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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
$478,000
#704 -80 ESTHER LORRIE DR, toronto, Ontario

#704 -80 Esther Lorrie Dr

Toronto, Ontario

Experience luxury living at the renowned Cloud 9 Condo, nestled in the heart of Etobicoke's family-friendly neighborhood. This exquisite 1-bedroom plus den residence offers unparalleled comfort and luxury. The oversized den can comfortably be used as a second bedroom and fits a queen-size bed, flooded with natural light from floor-to-ceiling windows. Enjoy a modern kitchen layout with a designer backsplash and a double sink. Step into the elegant living room with direct balcony access, offering a gorgeous unobstructed view from the large private balcony! Cloud 9 provides its residents with a stunning venue for entertainment, relaxation, and fitness, featuring resort-like amenities such as a rooftop BBQ patio, 24hr security with a concierge, heated swimming pool, and gym. Conveniently located minutes away from Hwy 401 and 427, TTC, and Go Transit, as well as Pearson Airport, Etobicoke General Hospital, abundant shopping, excellent schools, and Humber River Ravine Trails right in your backyard! One parking spot and locker are included. Don't miss this rare opportunity to experience luxury living in one of Etobicoke's most coveted locations! Schedule your private showing today and step into your dream home! (id:51158)

2 Bedroom 1 Bathroom
For rent
$20,000 Monthly
#1 & 2 -3970 EGLINTON AVE W, mississauga, Ontario
Retail and Wholesale

#1 & 2 -3970 Eglinton Ave W

Mississauga, Ontario

PRIME LOCATION : Situated in the heart of busiest food plaza of Mississauga, this place enjoys unparalled visibility and foot traffic, making it ideal for business seeking maximum exposure. HIGH TRAFFIC AREA: With constant flow of visitors throughout the day, this property offers business a lucrative opportunity to attract more customers VERSATILE SPACE: Featuring a flexible layout, this property is well-Suited for a variety of businesses like retails shops, service providers etc PROXIMITY TO AMENITIES: Located very next to Gas Station, Tim Hortons, public transportation, major highway, residential neighbourhood, this property offers connectivity and convenience. ADDITIONAL $100,000 FOR EXISTING INTERIOR CONSTRUCTION. (id:51158)

3206 sqft
For sale
$499,000
#1911 -1 MASSEY SQ, toronto, Ontario

#1911 -1 Massey Sq

Toronto, Ontario

This 2 Bedroom beautiful, bright and spacious Condo unit features Immaculate designed and well renovated floor To Ceiling, Built-In dining area, Electric Fireplace in living area, portlights, large designed closets and bedroom furniture's sets. Fabulous CN tower and west exposure with many recreational including Swimming Pool, Gym, Yoga, Rm, Squash & Basketball Courts And Much More. Step to TTC and subway, School, Medical Center, Groceries and many more. Do not miss your dream unit ! **** EXTRAS **** Stainless Steel Appliances, New Washer, stove, dishwasher, mini fridge, Wine Cooler, Electric Fire Place W/Remote Controller, B/I King Size Bed, B/I Queen Size Bed, B/I dining area with 2 Bar chairs, shoe rack, All Elfs and All Blinds. (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,800
#2803 -68 SHUTER ST, toronto, Ontario

#2803 -68 Shuter St

Toronto, Ontario

Downtown 'Core Condo' by Centrecourt, Rare Opportunity To Own This Beautiful 1 Bed Unit+Study With Bright South View Comes With Practical Layout. Divided Living And Dining Give Plenty Of Spaces, Bedroom Is Also Separated With Large Window Facing South. A 2nd br is feasible to add on, Walking Distance to financial/Fashion District, Eaton Centre, Ryerson, George Brown, City Hall, Hospitals And More. Steps To Ttc. Great Opportunity For First-Time Home Buyer Or Investor. Parking And Locker Included. (id:51158)

