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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 $150,000
House For Sale in toronto, 286 EGLINTON AVENUE W
Restaurant

286 Eglinton Avenue W

Toronto, Ontario

2000 sqft
Non-Franchise, Turn-key Bar For Sale right by the Avenue Metrolinx Station! Great investment opportunity. This bar has lots of history, ran by current owner for close to 10 years and the only bar in the area (no competition). Has survived covid and construction obstructions for 8 years. Strong regular based business. It needs some TLC but has 78 people capacity, large french windows that open for summer time. Guaranteed income with monthly karaoke nights, saturday live music, pool league nights on Mondays and Wednesdays and pool tournaments every friday. Potential for food operations; currently kitchen is only used for storage. One year lease remaining till Dec 2024, however new lease negotiable with landlord. (id:51158)
Homes for sale in Toronto
For sale $399,000
House For Sale in toronto, K001 - 1-70 EGLINTON SQUARE AVENUE
Retail and Wholesale

K001 - 1-70 Eglinton Square Avenue

Toronto, Ontario

80 sqft
High demand & one of the top lottery sales store in GTA.Jumbo lottery kiosk!!!!. $25 million, $4 million, $2 million and a lot of winner from this shop. With 2 OLG terminals, scratch, nevada break open tickets, no phone card, no cigarette, no bus ticket. Safe environment with high income and business is on the rise every year. Easy to run for small family business or start-up for new immigrants. Business has been running for over 45 yrs, lease term is until Apr30 ,2027.Low rent $3,356.41/month included TMI & HST & All utilities. Recent winner won $100,000.00 & $500,000.00 in 2023. Lottery Kiosk doesn't need purchase inventories and OLG will provide all the supplies. Not Franchise. **** EXTRAS **** Monday - Friday 9:30 a.m - 8:00 p.m, \nSaturday: 9:30 a.m - 6:00 p.m ( 9:30 a.m - 7:00 p.m in December)\nSunday: 12:00 p.m- 5:00 p.m. ( 11:00 a.m - 6:00 p.m in December) (id:51158)
Homes for sale in Toronto
For sale $279,000
House For Sale in toronto, 233 CONSUMER ROAD
Restaurant

233 Consumer Road

Toronto, Ontario

2314 sqft
Famous Japanese Restaurant Located At Sheppard / Hwy 404. Minutes To Major Highway. Surrounded By Shops And Offices. Location With High Traffic. Llbo License For 60 Seats Inside. Can Also Be Converted To Any Types Of Restaurant. Long Lease, Low Rent, Two Party Room & Patio. **** EXTRAS **** Rent $12000/ Monthly ( Include Tmi, Hst ), 4 Years Remaining Term And Another 5 Years Renewable. (id:51158)
Homes for sale in Toronto
For sale $99,000
House For Sale in toronto, 508 MCNICOLL AVENUE N
Manufacturing

508 Mcnicoll Avenue N

Toronto, Ontario

1900 sqft
Founded in Oct 2007, the main business is to provide the wholesale and retail of curtain services such as special fabric, track, Roman rod and related accessories needed for the production of curtains, they are also agents of local manufacturers roller blinds, Roman blinds, ZEBRA CURTAIN, VERTICAL CURTAIN, SHUTTER. There are so many small businesses, churches, preschools, Furniture stores, restaurants, corporate offices. High foot traffic. Over 16 years in operation, they have more than 2000 clients estimated and with which they have maintained long term business relationships. Due to excellent services and good products, there firm has enjoyed high reputation in the community. Inventory of fabric is about 7000 meters, is the curtain of the special cloth and yarn, width 2.8 meters (110â€) track And Roman poles about 7500 m. **** EXTRAS **** The total value is approximately $450,000. The owner have passed the retirement age, and want to spend more time with his family, so he have to transfer the business to the new owner. (id:51158)
Homes for sale in Toronto
For sale $85,777
House For Sale in hamilton, 132 KING STREET W
Personal Services

