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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
$499,000
4040 UPPER MIDDLE ROAD Road Unit# 104, burlington, Ontario

4040 Upper Middle Road Road Unit# 104

Burlington, Ontario

Attention empty nesters, commuters, first time home buyers, investors and executives, RARE OFFERING! THIS luxurious 1 bedroom PLUS Den BOASTS OWNERSHIP of TWO, yes 2 Parking Spots! This Fresh and Fabulous Condo is Ready for YOU in the New, Modern & stylish Park City Condo development! South facing Unit with Soaring 10' Ceilings! Lots Of Natural Light/Oversized windows/Walk Out To Extra Large 110 SF Terrace.Located On The First Floor overlooking the QUIET front of the building. It has been Immaculately maintained by its original owner and professionally painted throughout (2024). Kitchen has Tall upper cabinets/Stainless Steel appliances/slide in stove/backsplash & granite counters. Breakfast bar seating for 3 and Open Concept Living Room/Dining room is intimate for quiet evenings yet flows beautifully for entertaining. A Bright and Spacious primary bedroom w 4 piece ensuite bath (Soaker tub and Shower) provides Ensuite privileges to DEN (possible 2nd bedroom). Stacked Whirlpool Washer/Dryer too. One locker come with this unit and TWO parking spots. Owner paid an extra $35000 in purchase price! No parking at the plaza or waking early to move your car. Maintenance fees a little higher to cover the 2=better than renting one. You Still Only pay Hydro and Internet. The Park City building provides residents with a Dining/Meeting room with kitchen. Lounge in the Lobby, guest parking, recycling program and plans for much more with regard to amenities. Don't miss this gem! Tansley Woods Community Centre, TIM Hortons/Groceries/Services/Great local restaurants/walking trails and parks. Close to the Millcroft Golf Club/Schools/Public Transit and Easy Access to QEW and 403. GO train is conveniently located nearby. RECAP of EXTRAS that makes #104 SPECIAL: Two Parking spaces. 10 ceilings, Main Floor Unit, Quiet Southern Exposure, 100 SF Terrace, Professionally Painted, Celings fans. STATUS CERTIFICATE ORDERED. CLOSE AS FAST AS YOUR LAWYER CAN DO THE PAPERWORK. (id:51158)

1 Bedroom 1 Bathroom 653
For sale
$499,900
#1707 -265 ENFIELD PL, mississauga, Ontario

#1707 -265 Enfield Pl

Mississauga, Ontario

Aggressively priced for attention.A must check out with all the renovation and details of perfection.One of the best location for the owners who want to be in the middle of almost everything within walking distance like Sq one Mall , Celebration Sq, Banks Walmart Future LRT etc etc.Freshly painted elegant and bright unit with view from every room and Solarium. An affordable maintenance fee including heat, hydro, water, CAC and all maintenance which is rare in Mississauga condos. **** EXTRAS **** Fridge,Stove,B/I Dishwasher,Clothes Washer and Dryer (id:51158)

3 Bedroom 2 Bathroom
For sale
$199,000
#3 -2963 ARGENTIA RD, mississauga, Ontario
Restaurant

#3 -2963 Argentia Rd

Mississauga, Ontario

Excellent Franchised Mucho Burrito Business in Mississauga is For Sale. Located at the busy intersection of Winston Churchill Blvd/Argentia Rd. Surrounded by Fully Residential Neighbourhood, Walking distance to Major Big Box Stores, School, Highways and more. Excellent Business with Great Weekly Sales, Long Lease and lots of opportunity for growth. Weekly Sales: Around $6000 - $8000/, Rent: $6881.03/m including HST & TMI, Lease: Existing until 2029 + option to renew, Royalty: 6%, Advertising: 4%, Store Area: Approx. 1540sqft, (id:51158)

1540 sqft
For sale
$399,000
#KIOSK 1 -1700 WILSON AVE, toronto, Ontario
Retail and Wholesale

#kiosk 1 -1700 Wilson Ave

Toronto, Ontario

Very busy Lotto Kiosk In The Center Of Sheridan Mall. Very Good Location Suitable For Family Business With Great Potential To Increase Income, Lotto Commission $164,000/year of 2023, very low Rent $1,950/M Including Tmi And Utilities. Cigarettes, Candies, Drink Sales income $500 monthly. new Lease until 2029, very Famous Franchise. No experience needed, the seller will train. must see. (id:51158)

