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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$499,700
House For Sale

17 Craigroyston Road

Hamilton, Ontario

1 Bedrooms1 Bathrooms752 sqft
High basement with separate entrance. Was 2 bedroom & could easily be converted back. Garage has hydro. Breaker panel in house. Roomy bungalow on quiet street near traffic circle. Relaxing front porch. Private rear yard. Groceries, shopping, park, schools & public transit all nearby. Quick access to QEW for Toronto or Niagara. Ideal home for 1st time buyers or investors. Easy to view! (id:51158)
For Sale$429,900
House For Sale

427 Aberdeen Avenue Unit# 304

Hamilton, Ontario

2 Bedrooms1 Bathrooms820 sqft
Beautiful, light filled open 1 bedroom plus den condo with gorgeous panoramic views to the City through wall to wall windows. Terrific south-west location close to St. Joe's hospital, 403, McMaster and Chedoke Golf Course. Steps to Bruce trail and trendy Locke St with shops and restaurants. Unit is approx 820 SF with insuite laundry, granite c/tops, and breakfast bar. Parking spot (6) and storage locker (18) included. Large rooftop terrace for entertaining and relaxing. Status certificate available and all info (condo fees and inclusions,etc) to be confirmed by status certificate. (id:51158)
For Sale$474,900
House For Sale

68 East 35th Street

Hamilton, Ontario

2 Bedrooms1 Bathrooms625 sqft
Welcome to this delightful 2-bedroom, 1-bathroom bungalow situated on the highly sought-after Hamilton Mountain. Perfect for first-time homebuyers or those looking to downsize, this home offers cozy charm with a modern touch. Step inside to discover the care and attention that has been poured into this property. Recent updates include a replaced beam under the house and 30 brand-new floor joists, complete with added insulation, subfloor, and sleek new flooring throughout. The fresh coat of paint creates a bright and inviting atmosphere, while new light fixtures add a contemporary flair. The kitchen features a new dishwasher, making meal prep and cleanup a breeze. In the bathroom, enjoy the new bath surround, fittings, shower head, and updated vanity with fresh plumbing. The laundry room has also been revamped with re-done plumbing and a new window for added natural light. A newly installed back door completes the list of thoughtful upgrades. The outdoor space is just as impressive, with a generously sized backyard perfect for entertaining, gardening, or relaxing. The property also boasts a 2-car driveway for convenient off-street parking. This bungalow is truly move-in ready, blending classic charm with essential modern updates. Don’t miss your chance to make this wonderful home yours! (id:51158)
For Sale$399,000
House For Sale

15 Albright Road Unit# 1

Hamilton, Ontario

3 Bedrooms2 Bathrooms1188 sqft
Welcome to this beautifully updated two-storey condo, located in the highly sought after Sir Wilfred Laurier Estates. This home has been meticulously upgraded, offering a modern and stylish living space perfect for today's lifestyle, complete with its own in unit storage locker. Although this unit is 2 storeys it does boast a main floor Bedroom, convenient for guests or persons with mobility issues. Enjoy the convenience of a range of amenities, including a refreshing underground pool, a well-equipped party room, and a fully stocked gym. Whether you're looking to relax, entertain, or stay active, everything you need is right at your fingertips. Start your day with a peaceful cup of coffee on the second level balcony, offering serene views to set the tone for your morning. The main floor features an exclusive private yard, ideal for hosting BBQs or relaxing in your own outdoor oasis. With the perfect combination of indoor and outdoor living, this updated condo offers comfort, convenience, and a vibrant community, making it an ideal place to call home. Don't miss your chance to experience all that this exceptional property has to offer! (id:51158)
For Sale$464,990
House For Sale

