
Ideal restaurant conversion opportunity in one of Mississauga's most desirable locations - Meadowvale Business Park Power Centre at Argentia & Winston Churchill. This highly sought after SmartCentre Plaza is where all the brands want to be. 1730 sq ft end cap QSR with a fantastic lease of 5 years remaining +2 additional 5 year renewal options. Plenty of seating in this ideal layout suitable for most typical franchises. Plenty of parking, strong neighbouring and anchored tenants. Conversion subject to Landlord approval and non-competing uses. Please do not go direct or speak to staff. **** EXTRAS **** * Net Rent = $4,730.00 * TMI = $1,929.27 * Gross Rent = $7,524.98 Including TMI & HST * 5 Years Remaining + 2 x 5 Year Renewal Options * End Cap Unit * 1730 Sq Ft * 35 Seats * Walk-In Fridge & Freezer * (id:51158)
Homes for sale in Mississauga
For sale $199,000
House For Sale in toronto, 108 DUNDAS ST E
Retail and Wholesale

108 Dundas St E

Toronto, Ontario

1256 sqft
Location, Location, Location, Great Corner this Location. INS Market "" For Sale Located At Downtown Core. Famous Convenience Store Franchise, Yonge & Dundas, Ryerson University Campus, Corner Location. High Traffic, Well Established Business. Sales Approx $600,000.00 Yearly/Lotto Commission $18000/Yearly. Atm $400 Yearly. Cigarette Portion 50%. INS Royalty Fees $600.00 / Month + 1% of Lotto Sales. Hydro $650/M As Per Seller. High Potential. Rent $5875.00 Monthly (TMI Included) Parking $125.00 per Month. Buyer/Buyer's Agent to Verify All Information. **** EXTRAS **** Great Location, Low Rent Clean and Potential to Increase Sales. (id:51158)
Homes for sale in Toronto
For sale $199,000
House For Sale in hamilton, #60 -1685 MAIN ST W
Restaurant

#60 -1685 Main St W

Hamilton, Ontario

1 Bathroom 1022 sqft
Well Established PITA LAND Restaurant Eats Business Located In Hamilton near Mcmaster University For Sale. Hamilton Favorite Place For Food. With Great Ambience And Seating. High Quality Food & Service. Aaa Tenants In Plaza Like Popeyes Louisiana Kitchen, Bar Burrito, Bar Shala Indian Resto Bar, Joya Sushi Japanese Korean Cuisine, Baskin-Robbins Kernels Popcorn, Little Caesars Pizza, Boardwal Fries Burgers Shakes, Stacked Pancake & Breakfast House, P's Nails Salon, Hair Salon, Cannabin, Crunch Gym, Physiotherapy, Pharmacy, Dental And More. Ample Of Parking Space In Plaza. Lots Of Walking Customers, Heavy Traffic, Fantastic Exposure. Restaurant Has A Great Reputation, W/Repeat Customers & Growing Numbers. Equipment/Chattels Included In Sale Of Business. List Attached. Low Operating Cost & High Visibility. Low Monthly Rent $2519.23 Plus Tmi Plus Hst. Do Not Miss The Opportunity, Once It's Gone Cannot Be Replicated. Excellent Location For Restaurant Business. You Cannot Go Wrong. **** EXTRAS **** Excellent Location, Excellent Opportunity To Own A Well Established Restaurant And Be Your Own Boss. All Equipment, Chattels & Fixtures Included In Sale Price, Reasonable Rent $2519.23 Plus Tmi & Hst Per Month. (id:51158)
Homes for sale in Hamilton
For sale $130,000
House For Sale in toronto, 920 WILSON AVE

920 Wilson Ave

Toronto, Ontario

DO NOT SPEAK TO STAFF -- DO NOT GO DIRECT -- YOUR DISCRETION IS APPRECIATED Well Established Newly renovated Pet Spa Business. Location! Location! One of the best locations Located On heart of Prime North York Location With Stable Clients.immense foot and vehicle traffic,Low Rent 2200/Month + Utilities.Very Functional Layout 3 Spacious additional Rooms, Current Price Includes All Equipments And Inventory. Very Busy Location, A lots of Parking, In A Prestigious Neighbourhood. * Office Area * Employee Area * Reception Area * also Cash Money making business.making over 130,000.00 a year.you can make it even more if you put your time in it definitely better then any job.Don't miss out on this fantastic opportunity!.Fantastic Business Opportunity: Thriving, Be Your Own Boss Opportunity * also option to be trained by the owners if required. (id:51158)
Homes for sale in Toronto
For sale $160,000
House For Sale in mississauga, #23 -3100 RIDGEWAY DR

