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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..
176 East Avenue N
Hamilton, Ontario
Welcome to this charming property with the potential to effortlessly reclaim its former status as a 3-bedroom haven. Boasting 2 bedrooms, an open living area, a cozy den, and an inviting open entry, this residence offers versatility and comfort. Nestled within the property is a convenient 1.5-car garage featuring a wood stove, ideal for both storage and cozy gatherings. Step outside to discover a delightful patio area, perfect for relaxing or entertaining guests. Additionally, the property provides 2 parking spots—one conveniently located in the front and another accessible via the alley. Situated within walking distance of the General Hospital, Shoppers, and parks, this home offers convenience and accessibility. Don't miss the opportunity to make this house your home. (id:51158)
381 Cope Street
Hamilton, Ontario
Recently renovated, new kitchen and bathrooms, replaced windows, roof shingles etc. Sold Under Power Of Sale Therefore As Is/Where Is Without Any Warranties From The Seller. Buyers To Verify And Satisfy Themselves Re: All Information. **** EXTRAS **** n/a (id:51158)
1103 - 45 Charles Street E
Toronto, Ontario
Luxury Yorkville Condominium In Toronto's Upscale Yorkville/Bloor/Yonge Neighborhoods. This Cozy Studio Suite Offers Contemporary Comfort in a Prime Location. Euro Design Kitchen W/ Integrated Appliances. Luxury Chaz Club With Amazing View, Stylish Lobby, Outdoor Courtyard, Exercise Room, Games Room. Enjoy Proximity to Iconic Landmarks Such as Yonge-Dundas Square, the Royal Ontario Museum, and the Upscale Shops and Restaurants of Yorkville. Indulge in Culinary Delights at Nearby Eateries, or Take a Leisurely Stroll Through the Charming Streets of the Church-Wellesley Village. With Convenient Access to Public Transportation and Major Thoroughfares, Including the Yonge Subway Line and the Don Valley Parkway, the City Is Yours to Discover from This Central Location. **** EXTRAS **** Fridge, Stove, Dishwasher, Microwave, Range Hood, Washer And Dryer. (id:51158)
135 James Street S, Unit #915
Hamilton, Ontario
Experience urban living at its finest in this stylish 1-BR apartment located in the heart of downtown Hamilton. Situated in a prime location near trendy cafes, restaurants, and shops, this 850 square foot unit offers the perfect blend of convenience and luxury. Step inside to discover a spacious living area with large windows that fill the space with natural light and offer stunning city views. The open concept kitchen features sleek appliances and ample storage space. The generous bedroom size provides a peaceful retreat with a cozy atmosphere. Additional highlights include an oversized bathroom, a separate den, in-suite laundry, and access to building amenities such as a exercise room and rooftop terrace. Don't miss this opportunity to live in one of Hamilton's most sought-after neighbourhoods! (id:51158)
1003 - 3390 Weston Road
Toronto, Ontario
Mesmerizing Sun-Filled Corner Condo. Breathtaking Spectacular South Views Of City Skyline. 2 Bedrooms With Endless Closet Space. Open Concept Dining/Living Room, Kitchen With Breakfast Bar. Enjoy Your Private Balcony With South Exposure. 1 Underground Parking Space . Steps To Park, Playground, Schools, Stores, Public Transportation, Highway 400. Building Amenities: Concierge, Gym, Indoor Pool, Sauna, Security Guard, Visitor Parking. **** EXTRAS **** Fridge, Stove, Rangehood, All Electrical Light Fixtures (id:51158)
304 - 21 East Avenue S
Hamilton, Ontario
GREAT CENTRAL LOCATION RIGHT OUTSIDE THE HAMILTON CORE. 2 BEDRM, 2 BATHRM CONDO APARTMENT WELL KEPT BUILDING. LRG OPEN CONCEPT LIV AND DINRM, LARGE BALCONY, 2PC ENSUITE BATH. 2 UNDERGROUND PARKING AND LOCKER INCLUDED. CLOSE TO ALL AMENITIES, SHOPS, GROCERY, AND TRANSIT. 2 PARKING SPACES 10 & 11. (id:51158)
521 - 72 Esther Shiner Boulevard
Toronto, Ontario