2 Bedroom 1 Bathroom
For sale
$435,000
288 REYNOLDS Street, oakville, Ontario

288 Reynolds Street

Oakville, Ontario

RARELY OFFERED OLD OAKVILLE CO-OP APARTMENT. QUIET AND CHARMING FOUR STOREY BUILDING IN PRIME WALK TO TOWN LOCATION. ACROSS FROM NEW OAKVILLE TRAFALGAR COMMUNITY CENTER. THIS ADULT LIVING BUILDING IS PERFECT FOR EMPTY NESTERS, SNOW BIRDS, DOWNSIZERS, COUPLES OR SINGLES. VERY PRETTY GROUNDS AND PERENNIAL GARDENS. THIS TWO BEDROOM UNIT IS WELL MAINTAINED BUT READY FOR YOUR DECORATING/RENOVATING. THIS IS A CO-OP NOT A CONDOMINIUM. MANAGEMENT FEE INCLUDES PROPERTY TAXES, HEAT, AND WATER. OUTSIDE EXCLUSIVE PARKING INCL IN FEE. GARAGES CAN BE RENTED WHEN THEY BECOME AVAILABLE. UNIT MUST BE OWNER OCCUPIED - CANNOT BE LEASED. YOU MAY FINANCE THROUGH DUCA CREDIT UNION WITH MINIMUM OF 30% DOWN. CATS ARE ALLOWED, DOGS ARE NOT ALLOWED. WALKING DISTANCE TO DOWNTOWN OAKVILLE SHOPS AND RESTAURANTS, GO TRANSIT AND WHOLE FOODS. (id:51158)

2 Bedroom 1 Bathroom 708
For sale
$349,900
#S/3 -150 MAIN ST W, hamilton, Ontario
Retail and Wholesale

#s/3 -150 Main St W

Hamilton, Ontario

Prime Retail In The Heart Of Downtown Hamilton! Looking For Small Restaurants Or Shops, Convenience Stores And Much More. Located On Bus Routes 1, 5, 7, 10 & 34, 150 Main St Is At The Core Of Student And Professional Living. Fronts On George St. Unit is unrenovated and roughed-in for plumbing. **** EXTRAS **** Unit is being sold in ""As Is"" condition. (id:51158)

1191 sqft
For sale
$450,000
35 EDGEMONT Street N, hamilton, Ontario

35 Edgemont Street N

Hamilton, Ontario

This charming 2-story brick home in the coveted Crown Point area boasts both character and modern updates. Enjoy the comfort of an enclosed front porch and back porch, perfect for relaxing. The updated kitchen, windows and some flooring add to its appeal. Updates include newer electrical panel and wiring, removal of lead pipes to the street, updated plumbing, and installation of a backflow valve. Furnace and A/C are under 10 years old. The main bath (2021) and laundry appliances (2021) offer convenience. Additional improvements like chimney parging (2021), roof and some siding (2023) further enhance the property. Spacious living and dining areas provide ample space for gatherings. Located steps away from the vibrant Ottawa Street district and beautiful Gage Park. This home offers easy access to shopping, restaurants, and public transit. Explore the nearby 6km Pipeline Trail Pollinator Paradise, maintained by The Crown Point Garden Club. Don't miss the opportunity to make this your new home! (id:51158)

3 Bedroom 2 Bathroom 1062 sqft
For sale
$119,000
#33 -275 DUNDAS ST, toronto, Ontario
Restaurant

#33 -275 Dundas St

Toronto, Ontario

Busy Downtown Indian Food Court Business at Village by the Grange Mall, 275 Dundas St W near University and Dundas, available for sale. Large hood and walk-in cooler in unit as well as long list of chattels and equipment. 521 sq ft and newly renovated with low rent. Across from OCAD and Art Gallery of Ontario, steps away from St. Patrick Subway station, this mall is fully leased and very busy with students, condo residents nearby, U of T workers and hospital staff. Utilities included in the rent and this mall is open early in the morning until late at night. This unit is on the ground level with easy access via 3 exits for food delivery. Large frontage and strong sales numbers as well. (id:51158)

521 sqft
For sale
$499,900
#518 -21 PARK ST E, mississauga, Ontario

#518 -21 Park St E

Mississauga, Ontario

In The Heart Of Port Credit, 2 Yr New Tanu Luxury Condo Built By Edenshaw. 1 Extra Large Bdrm Featuring 270 Degree: South, East & North Exposure W/ 728 Sqft + 108Sqft Terrace. Contempory Open Concept Kitchen W/ Integrated Fridge, Dishwasher, Undermount Sink, Quartz Countertop With An Upgraded Large Centre Island, Ample of Pantry Cabinet Space. 2 Mins Walk To Port Credit Go Station, Waterfront, Parks, Schools, Restaurants, Shops And More. Unit Has Smart Home Technology, Keyless Entry, Building Amenities Include: 24/7 Concierge, Gym/Yoga Rm, Theatre, Billiards/Games Rm, Party Room, Outdoor Patio With Barbeque Area, Pet Spa, Car Wash Service, Guest Suite & Visitor Parking **** EXTRAS **** Integrated B/I Fridge & Dishwasher, B/I Glass Cooktop, Stainless Steel B/I Stove, Stainless Steel B/I Microwave Hood Fan, Washer And Dryer, 2 Lockers (Side-by-side), Smart Home Technology Keypad & Keyless Entry (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
#1607 -50 FOREST MANOR RD, toronto, Ontario