132 King Street W

Hamilton, Ontario

650 sqft
Welcome to a rare opportunity to own a thriving turnkey beauty salon in the heart of the bustling downtown Dundas neighborhood! This well-established business comes fully equipped with top-of-the-line facilities and supplies, making it the perfect investment for those seeking a seamless entry into the beauty and wellness industry. Immerse yourself in a space designed for success, featuring dedicated areas for hair, nails, and massage services. The salon boasts a sophisticated and inviting ambiance that appeals to the diverse clientele of the vibrant Dundas community. With a strategic location in a high-traffic downtown area, you'll enjoy a constant flow of foot traffic, ensuring maximum visibility for your business. The salon has a proven track record of great income and strong sales, a testament to its loyal customer base and the quality services provided. The current setup is well-equipped to handle a variety of beauty and wellness treatments **** EXTRAS **** offering endless possibilities for expansion and growth. Seize this chance to step into a lucrative business that is ready to continue its success story. (id:51158)
Homes for sale in Hamilton
For sale $150,000
House For Sale in toronto, 467 SILVERTHORN AVENUE
Retail and Wholesale

467 Silverthorn Avenue

Toronto, Ontario

1700 sqft
Excellent Neighborhood Variety Store, No Competition, Cigarette portion 40-50% only, Royal Customers, Weekly Sales Abt 10,000, High Margin and Great Family Income, Lotto Commission 3500/mo, ATM 500/mo, Rent 4050+TMI, Lease 4.5+5, Ample Storage Area located at the rear, with the option to utilize the Garage for additional space if required for Flower sales. (id:51158)
Homes for sale in Toronto
For sale $149,000
House For Sale in mississauga, 32A - 720 BURNHAMTHORPE ROAD W
Restaurant

32a - 720 Burnhamthorpe Road W

Mississauga, Ontario

1034 sqft
Location, Location, Location. Excellent Opportunity To Take Over A Well-Established Take-out Business Located In A Busy Plaza. High Demand Street Exposure Location Facing Burnhamthrope Road. Lots Of Parking, Fantastic Exposure, In Front Of Bus Stop And Minutes To Square One. Good For Small Business Owner. Easy To Manage. Excellent Opportunity To Be Your Own Boss. Current Owner Can Assist In Training. **** EXTRAS **** Rent $4384.52/ Monthly (Include Tmi , Hst), Lease Term Till May 31, 2027 And Another 5 Years Renew Option. (id:51158)
Homes for sale in Mississauga
For sale $425,000
House For Sale in toronto, 1248 ST CLAIR AVENUE W
Restaurant

1248 St Clair Avenue W

Toronto, Ontario

2000 sqft
Turn key operation, franchise pizzeria business for sale at a prime location, Well established, many years in business at the same location, great reviews online, one of the communities favorite pizza in the neighbourhood, Sales are $85,000 per month as per seller, Very low rent for this busy location of only $6,000 per month, Long Term Lease of 8+5 years remaining, sitting area of 50 people, completely renovated location, LLBO licensed make this business yours today!! List of chattels available (id:51158)
Homes for sale in Toronto
For sale $70,000
House For Sale in toronto, 28 TED ROGERS WAY

28 Ted Rogers Way

Toronto, Ontario

Only Current Unit Owner Of The Building Is Eligible To Purchase. (id:51158)
Homes for sale in Toronto
For sale $99,000
House For Sale in toronto, 33 - 384 YONGE STREET
Retail and Wholesale

33 - 384 Yonge Street

Toronto, Ontario

230 sqft
Retail Unit W/ Great Exposure (2 Sides Glass) In Underground Concourse Of ""The Shops At Aura"" In Heart Of Dt Toronto At Yonge/Gerrad! Direct Access To The 78-Storey Aura Condo (One Of The Tallest Residential Condo Building In Canada), The College Subway Station, Walks To College Park, Ttc, U Of T, Dundas Square. Ideal For All Kinds Of Retail, Many Famous Stores In The Concourse, Ikea Store Just Above! **** EXTRAS **** Closes To Food Court, Escalator & Restroom, High People Flow Year Around. Lockbox For Easy Showings. (id:51158)
Homes for sale in Toronto
For sale $375,000
House For Sale in hamilton, 3 - 2070 RYMAL ROAD E
Restaurant

3 - 2070 Rymal Road E

Hamilton, Ontario

1284 sqft
Indulge in a savoury opportunity! Own this thriving shawarma business and savour the taste of success. A turnkey operation awaits, recently renovated with many upgrades. Complete with a loyal customer base, prime Hamilton East Mountain location. Seating for up to 30 guests, ample parking, full exterior signage. Price includes all equipment. Opportunity to be your own boss. Great Lease Agreement in place until 2032 and Seller will train Buyer after possession. **** EXTRAS **** Rent and TMI is $5,243 Monthly ($34.00 Net + $15.00 TMI) + HST Until April 2025. Net rent to increase from years 4-7 to $36.00 + HST and years 8-10 to $38.00 + HST. Lease Term Until April 2032 with option to extend for an additional 5 years (id:51158)
Homes for sale in Hamilton
For sale $35,900
House For Sale in toronto, 205 ROYAL YORK ROAD
Retail and Wholesale

