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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..
104 - 384 Yonge Street
Toronto, Ontario
Indoor Retail Mall In The Heart Of Downtown Toronto. The Shops At Aura, Under Tallest Residential Condo In Toronto, Connected To College Subway Station And Future Connect To Underground Path In Downtown Toronto, Prime Opportunity For Retail Business In Downtown Toronto, High Walking Traffic To This Mall, Close To All Amenities: Major Banks, Restaurants, Bed Bath & Beyond, Ikea, Marshalls, Huge Fitness Club, Eaton Centre. **** EXTRAS **** Great Investment Opportunity. For Multiple Usage: Retail, Flexible Office, Professional. Electric Cigarette (Vape) Is Permitted. (id:51158)
2nd Flr - 5455 Yonge Street
Toronto, Ontario
Location!! Great Opportunity To Own An Established Hair Salon At Busy Yonge/Finch Intersection! Fantastic Yonge St Exposure! Lots Of Foot Traffic And Condo Development In The Surrounding. High End Leasehold Improvements. Two Parking Spots At Rear. **** EXTRAS **** Rent Is $6250/ Monthly (Including Tmi & Hst), Lease Term Till Aug 31, 2025, And Another 4 Years Renewable. (id:51158)
135 James Street S, Unit #817
Hamilton, Ontario
Tenant gave notice - Vacant July 1st. 1 Bedroom PLUS Den. “The Aberdeen" with in-suite laundry and stunning city views! This condominium has it all - 24 hour concierge, sauna and gym, private resident only ground park, as well as huge roof top terrace on the 14th floor! 1 assigned locker. Underground parking space available to buy or rent. (id:51158)
124-126 Cartwright Avenue
Toronto, Ontario
Welcome to THE CHAIR KING This place has been in business for the past 30 years. If you're looking to start a business add to your current business, Then this is your place. You could just plug and play and continue the same business or add to the offering in the furniture business. Endless possibilities. **** EXTRAS **** Lease till July 2027 and will have an option to renew. (id:51158)
1568 Bloor Street W
Toronto, Ontario
Opportunity to own a well-established luxury barber shop business in densely populated Bloor/Dundas area. Turnkey business with great clients, high-rate google review - extra room and potential to add additional salon services to grow your business. Location, location! Close to all amenities, surrounded by commercial/residential/offices, high vehicle and pedestrian traffic, one minute to bloor/dundas subway. Basement included. Everything ready for your barber shop business. Be your own boss - a must see! (id:51158)
2d04 - 7215 Goreway Drive
Mississauga, Ontario
Remarkable opportunity to acquire a unit within the renowned Westwood Square Mall. The unit boasts versatility and can accommodate a variety of commercial purposes including retail, office space, spas, dental practices, consulting firms, travel agencies and more. The mall's location in a high-traffic area, surrounded by retail establishments, and offices, make it an attractive investment opportunity. While the unit is presently occupied, it can be made available upon closing, The unit is situated on the 2nd floor, conveniently located across the escalator and in proximity to the food court. Currently the unit is leased on a month-to-month basis for a monthly rent of $800 (HST Included) but the lease can be negotiated or it can be provided with vacant possession. Whether you're a first time buyer, user, or investor, this is an ideal opportunity to capitalize on. (id:51158)
5-207 - 50 Old Kingston Road
Toronto, Ontario
** DON'T MISS THIS AFFORDABLE LIVING OPPORTUNITY ** All Inclusive Maintenance Fees cover water, hydro, heat, property taxes, cable & internet, building insurance & common elements.Welcome to 50 Old Kingston Rd. A quiet building in a beautiful serene setting - this 55+ adult co-op apartment building is tucked behind Kingston Rd surrounded by trees, greenspace & immaculately manicured grounds. Located close to public transportation, the 401, Centenary Hospital & major local amenities including shopping, banking, restaurants, parks & trails.This spacious 1 bedroom + 1 bathroom unit is freshly painted & boasts open concept main living space & stunning views of the forest/ravine & includes plenty of storage options with large storage locker on the basement level + a large ensuite storage closet.Parking space can be rented from the management, if available. Amenities Include Indoor Pool,Sauna,Fitness Room,Workshop,Billiards,Library,Party Room & Ample Visitor Parking. **** EXTRAS **** Basement Storage Locker is 3 feet 9 inches wide x 7 feet 6 inches long x 8 feet high - Lots of room to store your belongings, golf clubs, suitcases etc. (id:51158)
23 - 15 Northtown Way
