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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..
#4204 -50 Old Kingston Rd
Toronto, Ontario
PREMIUM VIEWS overlooking the forest with an EXTENDED 30 foot Balcony! CUSTOM designed Kitchen Cabinets and countertop to make cooking enjoyable again, complete with: Easy-slide Drawer rails, Soft Close doors/drawers, space saving devices, undercabinet and cutlery drawers with LED LIGHTINGBEAUTIFULLY coordinated Quartz countertops QUALITY ALL NEW S/S Appliances included: Bosch Dish washer, large LG French Door Refrigerator/Freezer with in-door water & ice, HIGH CFM S/S Chimney Vent Hood, LG Convection / Self-Clean Oven GLISTENING large S/S single basin sink by Blanco, with Moen Chrome Faucet/Sprayer NEW high quality planked flooring with noise damping under pad Large Master Bedroom with lighted walk-in closet MAINTENANCE FEES include: Taxes, BELL Cable, 5G Internet and all Utilities NOTE: MUST BE OWNER OCCUPIED, AGED 55 AND UP. **** EXTRAS **** Parking space and locker are very close to each other. Pets are allowed with approval.*For Additional Property Details Click The Brochure Icon Below* (id:51158)
150 Charlton Avenue E, Unit #3208
Hamilton, Ontario
Welcome Home to Corktown, downtown living with spectacular West views of Hamilton & the escarpment from the 32nd floor. Close to St. Joseph's Hospital, schools (McMaster University & Mohawk College), public transit, parks, restaurants, and a quick walk to the GO station. This large 927sqft 1 bedroom condo unit offers plenty of space to meet your needs, with a great open & spacious layout. Amenities include on-site gym, pool, sauna, billiard room, squash court, party room, and shared laundry. Hydro, heat & water are all included in condo fees. Parking space is rented and available upon request. (id:51158)
#920 -1 Jarvis St S
Hamilton, Ontario
Offer Anytime*** Assignment Sale *** 1 Jarvis St, Hamilton. 461 Sqft Interior, 56 Sqft balcony 1 bedroom/ 1 Bathroom is for sale. Floor to ceiling windows, 8'6"" Ceiling Height. Quartz Countertop and Backsplash in Kitchen and Bathroom. Please note that this property is under construction and there will be no physical showings tentative occupancy date is 19 March 2024. Minutes away from all Major Hwys, mc master university, Hamilton general hospital and parks. (id:51158)
#1611 -55 Regent Park Blvd
Toronto, Ontario
Fully renovated, Perfect Studio With Unobstructed Views & A Balcony Too! Investors Take Note Of The Super Low Maintenance Fee. 9 Foot Ceilings! 24 Hour Concierge And A Whopping 45,000 Square Feet of Indoor & Outdoor Amenities Including Gym & Half-Court Basketball, 2 Squash Courts, Fitness Studio, Outdoor Terrace Lounge With BBQ Stations, Guest Suites. Visitor Parking too ! **** EXTRAS **** Minutes To The Downtown Core & Easy Highway Access. The 24 Hour Dundas Streetcar Is Just steps away. (id:51158)
#3a -5 East 36th St
Hamilton, Ontario
Welcome to this beautifully updated 2-bedroom co-op, where modern elegance meets convenience in every corner. As you step into this inviting space, you're greeted by an atmosphere of warmth and sophistication. The living area boasts ample natural light streaming through large windows, creating a bright and airy ambiance. The interior exudes a sense of contemporary charm. The highlight of this co-op is definitely its stunning kitchen with stylish cabinets and quartz countertops. The two bedrooms offer cozy retreats, each designed for optimal comfort and relaxation. The co-op offers convenient amenities such as on-site laundry facilities, secure entry, and dedicated parking, ensuring both comfort and peace of mind for residents. Situated on the Brow there are ample opportunities for walking, hiking and biking. This updated 2-bedroom co-op could be just the place you are looking for. **** EXTRAS **** Parking is $40 surface, $80 for inside Garage and $95 for outside garage. Maintenance covers taxes as well. Flooring is Engineered Hardwood. (id:51158)
62 Liberty St
Hamilton, Ontario
Welcome to 62 Liberty Street, where charm and character meet modern comfort. As you step inside this adorable 1 bedroom, 1 bathroom bungalow, you're greeted by an inviting atmosphere filled with warmth and personality. The kitchen features sleek countertops and ample cabinet space, making meal preparation a joy. Adjacent to the kitchen, the tastefully renovated bathroom offers a serene retreat with its contemporary fixtures and finishes. Step outside and discover your own private oasis in the secluded backyard. Entertain guests on the spacious deck, surrounded by lush greenery and the soothing sounds of nature. A garden shed provides convenient storage space for tools and outdoor equipment, while raised garden beds offer the perfect opportunity to cultivate your own herbs and vegetables. Beyond the tranquility of your backyard, you'll find yourself just a stone's throw away from a plethora of dining options, from cozy cafes to gourmet restaurants within the Corktown community. RSA. (id:51158)