205 Royal York Road

Toronto, Ontario

1 Bathroom 600 sqft
. (id:51158)
Homes for sale in Toronto
For sale $149,900
House For Sale in toronto, 125 VILLAGE GREEN SQUARE

125 Village Green Square

Toronto, Ontario

5 Prime Parking Spots For Sale On Level 2 In Tridel Luxury Condo! All Are Conveniently Located & Close To Condo Entry Doors/Elevators! Please Note: Spots May Be Purchased Individually, In Pairs Or Up To 5 & BUYER MUST RESIDE IN BUILDING, Or. In The Process Of Purchasing A Unit In The Building! Impressive Returns! Makes For An Excellent & Affordable Investment! Become The ""Parking Spot"" Guy/Gal In The Building & Earn Great Passive Income. Parking Spot #'s are 27,28, 32, 56 And 71 At Level 2 In Solaris 1. Amazing Opportunity For Continued Rental Income & Never Stays Vacant As Demand Is Very High As The Spots Are Always Rented & Strategically Located ! Total Monthly Income For All 5 Spots Is $750 Per Month Or $9,000 Gross Annually. **** EXTRAS **** 5 Prime Parking Spots For Sale. A Great Addition To Your Portfolio! Don't Miss Them. NOTE: MUST BE A UNIT OWNER IN THE BUILDINGS IN ORDER TO OWN/PURCHASE THESE PARKING SPOTS. (id:51158)
Homes for sale in Toronto
For sale $80,000
House For Sale in toronto, 224 - 222 SPADINA AVENUE

224 - 222 Spadina Avenue

Toronto, Ontario

316 sqft
Prime retail unit in well known Downtown Toronto Landmark, Currently divided into two stores and can be combined, functional layout, great opportunity for investor or end user. (id:51158)
Homes for sale in Toronto
For sale $89,000
House For Sale in oakville, 2358 LAKESHORE ROAD W
Personal Services

2358 Lakeshore Road W

Oakville, Ontario

2 Bathroom 600 sqft
Be your Own Boss! Located on busy Lakeshore Rd in the heart of Oakville, it provides the diverse community with the services they need most: manicure spa/salon, manicures, pedicures, additional space for other beauty services. 3 top of line Pedicure Massage Chairs, 3 Manicure Chairs, 2 Waxing Rooms, 3 nail Stations, 1 hair station, 2 Washrooms and 1 Bathroom. Competitive rent of $3,000 including TMI and 50% of water & electricity. New leases available. Lots of traffic, walk-in clients and Appointment based services. Cozy atmosphere with private treatment Rm. Perfect spot for someone who is looking for a quick start to Beauty spa business Without having to spend months and $$$$$ To set it up. This turnkey profitable and established upscale beauty/nail salon fully equipped with everything you need to start your business in the desirable location. **** EXTRAS **** The beauty bar is 600 sq. ft. on the first floor and 800 sq. ft. downstairs, with 3 rooms ,1 bathroom, and ample off-street parking. Located on busy Lakeshore Rd in the heart of Oakville. Surrounded by commercial and retail stores. (id:51158)
Homes for sale in Oakville
For sale $350,000
House For Sale in burlington, 3550 DUNDAS STREET

3550 Dundas Street

Burlington, Ontario

2175 sqft
Location, location, location, very well established dollar / party/ discount store,24 years old business, Very busy plaza, anchored by Longo's, Tim Horton's and other numerous quality businesses, high traffic. Very well kept plaza, recent updates newly paved parking lot, remodelled store front and store signs. Perfect business for a family or new immigrants. Very friendly neighborhood. Very bright and clean store. High margin party business. Lottary approved in store for more income **** EXTRAS **** Easy to operate, short hours, rent approx.. $5939 + tmi. Short hours m-f 10am - 7pm, sat 10 am -5pm, sun 10am - 4pm please do not go direct, do not disturb or ask employees. (id:51158)
Homes for sale in Burlington
For sale $285,000
House For Sale in toronto, 202 - 2855 MARKHAM ROAD
Other

