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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..
#1607 -50 Forest Manor Rd
Toronto, Ontario
Beautiful One Bedroom + Den Condo Unit In Prime North York Location. This Unit Has An Amazing Open Concept Layout, Floor To Ceiling Windows And Views From The Balcony. The Modern Kitchen Features Quartz Counters, Built In Appliances And Lots Of Cabinets. State Of The Art Amenities Include Party Room, Steam Room, Pool, Hot Tub, Gym And More! This Condo Is Centrally Located Near The Intersection Of Highway 404/DVP And 401. It Is Walking Distance To The Subway Station, Bus Stops, Fairview Mall, Medical Offices, Entertainment, Dining, Large Employers, Community Centre, Library And More. **** EXTRAS **** Fridge, Stove, B/I Microwave, Dishwasher, Stacked Washer and Dryer, Elf. One Parking and One Locker (id:51158)
#1005 -21 Overlea Blvd
Toronto, Ontario
Step into the heart of Thorncliffe Park and claim your spot in this bright 1-bedroom condo all at a price that will make you do a double-take! Make home sweet home a reality. Exceptional value to first-time homebuyers, downsizers & investors. Recently updated with modern renovations including kitchen & bathroom quartz countertops, laminate flooring, lighting & freshly painted throughout. Generously sized bedroom, with large double door closet. Convenient ensuite laundry with stacked washer and dryer. Benefit from one underground parking & locker. Great building amenities include fitness centre, recreation room, sauna, squash/racquet courts. 24/7 security for residents. Plenty of visitor parking. Nestled right around the corner from Laird, this charming sought-after condo is located with the ultimate convenience. At your doorstep a quick walk to Costco, East York Town Centre, Shoppers, Medical Center, Food Basics, Mosques, Churches, Schools, Daycares and more. Easy access to DVP, 15 minute drive to downtown. TTC at your doorstep. Across the street from future Ontario Line Rapid Transit Station. Thorncliffe Park proposed to become a transit-oriented community (TOC). **** EXTRAS **** And don't forget to catch some of the most breathtaking sunsets from your own living room. (id:51158)
513 Queensdale Ave E
Hamilton, Ontario
GREAT MOUNTAIN LOCATION. EXCELLENT ACCESS TO PUBLIC TRANSPORTATION, MAJOR ROUTES, CONCESSION STREET SHOPS AND THE LOWER CITY. FRESHLY PAINTED WITH NEW FLOORING AND LIGHTING. READY TO MOVE INTO. TWO FULL BATHS AND 3 BEDROOMS. PARKING OFF THE ALLY FOR AT LEAST 2 CARS. PRIVATE BACKYARD WITH COVERED SITTING AREA AND ENCLOSED SHED WITH POWER. COULD BE USED FOR HOBBY ROOM OR STUDIO. **** EXTRAS **** NO OFFERS UNTIL MONDAY MAY 6TH AT 5PM. SUBMIT OFFERS BY 4:30PM (id:51158)
191 Queen Victoria Dr
Hamilton, Ontario
Fully renovated end-unit townhome in a fantastic neighbourhood on the Hamilton Mountain. Over $80k spent in upgrades over the last 2 years! Modernized kitchen and new flooring throughout. Fully finished basement with new ceiling, pot lights, and a full 3-piece bathroom. State of the art light fixtures give the property a luxury feel. Sliding doors to backyard with a beautiful deck area and fully fenced yard. Perfect spot for a BBQ or morning coffee! Numerous upgrades including a new basement bathroom ('20), new tile in upper bathroom floor ('21) and retiled tub/shower ('22), new luxury vinyl flooring on the main and upper level ('23), a new deck with built-in lighting ('19), brand new kitchen cabinets ('22), dishwasher ('20), fresh paint ('20/'21), furnace & A/C ('19). Condo fees are currently $602.26 per month, including special assessment until April 2024. Condo fees drop to $504.14 per month as of May 2024. **** EXTRAS **** Attached garage with 1 parking space plus a single private driveway with 2 additional parking spaces. (id:51158)
150 Main St W
Hamilton, Ontario
First Time Home Buyers Dream or Great Income Generator for Investors! ""CALL HOME"" 150 Main St W 806 In The Heart Of Downtown Hamilton. Minutes away from McMaster University, Mohawk College, Hospitals, GO Transit, Shopping Malls, First Ontario Centre, Hwy 403 and just steps from public transport. Enjoy Living In The Spacious, 9Ft Ceiling, Elegantly Upgraded, Open Concept Layout & A Modern Kitchen With Granite Counter top, S/S Appliances, Backsplash, Ensuite Laundry, A Sun Filled Living Room And Walk Out To A Spacious Balcony. Primary Bed Has A Luxurious Ensuite Washroom & A Walk-In Closet. Your Urban Living Experience Is Further Enhanced By The State-of the-Art Gym, Indoor Swimming Pool, BBQ Courtyard, Social/Party Rooms With Full Kitchen. A Great Living Experience For Professionals, Families and Investors! **** EXTRAS **** All the furniture can be bought along with the apartment for $6000. (id:51158)