#23 -3100 Ridgeway Dr

Mississauga, Ontario

1 Bathroom 1400 sqft
Profitable sign design and printing shop in Mississauga. Services include illuminated and non-illuminated signs, large format printing etc. Located centrally in the expansive Western Business Park, close to Dundas St and Hwy403. Many companies and shops nearby rely on the store's services. 1,400 square feet, rent is $3,566 per month (including TMI and HST). Annual sales are approximately $180,000. Opens 5 days a week, 9:30am-4pm. Business is very stable and still has a lot of room grow. The price includes approximately $110,000 worth of equipment and $22,000 worth of inventory. **** 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)
Homes for sale in Mississauga
For sale $399,000
House For Sale in mississauga, #1 -3045 CLAYHILL RD
Restaurant

#1 -3045 Clayhill Rd

Mississauga, Ontario

1309 sqft
Ideal restaurant conversion opportunity is available in the hear of Cooksville, Mississauga. Rarely offered end cap location, with high visibility, which has been operating for nearly 25 years. Don't miss out on this one. Currently selling Italian fast casual fare. Equipped with large exhaust hood, 3 fryers, grill, burners, stoves, 2 deck pizza oven and more. Incredibly low market rent at $5,238.73 inclusive of TMI and HST. With an ideal 1309 sq ft layout, this fast casual restaurant will suit any franchise or independent looking at expansion. Boasting big sales of $800K consistently, this operation can be owner/operated or not. Great anchors in this plaza consist of McDonalds, Subway, Healthy Planet, Namaste Indian & Supermarket. Please do not go direct or speak with staff. Your discretion is appreciated. **** EXTRAS **** * Net Rent = 2,945.25 * TMI = $1,690.79 * Gross Rent = $5,238.73 Including TMI & HST * Lease Expires September 30th 2028 * Ideal QSR Layout * 1309 Sq Ft * Can Be Converted To Your Brand or Cuisine Subject To Landlord Approval * (id:51158)
Homes for sale in Mississauga
For sale $149,000
House For Sale in mississauga, 941 LAKESHORE RD E
Restaurant

941 Lakeshore Rd E

Mississauga, Ontario

900 sqft
Extremely Well Established Thriving Japanese Sushi Restaurant Located In The Heart Of Mississauga. Low Rent, Current Rent Only $2,450 (Tmi Included). Future Highly Dense Populated Area(Lakeview Condo), Surrounded By Houses & Condo Buildings & Lots Of Foot Traffic(Lakefront Promenade Park Entrance). Very Easy Operation, All Equipment's & Chattels Are Included. 2 WASHROOM IN BASEMENT. **** EXTRAS **** Purchase price includes Equipment and Chattels, Stock is extra. (id:51158)
Homes for sale in Mississauga
For sale $398,000
House For Sale in toronto, 677A MARKHAM RD
Service

677a Markham Rd

Toronto, Ontario

1540 sqft
Amazing Opportunity: Over 40 Years Established Profitable Dry Cleaning Plant. Prime High Exposure Corner Location. Newly Renovated 3 Years Ago With All Machines Replaced. All Equipment & Machinery Owned. Very Busy Business Doing High Volumes. Could Increase Sales If Hours Increased & More Alteration Work Offered. Pressers, Sewing Machines, Shirt Machine, 4 Commercial Washers, 2 Large Dryers, Etc. Machinery, Equipment, & Goodwill Worth The Price. All Counter Sales (Full Retail Price - No Wholesale Depot Work = High Profit Margins). **** EXTRAS **** Sales $8,000/Week Plus Alterations ($2-$3K/Week Avg). Rent Only $5300/Month Includes T.M.I.; Lease 2 Years + 5 Years Option To Renew. Do Not Go Without Appointment. Be Discreet When Showing. (id:51158)
Homes for sale in Toronto
For sale $188,000
House For Sale in toronto, #G35 -4168 FINCH AVE E

#g35 -4168 Finch Ave E

Toronto, Ontario

405 sqft
Excellent Business Or Investment Property, Suitable For All Types Of Businesses, Prime Location At Finch/Midland, Plenty Of Parking Availability, Steps Away From Ttc Bus Stop, 5 Story Professional Building, Unit Located On The Ground Floor **** EXTRAS **** The Unit Has Great Exposure And Tremendous Traffic Flow, Long Opening Hours For This Mall, Affordable Maintenance - Better Than Renting ! (id:51158)
Homes for sale in Toronto
For sale $69,000
House For Sale in toronto, 6 COXWELL AVE
Restaurant

