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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..
#159 -2001 Bonnymede Dr
Mississauga, Ontario
Welcome to your new home in the highly coveted Clarkson neighborhood! This 2-story condo boasts 3 bedrooms and 2 bathrooms, offering ample space for comfortable living. Ideal for investors or first-time homebuyers, this unit presents an opportunity to customize and make it your own. Enjoy the convenience of on-site amenities including a pool, gym, and meeting room. Don't miss out on the chance to reside in this desirable community with endless possibilities! (id:51158)
#205 -5010 Corporate Dr
Burlington, Ontario
Discover modern condo living in this 1-bed, 1-bath unit in upscale Burlington. Enjoy open-concept living, a sleek galley kitchen with a breakfast bar and stainless steel appliances, a spacious bedroom with a walk-in closet, in-suite laundry, a large storage locker and underground parking. Prime location near highways, dining, shopping, parks, schools and GO Transit. Building amenities include gym, party room, visitor parking, and rooftop patio with a barbeque. Kitchen appliances are from 2022, washer and dryer are from 2019, the condo fees cover heating, cooling and water. Don't miss out - schedule your showing today! (id:51158)
#10 -495 Walkers Line
Burlington, Ontario
""Embark on a flavorful journey! Our beloved shawarma business is ripe for new ownership. Nestled in the heart of Burlington, this culinary gem has delighted patrons with its mouthwatering offerings and warm ambiance. With a loyal customer base and a reputation for excellence, this turnkey opportunity is perfect for anyone passionate about food and eager to step into entrepreneurship. Don't miss out on the chance to spice up your life and be part of something truly special. Inquire today and savor the taste of success!"" Great Opportunity to own well established independently owned, Turn Key Business $$$ A Great opportunity, In A fantastic Location. quick service halal restaurant in a very busy plaza. Prime location in Burlington with heavy traffic, high density, close to major highways. Great loyal, repeat customers and great menu profitable from day one.Well Established Restaurant Business, Own A Profitable Turn-Key Business, All Chattels & Equipment Included dual independent exhaust hoods. Book your showing Today! **** EXTRAS **** Equipment Included.Own a turnkey solution (independently owned) high margin opportunity and earn yearly 100K+ net. Opportunity for new locations and business expansion. All financials data is available to review / due deligence (id:51158)
3590 Dufferin St
Toronto, Ontario
Dang Pho - Mini Mart Convenience Store, well established convenience store layered with a simple & savoury Vietnamese take-out menu. Well situated tocapitalize on the area's busy lifestyle through local foot traffic & delivery platforms. Profitable with high margins, good customer base, wide selectionproducts yet maintaining a simple menu with lottery & tobacco sales add to revenue stream. Opportunity for expansion or diversification. **** EXTRAS **** Low monthly rent of approximately $2700 inclusive of TMI. Tenant responsible for hydro & gas. (id:51158)
#2d-10 -7215 Goreway Dr
Mississauga, Ontario
LOCATION!!! A vibrant and well-established hair salon, perfectly poised for a new owner to step in and continue its legacy of excellence. Located in a busy area of Westwood Mall with high foot traffic, this salon boasts a loyal clientele and a reputation for exceptional service. The inviting interior features modern decor and state-of-the-art equipment, creating a welcoming atmosphere for clients and stylists alike. With a talented team of experienced professionals, the salon offers a full range of services, including cutting, styling, coloring, and treatments. Great turnkey opportunity for a savvy entrepreneur to take the helm and capitalize on the salon's solid foundation. (id:51158)
#614 -15 Albright Rd
Hamilton, Ontario
