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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..
330 - 25 Bamburgh Circle
Toronto, Ontario
Tridel Built Condo, 1 Bedroom plus a Sunroom, 933Sf As Per MPAC. Great Layout, Very Convenient Location, and Good School Area! Bright & Spacious, En-Suite Laundry. Updated Bathroom, Freshly Re-Painted, New Lights. Walks To Foody Market And T&T Supermarket, Steps To Ttc Stop, Schools, Restaurants, Shops, Library, Park, Hwy 404, And More! Fabulous Recreation Facilities: 24-Hour Security Gate House, Outdoor & Indoor Swimming Pool, Exercise Room, Etc. Please Note Virtual Staging For Illustration Purpose Only! **** EXTRAS **** All Existing Electric Light Fixtures & Window Coverings. Fridge, Stove, Exhaust Fan, B/I Dishwasher, En-Suite Laundry, Washer & Dryer. ALL SOLD \"AS IS\" CONDITION. Please Note Virtual Staging For Illustration Purpose Only! (id:51158)
205 - 3390 Weston Road
Toronto, Ontario
Located on 2nd level, 2 Bedroom, Two Storey Spacious Condo, Excellent Location, Large Open Balcony, Close To Schools , TTC, Parks, Shopping And Major Highways. One Of Two Storeys On Sale. LRT Is Coming Soon. Indoor Swimming Pool, Sauna, Exercise Room, Party Room, Visitor Parking, Front Lobby Recently Renovated. Worth Seeing. Century Gardens Building Name. The 2 Bedrooms are located on the 2nd Level, & the Kitchen, Dining Room & Living Room are located on the Main Level. Diamond in the rough, needs TLC. Space below the stairways can be used as huge storage. (id:51158)
415 - 90 Glen Everest Road
Toronto, Ontario
*Free maintenance for a year or equivalent cash on closing* Explore this exquisite 1 bed +den unit facing south in the Birchcliffe/Cliffside area, and close to the Scarborough Bluffs, offering an ideal WFH space. Positioned in a non-rent controlled building w high rentability, this unit features an open-concept layout, wood flooring, living room/dining room with w/o balcony. Kitchen is equipped w stainless steel appliances, integrated fridge & dishwasher, & a sleek glass backsplash. Convenience is elevated with an ensuite front-loading washer/dryer. The separate den serves as a perfect home office space. Stroll to the Bluffs, Lake Ontario, green spaces, Kingston Rd shops, restaurants, and public transit. Its proximity to downtown further heightens its appeal. Welcome to a residence that seamlessly blends style, functionality, and convenience whether you're a first-time buyer or an investor seeking a prime property, this unit is crafted to enhance both living and working experiences. **** EXTRAS **** Embark on an unparalleled living experience, with exceptional amenities incl media room, party room, concierge services, dog wash, gym, and a rooftop terrace that offers breathtaking panoramic views of the downtown core and the lake. (id:51158)
912 - 360 Ridelle Avenue
Toronto, Ontario
BRIGHT, RENOVATED, and SPACIOUS 1 bedroom apartment in midtown Toronto! Only minutes from 401 and two subway stations. Several nearby parks & trails, grocery stores, shopping and restaurants. Renovated kitchen with quartz countertop, tile backsplash, and NEW stainless steel appliances. Renovated washroom and new flooring. LARGE balcony with unobstructed GORGEOUS VIEWS of the East side. well-maintained building with security cameras. Amenities include indoor pool, sauna, gym, library, off-leash dog park, BBQ area, laundry and visitor parking. **** EXTRAS **** Maintenance fee includes heat, hydro, water and cable. Locker and parking included. (id:51158)
209 - 4640 Kimbermount Avenue S
Mississauga, Ontario
Large, bright south facing 1 bedroom, 1.5 bath unit which has been freshly painted throughout boasting laminate and ceramic flooring. Fabulous senior living at its best in this 65+ age restricted building located across from Erin Mills Town Centre, close to Credit Valley hospital and major highways. Fantastic Primary bedroom with 2 closets, ensuite laundry, 3 piece bath with seated shower, built in medicine cabinet with lock. Relax and enjoy the indoor pool. **** EXTRAS **** Fridge, Stove, Washer, Dryer, Built In Dishwasher, All Light Fixtures, All Window Coverings, One Parking Space, One Locker (id:51158)
308 - 450 Dundas Street E
Hamilton, Ontario
