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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..

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For sale $499,000
House For Sale in mississauga, #110 -111 BRISTOL RD E

#110 -111 Bristol Rd E

Mississauga, Ontario

1 Bedroom 1 Bathroom
HAVE YOU BEEN LOOKING FOR SOMETHING AFFORDABLE? ARE YOU LOOKING TO DOWNSIZE? TRYING TO GET INTO THE MARKET? ARE YOU A FIRST TIME HOME BUYER? LOOK NO FURTHER! THIS PRIME LOCATION CONDO IS THE PERFECT PLACE TO CALL HOME. WITH EASY ACCESS TO MAJOR HIGHWAYS LIKE 401/403/407 AND THE UPCOMING LRT BRISTOL-HURONTARIO STOP, COMMUTING HAS NEVER BEEN EASIER. THIS CORNER UNIT, WITH A VIEW, HAS ONE OF THE MOST CONVENIENT PARKING SPOTS (LOCATED BESIDE THE STAIR-WELL), A RECENTLY RENOVATED KITCHEN (2022) WITH PRISTINE WHITE QUARTZ COUNTERTOPS, A MATCHING BACKSPLASH, AN EXTENDED BREAKFAST COUNTER, NEW BLACK STAINLESS-STEEL APPLIANCES, A DOUBLE UNDERMOUNT SINK, SOFT-CLOSE CUPBOARD DOORS & BRUSHED BRASS HARDWARE. ENJOY ADDED LUXURIES LIKE A FULL-SIZE WASHER AND DRYER AND THE INDULGENCE OF A HEATED BATHROOM FLOOR. THE LOW MAINTENANCE FEE INCLUDES BUILDING INSURANCE, WATER, POOL ACCESS, CHILDRENS PLAYGROUND, AND VISITOR PARKING. LOCATED WITHIN WALKING DISTANCE OF SUPERMARKETS, RESTAURANTS, CAFES, SHOPS, AND SCHOOLS, THIS GEM OFFERS A LIFESTYLE OF UNPARALLELED CONVENIENCE. DON'T LET THIS FANTASTIC OPPORTUNITY SLIP THROUGH YOUR FINGERS! **** EXTRAS **** Aircon Unit (2016), Furnace (2016), And Hot Water Heater (2020) Owned. (id:51158)
Homes for sale in Mississauga
For sale $109,000
House For Sale in toronto, #PARKING -197 YONGE ST

#parking -197 Yonge St

Toronto, Ontario

Parking Spot For Sale At The Massey Tower (197 Yonge Street) Location In The Heart Of Downtown Toronto! Directly Across The Street From Eaton Center. Steps To Path System, Dundas Square, Financial District, Ryerson University, Theatres, Shopping, Restaurants & More. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #1607 -50 FOREST MANOR RD

#1607 -50 Forest Manor Rd

Toronto, Ontario

2 Bedroom 1 Bathroom
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)
Homes for sale in Toronto
For sale $499,000
House For Sale in mississauga, 111 BRISTOL Road E|Unit #110

111 Bristol Road E, Unit #110

Mississauga, Ontario

1 Bedroom 1 Bathroom 480 sqft
HAVE YOU BEEN LOOKING FOR SOMETHING AFFORDABLE? ARE YOU LOOKING TO DOWNSIZE? TRYING TO GET INTO THE MARKET? ARE YOU A FIRST TIME HOME BUYER? LOOK NO FURTHER! THIS PRIME LOCATION CONDO IS THE PERFECT PLACE TO CALL HOME. WITH EASY ACCESS TO MAJOR HIGHWAYS LIKE 401/403/407 AND THE UPCOMING LRT BRISTOL-HURONTARIO STOP, COMMUTING HAS NEVER BEEN EASIER. THIS CORNER UNIT, WITH A VIEW, HAS ONE OF THE MOST CONVENIENT PARKING SPOTS (LOCATED BESIDE THE STAIR-WELL), A RECENTLY RENOVATED KITCHEN (2022) WITH PRISTINE WHITE QUARTZ COUNTERTOPS, A MATCHING BACKSPLASH, AN EXTENDED BREAKFAST COUNTER, NEW BLACK STAINLESS-STEEL APPLIANCES, A DOUBLE UNDERMOUNT SINK, SOFT-CLOSE CUPBOARD DOORS & BRUSHED BRASS HARDWARE. ENJOY ADDED LUXURIES LIKE A FULL-SIZE WASHER AND DRYER AND THE INDULGENCE OF A HEATED BATHROOM FLOOR. THE LOW MAINTENANCE FEE INCLUDES BUILDING INSURANCE, WATER, POOL ACCESS, CHILDRENS PLAYGROUND, AND VISITOR PARKING. LOCATED WITHIN WALKING DISTANCE OF SUPERMARKETS, RESTAURANTS, CAFES, SHOPS, AND SCHOOLS, THIS GEM OFFERS A LIFESTYLE OF UNPARALLELED CONVENIENCE. DON'T LET THIS FANTASTIC OPPORTUNITY SLIP THROUGH YOUR FINGERS! EXTRAS: Aircon Unit (2016), Furnace (2016), And Hot Water Heater (2020) Owned. (id:51158)
Homes for sale in Mississauga
For sale $499,000
House For Sale in burlington, 4040 UPPER MIDDLE ROAD Road Unit# 104

