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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
$349,900
#846 -350 QUIGLEY RD, hamilton, Ontario

#846 -350 Quigley Rd

Hamilton, Ontario

This layout is desirable as both bedrooms are a generous size with the Master having a large closet. The unit has hook-ups for a washer, dryer & dishwasher. New windows throughout including a new patio door. Condo fees include Heat, Water, parking & locker. There is also an in-suite pantry for extra storage. This building is pet friendly (including dogs) and close to the Redhill for an easy commute to the QEW with walking trails near by to enjoy the outdoors. Amenities include outside and inside basketball nets, community garden, bike storage, party room, children's playground & separate shared laundry. Building overlooks greenspace for you to enjoy from your balcony. (id:51158)

2 Bedroom 1 Bathroom
For sale
$469,000
5 MARTHA ST, hamilton, Ontario

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)

3 Bedroom 1 Bathroom
For sale
$149,000
#20 -2899 STEELES AVE W, toronto, Ontario

#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)

1 Bathroom 1400 sqft
For sale
$499,999
#1110 -65 WATERGARDEN DR, mississauga, Ontario

#1110 -65 Watergarden Dr

Mississauga, Ontario

Gorgeous 1 bedroom studio condo by Pinnacle. Large bedroom with 9ftceiling s/s appliances, floor to ceiling windows, breakfast bar, upgraded laminate floor, Granite Countertop, near 403 & 401. steps to sq1 Mall, Master Suite with 3pc Ensuite and large closet, steps to schools and Transit system. Custom Blinds installed worth $5000!!Please send all offers to aliraza.syed1@gmail.com or call 647-772-1741**** EXTRAS **** S/S Fridget Stove, Dishwasher, Microwave, Washer/dryer, one parking and one Locker (id:51158)

1 Bedroom 1 Bathroom
For sale
$129,000
#428 -1571 SANDHURST CIRC, toronto, Ontario

#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)

313 sqft
For sale
$80,000
#83 -384 YONGE ST, toronto, Ontario
Retail and Wholesale

#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)

175 sqft
For sale
$449,000
#326 -25 COLE ST, toronto, Ontario

#326 -25 Cole St

Toronto, Ontario

Bright And Spacious Studio 455 Sq.Ft. + 81 Sq.Ft (Terrace) In Immaculate Condition. Balcony With Sun-Filled West Exposure Located At The Heart Of Regent Park. 9' Ceiling, Floor To Ceiling Windows With Views Of Beautiful Rooftop Garden. Tasteful Finishes: Stainless Steel Appliances, Granite Kitchen Countertop, Premium Laminate Flooring, Large Closet. Steps Away From Public Transportation, Groceries, Bank, Restaurants, Park & Community Centre**** EXTRAS **** All Stainless Steel Fridge, Stove, B/I Microwave, B/I Dishwasher. Washer & Dryer, Window Coverings, Elfs & One Locker. (id:51158)

1 Bathroom
For sale
$500,000
#1503 -714 THE WEST MALL, toronto, Ontario

#1503 -714 The West Mall

Toronto, Ontario

Welcome To This Bright And Spacious 2+1 Bedroom Suite Located In A Desirable Etobicoke Neighbourhood. Entertain Friends + Family In The Open Concept Living/Dining Area, Featuring A Balcony With Unobstructed Courtyard Views. The Large Primary Bedroom Features A Walk-In Closet + A 2 Piece Ensuite. Generously Sized Second Bedroom With Mirrored Closet. Den Can Be Used As An Office Or Easily Converted To A Third Bedroom. Enjoy The Convenience Of Having An Ensuite Locker And Washer. Maintenance Fee Includes Heat, Water, Hydro, High Speed Internet And Premium Cable. Building/Rec Amenities Include Indoor + Outdoor Pools, Saunas, Gym, Tennis And Basketball Courts, Party Room, Billiards Room, Bike Storage, Gazebos with BBQ's, Car Wash, Laundry Facilities And Guest Suites. Conveniently Located Near Major Highways 427/401/QEW/Gardner, Restaurants, Shopping, Parks, Schools, Transit And So Much More!**** EXTRAS **** Recently Renovated Building...Modern Finishes in Hallways and Lobby. All you have to do is move in! (id:51158)

