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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..
LOADING
5 Martha St
Hamilton, Ontario
Perfect for First-Time Buyer or Renovator's Dream! Nestled on the charming east side of Hamilton, a quaint fixer-upper home awaits your TLC. Transform your dreams into reality. There is nothing like this property in this well-established area! Want to get into a home for the same or less money that it costs to rent? Don't miss out on the value this home has to offer! This home, unlike many has a great fenced backyard to enjoy the summer months with friends and neighbors. Don't miss the chance to turn this fixer-upper into the perfect home - a place where memories are made, dreams take root, and a bright future unfolds.**** EXTRAS **** All of the repairs are cosmetic and can be completed quickly. The home is being sold as is where is but delivers a lot of opportunity. (id:51158)
#20 -2899 Steeles Ave W
Toronto, Ontario
Exceptional opportunity ,Turn Key Business ,Unlock the potential of Toronto's construction boom with this exceptional stone business for sale. Established reputation, prime location, and high-quality inventory of Marble, Onyx, Quartz, ready for new ownership. Take advantage of this chance to become a vital part of the city's booming construction sector. hurry up won't last. current Gross monthly rent $3400**** EXTRAS **** Equipment and Inventory are included (id:51158)
#428 -1571 Sandhurst Circ
Toronto, Ontario
Well established food court business inside Woodside Square Mall with abundant of inside seats and outside free parking spot; Surrounded By High Rise Condos, Schools & Townhouses; a thriving hub with anchor tenants that draw crowds day in and day out. From banks and LCBO to Shoppers Drug Mart, Food Basics, and the ever-popular Tim Hortons; Bringing your own menu or take over current food concept ; Perfect For Families Or New Immigrants.**** EXTRAS **** Listed Chattels & Equipment Are Incl. Water Heater Rental $36.27/Mth. Storage Rental $100/Mth + Hst. Unit Rental $4092.48/Mth (Incl. Tmi) + Hst. 2.5 Years Lease Remaining + 5 Years Option To Renew. (id:51158)
#83 -384 Yonge St
Toronto, Ontario
Immediate Turn Key Investment opportunity with amazing tenant in place in prime location in Aura Concourse Shopping mall that has direct access to College Park subway and renown 80 Storey luxury residential condo building (985 suites!). Retail anchors include, Ikea, Marshalls & Homesense, Major Banks, retail stores with high pedestrian traffic. Close to Universities, hospitals, offices.**** EXTRAS **** Current tenant is tech repair and cyber + home solutions. Unit has a water supply connection if needed. Wide range of retail store related uses. Great investment opportunity. (id:51158)
#827 -36 Lisgar St
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 St
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)
#501 -199 Bay St
Toronto, Ontario
Welcome to unit 501 of the 199 Bay St Food Court, located in the financial district of downtown Toronto. Thanks to the excellent geographical location, Charcoal Biryani brings stable customer flow and considerable income. As a unique corner within the Commercial Court Food Court, it displays impressive catering potential within a short period of five working days each week. Providing a comfortable dining environment and a variety of food choices. The business operates smoothly, ensuring stable income and cash flow. High profits and short return period. (id:51158)
#406 -1315 Lawrence Ave E
Toronto, Ontario
Why work for someone else? Become your own boss! Or take it as passive income! Well-established tufting studio with absentee owner! Simple and profitable! Only 2 part time staff can run the space! low labor cost. A lot of repeat customers. Only open 4 days a week! the rent is very reasonable. Owner goes to the store once a week! Price incl. all inventory around $60k and equipment and tools around $30k all included.! Get the profitable business for free!**** EXTRAS **** Incl. website, social media accounts, phone etc. (id:51158)
51 Francis Street
Hamilton, Ontario
This Beautifully Renovated Three-Bedroom Family Residence is ideal for First Time Home Buyer or Investor is situated on an expansive 100' deep lot. The open-concept main floor showcases a living room with wide-plank vinyl flooring, smooth ceilings, Pot lights, and a Bay window. Kitchen with Quartz Counters, Breakfast Bar, Backsplash, Stainless Steel Appliances in Kitchen, and easy access to the Beautiful Deck, Main Floor powder room with Quartz Counter and Upgraded Vanity, On the upper level you'll find three Spacious Bedrooms with Laminate flooring a 3 piece Bathroom, Smooth Ceiling and linen closet. Lots Of Storage In The Unfinished Basement awaits your personal touches! The property offers 2 parking spots with alleyway access, New Windows in the whole house. (id:51158)
51 Francis St
Hamilton, Ontario