4040 Upper Middle Road Road Unit# 104

Burlington, Ontario

1 Bedroom 1 Bathroom 653
Attention empty nesters, commuters, first time home buyers, investors and executives, RARE OFFERING! THIS luxurious 1 bedroom PLUS Den BOASTS OWNERSHIP of TWO, yes 2 Parking Spots! This Fresh and Fabulous Condo is Ready for YOU in the New, Modern & stylish Park City Condo development! South facing Unit with Soaring 10' Ceilings! Lots Of Natural Light/Oversized windows/Walk Out To Extra Large 110 SF Terrace.Located On The First Floor overlooking the QUIET front of the building. It has been Immaculately maintained by its original owner and professionally painted throughout (2024). Kitchen has Tall upper cabinets/Stainless Steel appliances/slide in stove/backsplash & granite counters. Breakfast bar seating for 3 and Open Concept Living Room/Dining room is intimate for quiet evenings yet flows beautifully for entertaining. A Bright and Spacious primary bedroom w 4 piece ensuite bath (Soaker tub and Shower) provides Ensuite privileges to DEN (possible 2nd bedroom). Stacked Whirlpool Washer/Dryer too. One locker come with this unit and TWO parking spots. Owner paid an extra $35000 in purchase price! No parking at the plaza or waking early to move your car. Maintenance fees a little higher to cover the 2=better than renting one. You Still Only pay Hydro and Internet. The Park City building provides residents with a Dining/Meeting room with kitchen. Lounge in the Lobby, guest parking, recycling program and plans for much more with regard to amenities. Don't miss this gem! Tansley Woods Community Centre, TIM Hortons/Groceries/Services/Great local restaurants/walking trails and parks. Close to the Millcroft Golf Club/Schools/Public Transit and Easy Access to QEW and 403. GO train is conveniently located nearby. RECAP of EXTRAS that makes #104 SPECIAL: Two Parking spaces. 10 ceilings, Main Floor Unit, Quiet Southern Exposure, 110 SF Terrace, Professionally Painted, Celings fans. STATUS CERTIFICATE ORDERED Quick close available (id:51158)
Homes for sale in Burlington
For sale $32,000
House For Sale in toronto, #B67 -505 RICHMOND ST W

#b67 -505 Richmond St W

Toronto, Ontario

Locker room for sale. Must own a unit in the building. **** EXTRAS **** Enclosed exclusive use locker room, not a cage in a shared room. Buyer to verify taxes and condo fees. Must be owner of unit in building. Located on P2. Size is 12'8"" x 4' as per builder. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in mississauga, #1510 -3695 KANEFF CRES

#1510 -3695 Kaneff Cres

Mississauga, Ontario

2 Bedroom 1 Bathroom
Welcome to this bright and spacious 1+1 suite, centrally located in downtown Mississauga. Enjoy a combined living/dining room, kitchen with tons of counter space and windows allowing natural light to pour in. Enclosed den/solarium can be used as a second bedroom. Large Walk-in storage/pantry room. Low maintenance fees include: heat, hydro and water. Exceptionally managed building with luxury amenities including indoor swimming pool, fully equipped gym, barbecue area, tennis court, party room, guest suites, and 24 hour security. Prime city center location with the future L.R.T. at your footsteps. **** EXTRAS **** Well managed building with incredible amenities including indoor swimming pool, fully equipped gym, barbecue area, tennis court, party room, guest suites and 24 hour security. A true retreat with beautiful gardens. (id:51158)
Homes for sale in Mississauga
For sale $499,900
House For Sale in toronto, #212 -69 LYNN WILLIAMS ST

