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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$449,900
House For Sale

416 Limeridge Road E Unit# 109

Hamilton, Ontario

2 Bedrooms2 Bathrooms1173 sqft
Enjoy fabulous views from this spacious 2bd/2ba corner unit located in the beautiful Hamilton Mountain. This main-floor gem offers a beautiful kitchen along with a dining area complete with large windows for ample natural light, a spacious living room that opens onto a large balcony, perfect for peaceful outdoor relaxation. Both generous-sized bedrooms come with their own respective bathrooms and walk-in closets. Additional features include in-suite laundry, a storage locker, an exclusive parking spot, plenty of visitor parking & a long list of amenities including Party Room, Sauna, Exercise Room, etc. Just steps from Limeridge Mall, public transit, major amenities, and with easy access to The Linc, this turn-key property is one you don’t want to miss! This is a well-maintained building where owners take pride in keeping it pristine. Plan a visit, you will not be disappointed! (id:51158)
For SaleOPEN HOUSE$449,900
House For Sale

85 Robinson Street Street Unit# 206

Hamilton, Ontario

2 Bedrooms1 Bathrooms714 sqft
This 1+den condo at City Square is a Durand treasure. Whether you’re looking for a great priced starter home in the heart of Hamilton, or a downsizer with heaps of amenities, where you can lock-up and go, this one's for you. The open concept condo, which is less than 10 years old, has a large kitchen with quartz counters & breakfast bar seating for 4. The kitchen flows into the large living room and the balcony is perfect for enjoying your morning coffee. A large walk-in closet and oversized windows are great additions to the large primary bedroom. The condo is finished off with a large den with sliding door perfect as an office, work out room or extra room for guests along with a modern 4-piece bathroom. This property comes with an owned underground parking space and a private locker for added convenience. Additionally, the geothermal heat pump covers water, heating, and hot water as part of your maintenance fees. Amenities include: 2 gyms, media room, bike storage and a rooftop terrace. (id:51158)
For Sale$349,900
House For Sale

350 Quigley Road Unit# 346

Hamilton, Ontario

2 Bedrooms1 Bathrooms945 sqft
Welcome to condo living at its finest! This stunning 2-storey, 2-bedroom condo is nestled in a meticulously maintained building, offering breathtaking views of the adjacent ravine. Perfectly situated within walking distance to a variety of shops and restaurants, this property is an ideal choice for first-time home buyers and commuters alike. Enjoy easy access to the Redhill for a seamless commute to the QEW, while nearby walking trails invite you to explore the great outdoors. The building’s amenities are plentiful, featuring basketball nets, a community garden, bike storage, a party room, and a children’s playground—making it a perfect environment for families and active lifestyles. With its distinctive exterior walkways and two-level layout, the condo radiates a charming townhome atmosphere that is both inviting and functional. Additional features include one dedicated parking spot & a spacious storage locker. Pet lovers will appreciate the pet-friendly policy, while the beautifully maintained grounds enhance the overall appeal of this community. (id:51158)
For Sale$384,900
House For Sale

17 Albemarle Street

Hamilton, Ontario

3 Bedrooms1 Bathrooms1037 sqft
Spacious 3 bedroom home close to all amenities in Crown Point North and steps to Centre Mall. Modern bathroom, flooring, large fenced backyard with deck and patio. This home features main floor laundry, separate dining room and lots of storage in the basement. Perfect for first time buyer or investor. 24 hours required for all showings. Showings after 4:00 pm Monday – Friday, anytime on weekends. No Representations or Warranties are made of any kind by the Seller. Rental Equipment is unknown. RSA (id:51158)
For Sale$449,900
House For Sale

346 Emerald Street N

Hamilton, Ontario

2 Bedrooms1 Bathrooms801 sqft
Enjoy easy, condo fee free year-round living in Barton Village! Absolutely nothing left to do but move in and enjoy! This all brick semi-detached home was just completely updated and features luxury vinyl flooring throughout. Potlighting throughout the main level. Stunning new kitchen with stainless steel appliances, quartz countertops, and ceramic tile backsplash. Garden door off of the dining area to the private outdoor space. The second level features a huge primary bedroom with a walk-in closet, a second bedroom with closet, and a beautiful 3-piece bathroom boasting vanity with quartz countertop and tiled shower with glass enclosure and glass sliding door. Permit-free street parking right outside your front door. The location offers walking distance to cafes, restaurants, bars, the GO Station, city transit, the future LRT line, Hamilton General Hospital, parks, dog parks, and schools. (id:51158)
For Sale$449,900
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 PROVIDESENOUGH 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$399,900
House For Sale

548 Mary Street

Hamilton, Ontario

2 Bedrooms2 Bathrooms630 sqft
ATTENTION INVESTORS & HANDYMEN!!! Looking for a great investment opportunity or a great value for a home you could call your own. This is the PERFECT opportunity, great location close to Bayfront Park, downtown and HWY access. The project is already started - the home is down to the studs and awaits your vision. Want BIGGER and BETTER, ask about a potential immediate construction opportunity. DO NOT MISS your INVESTMENT opportunity at a great price and in a great location, this does not come along every day! (id:51158)
For Sale$284,900
House For Sale

