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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$315,000
House For Sale

52 Stapleton Avenue N

Hamilton, Ontario

2 Bedrooms1 Bathrooms976 sqft
Attention investors, flippers, and handy homeowners! This 2 bedroom, 1 bathroom home has endless potential. Nestled in a quiet neighborhood, this property sits on a large 25 ft x 114 ft lot, offering plenty of space to reimagine and transform. Featuring a private driveway. This home offers great highway access and is close to transit, shopping, restaurants, and more. Whether you're looking to flip, rent, or create your dream home, this is a fantastic opportunity. Bring your tools and creativity! Don't miss this chance to turn this diamond in the rough into a stunning home! (id:51158)
For Sale$439,900
House For Sale

25 Britten Close Unit# A11

Hamilton, Ontario

4 Bedrooms2 Bathrooms1259 sqft
Quiet W. Mtn location. Close to schools & buses as well as highways and amenities. END UNIT Affordable 1260 sf townhome. 4 bedrooms, 1.5baths (powder rm & 4 pc), single driveway + no rear neighbours. Spacious living/dining room combo with GAS FIREPLACE THAT PROVIDES ENOUGH HEAT FOR THE WHOLE HOUSE. Eat-in kitchen. Shed with electricity in good sized backyard. The new fence at the side of the house will be completed by building management along with renovations done. Some cosmetic work needed. Reflected in the price. Great value. Owner has not lived in the property so all appliances to be sold in as is Condition. 48 hours irr. RSA. Attach sched B Deposit must be certified. (id:51158)
For Sale$478,900
House For Sale

24 Keith Street

Hamilton, Ontario

3 Bedrooms2 Bathrooms1304 sqft
Welcome To This Luxury, Fully-Renovated 3+1 Bedroom Home In Hamilton! Located In The Up-And-Coming North End Neighborhood, This Home Has So Much To Offer! Perfect For First-Time Buyers. Stunning Top-To-Bottom Finishes Throughout! Custom Kitchen With Modern White Cabinetry, Quartz Counters, Stainless Steel Appliances, And An Eye-Catching Backsplash! Beautiful Eat-In Kitchen With Ample Pantry Space AndA Large Window That Floods The Room With Natural Light. Modern Vinyl Floors Throughout. High Ceilings On The Main Floor And In The Dining Room. Finished Basement With A Den/Recreation Area! Large Fenced-In Backyard. Dont Miss Out, Come See It Before Its Gone! **EXTRAS** Minutes Away From Amenities, QEW, Schools, Public Transit, Parks, Library, Recreation Centres, Restaurants, Shopping & More! (id:51158)
For SaleOPEN HOUSE$499,000
House For Sale

66 Summercrest Drive Unit# 3

Hamilton, Ontario

3 Bedrooms2 Bathrooms1175 sqft
This beautifully renovated 3-bedroom, 2-bathroom home is located in a sought-after, family-friendly neighborhood and is move-in ready! Step inside to a bright and welcoming foyer with elegant wainscoting. The spacious living room features pot lights and built-in accents, creating the perfect ambiance for relaxation or entertaining. The gourmet kitchen is a chef’s dream, complete with sleek granite countertops, a stylish backsplash, and top-of-the-line appliances including a gas stove. The main bathroom is a luxurious 5-piece retreat with double sinks, a soaker tub, and a walk-in shower, all beautifully tiled. Nearly everything in this home has been updated in the last 5 years with high-quality materials and workmanship, including the kitchen, two full bathrooms, flooring throughout, electrical panel, some windows and exterior doors, heat pumps, and an owned hot water tank. Freshly painted as well, this home offers modern comfort and style and is ready for you to move in without having to do anything but enjoy! The private fenced in backyard backs onto a serene parkette, providing a peaceful escape right at your doorstep. Enjoy walking trails, parks, nearby highways, and top-rated schools, all within close proximity. Plus, with low maintenance fees of just $373/month, which include water, lawn care, and upkeep of major components like the roof, windows, doors, and garage door, you can enjoy peace of mind for years to come. Don’t miss this great opportunity to make this your home. Schedule a showing today and see the value for yourself! (id:51158)
For Sale$449,000
House For Sale

120 Duke Street Unit# 1204

Hamilton, Ontario

2 Bedrooms2 Bathrooms1005 sqft
Situated in the prestigious Durand building, this spacious two-bedroom condo combines ample living space with sought-after amenities in a prime neighborhood. The entrance welcomes you with a large foyer, featuring a convenient two-piece washroom and abundant closet space. The open-concept living and dining area is bathed in natural light, creating a warm and inviting environment. Enjoy breathtaking, unobstructed views from every window. Both bedrooms are generously sized and south-facing, ensuring an abundance of sunlight throughout the day. Additional perks include in-suite laundry for added convenience. The building offers a variety of amenities such as underground parking (one assigned space #25), a pool, hot tub, sauna, gym, party room, outdoor patio and BBQ area. (id:51158)
For SaleOPEN HOUSE$499,999
House For Sale

910 Limeridge Road E Unit# 7

Hamilton, Ontario

4 Bedrooms2 Bathrooms1424 sqft
This FULLY RENOVATED HOME features a BRAND-NEW KITCHEN, TWO FULL BATHROOMS, AND A FINISHED BASEMENT, offering stylish and functional living spaces. No expense was spared in the upgrades, including a NEW ELECTRIC PANEL, REWIRED FIXTURES, AND PLUMBING UPGRADES for added efficiency and peace of mind. The FURNACE AND A/C ARE NEWER, and the HOT WATER TANK IS OWNED, ensuring hassle-free ownership. Designed with an OPEN-CONCEPT LAYOUT, this home offers a bright, inviting atmosphere perfect for entertaining or everyday living. Located in a HIGHLY DESIRABLE AREA, this move-in-ready property is perfect for buyers looking for MODERN UPGRADES WITHOUT THE RENOVATION HASSLE. (id:51158)
For Sale$479,900
House For Sale

