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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..
40 Harrisford Street, Unit #1106
Hamilton, Ontario
LOOKING FOR A LOVELY 2 BEDRM SUITE WITHIN A SHORT WALK TO SHOPPING PLAZA, PUBLIC TRANSPORT, HWY ACCESS, & GOLF? This 2-Bed 2-Bath Penthouse Suite, much more spacious than others, in a safe and secure, well managed & immaculate building, might be the one for you! Give it your own personal touches and enjoy the vibrant Fall colors of the Escarpment from every window of every room during the day, & heart-warming Sunsets at night! Take the elevator to the exercise room for a light workout, followed by a quick refreshing dip in the indoor salt-water pool, open year-round, or participate in Aqua Aerobics when you feel like! This unit features In-Suite laundry, decorative Fireplace, Open Balcony to sit & enjoy, Spacious Master with 3 pc ensuite bath & His & Her closets! 1 Storage locker & 1 Underground Prkg space included, extra parking spaces can be rented (subject to availability). Convenience Store, ATM, Dry Cleaners, and Pharmacy are just a short walk away! Glendale Golf Club is just a few hundred meters away. Red Hill Parkway provides quick access to Downtown as well as 403/QEW/Linc. Building Features a full-size saltwater swimming pool, Sauna, Tennis court, Exercise room, Party room, Paint/workshop room, and a Library. Please Note: This is a Dog-Free building. Call to book your private showing today! (id:51158)
1106 - 600 Fleet Street
Toronto, Ontario
You Can See The Water! Lakeview Apartment, Balcony + Cool Layout, Low Condo Fee. Incredible Amenities Include Bbq-Rooftop Terrace, Pool, Billiards, Gym, Lots Of Visitor Pkg, Ttc @ Door. Corner Suite With South And East Views. Steps To Loblaws, Joe Fresh, Shoppers Drug Mart, Starbucks. Walk To Restaurants Cafes, Toronto Harbourfront, Ttc, Billy Bishop Airport. Quick Access To Gardener & Dvp. **** EXTRAS **** Fridge Stove, B/I D/W, B/I Microwave/Rangehood. Washer, Dryer, Window Coverings. Property Tenanted, Tenant Mnth To Mnth,Pays $1500/Mnth, Assume Tenant or W N12 Form To Owner Occupy. Good For Self Move In Or Investment. (id:51158)
112 King Street E, Unit #410
Hamilton, Ontario
Rarely available Terrace Level Unit in Hamilton's historic, 'Residences of Royal Connaught'. Located in the Heart of Hamilton, next to Gore Park, steps to James St. N., a bike or bus ride to Hamilton's Bay Front Park, an elevator ride down to Starbucks, & a short walk to escarpment stairs and hiking trails. Step out onto your own Personal Patio that's connected to the beautiful Rooftop Terrace, complete with extra Seating Areas, a Gas Fireplace, BBQ's and Bistro Tables. This Unit was originally 1 bedroom that was built without the dividing wall, making it a studio apartment with a murphy bed. Fold the murphy bed up and out of the way when not in use, and you've got yourself a large and open living space, great for entertaining. (id:51158)
260 Bay Street S, Unit #1
Hamilton, Ontario
Welcome to The Annex! A Historical Building Perfectly Located In Trendy Durand Neighbourhood. This Bright Spacious Two Bedroom Unit Will Not Disappoint. Freshly Painted, Carpet Free, Large Windows Throughout Brings In Tons Of Natural Light, Huge Kitchen Island With Granite Countertop Great For Meal Prep And Extra Seating, Stainless Steel Appliances With Custom Backsplash. Cozy Living Room with Fireplace, Large Closets In Both Bedrooms, Ensuite Laundry With Custom Shelving, Hot Water Tank Owned(2023), Locker, Security System And Parking. Enjoy The Roof Top Garden Patio With Lots Of Seating, Outdoor Lights and Amazing Views Of The City. Close To HWY 403, McMaster University, Mohawk College, St. Joseph’s Hospital, Walk To Trendy Locke Street, Enjoy Restaurants And Cafes, Close To Parks, Transit, Bike Path, Grocery and MORE! (id:51158)
1005 - 2737 Keele Street
Toronto, Ontario
Welcome to the epitome of urban living! Introducing a property that embodies the timeless real estate mantra: ""Location, Location, Location!"" Nestled in a prime location just moments away from the prestigious Yorkdale Shopping Mall, this stunning residence is a dream come true for those seeking the perfect blend of convenience and luxury. But that's not all! This property is perfect for families of any size, offering ample space and comfort to create cherished memories. Conveniently located mere seconds from Hwy 401, your connection to the rest of the city and beyond is effortless. Say goodbye to long commutes and hello to a lifestyle of convenience and sophistication. With schools, grocery stores, medical services, and more just moments away, this is urban living at its finest. (id:51158)