150 Charlton Avenue E Unit# 303

Hamilton, Ontario

1 Bedrooms1 Bathrooms4891 sqft
Welcome to Unit 303 at the Olympia Building, located in the heart of Hamilton’s vibrant Corktown neighborhood. This charming FULLY FURNISHED 1-bedroom, 1-bathroom condo, just under 500 sq. ft. of well-designed living space, make it the perfect choice for first-time homebuyers or investors. The unit features a spacious balcony, ideal for sipping your morning coffee, growing potted plants, or simply relaxing outdoors. Building amenities include a swimming pool, sauna, squash courts, party room, exercise room, sun deck, and a coin-operated laundry room for added convenience. With a location that’s just steps from the Hamilton GO Station, public transit, and easy access to HWY 403, making an ideal commuting location. Walking distance to downtown, offering a variety of restaurants, shops, and the popular monthly Art Crawl. For nature lovers, Wentworth Stairs and nearby trails provide the perfect opportunity for outdoor recreation and exercise. This turn-key, fully furnished condo offers a fantastic opportunity in a central and sought-after location. Don’t miss out—schedule your showing today! (id:51158)
For Sale$319,900
House For Sale

1950 Main Street W Unit# 204

Hamilton, Ontario

1 Bedrooms1 Bathrooms600 sqft
Welcome to this beautifully updated condo, perfectly situated in one of Hamilton's most desirable neighbourhoods. Just steps away from lush parks, scenic trails, and expansive greens paces, this condo offers a serene retreat in the heart of the city with escarpment views from your balcony. The location is unbeatable, minutes from McMaster Hospital and McMaster University, making it an ideal choice for healthcare professionals or students.The condo has been recently refreshed, featuring new flooring and updated kitchen. The bright and open living space is perfect for relaxing or entertaining, with large windows that let in plenty of natural light.Condo fees include all utilities, cable, parking, building insurance, and exterior maintenance. Don't miss the opportunity to own this move-in-ready gem in Hamilton! (id:51158)
$15,000
House For Sale

3232 Guelph Line

Burlington, Ontario

4 Bedrooms4 Bathrooms
Discover unparalleled luxury in this stunning custom-built 4-bedroom home, perfectly situated in the tranquil countryside of Burlington. The elegant curb appeal boasts a natural stone and stucco exterior, enhanced by thoughtfully designed light fixtures. As you enter through the double front doors, you're welcomed by an airy foyer with dramatic ceilings, a striking wrought iron staircase, and a dazzling chandelier, setting the tone for this exceptional residence. The foyer seamlessly transitions into the grand dining room, featuring an eye-catching ceiling, accent wall, and statement chandelier ideal for hosting sophisticated gatherings. The spacious living/great room offers a cozy atmosphere for both intimate gatherings and relaxation, highlighted by an onyx stone gas fireplace and expansive windows that frame picturesque backyard views. The chef-inspired kitchen is a design marvel, complete with piano-finish cabinetry, porcelain countertops, and premium Thermador appliances. Adjacent, you'll find a chic lounge area with a stunning chandelier and a sunroom perfect for enjoying serene, panoramic views. Step outside through the large patio doors to a private backyard oasis that backs onto a Greenbelt conservation area, offering mature trees, a covered patio, and ample space for both entertaining and quiet retreat.The finished walk-out basement provides versatile living space, ideal for an in-law suite or hosting, featuring a spacious master ensuite and a convenient kitchenette. This one-of-a-kind custom-built home offers the perfect blend of luxury rural living and city convenience, all while being close to major amenities. Don't miss your chance to experience this extraordinary property! (id:51158)
For Sale$379,900
House For Sale

36 James Street S Unit# 1105

Hamilton, Ontario

1 Bedrooms1 Bathrooms565 sqft
Located in the heart of the city in Hamilton's first sky scraper, the Pigott building is a piece of Hamilton history. Gothic style and Art Deco features in the foyer are sure to impress! This one bedroom corner unit located on the 11th floor offers unobstructed views of the South and West of the city. Recent kitchen renovation (approx. 5 years) include Ikea cabinetry with ambient remote control back lighting, stone counters, stainless fridge, stove, dishwasher, and range hood. The wall was half removed to open the kitchen sight lines to the living room and dining room. Hardwood floor throughout. Pot lights and surround sound in the main living area have been added all with wireless controls. Great entertainment set up with flat screen TV and stereo system. Ample closet space, in-suite laundry and owned hot water heater for added convenience. Art Gallery, First Ontario Concert Hall, First Ontario Centre, Farmer's Market, Library, Hamilton GO, James North restaurants and so much more all a short walk. (id:51158)
For Sale$384,900
House For Sale

350 Quigley Road Unit# 625

Hamilton, Ontario

3 Bedrooms1 Bathrooms1088 sqft
Do you love Condo living, yet you’ve been dreaming of having your own 2-Storey home?! Well, We've managed to combine your WANTS together with your NEEDS in ONE PLACE!! Unit 625 at 350 Quigley Road; One of a kind living experience where you can enjoy your Beautiful 3-Bedroom Townhome inside a Uniquely Designed High-Rise Building in an Amazing East Hamilton Location for a Very Affordable Price!! Start every morning with the Breathtaking Views of the Escarpment and Lake Ontario right from your Private Large Balcony and the Oversized Windows of Your Spacious Master Bedroom! Open Concept Living/Dining Layout and a Decent Size Kitchen with Like-New Stainless Steel Fridge, Stove, and Dishwasher.. A Spacious Walk-in Pantry for all your storage needs! Lots of Upgrades; New Appliances, New Windows, New Patio Door, and New Bathroom Fixtures.. Each Unit has One Designated Underground Parking Spot and One Large Storage Locker.. In-suite Stacked Stainless Steel Washer & Dryer for your Convenience..! Lots of Amenities included; Party Room, Community Garden, Basketball Court, and Kids Playground. A Pet Friendly Building conveniently located close to schools, parks, shopping, and minutes to RedHill Valley Parkway and QEW. Book your Private Showing today to explore an Amazing Living Experience waiting for you and your Family! (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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