6 Coxwell Ave

Toronto, Ontario

540 sqft
Amazing Turnkey Business Opportunity. Well Established Japanese Restaurant In Prime Coxwell & Queen St EastArea. Approx 540 SqFt Plus Basement Around 300 SqFt (Storage Rooms and Washroom). Busy Area With Lots OfTraffic, Surrounded By Residential, Mid Rise Condos, Theatre, Retails, And Woodbine Beach! Lots Of Royalty AndRepeated Customer. Easy Operation. Don't Miss This Excellent Opportunity! **** EXTRAS **** All Chattels & Equipment Are Included. Strong Neighbouring Businesses. Rent $3,700/Month (TMI & HstIncluded) (id:51158)
Homes for sale in Toronto
For rent $22,000 Monthly
House For Sale in toronto, 80 HAZELTON AVE

80 Hazelton Ave

Toronto, Ontario

4 Bedroom 5 Bathroom
The perfect home on the perfect street. Hazelton - the crown jewel of yorkville - home to luxury living. Truly a beautiful home with the finest finishes and quality. The parking is remarkable in such a stellar location. Unbelievable chef's eat-in kitchen opening onto a huge family room. Great principal rooms with soaring ceilings, plus finished lower level and wine cellar. **** EXTRAS **** This is the perfect leasing opportunity for your finest executives and discerning clients. Tenant pays all utilities, landscaping, and snow removal. (id:51158)
Homes for sale in Toronto
For sale $80,000
House For Sale in toronto, 604 YONGE ST

604 Yonge St

Toronto, Ontario

1751 sqft
Located in the vibrant heart of downtown Toronto, near Yonge and Wellesley, this cannabis store presents an exceptional opportunity in a thriving market. Surrounded by bustling streets, trendy cafes, and shopping hubs, the store enjoys high visibility and foot traffic, attracting a diverse clientele. With its proximity to educational institutions, offices, and major attractions, it caters to a broad demographic of customers seeking quality cannabis products. Boasting a loyal customer base and positive reputation, this turnkey business offers prospective buyers a solid foundation for success in the rapidly growing cannabis industry. This is a Brand New store. Unfortunately, the owner has had a family emergency and won't be able to continue the business. Opened in December 2023. Take over the lease and enjoy the benefits **** EXTRAS **** All Chattels and equipment included (id:51158)
Homes for sale in Toronto
For sale $79,999
House For Sale in toronto, 5361 YONGE ST
Restaurant

5361 Yonge St

Toronto, Ontario

330 sqft
Great Location!! Excellent Opportunity To Operate A Business In The Highly Desirable North York Community On The Busiest Yonge Street! Well Established Business With High Traffic And Lots Of Online Orders And Loyal Clientele! Surrounded By Highly Populated Residential Condos And Commercial Buildings. Street And Underground Parking Available. Zoning For Fast Food/Take Out Restaurant And Flexible For Any Other Business Ideas! **** EXTRAS **** Rent $4000/ Monthly ( Include Tmi & Hst ) Lease Till 2024, Another 5 Years Renewable. (id:51158)
Homes for sale in Toronto
For sale $299,000
House For Sale in toronto, #110 -4750 YONGE ST
Restaurant

#110 -4750 Yonge St

Toronto, Ontario

1020 sqft
Famous Chinese Bubble Tea Shop In Heart Of North York Sheppard &Yonge! High Pedestrian And Residence Traffic. Wide Open Windows & Good Exposure On Busy Yonge Street 24 Hrs Access.Very Strong Loyal Clientele! Good Sale Volume, Great Income.Low Labour Cost Easy To Learn And Operate No Related Experience Needed.Entrance To Subway Station. Anchor Tenant Tim Hortons, Supermarket & Lcbo On 2nd Floor. Over 60 Office Units,700 Luxury Residents Units. Suitable For All Types Of Business Such As Cafe, Restaurant, Bakery, Snacks, Any Other Retail Store. Available Immediately. **** EXTRAS **** All Chattels And Equipment Are Included. High Ceiling. Back Door Can Go Into The Mall. (id:51158)
Homes for sale in Toronto
For sale $249,000
House For Sale in toronto, #109 -4750 YONGE ST
Restaurant