#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)

2 Bedroom 1 Bathroom
For sale
$160,000
984B ALBION RD, toronto, Ontario

984b Albion Rd

Toronto, Ontario

Key Operation Business ! Established Hair Salon For Last 30 Years ! Gross Income $17k-20k/Month ! Low Rent, Approx 2800/M Including Tmi. Be Your Own Boss And Run Your Own Family Business, Lots of Potential and Money to Made! Don't Miss This Opportunity! Profitable Business (id:51158)

1 Bathroom 540 sqft
For sale
$499,000
#110 -111 BRISTOL RD E, mississauga, Ontario

#110 -111 Bristol Rd E

Mississauga, Ontario

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)

1 Bedroom 1 Bathroom
For sale
$109,000
#PARKING -197 YONGE ST, toronto, Ontario

#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)

For sale
$499,000
111 BRISTOL Road E|Unit #110, mississauga, Ontario

111 Bristol Road E, Unit #110

Mississauga, Ontario

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)

1 Bedroom 1 Bathroom 480 sqft
For sale
$449,000
8 LLOYD ST, hamilton, Ontario

8 Lloyd St

Hamilton, Ontario

Welcome to 8 Lloyd St, where the essence of ""home"" shines without disappointment. Discover a sanctuary of comfort and modernity with a comprehensive array of upgrades. From enhanced insulation to the enduring beauty of engineered hardwood floors, every detail speaks of quality living. Embrace the luxury of two pristine bathrooms and a newly appointed kitchen boasting top-of-the-line appliances. Outside, revel in the fresh allure of new windows, stucco, and siding, accentuated by a flawless paint job. Ascend the inviting hardwood stairs, and you'll find that this residence is more than just a houseit's a haven where every detail is crafted to ensure your utmost satisfaction. (id:51158)

3 Bedroom 2 Bathroom
For sale
$449,000
#421 -1 JARVIS ST, hamilton, Ontario

#421 -1 Jarvis St

Hamilton, Ontario

Welcome to this Brand New unit at 1 Jarvis by EMBLEM Developments! Never lived in, be the first one to move in! Building offers Yoga room, fitness centre, lounge, Co-Work Space! Located in the heart of Hamilton, you'll enjoy easy access to McMaster University, easy access to Highway 403, QEW, shops, restaurants and more! Taxes & Condo Fees have yet to be assessed for this unit. **** EXTRAS **** This is NOT an assignment sale, taxes and maintenance to be assessed. (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
#1510 -3695 KANEFF CRES, mississauga, Ontario

#1510 -3695 Kaneff Cres

Mississauga, Ontario

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)

2 Bedroom 1 Bathroom
For sale
$479,900
#605 -3501 GLEN ERIN DR, mississauga, Ontario

#605 -3501 Glen Erin Dr

Mississauga, Ontario

Perfect time for Buying Condo before Increase Price! Bright And Open Concept 2 Bed, 1 Bath Condo with Long Balcony. That's Central To All Major Amenities. Sliding Door To The Large Private Balcony. This Is Also A Rare Unit That Has An In-Suite Laundry That Includes An Efficient Full-Size Washer. The Unit Comes With One Underground Parking, A Locker, And The Condo Fees Include Heat And Hydro. Condo Amenities Include Fitness Center And Partyroom. Truly So Much Value In This Unit &Location (id:51158)

2 Bedroom 1 Bathroom
For sale
$499,900
15 QUEEN Street S Unit# 1415, hamilton, Ontario

15 Queen Street S Unit# 1415

Hamilton, Ontario

Luxury lifestyle with this 1 bedroom PLUS Den at the Platinum Condos in Hamilton! A new modern smart building with rooftop terrace space, State-Of-The-Art Gym, Party Room and visitor parking. This spacious unit includes a convenient OWNED storage locker and an OWNED underground parking space. Featuring 9 foot ceilings, This kitchen area is sure to impress with quartz counters, an eat in island and stainless appliances. Spend mornings siping coffee or evenings with some vino admiring the views from this 14th floor unit. Minutes away from Hwy 403, McMaster University, Mohawk College, Hospitals, Go Transit System, restaurants and coffee shops! Perfect for the young couple looking to get into the market with lifestyle or a place to hang your head and not have to worry about anything while you do your worldly travels. (id:51158)