62 Liberty Street
Hamilton, Ontario
Welcome to 62 Liberty Street, where charm and character meet modern comfort. As you step inside this adorable 1 bedroom, 1 bathroom bungalow, you're greeted by an inviting atmosphere filled with warmth and personality. The kitchen features sleek countertops and ample cabinet space, making meal preparation a joy. Adjacent to the kitchen, the tastefully renovated bathroom offers a serene retreat with its contemporary fixtures and finishes. Step outside and discover your own private oasis in the secluded backyard. Entertain guests on the spacious deck, surrounded by lush greenery and the soothing sounds of nature. A garden shed provides convenient storage space for tools and outdoor equipment, while raised garden beds offer the perfect opportunity to cultivate your own herbs and vegetables. Beyond the tranquility of your backyard, you'll find yourself just a stone's throw away from a plethora of dining options, from cozy cafes to gourmet restaurants within the Corktown community. Need to pick up groceries or catch a bus? No problem – both are just a short stroll away. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
#parking -35 Mariner Terr
Toronto, Ontario
Parking Spot For Sale. Excellent Location. For Purchase By Residences Of Harbour View Estates Incl. 5 & 35 Mariner Terr, 3 & 10 Navy Wharf Crt And 9 Spadina Only. Located In Highrise Lakeview Condo Building By Concord City Place. (id:51158)
#606 -1964 Main St W
Hamilton, Ontario
Stunning recently updated Condo in Hamilton West on the border of Dundas with great access to to all Amenities. This unit is just under 1100 sq ft with a huge balcony, close to trails water falls, McMaster Forest Nature Preserve, Shaver Falls, Tiffany Falls Conservation Area, Scenic Waterfall, Iroquoia Heights Conservation Area and Bird's eye view lookout point. Features Updated lighting, new vinyl flooring, both bathrooms have been renovated w/new vanities, soft close, quartz counters, new tub and ceramic tub surround, toilets, new slide in kit range, W/I pantry, kitchen ,3 bedrooms,1 1/2 baths with unsuite, walk/in closet, underground exclusive parking (6PA Level 1) locker (#606 in room GH), buyers can rent a second spot from another unit owner if needed. Also, indoor pool, sauna and laundry room on site. (id:51158)
1964 Main Street W, Unit #606
Hamilton, Ontario
Stunning recently updated Condo in Hamilton West on the border of Dundas with great access to to all Amenities. This unit is just under 1100 sq ft with a huge balcony, close to trails water falls, McMaster Forest Nature Preserve, Shaver Falls, Tiffany Falls Conservation Area, Scenic Waterfall, Iroquoia Heights Conservation Area and Bird's eye view lookout point. Features Updated lighting, new vinyl flooring, both bathrooms have been renovated w/new vanities, soft close, quartz counters, new tub and ceramic tub surround, toilets, new slide in kit range, W/I pantry, kitchen ,3 bedrooms,1 1/2 baths with unsuite, walk/in closet, underground exclusive parking (6PA Level 1) locker (#606 in room GH), buyers can rent a second spot from another unit owner if needed. Also, indoor pool, sauna and laundry room on site. (id:51158)
#uph 01a -30 Shore Breeze Dr
Toronto, Ontario
Canada's Tallest Water Front Building. Luxurious Fully Furnished Waterfront Upper Penthouse Condo With Breathtaking View Of Lake Ontario And Cn Tower ! Fantastic 4 Bedrooms Plus Office Space (Approx 3209 Sq Ft). Separate Home Office Or Dining Room With Double Doors. 10Ft Smooth Ceilings W/Pot Lights. 3 Parking Spaces, 4 Lockers, 1 Humidor, 1 Wine Storage Incl. Access To Private Ph Sky Lounge. Resort Style Amenities: Games Room, Indoor Pool, Gym, Yoga & Pilates Studio, Dining Room, Rooftop Lounge With Bbqs, Street Cars Access, Minute Walk To Metro Grocery Store, Shoppers Drug Mart, Banks, Parks, Restaurants, Gardiner Expressway Hyw, Minutes Away To Downtown Toronto And Airport (id:51158)
#808 -12 York St
Toronto, Ontario
Deluxe Bachelor Suite In Ice Condo - At The Heart Of Downtown Toronto! Connected To Underground Path Direct Access To Union Station (Subway + Go Transit), Maple Leaf Sq, Scotiabank Arena, Core Financial District, Air Canada Centre And All Amenities. Super Efficient Floor Plan. Floor To Ceiling Window W/ Lots Of Natural Light. **** EXTRAS **** Modern Integrated Appliances W/Fridge, B/I Oven & Microwave, Washer+Dryer, Cooktop, Rangehood & Dishwasher. 24Hr Concierge, Renowned Building Amenities W/Fitness Ctr & More. 1 Locker #550 In Rm 3D at P 3 (Legal Description Unit312 Level C) (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.