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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..
1209 - 2645 Kipling Avenue
Toronto, Ontario
Comfortable Open Concept Living/Dining Room With Newly Stained Flooring. Freshly Painted and Newly tiled Kitchen and Storage Room. The Primary Bedroom Features A Large Walk-In Closet And Ensuite Bathroom. Accessible And Low Maintaince fee if compared in surrounding area!! LOW PROPERTY TAXES. Convenient Location That Is Just Steps From The New Finch LRT And Walking Distance To Albion Mall. **** EXTRAS **** Rogers internet included in maintaince fee!! TTC Bus Service at door steps!! (id:51158)
266 Paling Avenue
Hamilton, Ontario
Welcome to 266 Paling Avenue in Hamilton. This one storey, 2-bed, 1-bath home with modern decor is perfect for first-time homebuyers or those looking to downsize. Enjoy the cozy comfort with a completely open concept kitchen, living and dining room. Beautiful pot lights run throughout this carpet free home. Outside, a generously sized, completely fenced-in backyard is great for letting your pets roam. A convenient detached garage provides shelter for your vehicle, additional storage needs, or it would make a perfect workshop. (id:51158)
266 Paling Avenue
Hamilton, Ontario
Welcome to 266 Paling Avenue in Hamilton. This one storey, 2-bed, 1-bath home with modern decor is perfect for first-time homebuyers or those looking to downsize. Enjoy the cozy comfort with a completely open concept kitchen, living and dining room. Beautiful pot lights run throughout this carpet free home. Outside, a generously sized, completely fenced-in backyard is great for letting your pets roam. A convenient detached garage provides shelter for your vehicle, additional storage needs, or it would make a perfect workshop. (id:51158)
7 - 266 Limeridge Road E
Hamilton, Ontario
Bright and Spacious 2 Bedroom Unit on The Hamilton Mountain. Centrally Located near Limeridge Mall, Linc Parkwy and other great amenities. Granite Kitchen Countertop. New Owned A/C 2023. Freshly Painted (id:51158)
1 Old Mill Drive
Toronto, Ontario
Beautifully built-out authentic Italian restaurant available for conversion in the heart of Bloor West Toronto. This full-service, fully licensed concept features a relaxed atmosphere suitable for any occasion and offers an ideal space for special events, celebrations, work meetings, and more. This location boasts a 24-seat street front patio and is situated at the base of a 278-unit condo in the affluent South Kingsway/High Park neighbourhood. Surrounded by residential and commercial businesses, this immaculate restaurant presents excellent exposure for your next concept. There's a 12 foot exhaust hood with fryers, 8 burner stove, rational oven, 2 wood burning pizza ovens, walk-in fridge and freezer and so much more. A truly remarkable restaurant. **** EXTRAS **** * LLBO = 62 Inside + 24 Patio * Gross Rent = $9,500 + HST (includes sublease income of $4,000/month)* 10 Years Remaining + 5 Year Option To Renew * (id:51158)
403 - 40 Bristol Road E
Mississauga, Ontario
Prime Location Alert! Presenting a Well-Established Subway Franchise Nestled in the Heart of Mississauga. This Strategically Positioned Property Boasts Proximity to Schools, Highway Exits, Future LRT Path, Future Site of Above Condos, & a Vibrant Residential Area. Situated in a Bustling Plaza, This Franchise Enjoys High Foot Traffic. Subway is Among the Most Desirable Franchises to Own, Making this a Turnkey Operation with Considerable Potential. Kindly Refrain From Direct Visits to the Store*** (id:51158)
147 Maple Crescent
Hamilton, Ontario