180 sqft
For sale Open House
$498,800
#233 -161 ROEHAMPTON AVE, toronto, Ontario

#233 -161 Roehampton Ave

Toronto, Ontario

Investors/First Time Buyers. Mid Town Community - The Heart Of Yonge And Eglinton. Open Concept Unit With Soaring 10-Foot Ceilings, Boasting Floor To Ceiling Windows For Natural Sunlight. Beautiful Modern Kitchen With Built-In Appliances, Quartz Countertops And Glass Backsplash. Large Bedroom With Floor To Ceiling Windows And Closet. Huge Balcony Perfect For Patio Furniture And Entertaining. This Building Offers Exceptional Resort Style Amenities: 24 H Concierge, Fitness Center, Rooftop Infinity Outdoor Pool With Cabanas, BBQ's, Fire Pit, Sauna, Hot Tub, Steam Room And Hot Stone Bed. Yoga Studio, Sports Lounge With Golf Simulator, Pool Table, Poker Room, Party Room, Dog Wash Station, Guest Suites, Business Centre. Quick Walk To Eglinton Subway, Transit, Shops, Restaurants Cafes And All Amenities. **** EXTRAS **** Walk Score 98. Transit Score 90. Bike Score 70. Includes Storage Locker (id:51158)

1 Bedroom 1 Bathroom
For sale
$499,000
#1105 -33 LOMBARD ST, toronto, Ontario

#1105 -33 Lombard St

Toronto, Ontario

Junior 1 Br Suite At The Spire in Financial District! Just Renovated W/ New floor, New Fridge & NewPaint. 9Ft Ceilings, Floor To Ceiling Windows, Open Concept Kitchen, Large Balcony, SpaciousBalcony With Unobstructed City Views! Minutes To Financial District, St LawrenceMarket,Subway/Ttc/Path System. Excellent Layout With No Wasted Space! **** EXTRAS **** Fridge, Stove, Built-In Dishwasher, Washer & Dryer (id:51158)

1 Bedroom 1 Bathroom
For sale
$269,999
2891 DERRY RD E, mississauga, Ontario

2891 Derry Rd E

Mississauga, Ontario

Great opportunity to purchase a well-established turnkey Health & Wellness Clinic situated in a primearea close to the 401/427, Airport, and neighbouring both Mississauga/Etobicoke/Brampton. Ideal for all health care practitioners and individuals looking for their own practice as well as investors who want abusiness they can with ease. Current services include Physiotherapy, Massage, Chiropractor, Acupuncture,Naturopathy, Pedorthist, Med. equipment sales. **** EXTRAS **** Transferable extended lease of $3390/month (3k+HST), Very Low Rent Plus Utilities, All The ClinicEquipment included as per listing of Chattels. Will be sale of assets along with existing clients list over 4500 clients+. (id:51158)

2200 sqft
For rent
$16,000 Monthly
#120 -70 UNIVERSITY AVE, toronto, Ontario

#120 -70 University Ave

Toronto, Ontario

Positioned in the bustling University district of downtown Toronto, this premier medical suite presents a strategic opportunity for healthcare professionals looking to establish or expand their practice in a high-traffic, urban area. This exceptional space is part of a well-established medical group and comes fully equipped with six modern, state-of-the-art medical rooms. Designed to accommodate a wide spectrum of medical specialties and the location offers unparalleled access to a broad patient base and enhances visibility in a competitive market.This opportunity is ideal for dedicated healthcare practitioners focused on delivering high-quality care in a dynamic and supportive environment. *This is an overhead agreement opportunity, contact the listing agent for more details* **** EXTRAS **** WiFi and internet service, water, heat, hydro, basic daily janitorial cleaning, phone service. See Schedule for full list. (id:51158)

700 sqft
For sale
$249,990
5213 YONGE ST, toronto, Ontario
Restaurant

5213 Yonge St

Toronto, Ontario

Attention!! First Time On The Market!!Fantastic Opportunity To Have Your Own Restaurant Business InPrime Yonge/Finch Location In North York! Fully Equipped Kitchen. Lots Of Take Out And Dine InCustomers. Liquor License. Large Basement For Storage Purposes. Turn Key Operation. **** EXTRAS **** All Existing Chattels & Equipment Are Included In The Sale Price. To Be Sold In ""As Is"" Condition.Current Rent $9,741.07 Include Net Rent, TMI & HST. Lease Remain 1.5 Years +5 Years Option To Renew. (id:51158)