This Beautifully Renovated Three-Bedroom Family Residence Ideal for First Time Home Buyer or Investor is situated on an expansive 100' deep lot. The open-concept main floor showcases a living room with wide-plank vinyl flooring, smooth ceilings, Pot lights, and a Bay window. Kitchen with Quartz Counters, Breakfast Bar, Backsplash, Stainless Steel Appliances in Kitchen, and easy access to the Beautiful Deck, Main Floor powder room with Quartz Counter and Upgraded Vanity, On the upper level you'll find three Spacious Bedrooms with Laminate flooring a 3 piece Bathroom, Smooth Ceiling and linen closet. Lots Of Storage In The Unfinished Basement awaits your personal touches! The property offers 2 parking spots with alleyway access, New Windows in the whole house.**** EXTRAS **** New Windows, Stainless Steel Appliances in Kitchen, Fresh Paint, 2 Private Parking Spots. (id:51158)
236 Douglas Dr
Toronto, Ontario
Welcome to 236 Douglas Dr, a harmonious blend of classic allure and modern luxury in Toronto's prime area. Fully updated, this home features a main floor with formal and informal living rooms, an oversized kitchen with dining space, and a powder room. Delight in a lower-level movie theater, gym, and kids' playroom. The second floor hosts the primary bedroom with ensuite, walk-in closet, two more bedrooms, and a washroom. The third floor adds two bedrooms and another bath. Dual laundry setups on two levels and a majestic family room with a cathedral ceiling and fireplace enhance this move-in-ready gem.**** EXTRAS **** Experience the best of luxury living in Toronto's Rosedale-More Park neighborhood - a perfect balance of historic charm, green spaces, and modern amenities. (id:51158)
#2808 -150 East Liberty St
Toronto, Ontario
Welcome To This Beautiful Bachelor At Liberty Place! This South Facing Unit Features A Spacious & Functional Layout W/ 9 Ft Ceilings, Open Concept Kitchen W/ Stainless Steel Appliances & White Cabinetry, Laminate Flooring Throughout & An Impressively Large Balcony W/ Lake Views. This Unit Is Great As A Pied A Terre, For Investors Or Even A First-Time Home Buyer Looking To Get Into The Market & Keep Things Simple. Fantastic Amenities In The Building That You Will Love Include Concierge, Gym, Yoga Studio, Saunas, Internet Lounge, Guest Suites, Games Room, Party Room & Terrace/BBQ Area! Conveniently Located In Liberty Village W/ Easy Access To Ttc, GO Transit, Gardiner Expressway, King West, Queen West, Waterfront, Etc. Steps To Grocery, Shops, Restaurants, Parks, Lake, Biking/Running Trails, Coffee Shops, Everyday Conveniences, BMO Field, Enercare Centre, Beanfield Centre & More!**** EXTRAS **** Stainless Steel Fridge, Stove, Microwave/Hood Fan, Dishwasher, Washer/Dryer, Elfs, Window Coverings. (id:51158)
#805 -36 Lee Centre Dr
Toronto, Ontario
Stylish 1 Bedroom 1 Baths Unit at the end of hallway. Open Concept Kitchen, Laminate Floors, East Views. Ideal for First-Time Buyers or Investors. Convenient Location near Scarborough Town Centre, TTC, 401,Grocery Stores & Schools. Fantastic Amenities: 24hr Concierge, Rooftop Patio, Swimming Pool, Sauna, Gym, Party Room, Guest Suites, Table Tennis, Pool Table Room. Newly purchased SS Dishwasher, Stove. Refrigerator, Washer/Dryer, Window Coverings, And Elfs. One corner underground parking included, extra easy parking.**** EXTRAS **** Possession date 60 days or TBD.*For Additional Property Details Click The Brochure Icon Below* (id:51158)
#203 -71 Jonesville Cres
Toronto, Ontario
Live like the Jones in 71 Jonesville ~ This Beautiful 1-bedroom co-ownership spans 735 sq ft, offers quick access to Eglinton Square Shopping mall approximately a 15-minute walk away & 1 bus to subway station. The apartment has a gourmet equipped kitchen area, outfitted with a full appliance package, a Full 4-pc spa-inspired bath with soaker tub, stone counters/undermount sink & dual flush toilet, Sleep peacefully in your principal-sized bedroom with ample closet space, Large Living/Dining area perfect for entertaining, the L-shaped open Den is currently being used as Dining room steps out onto large south facing open balcony with treetop views. Caffeinate your day at Tims only a few blocks away, other eateries are: WingBurger, Viet Thai Kitchen and Manchu Wok, some restaurant options. Get back to nature and take a stroll through the many parks: Sherwood Park, Charles Sauriol Conservation Area or Taylor Creek Park are all steps away. Be Glee, Sip Tea & See the Trees @ suite #203.**** EXTRAS **** This Is A Co-Ownership, Buyers must Qualify At 80 % Loan Value. 2 Mortgagors are Duca, 1-888--441-9282, And Luminus Financial 416-366-5534 to qualify. (id:51158)
#601 -81 Charlton Ave E
Hamilton, Ontario