#303 -1881 Jane St
Toronto, Ontario
Incredible Opportunity in Toronto! Why opt for renting when you have the chance to become a homeowner? Step into this charming corner unit featuring 3 bedrooms and 2 bathrooms. Conveniently situated near major highways 400/401, Weston Go Station, shopping centers, public transit, restaurants, and more. The living and dining rooms are generously spacious and well-lit, complemented by sliding doors leading to a balcony. The kitchen is sizeable with convenient access to the laundry room. The primary bedroom boasts a large size, a 3-piece ensuite and a closet, while two other bedrooms offer a balcony view. This property also includes 1 parking spot and 1 locker **** EXTRAS **** Fridge, Stove, Washer & Dryer, All Electric Fixtures, All Window Coverings. (id:51158)
138 Balsam Avenue N
Hamilton, Ontario
Charming 3-bedroom home, nestled in a great neighbourhood where families can put down roots and make memories. This home has been with the same caring family for over 52 years and exudes a sense of charm, warmth, and history, ready to embrace its next chapter. Freshly painted, this solid home offers a canvas for your vision, inviting you to infuse your personal style and modern touches. Whether you're looking to revitalize the kitchen, reimagine the living spaces, or add your own unique flair, the possibilities are endless. Convenient location with a Walk score of 90 + a Transit score of 70 - close to Parks, Schools, Tim Horton’s Field, the Restaurants & Shops of Ottawa St. Situated just minutes away from the Mountain Access, Red Hill Expressway & the QEW, commuting to work or exploring the city has never been easier. Alternatively, nearby local transit options make your daily commute a breeze. (id:51158)
138 Balsam Ave N
Hamilton, Ontario
Charming 3-bedroom home, nestled in a great neighbourhood where families can put down roots and make memories. This home has been with the same caring family for over 52 years and exudes a sense of charm, warmth, and history, ready to embrace its next chapter. Freshly painted, this solid home offers a canvas for your vision, inviting you to infuse your personal style and modern touches. Whether you're looking to revitalize the kitchen, reimagine the living spaces, or add your own unique flair, the possibilities are endless. Convenient location with a Walk score of 90 + a Transit score of 70 - close to Parks, Schools, Tim Hortons Field, the Restaurants & Shops of Ottawa St. Situated just minutes away from the Mountain Access, Red Hill Expressway & the QEW, commuting to work or exploring the city has never been easier. Alternatively, nearby local transit options make your daily commute a breeze. **** EXTRAS **** Seller to buy out the HVAC system at their own expense. (id:51158)
#314 -1660 Bloor St E
Mississauga, Ontario
Don't miss this fantastic opportunity to own a Beautiful, Updated 2-Bedroom 1 Washroom gem. Huge, West-Facing Balcony. Low Maintenance Fees which Include Heat, Hydro & Water! Minutes to Highways 427, 401 & QEW, Transit, Schools, Library & Community Center. AAA 7-year Tenant would prefer to stay! **** EXTRAS **** FRIDGE, STOVE, ALL ELFS AND WINDOW COVERINGS (id:51158)
#2206 -125 Village Green Sq
Toronto, Ontario
Welcome to this beautiful 1 bedroom + den tridel built unit. This bright and spacious layout has 9ft ceilings and a modern kitchen, The large den can be used as a second bedroom or office. Large Living Room with Hardwood flooring. Enjoy Stunning unobstructed southwest views from your balcony on the 22nd floor. This unit includes 1 underground parking and 1 locker. World class amenities featuring a state of the art health and fitness studio & recreation centre. Building amenities include: 24Hr concierge, Gym/fitness room, indoor pool, sauna, party Room, billiards, theatre room, bbqs, child care centre, guest suites and ample visitor parking. Conveniently located right at the 401, surrounded by restaurants, shopping, schools, library, public transit and go station. A definite must see! **** EXTRAS **** Washer, Dryer, B/I dishwasher, Stove, Fridge, B/I Microwave (id:51158)
513 Queensdale Avenue E
Hamilton, Ontario
GREAT MOUNTAIN LOCATION. EXCELLENT ACCESS TO PUBLIC TRANSPORTATION, MAJOR ROUTES, AND THE LOWER CITY. FRESHLY PAINTED WITH NEW FLOORING AND LIGHTING. READY TO MOVE INTO. TWO FULL BATHROOMS AND 3 BEDROOMS. PARKING OFF THE ALLY FOR AT LEAST 2 CARS. PRIVATE BACKYARD WITH COVERED SITTING AREA AND ENCLOSED SHED WITH POWER. COULD BE HOBBY ROOM OR STUDIO. (id:51158)
381 Cope St
Hamilton, Ontario
Recently renovated, new kitchen and bathrooms, replaced windows, roof shingles etc. 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)
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.