Nestled within the picturesque community of Beverly Hills, this cozy and well-appointed home spans approximately 1100 square feet, offering a tranquil suburban retreat with easy access to urban amenities. The thoughtful layout includes two bedrooms, an office and two bathrooms for comfort and versatility. With large windows for natural light, the living room features a fireplace, creating warmth and ambiance, while the spacious primary bedroom offers a walk-in closet, ensuite, and sliding doors leading to a deck for a private retreat-like feel. Crown molding adds elegance to the interior, complemented by a carpet-free design for easy maintenance. The white eat-in kitchen is bright and inviting, with a side entrance for convenient access. The main bath boasts a luxurious jetted bathtub for relaxation. Outside, the home boasts a generous lot size, perfect for outdoor activities and gardening, along with four-car paved parking and a private backyard for relaxation or entertaining. Essential amenities such as schools, shopping centers, restaurants, and major transportation routes are close by, ensuring convenience for daily errands and commuting. Additionally, Beverly Hills Estate offers residents access to various amenities and daily activities, fostering a vibrant community spirit. With its thoughtful features and convenient location, this mobile home provides a comfortable and well-equipped living space. (id:51158)
2419 - 5 Massey Square
Toronto, Ontario
Location, Location! Stunning, Spacious 2 Bdrm Corner Unit. Bright Lg Enclosed Balcony. Very Well Maintained Building. Freshly Painted, Refinished Dark Parquet Floor, Walking Distance To Victoria Pk Subway, Doctor's Clinic, Dental, Daycare, Schools, Pharmacy. Million Dollar Rec Facilities Buy It Now And Make It Your Own. Don't Pay Rent. Quit That Expensive Gym Membership And Get Into The Toronto Real Estate Market. **** EXTRAS **** Fridge, Stove, Window Coverings, All Electric Light Fixtures (id:51158)
673 Queen Street W
Toronto, Ontario
Prime Location . Take advantage of this well priced Busy Nail Spa, Well Established Business Operationg for 10 Years. 950 SqFt Of Prime Nail Spa Area. Additional 450SqFt Furnished Basement . Cozy Spa Atmosphere,Excellent High Traffice Site, Well Managed. Good Neighbourhood Demographics. Sales $30k-40k /Monthly. Big Potencial. **** EXTRAS **** 6 High Quality Massage Foot Spa Chairs, 8 Manucure Work Stations, Reception Counter .3 Waxing Rooms.Rent $5700 Include Hst&Tmi.Facial Equipements, All Business Related Equipments And Supplies. Amazing opportunity to become a business owner (id:51158)
128 - 1300 Marlborough Court
Oakville, Ontario
All inclusive Maintenance With Charming 3 Bdrm + 1 Den & 2 Bath, 2-Level Condo Apartment In Oakville's College Park Community. Ideal For Families or Individuals Seeking A Peaceful Retreat. Bright South-Facing Unit With Easy Access To Yard! Updated Kitchen Countertop '16, 2nd Floor Engineered Hardwood '18, H/Vac Approx. '20/'21, Microwave & Stove '21, Vanity & Light In Main Bath '22. Building Amenities Include Party Room, Meeting Room, Gym, Sauna & More! Great Location Within Minutes To Parks, Trails, Oakville Place, Sheridan College Campus & Easy Access To Highways & Go Train! Don't Miss The Opportunity To Make This Delightful 3-Bedroom plus Den residence your new home. (id:51158)
704 The Queensway
Toronto, Ontario
Opportunity Knocks With This Well Established Franchise Restaurant Located In A Rapidly Growing Residential Community Along The Queensway. This Turn Key Franchise Has A Fully Equipped Kitchen w/ Walk-In Cooler, Stand Up Freezer, Grills & Cold Tables, Plus Extra Storage In The Basement. LLBO and Seating For 32. Business Benefits From An Owner/Operator! Franchisor Provides Strong Support & Full Training To Be Provided. Buyer Must Be Approved By Franchisor. **** EXTRAS **** Lease Term 3 + 5 Plus Option To Renew. TMI Included In Base Rent. (id:51158)
1713 - 17 Zorra Street
Toronto, Ontario
Enjoy Unobstructed Views and a meticulously maintained One Large Bedroom Condo (With One Parking and One Locker) in a Prime Location In Etobicoke. Featuring Laminate flooring, Stainless Steel appliances, Newly painted, and modern finishes throughout. This Move-in ready unit offers a perfect blend of style and comfort, ideal for End-users and Investors. 24 hr concierge (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.