Toronto, Ontario
Location! Location! One of the best locations for fast food take-out restaurant! Fully Renovated, beautiful and clean space comes with tasty and popular food in this busy neighbourhood and mobile ordering Apps .Surrounded By Many Luxury High-Rise Condos And Mature Dining Street. Newly Renovated And Equipped Kitchen ,Could Easily Be Converted To Any Type Of Cuisine. Good Opportunity To Own A Business With Low Rent To Operate With Good Revenue..Do NOT miss this rare opportunity! **** EXTRAS **** 352 Sqft, Low Rent $3950 +Hst (TMI ) Included. Lease term To September 30 ,2027 Plus 5 Years Renewable. (id:51158)
1950 Main Street W, Unit #303
Hamilton, Ontario
LOCATION FOR THIS 2 BEDROOM UNIT LOCATED CLOSE TO TRANSIT, SHOPPING, GREEN SPACE, MCMASTER UNIVERSITY AND MOST OTHER AMENITIES. STATUS CERTIFICATE UPON REQUEST. SEE BUILDERS FLOOR PLAN FOR ROOM SIZES AND LAYOUT. (id:51158)
85 Ellesmere Road
Toronto, Ontario
Established Bakery Gem in a High-Traffic Mall. Streamlined Operations, No Baking/Cooking Involved. Eye-Catching Design, Strong Visibility. Current Monthly Sales at $30,000 - Pre-Covid Numbers Were Even Higher. Unlock Untapped Potential. Owner at the Helm for 7+ Years. Perfect Venture for a New Immigrant Entrepreneur or Bakery Chain Expanding Operations. (id:51158)
386 Yonge Street
Toronto, Ontario
Parking Spot for Sale. Rarely Available. Prime 386 Yonge St Aura Condo. Located at Level P4 #249 (id:51158)
3 - 12 Lepage Court
Toronto, Ontario
Turnkey Auto Shop. Prime Location In Toronto. High Traffic Area. 8 Parking Spots Outside. 2 Hoists. Low Rent $3,600(Including TMI.). Excellent Industrial Building With Good Lease & Caring Landlord.Lots Of Potential. Coffee Shop Station, Office Area, Big Storage Room On The Second Floor. Seller Needs A Bigger Shop. **** EXTRAS **** 2 hoists 9000lb and 10,000lb, tire changer, tire balancer, air compressor, transmission jack, engine jack, floor jacks, press, a/c, torch, oil tank, heavy duty metal work table, bench grinder, spring compressor, engine oil drainer (id:51158)
62 Vaughan Road
Toronto, Ontario
Discover the untapped potential of a precious gem located in the heart of Vaughan and St. Clair West. This Thai restaurant is now available for a new visionary owner for the first time in ten years. The restaurant has had the same owner for the last 10 years and has an excellent business with a proven track record of generating great income. The main floor, which is approximately 1100 square feet, can seat 30 people, and the washrooms are located in the basement. The kitchen setup is great, with a 9-10ft kitchen hood, and can be converted to any cuisine. (id:51158)
11 & 12 - 600 Queens Quay W
Toronto, Ontario
Location! Location! Location! Right In The Heart Of Queens Quay Water Front, Superb Lake View From The Restaurant & Huge Patio. Faces The Toronto Music Garden. Welcoming & Functionally Laid Out With High Volume Walking Traffic Day & Night. Spacious Sitting Area With Additional Patio Space. This Restaurant Has It All. **** EXTRAS **** All Equipment, Chattels, And Fixtures. List To Be Provided Upon Conditional Offer Acceptance. (id:51158)
1402 - 77 Charles Street W
Toronto, Ontario
Yorkville Luxury 2 Bedroom Corner Unit Approx 1969 Sf With Spectacular South Views Of The City In Boutique Building Of Only 50 Suites. Fabulous 1624 Sf Terrace Ideal To Create Your Own Garden Oasis. All Principal Rooms Walk-Out To Terrace And South Balcony. Floor To Ceiling Windows, Built-Ins & Hardwood Flooring Throughout. Finest Finishes & Craftsmanship. Steps To Designer Shopping, Restaurants, Museums, University Of Toronto & Subway. **** EXTRAS **** Photos Of Living Room & Terrace Virtually Staged (id:51158)
C105 - 375 Bamburgh Circle
Toronto, Ontario
Prime business opportunity in a busy plaza, surrounded by high-rise apartments. This location boasts neighbors like McDonald's, restaurants and a prominent Chinese supermarket, enhancing its appeal. Presenting a well-maintained and profitable bubble tea shop, it represents an excellent oppotunity that is easy to operate. **** EXTRAS **** Lease Left 4 Years 2845.18/Month (Include Tmi, Water And Hst), option to Renew. (id:51158)
206 - 77 Leland Street
Hamilton, Ontario