You'll be pleasantly surprised if you haven't been in this building for a while. Professionally renovated 18 months ago, Nicely renovated kitchen with quartz counters, open concept layout, plenty of cabinetry storage, island counter-breakfast bar. Great unobstructed views from large balcony. All new plumbing, flooring and light fixtures. Photos are from a year and half ago when condo was renovated. Currently tenanted but very accommodating for showings and unit will be cleaned up prior to possession. Close to Red Hill Parkway for either Toronto or Niagara directions, and transit ideal for commuters, schools, shopping, Sir Wilfred Laurier Recreation Center. Building amenities: in-ground pool, exercise room, party room, playground, visitor parking. Maintenance includes heat & water, parking, common elements. Perfect for first time home buyer. (id:51158)
##4 -5661 Steeles Ave E
Toronto, Ontario
Excellent Opportunity To Own A Established Food Court Business In A Volume Supermarket Located In The Busy Area And Close To The Primary Traffic, Provide Many Sitting Places In The Open Area, Lots Of Online Orders And Lots Of Parkings Easy For Drivers To Pick Up. Fully Equiped Kitchen With Walk-In Cooler. **** EXTRAS **** Rent $4265/ Monthly ( Include Tmi , Hst), Lease Term Till Dec 14th, 2026 With 5 Years Renewable. (id:51158)
#1201 -15 Sewells Rd
Toronto, Ontario
Rare **2 Underground Parking Spots** Absolutely Spacious And Updated Unit Featuring 2 Bedroom 1 Bath. Totally Renovated Open Concept Kitchen, Extended White Cabinetry, Backsplash And Opening To Dining/Living Rm Areas. Generously Sized Bedrooms. Renovated 4 Pc Bath, Lots Of Storage Closets, Newer Tile & Laminate Flrs T/O (No Carpet), Amazing Views From All Rooms & Balcony. Great Location - Walk To Mall, Fitness, 24 Hrs Bus Service, Library, Parks & Schools, Minutes To Hwy 401. Well Kept Building With Central Ac & Security System. 2 Underground Parking spots + 1 Locker! **Maintenance Fees Include all Utilities (Hydro, Water, Gas, Cable)** **** EXTRAS **** Walking Distance To All Amenities Such As Malls, Schools, Public Transit, Parks and Highway! Building Amenities Feature Exercise Room, Party room, Visitor parking and Security System! (id:51158)
#2209 -3700 Kaneff Cres
Mississauga, Ontario
Welcome to 3700 Kaneff Crescent, Unit 2209, nestled in the heart of Mississauga's highly desirable location! This spacious and elegant 1-bedroom plus den, 1-bathroom condominium presents a versatile layout suitable for a small family or a couple. The den offers flexibility to serve as a home office, workout space, or a cozy nursery for a little one. Tastefully upgraded and impeccably maintained, this unit is move-in ready, boasting newer appliances and tasteful laminate flooring throughout.Residents enjoy the convenience of 24-hour concierge service, a fully-equipped gym, an inviting indoor pool, and a stylish party room for entertaining guests. Located just a stone's throw away from Square One, this property offers easy access to a plethora of amenities, making it an ideal choice for urban living at its finest. Plus, it's just steps away from the future LRT, enhancing connectivity and accessibility for residents. (id:51158)
158 Front Street E
Toronto, Ontario
Parking Spot Available For Purchase to Unit Owners at 158 Front St E. Parking is Located on P1 Close to the Elevator (id:51158)
#1715 -710 Humberwood Blvd
Toronto, Ontario
Step Inside This Fantastic 1-Bedroom, 1-Bathroom Residence In Tridel's Mansions Of Humberwood! Featuring An Inviting Open-Concept Layout, Abundant Natural Light, And Scenic Views Of The Greenbelt Conservation And Humber River. Conveniently Located Near Schools, Shopping, Public Transit, Hospitals, And The Lively Woodbine Racetrack. Whether You're A First-Time Buyer Or An Investor, This Property Offers A Great Opportunity. (id:51158)
#1416 -430 Mclevin Ave
Toronto, Ontario
BEAUTIFUL ONE BEDROOM PLUS DEN LAMINATE FLOORS THRU-OUT WALK-IN CLOSET ENSUITE LAUNDRY ROOM NORTH WEST VIEW DEN CAN BE USED AS SECOND BEDROOM IT OVERLOOKS A PARK CLOSE TO SHOPPING SCHOOLS PLACES OF WORSHIP MEDICAL CENTRES COMMUNITY CENTRE 401 STC BUS AT DOORSTEP NEWLY RENOVATED RECREATION AND GYM FACILITIES 2 PARKINGS SPOTS CAN GENERATE EXTRA INCOME FROM RENTAL 24 HOURS GATE HOUSE SECURITY ...MAYFAIR ON THE GREEN EXCELLENT BUILDING ... **** EXTRAS **** STAINLESS STEEL FRIDGE STOVE B/I DISHWASHER ...WHITE STACKED WASHER AND DRYER (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.