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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 $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 $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 $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 $494,900
House For Sale in hamilton, 51 FRANCIS Street

51 Francis Street

Hamilton, Ontario

3 Bedroom 2 Bathroom 1090
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)
Homes for sale in Hamilton
For sale $494,900
House For Sale in hamilton, 51 FRANCIS ST

51 Francis St

Hamilton, Ontario

3 Bedroom 2 Bathroom
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)
Homes for sale in Hamilton
For rent $16,900 Monthly
House For Sale in toronto, 236 DOUGLAS DR

236 Douglas Dr

Toronto, Ontario

5 Bedroom 5 Bathroom
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)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #2808 -150 EAST LIBERTY ST

#2808 -150 East Liberty St

Toronto, Ontario

1 Bedroom 1 Bathroom
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)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #805 -36 LEE CENTRE DR

#805 -36 Lee Centre Dr

Toronto, Ontario

1 Bedroom 1 Bathroom
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)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #405 -180 MARKHAM RD

#405 -180 Markham Rd

Toronto, Ontario

3 Bedroom 2 Bathroom
Flawless Huge 3 Beds 2 Washrooms Condo with breathtaking lake & green leafage viewed balcony At Markham And Eglinton, Very Well Kept In Original Condition & Perfect For large growing Families! Very Convenient With Ttc At Door Steps, Groceries, Doctor's Office , Plazas, School In The Backyard, Gym, new laundry facility, Pool, church, mosqe, etc, etc. Your search ends here for the best place for your family to live and grow. Prestigious R H King Academy is the high school for your loved ones, mins to GO station, Ontario Lake, Bluffers Park, Community Centre, Move in ready and All Yours To Enjoy !!**** EXTRAS **** All Electrical Light Fixtures, Fridge, Stove. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #2303 -8 PARK RD

#2303 -8 Park Rd

Toronto, Ontario

1 Bedroom 1 Bathroom
Rarely offered 1 bedroom 03 layout at legendary Residences of 8 Park Road directly connected to Yonge & Bloor TTC station! Unlimited potential for rental income located in the heart of Yorkville and just 10 minutes walk to UofT. Panoramic unobstructed views of the city will take your breath away, unit shows beautifully! Kitchen, Living and Bedroom have been fully renovated and Kitchen updated with new stainless steel appliances! Maintenance fees include all utilities except cable/internet. You can't beat this price in this neighborhood with this unit. (id:51158)
Homes for sale in Toronto
For sale $419,000
House For Sale in toronto, #203 -71 JONESVILLE CRES

#203 -71 Jonesville Cres

Toronto, Ontario

2 Bedroom 1 Bathroom
Live like the Jones in 71 Jonesville ~ This Beautiful 1-bedroom co-ownership spans 735 sq ft, offers quick access to Eglinton Square Shopping mall approximately a 15-minute walk away & 1 bus to subway station. The apartment has a gourmet equipped kitchen area, outfitted with a full appliance package, a Full 4-pc spa-inspired bath with soaker tub, stone counters/undermount sink & dual flush toilet, Sleep peacefully in your principal-sized bedroom with ample closet space, Large Living/Dining area perfect for entertaining, the L-shaped open Den is currently being used as Dining room steps out onto large south facing open balcony with treetop views. Caffeinate your day at Tims only a few blocks away, other eateries are: WingBurger, Viet Thai Kitchen and Manchu Wok, some restaurant options. Get back to nature and take a stroll through the many parks: Sherwood Park, Charles Sauriol Conservation Area or Taylor Creek Park are all steps away. Be Glee, Sip Tea & See the Trees @ suite #203.**** EXTRAS **** This Is A Co-Ownership, Buyers must Qualify At 80 % Loan Value. 2 Mortgagors are Duca, 1-888--441-9282, And Luminus Financial 416-366-5534 to qualify. (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.