Beautifully designed 1 Bed, 1 Bath (approx 531 SQ.FT. with a spacious Balcony). The unit is in Trend Condos by New Horizon Homes. This condo unit has tons of natural light which goes well with the open concept Kitchen completed with Rich white cabinets and light upgraded flooring in Kitchen, Great-room and Bedroom. Kitchen includes all stainless steel appliances and an attached breakfast bar. The Roomy bedroom includes a spacious window and large walk-in closet. Bathroom is 4 piece. The unit includes in-suite laundry. The amenities include Fitness centre, Rooftop Patio, Bike Storage, Party Room. Located in Sought-after Waterdown Neighbourhood, surrounded by excellent dining options, shopping, schools, and parks. The unit also comes with 1 Parking spot and 1 Locker. (id:51158)
304 - 3390 Weston Road
Toronto, Ontario
Unit has an upgraded kitchen and bathrooms, newer laminate flooring throughout. Building has a fully equipped gym, an indoor pool and sauna. Sold Under Power Of Sale Therefore As Is/Where Is Without Any Warranties From The Seller. Buyers To Verify And Satisfy Themselves Re: All Information. **** EXTRAS **** n/a (id:51158)
1006 - 50 Lotherton Pathway
Toronto, Ontario
Large open concept 3 bedroom 1 bathroom in fantastic location. Close to Lawrence west station. Ensuite laundry, all utilities included in the maintenance fees. Great opportunity for 1st time home buyers or investors. (id:51158)
6202 - 14 York Street
Toronto, Ontario
Welcome to ICE Condos II. This must-see unit in the sky is a perfect reflection of the great opportunities that today's market has to offer young investors. Nestled in an area high with tourism and corporate offices, you are, minutes from the CN Tower, Scotia Bank Arena, Union Station, Ripleys Aquarium, REC Room, Restaurants, and other highly visited amenities and sites. The unit is ready to move in. 9 ft ceilings and floor-to-ceiling windows allow for ample natural light to shine throughout the day. Enjoy unobstructed east views of both the city's booming towers and views of the lake. Seize this opportunity today and thank yourself in the future. (id:51158)
G16 - 163 Dan Leckie Way
Toronto, Ontario
Rare Find Fully Furnished 2 Storey Townhouse With 4 Bedrm. + Office + 3 Bathrms + Parking + Corner Unit In Famous Cityplace Parade '2' Condo Townhouse . 24 Hours Concierge, W/Hi Speed Internet. Distance O Ttc, 4 Major Banks. 8.5 Acs Canoe Landing Park, Sobeys Supermarket, Rogers Centre, Cn Tower & All Urban Convenience, Minuties To Qew & Dvp, Superb Recreational Facilities, Indoor Pool, Gym Baskeball & Upscale Party Room Etc.Available For Daily /Weekly And Monthly Term Msg Agent To Inquire. ** Comes Fully Furnished ** **** EXTRAS **** Fridge, Stove, Dishwasher, Microwave, Washer, Dryer, Elfs, Quality Window Coverings. **1 Parking Included * (id:51158)
827 - 36 Lisgar Street
Toronto, Ontario
Located In The Trendy Queen West Neighbourhood .This Bright And Open Concept 1 Bedroom Condo With Parking, In Sought After Neighborhood. It short Walk To Liberty Village! Steps To Transit, Restaurants, Bars, And Shops. Modern & Stylish Kitchen With Granite Counter Top, Ceramic Backsplash, Stainless Steel Appliances. Wood Floors. Ideal Home For End User Or A Great Investment Opportunity. Ensuite laundry .1 Parking Included. Lockbox in West Tower Mailbox Room, Easy Showing! **** EXTRAS **** Steps To The Drake/Gladstone, Liberty Village, Lisgar and Trinity Bellwoods Park ! Groceries, Streetcar Right Outside Your Door (id:51158)
1508 - 150 East Liberty Street
Toronto, Ontario
Bright studio right in the heart of Liberty Village, with high 9 foot ceiling and direct unobstructed south facing lake view enjoyed from unit and large balcony. Great building facilities, including 24 hour concierge, gym and bike room. Surrounded with tons of neighborhood amenities, including shops, restaurants, 24 HR grocery store, TTC, walking distance to downtown and the lake (walking/cycling/running trail). Enjoy everything the area has to offer and summer fun: CNE, BMO Field, concerts and waterfront festivities.Full size stainless steel appliances and laminate flooring in main areas, ceramic tiles in laundry room and bathroom. **** EXTRAS **** 2023 Taxes - $1479.13 (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.