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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..
#d10.1 -55 Ontario St S
Milton, Ontario
Great location. Exterior pod location at Milton's major mall in one of Ontario's fastest-growing communities on the western edge of the Greater Toronto Area. Highly visible and Milton's highest traffic location at the intersection of Main and Ontario Streets. The Milton Mall location is the focus of Milton's central business district. This store opened in May 2021 and continues to grow. Short hours Sunday to Thursday 11 am - 10 pm. Friday and Saturday until 11 pm. Labour is only 120 - 125 hours/week. Reasonable rent of less than $3,500/month net with 7 years + 2 x 5-year options remaining. A very popular and in-demand menu. High sales, reasonable rent, low food costs and low labour costs lead to high profitability. Customers love the food. 2 large new condominium buildings are under construction adjacent to the property. If visiting without an appointment, please go as a customer and don't speak to staff. Thank you. **** EXTRAS **** Gross rent of $4,505.58/month (2024) includes TMI + the pylon sign rental of $100/month. Staffed with 1 owner and 4 employees. The Buyer needs to be approved and will be trained and supported by the franchise company (Toronto based). (id:51158)
##23 -3280 Midland Ave
Toronto, Ontario
Great Location, Restaurant At Scarborough Village Mall. In The Heart Of Scarborough. All Brand New Renovations With New Equipments. New Walk In Cooler / Freezer. Large Frontage Exposure With Great Lay-Out. Heavy Traffic. Can Be Converted To All Kinds Of Restaurant. Lot's Of Parking Available. **** EXTRAS **** Rent $14,741/ Monthly (Include Tmi, HST, Hydro, Water, Garbage, Pest Control...), Lease Term Till Nov 30, 2024 And Another 5 Years Renewable. (id:51158)
#2d1&2d2 -4675 Steeles Ave E
Toronto, Ontario
2 units combined retail space for sale at Splendid China Mall at one of the busiest interaction of Kennedy Rd & Steeles Ave East Toronto. High traffic next to Pacific Mall. Suitable for any types of business. Currently used as Rehab health Clinic. **** EXTRAS **** All Electrical light fixtures. Seller is willing to lease back the unit. (id:51158)
##309 -3852 Finch Ave E
Toronto, Ontario
Commercial Condo For Office or Retail Use... Good For Many Uses Such As Law, Medical, Hair Salon, Accounting, Real Estate, Mortgage,Labs,Etc... Busy Plaza With High Traffic. 3 Office Rooms, Reception Area And A Kitchen Area...Vacant Condition And Move In Immediately. **** EXTRAS **** Building Has Many uses including Doctors, Dentists, Accounting, Jewelry, Mortgage Brokers + More Offices. Close To Transit. (id:51158)
#29 -7895 Tranmere Dr
Mississauga, Ontario
Calling all Investors for rare opportunity to own a small ground floor condo office unit with 24 hours security near the Airport Corporate Centre. Zone E2 Office use. Prime Dixie/Derry Road Airport Vicinity. Close to Derry/Hwy 410/ Pearson Airport Area. Clean and Well maintained office building. Fully Sprinklered. Shared Kitchenette and Washroom on Main floor. Fob key for private access. Ample parking for visitors. (id:51158)
#a-18 -20 Turntable Cres
Toronto, Ontario
Parking Space Available For Sale At TSCC 1824, Located In Davenport Village! Offers Anytime, Price May Be Negotiable. Buyer Must Be Current Owner/Resident At Tscc 1824. **** EXTRAS **** Parking: Legal Unit No. 18, Level A - Parking Space # 18, Level A - Legal Description: UNIT 18, LEVEL A, TORONTO STANDARD CONDOMINIUM PLAN NO. 1824 (id:51158)
#18 -1250 South Service Rd
Mississauga, Ontario
Flea Market 4 units Lower Level -Collectables Basement at Dixie Plaza. Open Saturrday and Sunday . From: 10 am untill 5 pm Area total :2500 SQ.FT . Unit # 18- $ 35,000 , Unit #60- $ $50,000 , Unit# 5 - $ 20,000, Unit # 3 - $ 165,000 **** EXTRAS **** List of chattels and collectables (id:51158)