#109 -4750 Yonge St

Toronto, Ontario

974 sqft
Famous Chinese Rice Noodle Restaurant In Heart Of North York Sheppard &Yonge! High Pedestrian And Residence Traffic. Wide Open Windows & Good Exposure On Busy Yonge Street 24 Hrs Access.Very Strong Loyal Clientele! Good Sale Volume, Great Income.Low Labour Cost Easy To Learn And Operate No Related Experience Needed.Entrance To Subway Station. Anchor Tenant Tim Hortons, Supermarket & Lcbo On 2nd Floor. Over 60 Office Units,700 Luxury Residents Units. Suitable For All Types Of Business Such As Cafe, Bubble Tea, Bakery, Snacks, Any Other Retail Store. Available Immediately. **** EXTRAS **** All Chattels And Equipment Are Included. High Ceiling. Back Door Can Go Into The Mall. (id:51158)
Homes for sale in Toronto
For sale $401,700
House For Sale in toronto, #1413 -340 DIXON RD

#1413 -340 Dixon Rd

Toronto, Ontario

2 Bedroom 1 Bathroom
This renovated corner unit features 2 bedrooms, ensuite laundry, an open balcony with provides unobstructed views of the city. Conveniently located close to airport, TTC, and shopping, providing a perfect blend of comfort and accessibility. Enjoy a hassle free transition into this move-in-ready, well prepared living space! (id:51158)
Homes for sale in Toronto
For rent $75,000 Monthly
House For Sale in toronto, 91 VALECREST DR

91 Valecrest Dr

Toronto, Ontario

5 Bedroom 8 Bathroom
Rare opportunity to rent this one of a kind in the whole country! 91 Valecrest Drive is an elegant, sophisticated, unique, ultra-modern masterpiece in the heart of Edenbridge Humber-Valley. The most luxurious European-imported finishes coupled with privacy and scenic ravine views from every angle make this home a sublime creation. Exact curatorial attention is given to absolutely every detail. Extreme extravagance is brought to each level including Italian-imported kitchen with butlers pantry and custom mechanical quartz island, extra-high ceilings, custom two-level garage lift/display, heated driveway and walkways, immaculate master bedroom with wraparound balcony overlooking ravines, take the elevator or spiral staircase up to the custom pergola on rooftop patio overlooking Valecrest Ravines, indoor pool, hot tub, gym, wine cellar and much more! **** EXTRAS **** Italian marble floors, Gaggenau appliances, custom motorized kitchen island, custom pergola, spiral staircase to rooftop terrace with spectacular views, control4 home automation, security system, sound system. (id:51158)
Homes for sale in Toronto

Homes For Sale in the GTA, Price under $500,000: Your Ultimate Guide

Searching for an affordable home in the Greater Toronto Area (GTA) can be quite a challenge. With soaring real estate prices, it’s crucial to find options that fit your budget. In this detailed guide, we will take you through the process of finding Homes For Sale in the GTA, Price under $500,000. Whether you’re a first-time buyer, an investor, or simply looking for a new place to call home, this article is your go-to resource.

Let’s dive into the GTA’s real estate market and explore the opportunities that await.

Exploring the GTA

The GTA, short for the Greater Toronto Area, encompasses not only Toronto but also several surrounding cities and regions, making it one of the most populous and diverse metropolitan areas in Canada. It’s known for its vibrant culture, strong job market, and excellent quality of life.

Why Choose the GTA?

  • Vibrant Job Market: The GTA is home to numerous industries, including finance, technology, healthcare, and more, offering a plethora of job opportunities.
  • Diverse Communities: You’ll find a wide range of neighborhoods, each with its unique character and amenities.
  • Excellent Education: The GTA boasts top-notch educational institutions, making it an ideal place for families.
  • Cultural Hub: From museums to theaters, there’s always something exciting happening in the GTA.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Finding Affordable Homes

Setting Your Budget

Before you start your search for Homes For Sale in the GTA, it’s essential to determine your budget. A budget under $500,000 is considered affordable in this region.

Exploring Neighborhoods

Mississauga: A Suburban Oasis

Mississauga, a vibrant suburban city, offers affordable housing options while being in close proximity to Toronto. With its excellent transit system and beautiful parks, it’s a favorite among families.

Brampton: Affordable and Growing

Brampton is known for its affordability and a wide range of housing choices. It’s a city that’s continuously growing, making it a great place to invest in real estate.

Durham Region: Room to Breathe

The Durham Region, including cities like Oshawa and Whitby, offers spacious homes at affordable prices. It’s an excellent choice for those seeking a more suburban lifestyle.

Working with a Realtor

Enlisting the help of a knowledgeable real estate agent can significantly simplify your home search. They have access to listings that might not be publicly available and can negotiate on your behalf.

