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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..
9 Grant Boulevard Unit# 103
Hamilton, Ontario
Here’s your chance to own a beautifully updated 1-bedroom corner unit co-op in the charming, well-maintained, building located in the highly sought-after University Gardens neighborhood. This bright, spacious corner unit boasts an open-concept layout with bright white walls and stunning vinyl plank flooring throughout. The recently updated galley-style eat-in kitchen is perfect for the chef connoisseur, featuring stainless steel appliances with a stylish gray tile accent wall. The large primary bedroom is filled with natural light, plus large double door closet. Freshly updated 4-piece bathroom adds a touch of luxury. Step outside to the outdoor covered patio to sit and enjoy the beautiful summer days. Front foyer with double closet. Enjoy the convenience of living just steps away from University Plaza, McMaster, conservation areas, parks, schools, and downtown Dundas. This unit comes with one extra wide parking space, a storage locker, Building is wheelchair accessible with an elevator for your convenience. The co-op fees cover property taxes, exterior maintenance, cable, internet, heat, water, parking, and building insurance. Note: Buyer must be approved by the Co-op Board. This is a smoke free, pet free building. (id:51158)
1460 Garth Street Unit# 5
Hamilton, Ontario
Featuring 3 spacious bedrooms and 1.5 baths, this townhome is perfectly situated in a Sought-After West Mountain Neighbourhood, just steps from parks (including one right across the street) and close to shopping, schools & transit, 403 and the Linc. This townhome combines convenience with modern comfort all in one well maintained complex. The main floor features a very functional kitchen with Stainless Steel fridge, stove & built-in dishwasher, an eat-in breakfast bar and ceramic flooring, seamlessly flowing into the dining room area. The patio door from the spacious living room leads to the backyard; a perfect place to unwind. Upstairs, the large primary bedroom provides a peaceful retreat, complemented by two additional bright bedrooms, a 4-piece bathroom, and a handy linen closet for extra storage. The finished basement offers even more living space, with a generous family room, a fully equipped workshop with a sink, and a laundry/utility room. There's also a roughed-in 2-piece bathroom, offering potential for future upgrades. INCLUDED IN MAINTENANCE FEES: Internet, Cable, Water, Parking, Exterior Maintenance and Building Insurance. (id:51158)
90 Charlton Avenue W Unit# 308
Hamilton, Ontario
Welcome to 90 Charlton! A beautiful 563 sq ft 1 Bedroom 1 Bathroom unit in vibrant Durand neighbourhood in downtown Hamilton. Condo amenities include, main floor bike storage, exercise room, party room, board office and locker. Located near St. Joes Hospital, GO station, Locke St, James ST North and much more. This unit offers laminate flooring, central air, and airy and bright floor to ceiling windows facing North and West. Spacious balcony adds a peaceful spot to hangout outside. Come check out with this building and neighbourhood has to offer. Locker 55 Level 1. (id:51158)
8 Dalkeith Avenue
Hamilton, Ontario
All rooms sizes are approx. it's FIRE SALE sold as is and Buyer can do his own diligence before submitting an offer. Must be a Firm Offer (no conditions) Built in 1910 and was 2.5 Stry solid brick 3 Bdrms + loft and 2 Baths. No utilities due to fire and are available. For any information or details pls contact the Listing Agent direct 905-512-5993. (id:51158)
4005 Kilmer Drive Unit# 305
Burlington, Ontario
Discover urban convenience and comfort in this charming 1-bedroom PLUS DEN condo nestled in the sought-after Tansley Gardens. Featuring an inviting open concept layout, the space is flooded with natural light and boasts a private balcony accessible from the kitchen. Enjoy modern amenities including a 4-piece bathroom, convenient in-suite laundry, and ample storage with a separate locker and underground parking. Perfectly situated for a dynamic lifestyle, you're steps away from restaurants, grocery stores, and recreation facilities, with easy access to transit and major highways. Embrace the ideal blend of convenience and style in this vibrant community. (id:51158)
453 Paling Avenue
Hamilton, Ontario
This 3-bedroom home sits on a spacious 50x95 ft lot! Updates include new flooring and a refreshed kitchen. With a convenient side entrance, the basement offers great potential for a future in-law suite or income property. Perfect for first-time buyers or an investor looking to add to their portfolio. (id:51158)
74 Woodman Drive N
Hamilton, Ontario