#218 -45 Industrial St
Toronto, Ontario
2nd floor warehouse/shop accessed by both passenger & freight elevator. Employment/office condo. Existing building to be upgraded with new; windows, doors, utilities, drywall h/vac facade, landscaping. Located close to Leaside Big box amenities. Walk to new Laird LRT station. Maintenance $2.93/ft annum. Tax and maintenance are unassessed and estimated. Large Freight Elevator With Direct Outside Access. Virtual tour attached. Construction starts in March! **** EXTRAS **** unit may suit the following uses: contractor shop, office, warehouse, light manufacturing, studio (id:51158)
#c128 -361 Front St W
Toronto, Ontario
Parking Spot only. Must be an Owner within the Condo Corp Buildings. (id:51158)
5332 Yonge St
Toronto, Ontario
Amazing Opportunity To Own A Fast Growing and Profitable Cannabis Store Located in the Heart of North York! Street front access on busy Yonge Street. Good exposure! Heavy walking traffic with a lot of walk-ins and repeat clients! Excellent Google review! Surrounding with lots of condo buildings and office buildings. Fully of residential and commercials! Fully Licensed and professionally finished! Turn-Key Business and make money from the first day! Strong sales! avg 2mil annually! Owner relocating! **** EXTRAS **** 2 designated parking spot and visitor parking at the back. Over $200k spent on renovation. 2+5 Lease remaining. (id:51158)
#01 -2677 Eglinton Ave E
Toronto, Ontario
Turn Key Restaurant. Comes With Fully Functional Kitchen. It Can Be Easily Converted In The Different Types Of Menu Food And Seating Facility Restaurant. Located On Lots Of Commercial And Residential Area. Rent Is Very Reasonable. Basement Big Space Also Included. Owner Is Moving Different Area. Come And Visit For More Details To Know. Don't Miss Out This Good Opportunity. (id:51158)
#2nd Flr -468 Brant St
Burlington, Ontario
Must See Successful Spa Business Located at Heart of Burlington Downtown! Busy Area Next to Shops, Restaurants, Starbucks, And Luxury Waterfront Condos. Stable Clientele Base And High Google Review. Over $60K Has Been Spent On Renovations, This Premise Includes Reception Area With Waiting Area, One Foot Massage Room, Three Individual Treatment Rooms, One Double Treatment Room, One Staff Room, And One 3-pieces Bathroom. Current Business Provides Body Massage, Foot Massage, Aromatherapy, Exfoliation, Facial, Cupping, Osteopathy, etc. Business Website And Online Booking System Are Part Of The Deal! Competitive Lease With 3 Years Left In the Current Lease, $2,850 For 2023 Including TMI and water, And 5 Years Renewal Option. Seller Is Willing To Stay For Helping The Transition. Do Not Go Direct. (id:51158)
#6 -1970 Rymal Rd E
Hamilton, Ontario
Excellent opportunity to own a profitable & well-established running business in high-density area of Stoney Creek & Hannon. The store specializes in Halal Meats with full butcher counter, full kitchen with 10ft kitchen hood for take out, deli, groceries, convenience. No franchise fees. Prime location with full exposure on a busy street. A lot of parking is available in this neighbourhood shopping centre. Perfect for a family business. (id:51158)
6-1970 Rymal Road E
Hamilton, Ontario
Excellent opportunity to own a profitable & well-established running business in high-density area of Stoney Creek & Hannon. The store specializes in Halal Meats with full butcher counter, full kitchen with 10ft kitchen hood for take out, deli, groceries, convenience. No franchise fees. Prime location with full exposure on a busy street. A lot of parking is available in this neighbourhood shopping centre. Perfect for a family business. (id:51158)
1012 King Street W
Hamilton, Ontario
Trendy Westdale neighbourhood. Turnkey, established Restaurant and Bar known for over 30 years. Excellent exposure, high drive by and foot traffic. Seats 133, with fully licensed bar and finished basement that is equipped with prep and storage. New owner since 2020, has an upgraded kitchen with many new appliances and fixtures. New fresh decor. Do not go direct, call L/A for appointments. (id:51158)