202 - 2855 Markham Road

Toronto, Ontario

453 sqft
Amazing New Office Building In Toronto! Professional Office Unit For Sale, Ideal Office Space For Any Professional Services, Very High Traffic Location, Close To Markham, Highway 401, 407/ Sufficient Visitor Parking, Open Space Office Area. Permitted Use: Professional Office, Medical, Marketing, Engineering, Accounting, And All Other Office Uses. Maintenance Fee Include All The Utilities. (id:51158)
Homes for sale in Toronto
For sale $278,901
House For Sale in toronto, 205 - 45 INDUSTRIAL STREET

205 - 45 Industrial Street

Toronto, Ontario

1 Bathroom
This is a storage unit or work shop. Small affordable units accessed by freight and passenger elevator. Not zoned for residential. This would be a great addition for people living in condos or downsizing who need extra space. Unit size may be adjusted. Used could be; storage, shop, creative uses. Located close to all retail and big box amenities. Short walk to Laird LRT stop. Construction starts in March! (id:51158)
Homes for sale in Toronto
For sale $55,019
House For Sale in toronto, PARKING - 42 CHARLES STREET E

Parking - 42 Charles Street E

Toronto, Ontario

Parking Spot For Sale. Excellent Location, Close To The Elevator! To Purchase, The Buyer Must Own A Suite At 42 Charles St. E. (id:51158)
Homes for sale in Toronto
For sale $269,000
House For Sale in toronto, 787 STEELES AVENUE W
Restaurant

787 Steeles Avenue W

Toronto, Ontario

800 sqft
Great Opportunity To Own One of The Famous Pizza & Chicken, Franchises At Very Busy Plaza On Bathurst/Steeles Ave West, Toronto. Is Surrounded By Condos Many Regular & Walk-In Clients In Highly Populated Area, Large Delivery Area. Seating For Up To 15 People. Corner Location. Regular Clientele- Car Dealership, Schools & Offices (id:51158)
Homes for sale in Toronto
For sale $145,000
House For Sale in hamilton, 1574 BARTON STREET
Automobile

1574 Barton Street

Hamilton, Ontario

2000 sqft
Looking for a turn key! We got something special for you! Automotive Related Business in Hamilton on Barton Street and Strathearne Ave. Solid Business Includes Auto Inventory And Equipment. Building Boasts Workshop And Store Front With Sign And Good Exposure On Barton St. Take The Time To Look At The Business. Seller is motivated to sell. Selling for the Family Reason. (id:51158)
Homes for sale in Hamilton
For sale $299,000
House For Sale in oakville, D1 - 380 DUNDAS STREET E
Restaurant

D1 - 380 Dundas Street E

Oakville, Ontario

1800 sqft
Hero Burger Franchise In Dundas and Trafalgar area. Big Plaza with LONGOS next door. Canadian Tire and many Big Stores. Lots of traffic in the Plaza Location Location Location.Golden Opportunity for Hands On Owner. Same Location For The Last 11 Years. Turnkey Operation, Great Exposure, High Traffic Area and Visibility Fabulous Set Up of app 1800 sqft with Patio(16 Seats), Ambience Galore, Franchise. Delicious Food, Relaxing Atmosphere, Excellent Service, Great Sales!!! Very Profitable and Busy location Low Rent.No Use Change Hero Burgers Only. Lots of High Rise Developments coming nearby **** EXTRAS **** Get Busy from Day one. Big Patio and High Exposure. Buyer will have to be approved by Hero Burgers. Many Condos building around, more and more coming. (id:51158)
Homes for sale in Oakville
For sale $89,900
House For Sale in mississauga, 42 - 3065 RIDGEWAY DRIVE

42 - 3065 Ridgeway Drive

Mississauga, Ontario

1200 sqft
Opportunity to own a physiotherapy & massage rehab clinic in a busy well known plaza close to costco, furniture stores, restaurants bringing ongoing flow of traffic in the area. A medical health centre front door is right across from the clinic for visibility and referral potential. The clinic comes with a well established active client data base and existing chattels. There are Four Service Rooms **** EXTRAS **** Chattels included - list available. Lots of parking, close to highways 403 & QEW (id:51158)
Homes for sale in Mississauga
For sale $15,000
House For Sale in toronto, 40 - 88 BROADWAY AVENUE

40 - 88 Broadway Avenue

Toronto, Ontario

Locker is located in prime location on P1. Only people who own a condo in 88 Broadway are allowed to purchase this locker unit. (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.