Introducing this charming 2-bed, 1-bath unit nestled in the heart of downtown Hamilton, offering the convenience of location, with a touch of warmth and character. This inviting abode features all the comforts you desire, from a spacious living area, to a cozy kitchen area perfect for culinary adventures, and a balcony that provides stunning views. Enjoy the convenience of a dedicated parking spot, ensuring hassle-free city living. With vibrant shops, restaurants, and cultural attractions just steps away, don't miss the opportunity to make downtown living your reality!**** EXTRAS **** Brand new elevator in the building (id:51158)
#4-5 -3121 Appleby Line
Burlington, Ontario
Beautifully Built Out Licensed Pizza Franchise In North Burlington's Fastest Growing Community! This 1980 Sq Ft End-Cap Unit has Large Frontage & Visibility! Plenty of Parking In This Plaza With Major Anchors & Residential Surrounding The Area! This Store Is A New Build! There Is An Opportunity To Rebrand This Store If Seller Approves! Please Do Not Go Direct & Speak With Staff!**** EXTRAS **** * Net Rent = $5445.00 * TMI = $1980.00 * 5 Years Remaining + 2 x 5 Year Options To Renew * Seating Area * Open Kitchen * Back Prep Area * Walk In Fridge & Freezer * Please Do Not Go Direct & Speak To Staff * (id:51158)
4449 Milburough Line, Unit #9 Cedar
Burlington, Ontario
Discover the perfect synergy between modern living and natural beauty in this 2-bedroom, 1-bathroom modular home. The home features two comfortable bedrooms, each offering a peaceful haven to rest and recharge. Large windows frame breathtaking views of the encompassing forest. The kitchen features modern appliances and ample storage, making meal preparation a breeze. The bathroom is elegantly appointed and offers a tranquil retreat for self-care. Picturesque forest backdrop, front covered porch, rear deck, interlock patio, and contemporary design, this home invites you to experience a lifestyle where the boundaries between indoor and outdoor living blur, allowing you to truly unwind and reconnect with the serenity of the natural world. (id:51158)
228 Main Street E Unit# 11
Milton, Ontario
Excellent Franchised Wings Up Business in Milton, ON is For Sale. Located At the Busy Intersection of Main St E/Ontario St S. Surrounded by Fully Residential Neighborhood, Close To Schools, Major Big Box Stores, Great business with Good Sales Volume, Long Lease and more. Weekly Sales: Approx. $14,000 - 16,000, Food Cost: Approx. 32-35%, Labor Cost: Approx. 22-25%, Rent: $7415/m including TMI & HST, Lease: Existing + 5 years plus option to renew, Utility: Approx. $1200-1500/m, Royalty: 4.5%. Advertising: 3%, Store Area: Approx. 2500sqft. (id:51158)
#1 -265 Ironside Rd
Oakville, Ontario
YOUR BUSINESS WILL BENEFIT FROM THE FANTASTIC EXPOSURE PROVIDED BY THIS NEW CORNER UNIT. THIS IS A FAST-GROWING SPA LOCATED IN THE NORTH PRESERVE NEAR SCHOOLS, PARKS, AND A WIDE RANGE OF AMENITIES. YOU HAVE THE OPPORTUNITY TO TAKE OVER THE RUNNING BUSINESS. THERE ARE A NUMBER OF SERVICES WE OFFER, INCLUDING NAIL SPAS, MASSAGES, MOROCCAN BATHS, FACIAL TREATMENTS, EYELASHES, AND MUCH MORE. THIS IS A GREAT BUSINESS OPPORTUNITY THAT YOU DON'T WANT TO MISS. APPROXIMATELY $60,000-$70,000 IN SALES, THERE ARE LEASE OPTIONS AVAILABLE FOR 1-5 YEARS WITH OPTION OF RENEWAL FOR OTHER 5 YEARS. WE ARE INCLUDING ALL CHATTELS IN OUR SALE PRICE. AVOID GOING DIRECT. (id:51158)
2340 King St E
Hamilton, Ontario
Great Opportunity to run your own Non Franchise Business. Family Operated with good Sale. Rent $2400 includes TMI. Daily Sale approximately of $1000 & Potential to extend hours and boost the Sale. Corner Location with plenty of exposure at the Busy King Street E. Bit Coin and ATM service available. Inventory to be valued Separately. Basement Included. Seller willing to train. (id:51158)
#110 -964 Albion Rd
Toronto, Ontario
Fully equipped kitchen with 8 cooking stations - former culinary school - Ideal for education use or for larger catering kitchen. All work done with permits. Hundreds of thousands $$$ spent in leasehold improvements. Could operate as a school, uber eats kitchen, catering kitchen, commissary kitchen, Ghost Kitchen, etc. Don't miss this amazing opportunity. Second Floor Location with lobby washrooms.**** EXTRAS **** New lease 5 years + 5 years option to renew. Gross Rent is $8,500/Month + HST. Act Fast. (id:51158)
#701 -15 Torrance Rd
Toronto, Ontario
This has 2 Bedrooms, 1 Den Is Located In The Heart Of Scarborough! Bright and Spacious, Perfect for first time buyers, investors or downsizers! New Laminate floors & lighting fixtures throughout. Open concept living/dining w w/o to stunning balcony. This Home Has Generous Sized Bedrooms & Ensuite Laundry. New S.S. appliances, custom cabinets. Walking Distance To Go Train, Schools, Restaurants And Grocery Stores & Public Transit. Great Facilities Include: Gym Room, Pool, Party Room, Sauna &Visitor Parking. (id:51158)
2602a Eglinton Ave E
Toronto, Ontario
Location Location Location. Prime Location! Convenience Store for Sale - Turnkey Operation , Low Rent $3250 included TMI. owner wants to Retire. (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.