Homes for Sale in Richmond Hill Under $500K

Explore our selection of properties in Richmond Hill priced Under $500K. Known for heritage village charm, Richmond Hill offers excellent schools and green spaces. The Battaglia Team provides expert guidance to find your perfect home in this established community.

147 listings available

147 properties found

Condo

9191 Yonge Street Unit SW 321, Richmond Hill

11500 sqft

$410,000

Condo

8763 Bayview Avenue Unit 701, Richmond Hill

21600 sqft

$488,800

Condo

11211 Yonge Street Unit 1020, Richmond Hill

21700 sqft

$459,000

Condo

40 Baif Boulevard Unit 311, Richmond Hill

211,000 sqft

$500,000

Condo

185 ONEIDA Crescent Unit 1109, Richmond Hill

11600 sqft

$399,900

Condo

65 Oneida Crescent Unit 1106, Richmond Hill

21600 sqft

$488,000

New Construction

8868 Yonge Street Unit 208E, Richmond Hill

22600 sqft

$499,999

Condo

326 Major Mackenzie Drive Unit 220, Richmond Hill

21700 sqft

$420,000

Condo

51 Baffin Crescent Unit 301, Richmond Hill

11600 sqft

$398,000

Condo

29 Northern Heights Drive Unit 1101, Richmond Hill

11600 sqft

$429,900

Condo

35 Hunt Avenue Unit 404, Richmond Hill

21600 sqft

$399,995

Condo

185 Oneida Crescent Unit 1117, Richmond Hill

22900 sqft

$499,000

Condo

3 Ellesmere Street Unit 217, Richmond Hill

21600 sqft

$450,000

Condo

75 Norman Bethune Avenue Unit 208, Richmond Hill

11500 sqft

$439,000

Condo

8868 Yonge Street Unit 225, Richmond Hill

$499,900

Condo

370 Highway 7 N/A Unit 203, Richmond Hill

11500 sqft

$458,000

Condo

75 Weldrick Road Unit Parking Level A #66, Richmond Hill

$25,000

Condo

9 Northern Hts Drive Unit 707, Richmond Hill

11500 sqft

$479,000

Condo

326 Major Mackenzie Drive Unit 203, Richmond Hill

21900 sqft

$450,000

Condo

9618 Yonge Street Unit 1010, Richmond Hill

11500 sqft

$499,000

Condo

9471 Yonge Street Unit 813, Richmond Hill

21500 sqft

$489,000

Condo

8763 Bayview Avenue Unit 221, Richmond Hill

22700 sqft

$499,999

Condo

67 Richmond Street Unit 207, Richmond Hill

11700 sqft

$379,000

Condo

19 Northern Heights Drive Unit 514, Richmond Hill

11600 sqft

$409,900

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About Homes in Richmond Hill

Richmond Hill is one of the GTA's established communities, defined by its heritage village charm and excellent schools and green spaces. The Richmond Hill market includes everything from condo apartments and townhomes to detached homes on mature lots — with the right property type depending on your stage of life, household size, and long-term plans. Buyers drawn to Richmond Hill typically value its proximity to major transit corridors, established school catchments, and the established character that distinguishes it from neighbouring municipalities.

Who's Buying Under $500K Homes in Richmond Hill

Properties priced under $500k in Richmond Hill attract first-time buyers, investors, and downsizers seeking attainable entry into the market. Most lenders treat properties under $500,000 as low-ratio mortgages, so qualified buyers can put as little as 5% down (CMHC-insured). This price band moves quickly — properties typically sell within 14 days, often with multiple offers in established neighbourhoods.

Working with the Battaglia Team in Richmond Hill

The Battaglia Team has been serving Richmond Hill and the surrounding GTA since 1995. We pair MLS listings (refreshed every few hours from the Toronto Regional Real Estate Board) with hyper-local market knowledge: school boundary changes, planned infrastructure, neighbourhood-specific buyer competition, and recent comparable sales not visible on public portals. Whether you're touring your first home or making a strategic move into Richmond Hill's under $500k market, our team handles MLS searches, virtual previews, in-person showings, offer strategy, and negotiation end-to-end. Reach out for a no-obligation conversation about your goals.

Frequently Asked Questions

How much do homes cost in Richmond Hill under $500k?

Pricing for homes in Richmond Hill varies by neighbourhood, lot size, age of the property, and current market conditions. Within the under $500k band, listings typically reflect the established character of the area and proximity to heritage village charm. For an up-to-the-minute price snapshot tied to your specific needs, contact the Battaglia Team for a free comparative market analysis.

What should I know before buying a home in Richmond Hill?

Richmond Hill is known for heritage village charm and excellent schools and green spaces. Before making an offer, review the property's status certificate (for condos), arrange a pre-listing inspection where possible, and confirm school catchment if you have children. Property taxes in Richmond Hill are calculated on assessed value (MPAC) and vary by ward — your agent can pull the exact figure for any address.

What down payment do I need for a under $500k home?

Most lenders treat properties under $500,000 as low-ratio mortgages, so qualified buyers can put as little as 5% down (CMHC-insured).

How quickly do homes sell in Richmond Hill?

Time-on-market in Richmond Hill varies by season, price range, and presentation quality. Well-priced, well-staged listings in the entry-level bands typically attract serious offers within 7–21 days. Luxury listings ($1.5M+) can take 30–90 days. Reach out for a current market velocity report for Richmond Hill.