2 Bathroom 1217 sqft
For sale
$499,900
#606 -50 GULLIVER RD, toronto, Ontario

#606 -50 Gulliver Rd

Toronto, Ontario

Spacious 1 bedroom condo boasting over 700 sq feet of living space. This stunning unit features a full kitchen, a balcony with clear views, and multiple closets for ample storage. Enjoy the convenience of living close to transit, parks, schools, shops, dining, and more. Ideal for those seeking a comfortable and well-connected lifestyle. **** EXTRAS **** Offers anytime! (id:51158)

1 Bedroom 1 Bathroom
For sale
$369,999
#B05 -2020 APPLEBY LINE, burlington, Ontario
Service

#b05 -2020 Appleby Line

Burlington, Ontario

Rare Opportunity to purchase & running and Profitable Math Tutoring Business With a long history of success, sustainable growth and excellent reputation! Bonuses: No initial franchise fee for this location! First right of refusal for second location in Burlington! Option to renew the lease term. **** EXTRAS **** Furniture & equipment all included! Please don't approach the staff directly, contact Listing Agent fordetails & showings (id:51158)

949 sqft
For sale
$400,000
#707 -541 BLACKTHORN AVE, toronto, Ontario

#707 -541 Blackthorn Ave

Toronto, Ontario

Welcome to your new home at Blackthorn Manor! Come enjoy this freshly updated 1-bedroom, 1-bathroom and seize the increasingly rare opportunity to own where your low maintenance fees include ALL utilities! Savour the perfect blend of comfort and convenience, nestled just a stone's throw away from the future Eglinton Crosstown LRT Caledonia Station. Bask in the natural light that floods the bright and spacious living and dining rooms, ideal for those who love to chase the sun. Let's not forget the generous balcony with its stunning views of the city skyline and the iconic CN Tower - your private oasis in the heart of the city. A superbly organized kitchen featuring quartz countertops, ceramic backsplash, ample storage, a double undermount sink, and stainless steel appliances, including a brand-new Bosch dishwasher. Convenience at its peak with parks, schools, shops, restaurants, groceries and all the amenities you could ask for just a short stroll away. With your very own parking spot and locker, storage is never an issue. Schedule your showing today and discover the perfect blend of comfort, convenience, and affordability at Blackthorn Manor! (id:51158)

1 Bedroom 1 Bathroom
For sale
$500,000
#J104 -90 WESTON RD N, toronto, Ontario
Restaurant

#j104 -90 Weston Rd N

Toronto, Ontario

An amazing opportunity to own one of the busiest Chungchun Rice hot dog establishment. Located inside the famous The Stockyard Village with tons of foot traffic, vehicles and public transit. Ever growing walk-in and delivery clientele base with high reviews on Google search. If you're looking to own a highly successful business, you need to come and see for yourself. **** EXTRAS **** Improvements, renos and equipment nicely completed. Franchiser and Owners provides strong support and structure. Training will be provided. (id:51158)

960 sqft
For sale
$399,800
#215 -2300 ST CLAIR AVE W, toronto, Ontario

#215 -2300 St Clair Ave W

Toronto, Ontario

***Check Out Virtual Tour*** Spanning 650 sq.ft, this 1 +1 bedroom suite in Stockyards District Residences is the epitome of modern living, designed w/an open-concept layout that maximizes space & natural light. Main bedroom is spacious & inviting. Additional den provides versatile space, perfect for home office/guest room. High-quality finishes & contemporary design elements throughout reflect a modern lifestyle. Wide range of top-tier amenities, a fitness center, yoga studio, party room, outdoor terrace, kids play, pets play & wash, etc. Located in one of Toronto*s most desirable neighborhoods, the Junction is known for its rich history, cultural vitality, and community spirit. Its mix of old-world charm, artistic energy, & urban convenience produces a lively mix of restaurants, cafes, bars, & art galleries. Offering a wide range of culinary & cultural experiences. Proximity to Down Town & Accessibility is another key feature. ***Check Out Virtual Tour*** **** EXTRAS **** Several public transit options, buses and streetcars that connect to subway system, provide easy access to other parts of the city, making it a convenient location for commuters. Short-term rentals permitted. ***Check Out Virtual Tour*** (id:51158)