460 Dundas Street E Unit# 422

Hamilton, Ontario

2 Bedrooms1 Bathrooms715 sqft
This bright and brand new 715 sq ft, 1-bedroom + den condo is located on the fourth floor and is the perfect blend of comfort and style. Large windows and 9-foot ceilings fill the space with natural light, creating an airy, open atmosphere. Neutral colours and sleek, modern design, including stainless steel appliances and a breakfast bar, offer a versatile and inviting space. Enjoy the convenience of in-suite laundry with a spacious walk-in laundry room, plus an energy efficient geothermal heating and cooling system to keep utility bills low year-round. The open balcony provides a peaceful view of surrounding greenspace, while one underground parking space and a large storage locker add extra value. Building amenities include a community terrace with a barbeque, a gym, a party room, bike storage and an elevator. Located in picturesque Waterdown, the condo offers peace and tranquility while being just a minute from shopping, dining, and parks. (id:51158)
For Sale$425,000
House For Sale

112 King Street E Unit# 1003

Hamilton, Ontario

1 Bedrooms1 Bathrooms618 sqft
Welcome to the Iconic Residences of Royal Connaught. This historic hotel located in the heart of downtown Hamilton has been converted into luxury condo units while meticulously maintaining its original character and stunning architecture. Marvel at the spectacular lobby with huge arched windows, polished marble floors, massive chandeliers, ornate pillars & moldings of a bygone era restored to their original glory of the roaring 1920’s. Step inside this stunning 618 sqft condo on the 10th floor that is sparkling clean and freshly painted featuring dark plank flooring, floor to ceiling windows and juliette balcony with stunning ornate grates and panoramic views of the city and waterfront. The unit features 1 bedroom with a walk-in closet, a sleek 4-piece bath, in-suite laundry, spacious kitchen with stainless steel appliances and granite countertops and an open living area that is much bigger than it looks. The unit includes a storage locker which is on the same level and an underground parking space. Fabulous building amenities include a gym, theater room, party room, outdoor terrace, with bbq’s, fireplace & lounge areas + 24-hour security. Grab a coffee from Starbucks on the street level or walk over to restaurant row on King William St for dinner, or shop trendy James St N, the Market, hop on GoTransit + just minutes to all area hospitals, McMaster University & the 403, making this location perfect for anyone looking to enjoy convenient condo living in the core. RSA (id:51158)
For Sale$489,900
House For Sale

208 East Avenue N

Hamilton, Ontario

3 Bedrooms2 Bathrooms1183 sqft
Welcome to 208 East Ave North, a charming duplex located in the heart of Hamilton, Ontario! This spacious property offers two units, perfect for investors or homeowners looking to live in one and rent out the other. Each unit features bright, open-concept living spaces, with large windows that allow natural light to fill the rooms. The lower units both boast 2 bedrooms, full kitchen. With separate entrances this property provides privacy and convenience for both tenants and owners. Situated just minutes from schools, Hamilton General Hospital, public transit, parks, and the vibrant downtown Hamilton scene, this is an ideal location for anyone looking to enjoy the best of city living. Don’t miss out on this fantastic opportunity to own a duplex in a growing neighbourhood! (id:51158)
For Sale$448,900
House For Sale

75 Queen Street Unit# 1804

Hamilton, Ontario

3 Bedrooms2 Bathrooms1280 sqft
Experience unmatched city living in this rare corner-unit condo located in the heart of the vibrant Strathcona neighbourhood. This spacious 1300 sqft 3-bedroom, 2-bathroom home offers breathtaking panoramic views of the city skyline, the Escarpment, and Burlington Bay—views that truly need to be seen to be believed! Perfectly situated, you’ll enjoy being just minutes from everything Hamilton and Burlington have to offer, including James Street’s trendy shops and restaurants, the West Harbour GO Station, highway access, and so much more. As one of the building's coveted corner units, this home provides an abundance of natural light and an expansive layout designed for comfort and style. The building boasts an impressive array of top-notch amenities, including an indoor pool and hot tub, his-and-hers gyms with saunas, green space, a tennis court, car wash, workshop, underground parking, on-site security, and ample visitor parking. Additionally, the building is undergoing an exciting exterior makeover, giving it a fresh and modern look. Rarely do large 3-bedroom corner units like this come to market. Don’t miss this exceptional opportunity to combine space, convenience, and luxury living! (id:51158)
For SaleOPEN HOUSE$489,900
House For Sale

