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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..
#606 -59 Annie Craig Dr
Toronto, Ontario
Luxury Waterfront Condo With Lake-View!! Facing South West, Contemporary Kitchen W/Center Island, Granite Countertop And Stainless Steel Appliances, Bright And Spacious Layout, 9' Ceilings, Floor-To-Ceiling Windows, Laminate Floors, Large Balcony Great Building Amenities: Concierge, Exercise Room, Guest Suites, Party/ Meeting Room, Visitor Parking, Steps To Supermarket, Restaurants, Shops, Lake & Humber Bay Park/Trail, QEW & Easy Access To Downtown. **** EXTRAS **** S/S Fridge, S/S Stove, B/I Dishwasher, B/I Microwave With Hood Fan, Stacked Washer & Dryer. 1 Parking & 1 Locker! 5 Star Amenities: Indoor Pool, Hot Tub, Party/Meeting Room, Gym, Sauna, Roof Top Terrace And Much More. (id:51158)
#603 -280 Donlands Ave
Toronto, Ontario
Sunny NE corner unit. Just under 700sf of living space, tons of natural light and, unobstructed skyline views, and magical sunrises. Open balcony, spacious and functional 1+den layout. Rooftop terrace, bbq/lounge area, close to Danforth, Restaurants, schools, hospital, parks, 2 TTC routes and easy DVP access. Great for young professionals and first time buyers. A must see. **** EXTRAS **** Parking Rental Can Be Assumed (id:51158)
1420 Dupont Street Unit# 1209
Toronto, Ontario
Fantastic opportunity to own a 1 Bed, 1 Bath Condo + 1 Owned Parking Space! This inviting condo offers convenience and comfort in the Junction Triangle! Including 1 owned extra-wide underground parking space conveniently located next to elevators plus tons of visitor parking. Enjoy the open layout featuring an eat-in kitchen with granite counters and stainless steel appliances (fridge 2023). Unwind on your private balcony with serene views and no neighbouring balconies in sight. In-suite laundry adds convenience to urban living. This unit has been freshly painted and is completely move-in ready. Enjoy the amazing building amenities: Theatre room, Gym, Yoga studio, Billiards room, bike storage, library/lounge, secured entrance with concierge/security, Events rooms, large terrace green space with seating and walking path, and more! Fuse Condos are also connected to Shoppers Drugmart and a grocery store, all essentials are just steps away. Experience a sense of community in the Junction Triangle neighbourhood. Enjoy nearby local shops, restaurants, cafes, and bars such as Mattachioni, Gus Tacos, and North of Brooklyn Pizza - to name a few! Literally steps to the TTC and a short walk to Lansdowne Station, UP Express, and Go Train access. Don't miss out on this opportunity – schedule your viewing today! Easy to show! (id:51158)
198 Province St N
Hamilton, Ontario
This home needs a little bit of love! Located in a great family neighbourhood with a deep lot there is opportunity to add lots of value here! Great for investors or handy first time buyers. The roof was redone in 2021. This property is being sold ""as is"". (id:51158)
#1704 -2545 Erin Centre Blvd
Mississauga, Ontario
Condo Unit Located in Central Erin Mills, Walking Distance to John Fraser SS and St. Aloysius Gonzaga SS Across From Erin Mills Town Centre Community Centre Library Hwy 403 Closeby Extensive Renovation Was Done Few Years Ago Including Kitchen Bathroom & Standing Shower Closet Appliances Open Balcony Great View South East Exposure One Parking & One Locker are Included. **** EXTRAS **** All Appliances were bought in 2020, Fridge, Stove, Washer & Dryer, Hood Fan, All Existing Light Fixtures, All Existing Window Coverings. *Gas, Hydro & Water are included in the Condo Fee. (id:51158)
#603 -4 Park Vista
Toronto, Ontario
Beautiful and unique 750 sqft condo with a Ravine View, in the Upper Beaches. Park Vista is the Hidden Gem of the East, directly facing Taylor Creek Park, offering a mix of convenient apartment living, while also granting access to beautiful trails and green space. The unit includes: ensuite laundry, a large bedroom with a walk-in closet, and direct access to washroom. The most unique feature: an office surrounded by glass, and full of sunlight. Walking distance to 2 subway stations, restaurants, entertainment and shopping. Great selection of condo amenities including a gym, sauna, and hot tub. (id:51158)
#812 -75 Queens Wharf Rd
Toronto, Ontario
Experience Urban Living at Its Finest In This Exquisite 1-Bedroom Condo Nestled in the Heart of Downtown Toronto. Boasting Modern Elegance and Unparalleled Convenience, This Property Offers a Luxurious Retreat Amidst the Vibrant Cityscape With Stunning Views, Contemporary Amenities, and Proximity to Top Attractions, Seize the Opportunity to Own Your Slice of Toronto's Cosmopolitan Lifestyle. Don't Miss Out on This Opportunity. 572 sq ft Unit Plus 110 sq ft Balcony (id:51158)
#505 -2323 Confederation Pkwy
Mississauga, Ontario