396 Queen St E
Toronto, Ontario
Fully Set Up Catering Business For Sale. Can Easily Be Used As A Restaurant. Fully Equipped Kitchen. (See Schedule For List Of Equipments). Full Basement. Very Accommodating Ll. Current Rent $3000 Plus Tmi Approx. $1200 Plus Hst. Lease Till Sep 2027, With 5 Year Renewal Option. Quick Close Available. Cr 2.5 (C2.0; R2.0) Ss2 (X2382) Zoning. Buyers Agent Should Verify All Information Independently. **** EXTRAS **** See Attached List Of Equipment And Chattel. The Chattels Belonging To The Ll Must Stay Within The Premises Post Lease, But Will Be Available For Exclusive Use. (id:51158)
1563 Eglinton Ave W
Toronto, Ontario
Sale Of Cell Phone Business Located In An Ideal Location In Toronto. Authorized Dealer Of Chatter, Freedom, Kodo, And Lucky Mobile. Also Include Fedex Shipment And Drop Off Center, Paybrite & Ria Money Transfer. Cellphones, Tablets, Laptops Sales & Repairs. Sim Card Activations Freedom Mobile, Chatter Mobile, Lucky Mobile, Koodo Mobile, Telus. Prepaid Topup Vouchers International Credit. (id:51158)
2901 Bayview Ave
Toronto, Ontario
Rare Opportunity To Own A Shoe Repair Store In Bayview Village Mall! Bayview Shoe Repair Store Has Been Serving Customers For Over 10 Years. They Have Established A Great Business And Are Now Looking To Hang Up Their Shoes. This Opportunity Is Hard To Come By, Whether Repairing High-End Shoes Or For Those Sneaker Heads. This Location Has Great Foot Traffic And Will Not Disappoint. (id:51158)
4994 Dundas Street
Toronto, Ontario
Established Dry Cleaner Laundry & Alteration For Sale. Same Owner Run Since 2004. Open For Days A Week. Easy To Run, Money Making Business With Regular Clienteles, Affordable Rent, Very Bright Location Next To Business Corridor. High Rise Apartment Buildings. New buyer's obtain comprehensive Training. (id:51158)
4994 Dundas St
Toronto, Ontario
Established Dry Cleaner Laundry & Alteration For Sale. Same Owner Run Since 2004. Open only 6 Days A Week. Easy To Run, Money Making Business With Regular Clienteles, Affordable Rent, Very Bright Location Next To Business Corridor. High Rise Apartment Buildings. **** EXTRAS **** New Buyer's obtain comprehensive Training before completion date. (id:51158)
4679 Yonge St
Toronto, Ontario
Great Location! Prime Corner Restaurant With Super Exposure In The Heart Of Yonge & Sheppard! High Profile Street Front Exposure Overlooking Yonge Street. Lots Of Foot Traffic And Condo Development In The Surrounding. Brand New Renovation. Includes A Patio For Extended Dining Area. Fully Equipped Kitchen Can Be Easily Converted To Any Type Of Restaurant. **** EXTRAS **** Rent $23,940/ Monthly ( Include Tmi & Hst ), Lease Term Till August 31, 2025 And Another 5 Years Renewable. Inclusions. (id:51158)
#11 -1374 South Service Rd
Hamilton, Ontario
Incredible Business Opportunity To Own And Operate A Turn Key Franchise In ""Winona Crossing Shopping Centre"" . This Is A Tutoring Business Established Within New Premises (1209 Sq Ft) In 2020. The Location Is A High Traffic Area With An Abundance Of New Homes Built And To Be Built In The Immediate Area, Surrounded By Schools, Shopping And Seconds To Qew. Located In Costco Plaza **** EXTRAS **** Long Lease Is Assumable And Owners Will Train (id:51158)
792 Concession Street, Unit #4
Hamilton, Ontario
Low-Cost Growing Independent Chinese Restaurant Located In The Upper Mountain Concession Juravinski Hopital Area. Fully equipped commercial kitchen with 16ft hood, gas-supplied equipment, and walk-in freezer. Close To residence, Public Transit, Business And Residential Area. Good Opportunity For Family Business. Long-term lease is available. (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.