Well maintained Condo Unit. Perfect opportunity for investors with low condo maintenance fee. 5 minutes walk to McMaster University and GO Station, close access to Hwy 403 and Hwy 8. Walking distance to shops, restaurants, public transit, schools. Lots of natural lights, high ceiling, granite countertop in kitchen with ceramic backsplash. Additional Building Amenities include On-Site Laundry, Secure In-Door Bike Storage, 24/7 Emergency Maintenance, Security Cameras and Visitor Parking. (id:51158)
28 Roncesvalles Avenue
Toronto, Ontario
Business for Sale - Step into the World of Antiques - are you ready to embark on a journey into the world of antiques and vintage treasures? Your opportunity awaits in the heart of Toronto's vibrant Roncesvalles and Queen Street area! For about twelve years, Old Trunk has been the go-to destination for antique enthusiasts and collectors seeking unique and timeless pieces, some of which have even made appearances on the big screen. Now, the current owner is ready to retire and hand over the keys to another enthusiast who can continue the legacy of preserving and showcasing the rich history and treasures this well-established business has offered. Old Trunk occupies about 4,000 square feet of open space and it enjoys a prime location in Toronto, with a steady stream of foot traffic and a loyal customer base. Known for its impressive inventory of carefully curated antiques and vintage items, it's a haven for history lovers and collectors alike. **** EXTRAS **** Some inventory may be included in the sale price - ask for details. (id:51158)
1172 Wilson Street W
Hamilton, Ontario
Well established turn key restaurant opportunity in Ancaster, serving Middle Eastern cuisine for the past 10 years. Very loyal clientele & LLBO licensed! Located in a busy plaza area with plenty of parking and close proximity to Longo's, LCBO, Tim Hortons & other established brands. Excellent exposure and high traffic area. Seating inside for 40 people & 2 washrooms. Do not go direct. (id:51158)
R128a - 5100 Erin Mills Parkway
Mississauga, Ontario
Great Opportunity To Own Well Established Connivence Store In Very Busy Erin Mills Town Centre Mall, Same Owner Running For Last 13.5 Years. Recently Upgraded By The Franchise Guidelines. Long Term Lease, Very Low Rent, High Wekly Sales Plus Lotto Commission & Western Union, Make Money & Enjoy The Life Also Working In Busy Mall Mon-Fri 10Am To 9Pm Sat 9:30Am To 6Pm, Sun 11Am To 6Pm, Surrounded By All Major Brands Like and theatre etc, High Profit Margin In A Business. Easy Operation. Rare Opportunity Store With Washroom Inside The Store. (id:51158)
146 - 101 Queensway Way W
Mississauga, Ontario
Cozy Cafe & Deli - The Only Coffee Shop & Restaurant located in the Queensway Professional & Medical\nCentre, Across From Trillium Hospital on Hurontario Street. Very high foot traffic from medical\nprofessionals, office employees & the general public. Fully Equipped Kitchen, Large Exhaust Hood &\ndining furniture included. Owners are moving and selling this turn-key high profit business. $3,395.68\nrent includes, water, natural gas, hydro, & washroom cleaning / supplies. **** EXTRAS **** Monthly revenue approx $10,000 - $15,000 per month. Add new items to the menu & increase sales for your\ncustomers to buy prepared dinner to take home. Add specialty coffees to increase profits. (id:51158)
101 Hammersmith Avenue
Toronto, Ontario
Looking For Your Very Own A Parking Spot? This Could Be The Opportunity You Are Looking For. Protect Your Vehicle From The Elements In A Climate Controlled Underground And Secure Parking. Ideal For Local Residents Or Local Business Owners In The Area That Need Parking. Enjoy The Convenience Of Never Having To Worry About Finding A Place To Park Again. (id:51158)
525 Eglinton Avenue W
Toronto, Ontario
Licensed Holistic Spa Business For Over 20 Years , Low Rent ,Make Great Money busy Intersection With Great Foot Traffic.4 Treatment Rooms + 1 Staff lounge with Washer and Dryer . 1 Bathroom with Shower. 1 Lobby. **** EXTRAS **** rent $2800 including TMI and water per month with 1 Fixed Parking Space. (id:51158)
F5 - 2 Bloor Street E
Toronto, Ontario
Don't Miss This Incredible Opportunity To Own A Thriving Subway Franchise In The Heart Of Downtown Toronto's Bustling Yonge & Bloor Area! Perfectly Situated In The Food Court Of A Busy Office Building, This Established Business Is Primed For Success And Growth. Turnkey Operation With A Strong Customer Base. Excellent Growth Potential As More People Return To Work. Comprehensive Training And Support From The Subway Franchise Team. (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.