2008 - 150 Charlton Avenue E
Hamilton, Ontario
This well-appointed two-bedroom, two-bathroom unit is ideally situated near St Joseph's and Juravinski Hospitals, parks, trails, public transit, the GO Train station, downtown, dining, and shopping venues. It boasts an open-concept layout and features a walkout balcony from the living room. Floor-to-ceiling windows provide stunning, unobstructed views and flood the space with natural light. The interior is painted in neutral colours and is equipped with laminate flooring throughout, along with in-unit storage. The condo building offers a range of amenities including an indoor pool, sauna, billiards room, gym, squash court, party/meeting room, a sun deck, a card-operated laundry on the second floor, and a security system. Great opportunity for first time buyers or those looking to downsize. **** EXTRAS **** Stove, Fridge, All Window Treatments And All Electrical Light Fixtures (id:51158)
519 - 2737 Keele Street
Toronto, Ontario
Welcome to the epitome of urban living! Introducing a property that embodies the timeless real estate mantra: ""Location, Location, Location!"" Nestled in a prime location just moments away from the prestigious Yorkdale Shopping Mall, this stunning residence is a dream come true for those seeking the perfect blend of convenience and luxury. But that's not all! This property is perfect for families of any size, offering ample space and comfort to create cherished memories. Conveniently located mere seconds from Hwy 401, your connection to the rest of the city and beyond is effortless. Say goodbye to long commutes and hello to a lifestyle of convenience and sophistication. With schools, grocery stores, medical services, and more just moments away, this is urban living at its finest. **** EXTRAS **** Washer and Dryer; Fridge; Stove, Built-In Dishwasher (id:51158)
390 Cherry Street
Toronto, Ontario
Very unique locker. Private door access with three walls of cinderblock for increased protection and security. Locker is located in its own private room. Locker can only be purchased by unit owners of either 390 Cherry Street or 70 Distillery Lane. (id:51158)
711 - 4673 Jane Street
Toronto, Ontario
Amazing Opportunity! Exceptional Location , Investors Choice, 2 Bedroom Condo with Parking. Steps to York University, Shopping & Amenities 7 Highways. New subway coming! Great Investment. Property Is Going As Is. (id:51158)
1915 - 36 Lee Centre Drive
Toronto, Ontario
Welcome to this absolutely stunning, move-in-ready one bed plus den condo in the prestigious Ellipse Towers. This unit's great floor plan ensures maximum use of space with ample natural light in the living room & primary bedroom, great kitchen, large bathroom, sizable den to be used as a home office and stage-of-the-art building amenities. Beautiful laminate floors throughout, spacious layout, ample natural light, customized built in closets. The sunsets from this north-facing unit are impeccable. Great access to Hwy 401, Scarborough town center, kids park, public transit and more. **** EXTRAS **** Comes with a large storage locker & parking spot. Amazing sunsets from the north-facing windows. Low maintenance fees. (id:51158)
2509 - 3883 Quartz Road
Mississauga, Ontario
**Assignment Sale** Location Location Location! Beautiful 1 Bedroom Condo In Mcity2 Loft Style with very High Ceiling At The Prime Location In The Heart Of Mississauga!! Spacious, Modern, Excellent Condo In The City Centre Close To Square One, City Hall, YMCA, Civic Centre, Library, Schools, Transit, Cinemas, Banks, And All Major Hwys; 403, 401, 410, 407 and Close To All Other Amenities. M2 Building By Multi Award Winning Builder, This Is An Assignment Sale. 404sf plus 72sf balcony + 476sf. Feels much larger because of the high ceilings.. **** EXTRAS **** This Is An Assignment Sale ** Building will be getting register in the next few months* Showings Are Available with Lb. This Is A High-Tech Modern Building With 5-Stars Facilities!! (id:51158)
8 Merchison Avenue
Hamilton, Ontario
2+1 Bedrooms, excellent North East location walking distance to major shopping mall, transit, QEW access. Clean move in condition, fully finished basement. Many upgraded features. Estate sale. Include probate clause, deposit is bank draft or EFT, 36 hours irrevocable on offers, must be seen! (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.