2 Bedroom 1 Bathroom
For sale
$399,000
#411 -10 TAPSCOTT RD, toronto, Ontario

#411 -10 Tapscott Rd

Toronto, Ontario

Bright & Spacious 2 Bedroom + 2 Bath Larger Corner Unit. Located Very Convenient To All Amenities. Laminate Flooring! Upgraded Kitchen & Bathrooms! Custom Built Closet Organizer In Both Bedrooms! Stainless Steel Appliances! Walking Distance To Public Transit, Schools, Mall, Medical Clinic & More !!! 3 Mins Away From Hwy 401! Maintenance Including: Water, Heat, Hydro & Cac. 1 Underground Parking & 1 Locker Included! Double Size Underground Storage Locker Only For Corner Units. (id:51158)

2 Bedroom 2 Bathroom
For sale
$499,000
#415 -550 FRONT ST W, toronto, Ontario

#415 -550 Front St W

Toronto, Ontario

Welcome to Portland Park Village. This one bedroom, one bathroom suite is a lovely starter home or pied-a-terre in the city. Enter into the bright, comfortable open concept living/dining room with high 9ft ceilings. Walk-out to the large, quiet, north-facing balcony, perfect for entertaining. Updated kitchen with backsplash. Mirror partition wall separates living space from comfortable primary bedroom. Bamboo flooring throughout. **** EXTRAS **** Premium central location with easy access to all that downtown has to offer. Situated just steps to the Well, Stackt Market, great nightlife, shopping, the Rogers Centre and the Financial District. Easy access to TTC and major highways. (id:51158)

1 Bedroom 1 Bathroom
For sale
$469,000
#604 -100 LEEWARD GLWY, toronto, Ontario

#604 -100 Leeward Glwy

Toronto, Ontario

Great Location Just One Bus To Subway Station. Mark Garneau Secondary School Is In Walking Distance. Middle & Elementary Schools Are In Front Of This Building. Bus Stop Is At The Door Steps. Groceries, Bank, Mosque, Church, Shopping Mall All Are In Close Proximity. Unit Renovated. **** EXTRAS **** Fridge, Stove, All Electric Light Fixtures. (id:51158)

3 Bedroom 2 Bathroom
For rent
$18,000 Monthly
#PH 3501 -21 BALMUTO ST, toronto, Ontario

#ph 3501 -21 Balmuto St

Toronto, Ontario

Celebrated. Yorkville living! The ultimate state of wealth and sophistication. app 4000 sq ft. Extraordinary full floor sub Penthouse with panoramic South-North-East-West downtown view! 4 bedrooms, 4 baths, 3 parkings and 3 lockers! 10 high smooth ceiling * Luxury abounds from the Scavolini cabinetry to the Miele appliances to the Duravit bathroom fixtures. New engineered hardwood floors. Massive windows. One of the only two exclusive penthouses in this boutique condo. The location at Yonge/Bloor is superb with quick access to Canada's best shopping, restaurants, the subway, cineplex, grocery and LCBO. 2 story fitness centre, cardio room, Yoga studio, outdoor pool, landscaped terrace, 24 H concierge, security **** EXTRAS **** 10 appliances, all elf's, window coverings. Furniture is optional. Unit can be rented without furniture as well as fully furnished (id:51158)

5 Bedroom 4 Bathroom
For sale
$499,000
#1105 -5 OLD SHEPPARD AVE, toronto, Ontario

#1105 -5 Old Sheppard Ave

Toronto, Ontario

Rarely Offered '05 Unit At The Highly Sought After Crossroads Community In Prime Location. Beautiful And Very Spacious 2 + Den With Very Functional Layout And No Wasted Space. Den Is Large Enough To Be Used As 3rd Bedroom. Walk-In Closet Upgrade In Primary Bedroom. Amazing Unobstructed East Views From A Large Balcony. Steps To Ttc, Easy Access To Subway, Fairview Mall, Multiple Schools, Dvp/404/401, And Many More Amenities. Truly An Opportunity To Live In This Family Friendly And Extremely Well Maintained Building. **** EXTRAS **** Amazing Amenities Including Full Basketball Court, Indoor Pool, Tennis Courts, Squash, Cardio/Exercise Rooms, Billiards, And More. Maintenance Fee Includes All Utilities And Cable TV! (id:51158)

