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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
House For Sale in hamilton, #846 -350 QUIGLEY RD

#846 -350 Quigley Rd

Hamilton, Ontario

2 Bedroom 1 Bathroom
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)
Homes for sale in Hamilton
For sale $469,000
House For Sale in hamilton, 5 MARTHA ST

5 Martha St

Hamilton, Ontario

3 Bedroom 1 Bathroom
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)
Homes for sale in Hamilton
For sale $499,999
House For Sale in mississauga, #1110 -65 WATERGARDEN DR

#1110 -65 Watergarden Dr

Mississauga, Ontario

1 Bedroom 1 Bathroom
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 [email protected] or call 647-772-1741**** EXTRAS **** S/S Fridget Stove, Dishwasher, Microwave, Washer/dryer, one parking and one Locker (id:51158)
Homes for sale in Mississauga
For sale $449,000
House For Sale in toronto, #326 -25 COLE ST

#326 -25 Cole St

Toronto, Ontario

1 Bathroom
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)
Homes for sale in Toronto
For sale $459,900
House For Sale in toronto, #1508 -150 EAST LIBERTY ST

#1508 -150 East Liberty St

Toronto, Ontario

1 Bathroom
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)
Homes for sale in Toronto
For sale $489,900
House For Sale in toronto, #411 -812 LANSDOWNE AVE

#411 -812 Lansdowne Ave

Toronto, Ontario

1 Bedroom 1 Bathroom
Fabulous opportunity in this lovely 1 bed, 1 bath, light filled unit in the highly sought after Junction Triangle! Functional floor plan with open concept kitchen, dining & living room, perfect for entertaining. Bedroom with oversized walk-in closet. Kitchen with granite countertops, stainless steel appliances and breakfast bar. Steps to Bloor subway line, Up Express, GO Station, High Park, Earlscourt dog park, Toronto Rail Path, the best of The Junction & Bloor St W shopping, cafes, bistros and wonderful amenities, Easy access to underground parking spot & storage locker. Pet friendly building and low fees. A fabulous opportunity in one of Torontos most trendy neighbourhoods!**** EXTRAS **** Building Amenities Include: Exercise room, sauna, party/meeting room, games room, bike storage, visitors parking & management office on site. (id:51158)
Homes for sale in Toronto
For sale $500,000
House For Sale in toronto, #1503 -714 THE WEST MALL

#1503 -714 The West Mall

Toronto, Ontario

3 Bedroom 2 Bathroom
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)
Homes for sale in Toronto
For sale $479,900
House For Sale in toronto, #827 -36 LISGAR ST

#827 -36 Lisgar St

Toronto, Ontario

1 Bedroom 1 Bathroom
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)
Homes for sale in Toronto
For sale $480,888
House For Sale in toronto, #802 -20 BRUYERES MEWS

#802 -20 Bruyeres Mews

Toronto, Ontario

1 Bathroom
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)
Homes for sale in Toronto
For sale $499,900
House For Sale in hamilton, #405 -10 JOHN ST W

#405 -10 John St W

Hamilton, Ontario

2 Bedroom 2 Bathroom
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)
Homes for sale in Hamilton
For sale $459,900
House For Sale in toronto, #1508 -150 EAST LIBERTY ST

#1508 -150 East Liberty St

Toronto, Ontario

1 Bathroom
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)
Homes for sale in Toronto
For sale $393,800
House For Sale in toronto, #1204 -185 ROEHAMPTON AVE

#1204 -185 Roehampton Ave

Toronto, Ontario

1 Bathroom
Bask in the brilliance of this bright, joyful and all-around uplifting studio near Yonge/Eglinton! With end-to-end and floor-to-ceiling windows, an extra-large 119 sq. ft. balcony, and an open concept layout with zero wasted space, this perfect peach of a place is beautiful, efficient and so easy to live in. Have people over! This space will make you proud to entertain, with its luxury fully-loaded kitchen, amazing private outdoor space, plus the buildings gorgeous outdoor pool, hot tub, outdoor lounge and good vibes. The kitchen also features very spacious over-head cabinets, for extra storage. Great building amenities include the aforementioned pool, a rooftop garden, gym, sauna, party room and 24hr concierge. It's just steps to the subway at Eglinton Station, and a plethora of shops, restaurants, bars and other conveniences.**** EXTRAS **** Select photos have been virtually staged to show the unit's versatile layout options. (id:51158)
Homes for sale in Toronto

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.