2040 Cleaver Avenue Unit# 310

Burlington, Ontario

2 Bedrooms1 Bathrooms650 sqft
Welcome to 2040 Cleaver Ave Unit 310. A corner unit within the popular Forest Chase Complex. This property is conveniently located close to numerous amenities. Walk to shopping, restaurants, schools, parks and public transit. 1 Underground parking spot and 1 locker. This unit has laminate flooring thought out and neutral decor, and in suite full size stacked laundry. The private outdoor balcony is equipped with a BBQ too! This is a great opportunity for a new first time home buyer, or someone who is looking to downsize to condo living! Don't miss this opportunity to live in a forest like setting in North Burlington. (id:51158)
For Sale$485,900
House For Sale

112 King Street E Unit# 1104

Hamilton, Ontario

2 Bedrooms1 Bathrooms739 sqft
Luxurious Condo Living at The Royal Connaught – 112 King St E, Unit 1104 Discover upscale living in this stunning 1-bedroom + den condominium located in the historic Royal Connaught, a beautifully renovated 13-storey gem in the heart of downtown Hamilton. This elegant residence offers breathtaking panoramic views of the city skyline and Lake Ontario, perfectly positioned between the Niagara Escarpment and the Waterfront Trail. With convenient access to the 403 and just a short stroll to the Art Deco-inspired GO Station, commuting to and from Toronto’s Union Station is a breeze. Live at the center of it all! You’ll be steps from Hamilton’s cultural hotspots like the First Ontario Place, and Jackson Square Shopping Mall. The neighborhood also includes the Hamilton Farmers’ Market and professional AHL hockey at First Ontario Centre. For healthcare professionals or students, local hospitals and McMaster University are easily accessible via the main transit route. This unit comes with one locker and one parking spot. Explore the video tour and photos to envision your new home. Status certificate available upon request. Don’t miss this opportunity to enjoy the best of luxury and location in downtown Hamilton! (id:51158)
For Sale$499,900
House For Sale

99 Beland Avenue N

Hamilton, Ontario

2 Bedrooms1 Bathrooms710 sqft
Welcome to 99 Beland Ave. Located in the desirable McQuesten neighborhood of Hamilton's east end, with easy access to the Red Valley Parkway, QEW, LINC, Highway 403 and close proximity to local transit, shopping schools and various amenities, this property is ideally located for convenience. This quaint detached home offers a bright living room, eat in kitchen & 2 bedrooms all with new hardwood flooring. The newly renovated 4pc bathroom and back hallway has heated floors. This homes unfinished basement with laundry is awaiting your final touches. The house has a new front door, side door (on order), metal roof, a front porch & private parking for 2 vehicles. Walk out to the fully fenced yard complete with stone patio, gazebo (as-is) , large garden shed with metal roof & multiple raised garden beds. Don't miss this great opportunity to own a freehold detached home! (id:51158)
For Sale$399,900
House For Sale

81 Robinson Street Unit# 703

Hamilton, Ontario

1 Bedrooms1 Bathrooms522 sqft
Stunning one bedroom condo located in Hamilton's sought after historic Durand Neighborhood! City Square Condos offers the best of both worlds in terms of location. Enjoy the peace of living on a quiet street with the hustle and bustle of the downtown core within walking distance. A wealth of local coffee shops, restaurants, and shopping options are all located within the immediate area. West Harbor GO Station and Hamilton GO Centre are both just minutes from the building. This beautifully updated unit is perfect for young professionals and families looking to lay down their roots in Hamilton. The kitchen boasts gorgeous countertops, a large breakfast bar, and stainless steel appliances including a dishwasher. The spacious living room combined with the private balcony make this space ideal for both unwinding and entertaining. Benefits of the unit include the convenience of in-suite laundry and the comfort of central air conditioning. The four piece bathroom features a beautifully tiled shower and a sleek vanity. Building amenities include two fitness centers, a party room, and a luxurious outdoor terrace. One underground parking space and one storage locker are included with the unit. Don't miss out on this incredible opportunity to live in one of Hamilton's very best condo buildings! (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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