#212 -69 Lynn Williams St

Toronto, Ontario

1 Bedroom 1 Bathroom
Fashionable And Well-Appointed 1 Bedroom In Highly Coveted 69 Lynn Williams. Freshly painted with new Luxury Vinyl Planks installed and brand new light fixtures! Professionally Cleaned! Kitchen boasts Ceramic Glass Back-splash, and Granite Counter-top and Under-mounted Sink! Steps to Metro Supermarket, TD Bank, CIBC, Restaurants, Shops. Enjoy A Beautiful Open View From The Large Balcony. The Unit Has Been Professionally Cleaned. Offers Anytime. Great Value For A Sweet Unit. **** EXTRAS **** S/S Fridge, Stove, Dishwasher, Microwave, Hood Range, Stacked White, Washer and Dryer. (id:51158)
Homes for sale in Toronto
For sale $498,000
House For Sale in toronto, #1026 -560 FRONT ST W

#1026 -560 Front St W

Toronto, Ontario

1 Bedroom 1 Bathroom
Well maintained Tridel built spacious 555 sft unit, great location with all kind of entertainment facilities at walking distance. Building amenities included Gym, Party Lounge, Rooftop Garden, BBQ, Sauna, Yoga, Billiard Room, Theater, bike storage, plenty of visitor parking. **** EXTRAS **** Lockbox at P1, needs 24 hrs notice for showing, property tenanted till Nov 20, 2024 at $2,300, The buyer must assume existing tenant. the property must be sold, (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in toronto, #538 -3 EVERSON DR

#538 -3 Everson Dr

Toronto, Ontario

1 Bedroom 1 Bathroom
Attention first time home buyers or investors. Welcome to this charming home located Steps To Yonge And Sheppard where convenience and style matters. Unique Corner Unit Townhouse with a ground level terrace and a garden bed. Underground Parking, Locker And More. Well Maintained Spacious Bright One Bedroom Open Concept. Close to Shopping, 2 Subway Stations, Bus &Transportation, Parks (id:51158)
Homes for sale in Toronto
For sale $449,000
House For Sale in toronto, #1006 -10 MUIRHEAD RD

#1006 -10 Muirhead Rd

Toronto, Ontario

3 Bedroom 2 Bathroom
If you are looking for a spacious suite located in a fantastic neighbourhood, look no further. Suite 1006 in 10 Muirhead is the one for you! This bright, west-facing 1,150 square foot suite has a great layout with 3 bedrooms, 2 bathrooms (including 1 ensuite), open concept living and dining area and new kitchen with quartz counters. The list of amenities is extensive. It includes a pool, tennis court, gym, squash court, billiards room, party room and even a convenience store for that late-night milk run. The maintenance fees include all utilities + landscaping, snow removal, cable TV & unlimited high-speed internet. The Pleasant View neighbourhood has everything singles, couples or families could want including a community centre, library, a variety of shopping plazas, restaurants, cafes and numerous schools (including coveted Brian Public School with a French Immersion program). With plenty of large parks and quiet streets, Pleasant View residents can enjoy a slower pace of life with the city hustle and bustle just streets or a bus ride away. It is a quick walk to the Don Mills subway station at Fairview Mall and Hwys. 401 and 404 are just minutes away. The unit comes with one parking space but extra parking spaces and storage lockers are available to rent. Don't miss your chance to live in this great suite in an amazing neighbourhood! **** EXTRAS **** Renovated kitchen (Mar 2023) complete w. soft-close hinges, large lower pot drawers, pull-out pantry/cleaning cabinet & quartz countertops. Maint. fee incl. ALL utilities + landscaping, snow removal, cable TV & unlimited high-speed internet (id:51158)
Homes for sale in Toronto
For sale $495,000
House For Sale in mississauga, #606 -60 BRISTOL RD
Food Services and Beverage

#606 -60 Bristol Rd

Mississauga, Ontario

3000 sqft
Location, Location ,Location, Own the go-to grocery and halal meat hub in a high-traffic AAA location, adjacent to McDonald's and surrounded by a dense residential area. This is the neighborhood's only store of its kind and sits next to a future LRT station and upcoming condo developments, ensuring a growing customer base. With easy access, a loyal community, and a option for profitable takeout food . **** EXTRAS **** All chattels and equipments are included in the price, this store is perfectly positioned for success and expansion.Low rent of only $8689 gross . (id:51158)
Homes for sale in Mississauga

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.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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!

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

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 Listing, Homes for Sale

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.