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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..
166 Spadina Avenue
Toronto, Ontario
Prime Retail location!!! Successful Vape Shop Located On The Busy Corner Of Queen & Spadina.Turn-Key, Ready To Be Operated. **** EXTRAS **** Asset Sale. ** Please Do Not Speak With Employees, Or Go Direct During Store Hours. Your Discretion Is Appreciated. Thank You (id:51158)
1189 Bloor Street W
Toronto, Ontario
Prime Retail location!!! Successful Vape Shop located On The Busy Corner of Bloor St, W & Brock. Turn-key, Ready To be operated. **** EXTRAS **** Asset Sale. Please Do Not Speak With Employees, Or Go Direct During Store Hours. Your Discretion Is Appreciated. Thank You (id:51158)
B - 252 1/2 Carlton Street
Toronto, Ontario
An unparalleled opportunity awaits you in the heart of Cabbagetown! This rarely offered, money-making, environmentally friendly dry cleaning plant boasts a long-standing legacy of success. Strategically located and fully equipped, this thriving business has not only weathered the pandemic storm but has emerged stronger than ever. Don't miss your chance to be your own boss, own a prime business, and secure your financial future. Seize the opportunity today! **** EXTRAS **** Please Do Not Talk To Employees & Do Not Go Directly To The Business Without An Appointment. (id:51158)
K-7 - 80 Courtneypark Drive E
Mississauga, Ontario
*MUCHO BURRITO - Amazing opportunity to own a Turnkey Mexican Food Franchise Restaurant Business. Easy to operate, open 7 days a week and prime location of Hurontario St & Courtney Park with plenty of parking. Located at the busy Cineplex plaza facing Hurontario, surrounded by High Density Commercial Buildings and Residential area. Chances of business growing even more once LRT will be completed. RENT + TMI + Water =$9020.93. **** EXTRAS **** Plus Inventory. Do Not Talk To Employee. Strictly No Showings Without Appt. (id:51158)
10a - 3145 Dundas Street W
Mississauga, Ontario
Chatime is one of the largest and fastest growing bubble tea brands in the world, offering innovative tea beverages with over 1000 locations worldwide in over 30 counties. Over 100 locations in Canada, Chatime was the first to bring authentic, customizable bubble tea to the market. Chatime enables customers to experience quality bubble tea in new and unique ways by creating happy moments with our guests, one steep at a time. Surrounded by national tenants including Costco, Mcdonald's, Home Depot, CIBC & many more! **** EXTRAS **** Chatime is driven to challenge the boundaries of bubble tea and make drinks fun, creative, and most importantly, delicious! Each cup of tea is freshly handcrafted and made just right with high quality tea leaves. (id:51158)
4141 Dixie Road
Mississauga, Ontario
Opportunity To Own a Turn Key food Court Business located Inside Rock wood Mall (Mississauga), well Established Greek Food (Mr Greeco) Take Out , With Mall Seating Operation Close To 10 Years , Long Term Repeated Customer ,Mall Food Traffic And Surrounded By School With In Walking Distance , Lots Of Mall Parking, Easy To Operate , Training Will Be Offered , Great for Family Business , Lease Price Is $3500 A Month( TMI Is Included In The Lease Price),The Lease Term Is 3+5 ,First 3 Years Is Almost Done , The New Owner Pays Only For The Gas and Electricity . **** EXTRAS **** Incudes All Existing Chattels and Equipments (id:51158)
7 - 5025 Heatherleigh Avenue
Mississauga, Ontario
This Family Practitioner Clinic Has Been Under The Same Ownership For The Past 20 Years And Holds The Exclusive Right Within The Plaza. The Clinic Has Four Exam Rooms, Two Offices (One Can Be Converted Into A Lab), And A Good-Sized Waiting And Reception Area. The clinic also holds exclusive rights to physiotherapists, chiropractors, and massage therapists. A Prime Location At The Intersection Of Eglinton And Mavis. It Is Part Of A Busy Plaza That Offers Other Medical Services, Including A Dentist, A Pharmacy, A Rabba And A Tim Hortons. The Owner Is Willing To Train And Work With The New Owner 1-2 Days A Week. The Clinic Receives A Lot Of Walk-In Patients And Has Built A Good Reputation Over The Years. (id:51158)
2b9 - 4675 Steeles Avenue E
Toronto, Ontario
Opportunity To Own A Unit At Prime Kennedy / Steeles Location At Splendid China Mall, Next To Go Train Station And Public Transit. Across From Pacific Mall. Millions Of Opportunities Now & Future. Highly Visibility Beside Upward Escalator. Successful Business In Current Location In Past 10 Years, Seller Like To Lease Back. Attractive Price For Investment Or Run Your Own Business. Don't Miss It!!! **** EXTRAS **** Seller Willing To Lease Back. Please Do Not Go Direct Or Talk To The Employees. (id:51158)
2a17&18 - 4675 Steeles Avenue E
Toronto, Ontario
Opportunity To Own A Newly Reno'd Combined Unit At Prime Kennedy / Steeles Location At Splendid China Mall, Next To Go Train Station And Public Transit. Across From Pacific Mall & New Remington Centre. Millions Of Opportunities Now & Future. Highly Visibility Beside Elevator. Attractive Price For Investment Now And Use In Future. Don't Miss It!!! **** EXTRAS **** New Sink, New Cabinet (id:51158)