1 Bedroom 1 Bathroom 661
For sale
$408,000
#1306 -1 JARVIS ST, hamilton, Ontario

#1306 -1 Jarvis St

Hamilton, Ontario

Step Into The Vibrant Heart Of Downtown Hamilton At 1 Jarvis Street! This Freshly Built Condominium Epitomizes Urban Living With Its Contemporary design and convenient location. Step inside this luminous, carpet-free dwelling featuring one bedroom and a full bathroom, providing ample space for comfortable living. The open-concept layout is perfect for hosting gatherings, boasting a modern kitchen outfitted with stainless steel built-in appliances &quartz countertops. Natural light floods the inviting living area through full-sized sliding doors, leading to a balcony the perfect spot for your morning coffee or evening cocktail. The tranquil bedroom offers a serene escape, complete with a full-height window for abundant natural light. Indulge in the array of amenities complemented by attentive 24-hour concierge service. Situated at the core of Hamilton, enjoy effortless access to all transit. (id:51158)

1 Bedroom 1 Bathroom
For sale
$30,000
#105 -2323 BLOOR ST W, toronto, Ontario

#105 -2323 Bloor St W

Toronto, Ontario

Amazing Opportunity To Own This Well Known And Respected Wellness Clinic In The Heart Of High Park. Perfect For Massage Therapists, Chiro, Physio And Much More! All Chattels and Database Of Over 1000 Loyal Customers Is Included. Training Provided! **** EXTRAS **** 3 Yrs Left on The Lease + 5 Yrs, Very Reasonable Terms. Great Visibility And Walk- In Traffic On Bloor St. West (id:51158)

1 Bathroom 490 sqft
For sale Open House
$489,999
#423 -550 FRONT ST W, toronto, Ontario

#423 -550 Front St W

Toronto, Ontario

Welcome to this 9ft High Ceiling North Facing 1 Bedroom Condo in a Well Managed Low-rise Boutique Building in Portland Park Village tucked away from bustling King St W. Open Concept Practical and Functional Layout. Walk Score 88 & Transit Score 95! Steps to TTC, Rogers Centre, Financial and Entertainment District. Do your shopping at the newly launched Shopping Centre The Well, Stackt Market; Farm Boy, Loblaws, Joe Fresh, Shoppers, And Lcbo. Private Spacious Balcony is perfect for relaxing and entertaining all summer long. **** EXTRAS **** Low Condo Fees & Taxes In A Well Managed Building. Stacked Washer And Dryer, All Window Coverings, And All ELFs. Shop @ The Well. Farm Boy &. Close To Parks, Liberty Village, Bay St, & TTC. Easy Access To The Gardener/QEW (id:51158)

1 Bedroom 1 Bathroom
For sale
$479,000
#409 -19 AVONDALE AVE, toronto, Ontario

#409 -19 Avondale Ave

Toronto, Ontario

Absolutely!""Step into and embrace this sun-drenched corner unit, boasting move-in condition and thoughtful updates throughout. Illuminated by the warmth of natural light, this bachelor living space features a charming balcony, convenient locker, and coveted parking spot. Nestled in the vibrant Yonge and Sheppard locale, you're just a leisurely stroll away from TTC access, Whole Foods, bustling Yonge Street, eclectic shops, and a plethora of dining options. **** EXTRAS **** included pristine move-in condition, freshly painted walls that breathe new life into the space, a versatile Murphy bed for optimized living, an inviting electric fireplace for cozy evenings, and brand-new blinds offering style and privacy. (id:51158)

1 Bathroom
For sale
$499,900
#802 -1 REAN DR, toronto, Ontario

#802 -1 Rean Dr

Toronto, Ontario

Luxury New York Towers built by Daniels, excellent location minutes' walk to Bayview subway/TTC, Bayview Village Shopping Centre, Library, Loblaws, IKEA, Starbucks, restaurants and close to 401/404.Best largest 1 Bedroom layout (Model: The Empire) living with 642 sq/ft + 61 sq/ft terrace (as per builder)!!! Open view and quiet unit facing Bayview Village. Upgraded kitchen backsplash, cabinets, laminate floor and lighting. Ready to move-in condition!!! Includes 1 spacious parking close to the elevator and 1 locker. Maintenance Fees include all Utilities, Building includes excellent amenities: concierge/security guard, indoor swimming pool, whirlpool, sauna, virtual golf, billiard, movie theater, fitness classes (yoga, zumba, tai chi, etc), 24 hrs concierge, car wash, table tennis, exercise room, party room, bike storage, guest suites, media room and bbq area. The property management team is currently in the process of installing electric vehicle chargers in the visitor parking area. *SOME INTERIOR PHOTOS ARE VIRTUALLY STAGED* **** EXTRAS **** Existing Appliances: Fridge, Stove, Range Hood, Dishwasher, Washer & Dryer; All Window Coverings, All Electrical Light Fixtures; One Parking; One Locker. (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.