Welcome to 2323 Confederation Parkway! This updated and bright condo is move in ready and feels very spacious with 1062 sq ft of livable space. You will be amazed at the sizeable front entry, combined living and dining room, two large bedrooms, and very generous closet space...value that is hard to find at this price level! Updates include new vinyl flooring throughout and modernized bathrooms. A fully enclosed balcony feels like an added bonus and can be used as an additional seating area, playroom, or even more storage space. This condo unit includes 1 parking spot and 2 good-sized lockers (one on the same floor and one in the basement). Condo fees include all utilities! Only a quick drive to the popular Port Credit area, where you will be able to enjoy everything this area offers...numerous cafes, restaurants, waterfront trails, parks, and marinas. Conveniently located close to Trillium Hospital (site of the much anticipated new Mississauga Hospital), the Port Credit GO, and the QEW. **** EXTRAS **** 1 parking and 2 lockers (one on 5th floor & one in basement). Amenities include party and games room with kitchen, bike storage room, wood working room, gym w/ cardio equipment & weights, yoga & pilates room, etc. Coin laundry in basement. (id:51158)
#1209 -1420 Dupont St
Toronto, Ontario
Fantastic opportunity to own a 1 Bed, 1 Bath Condo + 1 Owned Parking Space! This inviting condo offers convenience and comfort in the Junction Triangle! Including 1 owned extra-wide underground parking space conveniently located next to elevators plus tons of visitor parking. Enjoy the open layout featuring an eat-in kitchen with granite counters and stainless steel appliances (fridge 2023). Unwind on your private balcony with serene views and no neighbouring balconies in sight. In-suite laundry adds convenience to urban living. This unit has been freshly painted and is completely move-in ready. Enjoy the amazing building amenities: Theatre room, Gym, Yoga studio, Billiards room, bike storage, library/lounge, secured entrance with concierge/security, Events rooms, large terrace green space with seating and walking path, and more! Fuse Condos are also connected to Shoppers Drugmart and a grocery store, all essentials are just steps away. Experience a sense of community in the Junction Triangle neighbourhood. Enjoy nearby local shops, restaurants, cafes, and bars such as Mattachioni, Gus Tacos, and North of Brooklyn Pizza - to name a few! Literally steps to the TTC and a short walk to Lansdowne Station, UP Express, and Go Train access. Don't miss out on this opportunity schedule your viewing today! Easy to show! **** EXTRAS **** Concierge/Security Guard, Smoke Detector(s) (id:51158)
#1812 -100 Leeward Glwy
Toronto, Ontario
Welcome to This Well Maintained Move-In Ready Suite. Features an Open Concept Floor Plan, Laminate and Ceramic Flooring Throughout, Large Windows, Gourmet Custom Kitchen with Quartz Counter tops and Backsplash, Stainless Steel Appliances, Conveniently Located to All Amenities, Mins To Schools, Parks, Library, Worship Places, Shopping, Ontario Science Centre, Minutes To DVP, HWY 401. Onsite Daycare Available! Excellent Amenities Include Swimming Pool, Exercise Room, Billiard, Sauna. Low Maintenance fee Covers All the Utilities, Cable, and Much More! **** EXTRAS **** Fridge, Stove, All Window Covering, All Electrical Light Fixtures, (id:51158)
#1111 -30 Harrison Garden Blvd
Toronto, Ontario
Welcome to 30 Harrison Garden Blvd #1111, where urban living meets contemporary elegance. This well maintained 1 Bed - 1 Bath unit boasts a seamless open floor plan flooded with natural light, creating an inviting ambiance perfect for entertaining. The living space features a convenient walkout to the balcony, offering east views. The kitchen is equipped with appliances, a stylish backsplash and a center island that doubles as a breakfast bar. The primary suite features floor-to-ceiling windows and ample closet space for all your storage needs. Residents of the Spectrum Condos can enjoy an array of five-star amenities, including a 24-hour concierge, gym, sauna, party room, guest suites and a BBQ area. With easy access to the subway, bus routes, and major highways such as the DVP, 401, 404, and 427, commuting and exploring the city is a breeze! **** EXTRAS **** Listing contains virtually staged photos. 24 hours notice for showings. (id:51158)
#1201 -197 Yonge St
Toronto, Ontario
Welcome to the renowned Massey Tower, a combination of historic & modern luxurious design building located in the heart of the City! Bright & spacious, open concept layout, stunning 1 bedroom sun filled suite, modern kitchen, 9 ft ceiling, steps To Queen Subway Station, Eaton Centre, Dundas Square, U Of Ryerson, entertainment, shopping & more! Building amenities include party/meeting room, gym, outdoor patio, lounge, guest suites, roof garden, concierge! Perfect home for young professionals! (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.