$40,000 IN SAVINGS WITH AN EXTENDED CLOSING!!! Welcome to 74 Woodman Drive North a newly renovated townhome! The main floor boasts a bright kitchen with brand-new cabinets, quartz countertops, and stainless steel appliances. Enjoy easy living with a separate living room and dining room, all featuring modern wide plank vinyl flooring. Upstairs, you'll find three spacious bedrooms, including a primary bedroom with a full wall closet, plus a refreshed 4-piece bathroom. The unfinished basement offers endless potential for storage or future customization. Outside, enjoy your own private backyard, perfect for relaxing. One exclusive parking spot is included. Located close to all amenities with easy access to highways, public transit, shopping, and schools. Don't miss your chance to own this fantastic property! (id:51158)
78 Woodman Drive N
Hamilton, Ontario
Welcome to 78 Woodman Drive N, a freshly updated townhome! This inviting home features a bright kitchen with brand-new cabinets, quartz countertops, and stainless steel appliances. The main floor offers a separate living and dining room, both with stylish wide plank vinyl flooring for a modern touch. Upstairs, you'll find three comfortable bedrooms, including a spacious primary with a full wall closet, and a beautifully updated 4-piece bathroom. The unfinished basement provides ample storage or future potential. Outside, enjoy your very own private backyard perfect for unwinding after a long day. One exclusive parking spot is included. Conveniently located close to highways, public transit, shopping, and schools. Act quickly this home won't last long! (id:51158)
76 Woodman Drive N
Hamilton, Ontario
$40,000 IN SAVINGS WITH AN EXTENDED CLOSING!!! Discover 76 Woodman Drive North, a beautifully updated townhome offering modern finishes and an extended closing option. The main level features a bright kitchen with new cabinetry, stunning quartz countertops, and stainless steel appliances. Enjoy the comfort of a separate living room and dining room, both adorned with stylish wide plank vinyl flooring. Upstairs, you'll find three well-sized bedrooms, including a primary bedroom with a full wall closet, and a sleek 4-piece bathroom. The unfinished basement provides great storage or potential for further development. Outside, the private backyard offers the perfect spot to unwind. One exclusive parking spot is included. Ideally located with easy access to highways, public transit, shopping, and schools. Dont miss the opportunity to make this updated home yours! (id:51158)
135 James Street S Unit# 614
Hamilton, Ontario
Welcome to the historical Chateau Royale in the heart of downtown Hamilton! This iconic building is just steps away from the Hamilton Go Centre and surrounded by countless restaurants, shops and amenities. Enjoy the convenience and charm that downtown living has to offer! Feel the warmth inside this bright 2 bedroom 2 bath unit that sits at over 1000sqft and features a spacious living and dining area, large windows with custom blinds and an incredible city view! The kitchen gives a great space for entertainers with an open feel and stainless steel appliances. Through the rest of the space you will find the large primary bedroom, featuring a 4 piece ensuite, as well as great sized second bedroom and secondary 4 piece bathroom. Not to mention, this unit comes with an owned parking space and the rare feature to continue use of a second space as well! Unit 614 is one you are not going to want to miss, book your private showing today! (id:51158)
51 Robins Avenue
Hamilton, Ontario
Charming bungalow, perfect for first time buyers. Open concept plan, front porch for those lazy hangout days, a fully finished basement that can be used as a bedroom or family room, back deck and yard for all necessary entertaining. Don't miss out on this fantastic opportunity! Steps away from The Barton Center, all big box stores and the Red Hill Valley Pkwy. (id:51158)
1968 Main Street W Unit# 401
Hamilton, Ontario
Bright, clean and beautifully maintained condo with stunning ravine views in the highly sought after C building at Forest Glen. Spacious living room and dining room feature crown moulding, hardwood floors and overlook the ravine. Updated kitchen cupboards and countertops. Large primary bedroom with walk in closet. Second bedroom currently set up as a TV room/den. Spacious storage room in suite. The building houses a swimming pool, party room, hobby room, craft room and soon e added gym. Contact L.A. regarding special assessment. (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.
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!
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 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.