3 Bedroom 2 Bathroom
For sale
$479,900
#827 -36 LISGAR ST, toronto, Ontario

#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)

1 Bedroom 1 Bathroom
For sale
$480,888
#802 -20 BRUYERES MEWS, toronto, Ontario

#802 -20 Bruyeres Mews

Toronto, Ontario

Sun Filled, Spacious, Cozy Condo Unit in Toronto Lakeshore & Bathurst. Smooth 9'10"" Ceilings. Floor to Ceiling Windows. Practical Layout provides ample Space for Living, Bedroom, Work Station plus Eat-in Kitchen. Full Size S/S Appliances, Quartz Counter Tops, Under-mount S/S Sink & Custom Back splash. Large Multi Use Walk-in Closet (7'6"" x 6'4"") Can be used as a Den or for a Twin Bed. 4-PC Full Bathroom. Two Exit Doors to Spacious Balcony. Large Locker in Level B (P2) for your storage. Great Building Management, Low Maintenance Fees. Great Amenities. *24 Hr Concierge for Extra Security and to Receive & Keep your Online Deliveries Safe*. Gym/Exercise Room, Party Room, Media Room, Roof Top Terrace. BBQ Patio, Visitor Parking. Prime Location. Walk to Waterfront, Street Car, Rogers Centre, Restaurants, Bars, Grocery Stores, LCBO, Banks. Quick Access to Billy Bishop Airport, Exhibition Place (CNE). *A Must See***** EXTRAS **** Existing S/S Fridge, Glass Top Stove, B/I Dishwasher, B/I Hood Range Microwave, Stacked Clothes Washer & Dryer, All Elfs, Existing Window Curtains & Rods. (id:51158)

1 Bathroom
For sale
$499,900
#405 -10 JOHN ST W, hamilton, Ontario

#405 -10 John St W

Hamilton, Ontario

Absolutely Stunning 2 Bedroom, 2-Storey Condo in the heart of Downtown Dundas with breathtaking panoramic views of the Escarpment. Shows like a page from Architectural Digest, the interior has been professionally decorated in the French Country theme. This beautiful home has been recently renovated including; Kitchen - luxurious custom cabinetry with built-in storage organizers including extra storage with 2 drawers & microwave shelf, under cabinet lighting, extra wide counters, farmhouse sink, glass backsplash, high-end appliances, Main Bathroom Walk-in Glass shower, tiles, toilet, sink, mirror and lighting, lighting in Primary Bedroom, upstairs Berber carpeting, plus design details throughout including painted decorative flooring, beadboard, hallway redesign for maximum space, 2 piece bath on main floor, one owned underground parking space & more. Incredible location with numerous Restaurants, Shops, Spencer Creek Trail & more just a short walk.**** EXTRAS **** Bosch-Induction Range w/ convection oven, Dishwasher, Microwave, Fisher & Paykel Refrigerator. (id:51158)

2 Bedroom 2 Bathroom
For sale
$459,900
#1508 -150 EAST LIBERTY ST, toronto, Ontario

#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)

1 Bathroom
For sale
$250,000
#501 -199 BAY ST, toronto, Ontario
Restaurant

#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)

For sale
$349,900
350 Quigley Road|Unit #846, hamilton, Ontario

350 Quigley Road, Unit #846

Hamilton, Ontario

Must see this 2 level - 2 Bedroom Condo! This layout is desirable as both bedrooms are a generous size with the Master having a large closet. The unit has hook-ups for a washer, dryer & dishwasher. New windows throughout including a new patio door. Condo fees include Heat, Water, parking & locker. There is also an in-suite pantry for extra storage. This building is pet friendly (including dogs) and close to the Redhill for an easy commute to the QEW with walking trails near by to enjoy the outdoors. Amenities include outside and inside basketball nets, community garden, bike storage, party room, children's playground & separate shared laundry. Building overlooks greenspace for you to enjoy from your balcony. (id:51158)