69 Vansitmart Avenue

Hamilton, Ontario

3 Bedrooms2 Bathrooms938 sqft
This 3-bedroom, 2-bathroom detached home is the perfect opportunity to create your dream space. Whether you’re a homeowner looking for a project or an investor seeking great potential, this property has so much to offer. The home features a fully finished in-law suite with a separate entrance and separate laundry, providing excellent income potential or multi-generational living options. The private driveway fits two cars, adding to the home’s convenience. Outside, the spacious backyard is ready for you to transform into your own outdoor retreat. Located in a desirable Hamilton East neighborhood, this property is close to parks, schools, shopping, and transit. Don’t miss out—book your private showing today! (id:51158)
For Sale$324,990
House For Sale

15 Albright Road Unit# 707

Hamilton, Ontario

2 Bedrooms1 Bathrooms736 sqft
Perfect for first-time buyers, downsizers, or investors! This 2-bedroom, 1-bathroom condo offers a spacious open-concept layout, a modern kitchen with an island & bar seating, and a private balcony to enjoy your morning coffee. Condo fees include heat and water! Enjoy top-tier amenities, including an in-ground pool, fitness centre, sauna, playground, and a party room for entertaining. Located in a safe building with 100+ security cameras, this unit is just steps from schools, shopping, Rec centres, and daily essentials. Commuters will love the quick access to the 403, Linc, and public transit. Includes one parking spot & a locker for extra storage. A fantastic opportunity! (id:51158)
For Sale$449,900
House For Sale

4015 Kilmer Drive Unit# 308

Burlington, Ontario

2 Bedrooms1 Bathrooms719 sqft
1 Bedroom + Den condo situated in the desirable Tansley Woods neighbourhood! Enjoy the convenience of in-suite laundry, parking for one vehicle, a storage locker and an additional storage closet off the balcony. Featuring a fantastic open-concept floor plan, tasteful flooring, and light tones throughout. The kitchen is finished with ample cupboard space, an updated backsplash, and a peninsula with seating. The spacious living area features a functional design, ideal for comfortable everyday living and entertaining. Enjoy a large covered balcony, perfect for relaxing outdoors! The bedroom is freshly painted and bright, and features a double closet. The den is a major bonus, offering flexibility as a home office, hobby room, kids’ play area, and more. A tasteful 4-piece bathroom completes this lovely condo. Located in the excellent, walkable community of Tansley Gardens near all amenities, including grocery stores, schools, great restaurants, shops, parks such as Tansley Woods Park, and the Tansley Woods Community Centre with a library and pool. Within a short drive, you'll find the scenic Escarpment with renowned golf courses and trails, as well as easy access to highways 5, 407, the QEW, and public transportation, including the Burlington and Appleby GO stations. Move-in ready, your next home awaits! (id:51158)
For SaleOPEN HOUSE$399,999
House For Sale

150 Albany Avenue

Hamilton, Ontario

3 Bedrooms1 Bathrooms1312 sqft
This charming 3- bed, 1-bath bungalow in the desirable east end of Hamilton is the perfect starter home or ideal for those looking to downsize. With its cozy layout and great location, it offers a fantastic opportunity to enter the housing market or enjoy a more manageable living space in a vibrant community. Don't miss out on this gem! (id:51158)
For SaleOPEN HOUSE$499,000
House For Sale

430 Pearl Street Unit# 205

Burlington, Ontario

2 Bedrooms2 Bathrooms795 sqft
Stunning condo in the heart of Downtown Burlington with this beautifully renovated 1+1 bed, 1 bath unit. The spacious open concept layout boasts stunning upgrades at every turn. A custom kitchen awaits, showcasing two-tone cabinetry with elegant gold hardware, complemented by an island with seating, quartz countertops, a stylish backsplash, and Kitchenaid appliances. Engineered hardwood floors and recessed pot lighting extend throughout, creating a seamless flow from the inviting living room to the spacious dining area. Perfect for modern, open-concept living. Stunning bathroom with quartz countertop, custom frameless glass shower with beautiful tile, and stand alone soaker tub. Rooftop patio with bbq and great views of Downtown. Walking distance to every amenity you could ever need, restaurants, Lake Ontario, public transit and Spencer Smith Park. Condo fees include all utilities. Enjoy a cozy living space with a unique urban perspective, featuring partial views of the surrounding area. The window setting provides a blend of privacy and natural light, complemented by the charm of nearby architectural and landscaping details. (id:51158)
For Sale$419,900
House For Sale

217 Fairfield Avenue

Hamilton, Ontario

2 Bedrooms1 Bathrooms1049 sqft
Super cute and affordable! This 2-bedroom, storey-and-a-half home awaits its next loving owners! Laminate flooring throughout the living room and dining room. South facing windows allow loads of natural light into the generous sized dining room. The washer and dryer are conveniently located in the kitchen to allow your inner multi-tasker to flourish! A 4-piece bathroom rounds out the main floor and upstairs, you'll find the 2 bedrooms. This home is larger than it looks at 1,049 square feet. It also features 2 sheds, including 1 with hydro. A great home for first time buyers, downsizers or even investors! Come see! (id:51158)

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.

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