Less than $1000/Sqft In Centre of North York. Great deal for First time Buyer. Tango II By Concord at PARK PLACE. Minutes To 401, 404, Go Train, NY General, Bayview Village And Fairview Mall, Walk To Either Subway Station: Leslie Or Bessarion, New renovation for Laminaterd Floor and Painted Oversize One Bedroom with Large Closet Space, 9 Feet Ceiling,580 Sf+ 98Sf Balcony, View Of The South And East A Bright Unit To Enjoy. **** EXTRAS **** Ss Fridge, Stove, Dishwasher, Microwave Oven, Washer/Dryer, Electric Light Fixtures, Window Coverings.Inclusions: (id:51158)
21 East Avenue S, Unit #304
Hamilton, Ontario
Great central location right outside the Hamilton core. 2 bedroom, 2 bathroom condo apartment well kept building. Large open concept living room and dining room, large balcony, 2pc ensuite bathroom. 2 underground parking and locker included. Close to all amenities shops, grocery, and transit. 2 parking spaces. (id:51158)
103 - 1451 Walker's Line
Burlington, Ontario
Looking for the perfect condo that checks all the boxes? Look no further than 1451 Walkers Line! This open-concept 1 bedroom, 1 bathroom condo is designed for easy and comfortable living on the main level. Ideal for first time buyers or downsizers. Inside the condo, you'll find everything you need. From in-suite laundry to a new water heater, stove, washer/dryer, and updated plumbing. Private outdoor terrace is a perfect space to enjoy summer nights! Amazing location with easy highway access and close to all major amenities, Offering convenience at its finest. Nature enthusiasts will rejoice with Tansley Woods Park within walking distance, offering picturesque trails. And for your active lifestyle- outdoor activities like pickleball, basketball courts, soccer field and pool with Water slide! Mainway Recreation Center is just a block away, featuring a hockey rink. Enjoy private underground parking with an extra-wide space to accommodate any vehicle. Plus, there's a separate building with a gym and party room for all your fitness and social needs. Don't miss out on this opportunity to own your dream condo. It's time to make this beautiful space your own! (id:51158)
1104 - 120 Dundalk Drive
Toronto, Ontario
Buyers Seeking Affordability And Space! Then This Light Filled Condo Is For You. Located In The Dorset Park Neighborhood Bounded By A Highway And Packed Full Of Green Spaces And Convenience. This Home Features An Amazing All Inclusive Maintenance, Parking, 5 Appliances, Ensuite Locker, Modern Laminate Floors, Fabulous Recreational Facilities, Oversized Balcony And Steps To All Amenities. **** EXTRAS **** Fridge, Stove, Dishwasher, Washer, Dryer, Ceramics, Laminate Floors, All Window Coverings. AND New Electric Light Fixtures, Maintenance Includes All Utilities Also Includes Bell Fibe High Speed Internet and Cable (id:51158)
1418 - 1 Jarvis Street
Hamilton, Ontario
Welcome to urban living at its finest in Downtown Beasley, Hamilton! This sleek 1-bed, 1-bath condo offers a spacious layout, modern finishes, stainless steel appliances, and the convenience of in-suite laundry. Step onto the open balcony and soak in the city views. With its perfect blend of comfort and sophistication, this condo is a must-see for anyone seeking the best of city living. Perfectly situated for commuters or those interested in vibrant downtown living in beautiful Hamilton. Don't miss out on this prime opportunity! (id:51158)
1 Jarvis Street, Unit #1418
Hamilton, Ontario
Welcome to urban living at its finest in Downtown Beasley, Hamilton! This sleek 1-bed, 1-bath condo offers a spacious layout, modern finishes, stainless steel appliances, and the convenience of in-suite laundry. Step onto the open balcony and soak in the city views. With its perfect blend of comfort and sophistication, this condo is a must-see for anyone seeking the best of city living. Perfectly situated for commuters or those interested in vibrant downtown living in beautiful Hamilton. Don't miss out on this prime opportunity! (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.