2 Bedroom 1 Bathroom 848 sqft
For sale Open House
$499,999
#123 -2030 CLEAVER AVE, burlington, Ontario

#123 -2030 Cleaver Ave

Burlington, Ontario

It's Waiting For You and It Won't Last Long! A Smashing 2-Bedroom Open-Concept Condo in the Heart of Headon Forest. This Renovated Corner Unit on the Main Floor (No Stairs) Boasts Two Parking Spaces and an Exclusive Locker. Nestled Against a Tranquil Wooded Forest, the Kitchen Features Full Size Appliances, Undermount Lighting, and Quartz Countertops. Enjoy the Seamless Flow of Vinyl Floors Throughout, Including the Bedrooms. The Bathroom is a Luxurious Retreat With Dual Sinks, an Oversized Walk-In Shower with a Glass Enclosure, Porcelain Tiles, and Stacked Full Size Washer/Dryer. The Second Bedroom Features a Charming Bay Window and Lots of Natural Light, While the Primary Bedroom has Windows on Adjacent Walls, Offering Views of the Private Forested Area. Additionally, it Boasts a Spacious Walk-In Closet. Conveniently Located Within Walking Distance to a Range of Amenities. Don't Let This Opportunity Pass You By! (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,000
#1504 -8 MONDEO DR, toronto, Ontario

#1504 -8 Mondeo Dr

Toronto, Ontario

This is a meticulously crafted 637-square-foot, one-bedroom condo built by Tridel. This exquisite property boasts an open-concept living space with a breathtaking unobstructed panoramic south view, offering an unparalleled living experience. The building offers the convenience of underground parking, 24/7 surveillance, security services, and a dedicated unit alarm system, ensuring peace of mind. Amenities include a swimming pool, gym, hot tub, sauna, basketball court, pool lounge, party room, private movie theater, and guest rooms, catering to a wide range of leisure and entertainment needs. Situated in a family-friendly community, the location offers easy access to subways, universities, schools, shopping centers, and eateries, making it an ideal choice for those seeking a blend of comfort, convenience, and luxury. (id:51158)

1 Bedroom 1 Bathroom
For sale
$75,800
#406 -1315 LAWRENCE AVE E, toronto, Ontario

#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)

1057 sqft
For sale
$499,900
106 NEIL Avenue|Unit #25, hamilton, Ontario

106 Neil Avenue, Unit #25

Hamilton, Ontario

Gorgeous three bedroom condo. Conveniently located near transit and local amenities. Within walking distance to schools and employment opportunities. Includes two tandem parking spaces. Large private, rear deck and plenty of room in the eat in kitchen. Generously sized family room and finished basement recrm. Home has been freshly painted. (id:51158)

3 Bedroom 2 Bathroom 800 sqft
For sale
$494,900
51 FRANCIS Street, hamilton, Ontario

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)

3 Bedroom 2 Bathroom 1090
For sale
$494,900
51 FRANCIS ST, hamilton, Ontario

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)

3 Bedroom 2 Bathroom
For sale
$498,800
#3611 -395 BLOOR ST E, toronto, Ontario

#3611 -395 Bloor St E

Toronto, Ontario

Open/Sun-filled/Spacious/No waste of space! Welcome to the South facing 1bed+study with panoramic/ un-obstructive view(S, E,W) of lake, CN Tower& Toronto skyline at the Hotel Residence- Rosedale On Bloor. 9 ft ceiling, Floor to Ceiling windows, walk out balcony, Extra large bedroom, top notch B/S S/S appl, quartz counter, backsplash, large closet. spa alike bath and more! Extremely Well maintained! Located In Conveniences Of Rosedale Neighbourhood, Right At Sherborne Subway Station. Less Than & Minute Walk To Yonge/Bloor And Yorkville, Minutes From U Of T, Steps Away From High End Boutiques Restaurants, Shopping And Supermarkets. Quick Access To Dvp & Major Transit Route. Five star amenity: Indoor Pool, Gym, Outdoor terrace with BBQ/ lounge area, 24 hrs conceirge And Party Room (id:51158)

2 Bedroom 1 Bathroom
For rent
$16,900 Monthly
236 DOUGLAS DR, toronto, Ontario

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)

5 Bedroom 5 Bathroom
For sale
$499,000
#2808 -150 EAST LIBERTY ST, toronto, Ontario

#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)

1 Bedroom 1 Bathroom
For sale
$499,000
#805 -36 LEE CENTRE DR, toronto, Ontario

#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)

1 Bedroom 1 Bathroom

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.