A105 - 41 Lebovic Avenue
Toronto, Ontario
Exciting opportunity to acquire a turnkey business! Step into the role of a business owner and takecontrol of your future! This meticulously renovated space is all set for you to launch your ventureright away, or tailor it to suit your specific business needs. Nestled in a vibrant plaza bustling withactivity, this prime location boasts a diverse mix of tenants, including the renowned D Spot, theupscale Affy's Premium Grill, the popular F45 Fitness Club, as well as a variety of restaurants and foodcourt options. Positioned to become the go-to destination for both office spaces and dining experiences,this plaza offers a dynamic environment for growth and success. (id:51158)
104 - 2225 Markham Road
Toronto, Ontario
Potential to own this office unit. space within the optical store, option to divide the unit , 2 offices along with reception and waiting area, why to rent when you can own this unit in the medical building. Main floor unit with amazing exposure to the main parking lot and next to the entrance of the building. Good signage and very nice medical building. Excellent for lawyer office, Real estate office or any other professional office. Existing optical clients and multiple medical businesses on site. Option to keep the unit open along with optical store. Closing this year, Currently under interim occupancy!!! **** EXTRAS **** Buyer and buyers agents to verify the details. Option to purchase the brand new equipment. (id:51158)
272 Danforth Avenue
Toronto, Ontario
No Look Further! Here's An Excellent Opportunity To Manage A Well-established And Profitable Turn-key Nail & Spa Business In Greek-Town, Featuring A Prime Location Near Chester Subway Station. This Bustling Area, With High Foot Traffic, Guarantees Great Visibility. A Lot Of Potential And Repeated Customers. Rent Includes Extra About 701 Sf Basement For Use. High Potentiality For Adding Beauty Academy, Tattoo, Tanning, And Laser Eyelash Extension Salons. Current Price Includes All Equipment And Inventory. At The Buyer's Request, The Seller Is Willing To Offer Chair Rental To Assist With Business Operations And Customer Management. Also, Having An Art Academy Right Next Door Is Very Beneficial, As Parents Frequently Visit The Nail Shop While Waiting For Their Children. **** EXTRAS **** Fully Renovated Basement, Washroom on Main Flr, 5 Pedicure Chairs, 5 Manicure Stations, 3 Facial & Waxing Rms. Chattel/Inventory List Upon Request. Rent $4,912.11/Mo incl. Tmi & Hst, Lease to 2028 w/ 5 Yrs Optional (id:51158)
103 - 4235 Sheppard Avenue E
Toronto, Ontario
Rare found High-end Aesthetic Med-spa Clinic in a busy professional Medical building in the heart of Agincourt. Good exposure on Sheppard Ave. Easy accessible and close to 401 and Dvp. $$$ spent on renovations! Five treatment rooms and one office with sinks in each room! Gorgeous reception area with TV fireplace reception counter and product displays. Super competitive lease! All inclusive gross rent of $2500/m. HST and utilities included! Business or client list not included. Good for anyone to start their own business and get the advantage of the previous success and the extremely good lease! Easy to convert to any spa, massage clinics, all types of therapist clinic.. **** EXTRAS **** 5 Security cameras and big sign on the street, treatment beds included a lot of free parking spot. Don't Miss out On This Opportunity! (id:51158)
201 - 1650 Yonge Street
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)
252 Main E
Milton, Ontario
Two for One deal. Gongcha bubble Tea combine with Korean Airirang Hot Dog under one ownership. Strategically located in the heart of the lively Milton downtown core. A pedestrian friendly core combines inviting shops, intimate restaurants and cultural experiences with modern conveniences and historical charm. Franchisor provides lots of support and training. Their support guarantees a proven business model and huge brand recognition at surprisingly low franchise fees. Sale is steady consist of both walk-in and online orders. Rare Opportunity! Don't miss! EXTRAS **** Sales include all asset of the business, equipment & leasehold improvements. Inventory is not included. Please Do Not Talk To Employees. (id:51158)
Parking - 58 Marine Parade Drive
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 Road 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 Street
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 Street
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 Avenue 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 Place
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)
13 - 4664 Yonge Street 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 Street
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)
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.