Financing Your Home

Mortgage Options

Fixed-Rate Mortgage

This mortgage type offers stability as your interest rate remains the same throughout the loan term, making budgeting more predictable.

Variable-Rate Mortgage

With a variable-rate mortgage, your interest rate fluctuates with market conditions, potentially resulting in lower payments during low-rate periods.

Down Payment Assistance

In Canada, there are various programs and incentives to assist first-time homebuyers in making their down payments more manageable. Be sure to explore these options.

FAQs

Q: What are the current real estate market conditions in the GTA for homes under $500,000? A: The GTA’s real estate market for affordable homes is competitive. It’s advisable to act quickly when you find a property that fits your criteria.

Q: Are there any additional costs to consider when buying a home in the GTA? A: Yes, in addition to the purchase price, you should budget for closing costs, property taxes, and home insurance.

Q: Can I negotiate the price of a home in the GTA? A: Yes, negotiation is common in real estate transactions. Your realtor can help you navigate this process.

Q: What amenities can I expect in affordable GTA homes? A: Amenities vary by property, but you can often find homes with features like modern kitchens, outdoor spaces, and proximity to parks and schools.

Q: How do I assess the resale value of a home in the GTA? A: Consider factors like location, neighborhood trends, and the condition of the property when assessing its resale potential.

Q: Are there any government incentives for first-time homebuyers in the GTA? A: Yes, the Government of Canada offers programs to support first-time homebuyers, including the First-Time Home Buyer Incentive.

Conclusion

Navigating the GTA’s real estate market, especially for homes under $500,000, requires careful planning and expert guidance. By setting your budget, exploring diverse neighborhoods, and working with a realtor, you can make the process smoother and more successful.

Remember, the GTA offers an array of opportunities for those looking for affordable homes, whether you’re a first-time buyer, investor, or simply searching for a cozy place to live.

Now, armed with knowledge about Homes For Sale in the GTA, Price under $500,000, you’re ready to embark on your real estate journey in this exciting region. Happy house hunting!

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

Process of Buying a Home

For many, the dream of home ownership starts with buying a condo in Toronto. The city offers a wide variety of properties to choose from, and for first time buyers, there are plenty of options available that won’t break the bank.

Of course, buying your first home is a major decision, and there are a few things you need to keep in mind when making your purchase. Here are a few tips for first time home buyers in Toronto:

1. Make sure you budget realistically. When buying a condo, it’s important to remember that you’ll also have to factor in monthly costs like property taxes and maintenance fees. Don’t forget to include these expenses in your calculations when deciding how much you can afford.

2. Research the market carefully. It’s important to know what’s available and how much different properties are selling for before making an offer on anything.

Toronto is a great city to buy your first home. The condo market is hot right now and there are a lot of choices for first time buyers. It can be overwhelming to figure out where to start, so here are some tips to help you get started.

The first step is to figure out how much you can afford. Your mortgage broker can help you with this, but make sure you have a good idea of your monthly expenses and how much money you have saved up for a down payment.

Next, decide what type of condo you want. Do you want a downtown Toronto condo or one in the suburbs? Do you want a studio or one-bedroom? Make a list of what’s important to you and start browsing condos online or in person.

Finally, don’t be afraid to ask for help when looking for a house for sale, your local Real Estate Agent, that’s me..  Tony Sousa has access to all the MLS Real Estate Listings. Is it the right time to buy real estate? or will the toronto real estate market come down as interest rates go up?

When is the right time to buy Toronto Real Estate

In reality, there is no single right answer when it comes to buying Toronto real estate. It all depends on your personal circumstances and what you are hoping to achieve. If you are looking for a long-term investment, then it may be wise to buy sooner rather than later.

MLS Listing, Homes for Sale

MLS Real Estate Listings

Toronto and Mississauga are two of the most popular locations in Canada for first time home buyers. The MLS real estate listings in these cities offer a wide variety of housing options to choose from, from condos and townhouses to detached homes.

The Toronto real estate market is booming, with the average price for a detached home reaching over $1.8 million. However, there are still many affordable options available in the city’s suburbs, such as Mississauga. In Mississauga, the average price for a detached home is around $1,000,000, making it an attractive option for those looking to get into the housing market.

There are also many great neighbourhoods to choose from in both Toronto and Mississauga. In Toronto, popular areas include Leslieville, Riverdale and The Junction. While in Mississauga, locals favour areas like Streetsville, Port Credit and Clarkson.