3 Bedroom 2 Bathroom
For sale
$425,000
173 CATHARINE ST N, hamilton, Ontario

173 Catharine St N

Hamilton, Ontario

Charming 2-storey Detached Home Nestled In Hamilton's Beasley Neighborhood, Boasting Old-world Charm And Endless Potential. This Property Features 2+1 Bedrooms. The Partially Finished Basement Includes A Walkout To The Backyard, Providing A Seamless Indoor-outdoor Living Experience. Ready For Your Personal Touches, This Home Presents A Unique Opportunity To Create Your Dream Space. The Property Us Being Sold ""As Is/ Where Is"" Condition By The Seller. **** EXTRAS **** NONE- SOLD AS IS AS PER SCHEDULE ""A"" (id:51158)

3 Bedroom 2 Bathroom
For sale
$299,900
#2008 -330 DIXON RD, toronto, Ontario

#2008 -330 Dixon Rd

Toronto, Ontario

Yes, the price is right! Dont miss this opportunity. Incredible Value in Kingsview Village in Toronto. One of the bigger 1 bed units out there. Just over 800 sf, wow. Super Low Property Tax and Manageable Condo Fees. On the 20th floor, you have an upgraded unit with an open concept floor plan. The moment you walk in, you'll feel pride of ownership. Clean, Well-Lit, and 200% Move-In Ready. Featuring Newer Windows (Efficiency), Laundry Ensuite, Private Balcony, Storage in Unit, and Double Closet in Primary Bedroom. Secured Complex with Gateway Security. Underground Parking Included. Book a private viewing now. **** EXTRAS **** CONVENIENT LOCATION! WALK SCORE: 71. Public Transit are Steps Away. Easy Access to Hwys 427/401. 5-10 Min to Costco, Canadian Tire, Banks, Shoppers etc. 10-12 Min to Pearson Airport. Watch the Video! (id:51158)

1 Bedroom 1 Bathroom
For sale
$489,000
#2003 -390 DIXON RD, toronto, Ontario

#2003 -390 Dixon Rd

Toronto, Ontario

Gorgeous Condo At Great Location !! 2 Bedrooms, Rarely Find At This Price In This Complex, Large Living Room With W/O Balcony, Balcony East Facing Whole Day Sunlight. New vinyl water proof floor at Hallway and kitchen, Freshly painted, New Washroom, New Front closet Glass Door, All Utilities Included ,1GBPS Bell Internet and TV included .Close To All Amenities. Ttc At Door Step, Minutes To Airport, Hwy 409, Hwy 427, Walking Distance To Plaza, Shopping. Every Thing At Step, New COSTCO and Canadian Tire, GO Stn & 5 minutes to New Humber College station, 1 Bus To Kipling Subway. Won't Last Long. Shows 10++++ **** EXTRAS **** All Light Fixtures, Fridge, Stove, Washer & Dryer.1Gbps bell internet and TV included. (id:51158)

2 Bedroom 1 Bathroom
For sale Open House
$488,800
#104 -10 STONEHILL CRT, toronto, Ontario

#104 -10 Stonehill Crt

Toronto, Ontario

Freshly Renovated From Top To Bottom! This 2 Bedroom Condo Apartment In The Heart Of L'Amoureaux, Features 2 Full Bathrooms And Is Located on The First Floor For Easy Accessibility/Wheelchair. Spacious Floor Plan. Primary Bedroom Features Full En Suite. Hydro, Gas & Water Included In Maintenance Fees! Building Amenities Include Outdoor Tennis Court, Gym, Party Room & More! Very Convenient Location, Close To Metro, Restaurants, SHN Hospital, Bridlewood Mall, Steps To TTC & Mins To Hwy 401. (id:51158)

2 Bedroom 2 Bathroom
For sale
$499,000
#1114 -478 KING ST W, toronto, Ontario

#1114 -478 King St W

Toronto, Ontario

Excellent for 1st time home buyer! The Victory Condo In The Heart Of Downtown Toronto's Fashion And Entertainment District. Spacious Open Concept Studio With 9Ft Ceiling, Full Size Large Balcony, Engineered Hardwood Floor Through Out Unit Except Bathroom, Granite Counter Top Kitchen, Stainless Steel Appliances. **** EXTRAS **** All Elf, Fridge, Dishwasher, Microwave, Stainless Steel Stove, Stainless Steel Hood Vent, Stacked Front Load Washer And Dryer. (id:51158)

1 Bathroom

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.