New Construction Homes in Toronto Under $500K

Explore our selection of new construction homes in Toronto priced Under $500K. Known for Canada's largest city, Toronto offers world-class dining, culture, and transit. The Battaglia Team provides expert guidance to find your perfect home in this cosmopolitan community.

31 listings available

31 properties found

New Construction

26 Gibbs Road Unit 1033, Toronto W08

$408,000

New Construction

215 Sherway Gardens Road Unit 2005, Toronto W08

11500 sqft

$499,990

New Construction

255 Village Green Square Unit 3411, Toronto E07

21600 sqft

$499,000

New Construction

251 Jarvis Street Unit 1923, Toronto C08

21500 sqft

$459,900

New Construction

110 Charles Street Unit 1510, Toronto C08

11500 sqft

$459,000

New Construction

77 Mutual Street Unit 2303, Toronto C08

$499,000

New Construction

1808 St. Clair Avenue Unit 801, Toronto W02

11500 sqft

$478,800

New Construction

395 Bloor Street Unit 2407, Toronto C08

21500 sqft

$429,000

New Construction

215 Queen Street Unit 1103, Toronto C01

$383,900

New Construction

215 Queen Street Unit 1110, Toronto C01

$383,900

New Construction

121 Lower Sherbourne Street Unit 226, Toronto C08

22700 sqft

$499,000

New Construction

31 Tippett Road Unit 833, Toronto C06

$350,000

New Construction

160 Vanderhoof Avenue Unit 508, Toronto C11

$399,000

New Construction

169 John Street Unit 303, Toronto C01

11500 sqft

$482,000

New Construction

90 Niagara Street Unit Parking Spot, Toronto C01

$75,000

New Construction

251 Jarvis Street Unit 3309, Toronto C08

21500 sqft

$465,000

New Construction

120 Varna Drive Unit 1515, Toronto C04

22600 sqft

$499,000

New Construction

36 Lisgar Street Unit 1816, Toronto C01

22500 sqft

$499,999

New Construction

458 Richmond Street Unit 202, Toronto C01

11500 sqft

$459,900

New Construction

99 Foxbar Road Unit 1406, Toronto C02

11500 sqft

$489,000

New Construction

30 Tretti Way Unit 311, Toronto C06

21500 sqft

$419,888

New Construction

75 Queens Wharf Road Unit 3011, Toronto C01

11500 sqft

$488,000

New Construction

75 St Nicholas Street Unit 1801, Toronto C01

$375,000

New Construction

215 Queen Street Unit 1110, Toronto C01

$398,900

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About New Construction Homes in Toronto

Toronto is one of the GTA's cosmopolitan communities, defined by its Canada's largest city and world-class dining, culture, and transit. New Construction Homes here range from entry-level units in established buildings to newer developments with modern finishes and amenities. New construction offers Tarion warranty protection (1, 2, and 7-year coverage), modern energy-efficient builds, and full customization on pre-construction units. Expect HST on new builds (with potential rebates) and longer closing timelines for pre-construction. Buyers drawn to Toronto typically value its proximity to major transit corridors, established school catchments, and the cosmopolitan character that distinguishes it from neighbouring municipalities.

Who's Buying Under $500K Homes in Toronto

Properties priced under $500k in Toronto 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 Toronto

The Battaglia Team has been serving Toronto 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 new construction or making a strategic move into Toronto'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 new construction homes cost in Toronto under $500k?

Pricing for new construction homes in Toronto varies by neighbourhood, lot size, age of the property, and current market conditions. Within the under $500k band, listings typically reflect the cosmopolitan character of the area and proximity to Canada's largest city. 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 Toronto?

Toronto is known for Canada's largest city and world-class dining, culture, and transit. 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 Toronto 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).

What are the pros and cons of new construction homes in Toronto?

New construction offers Tarion warranty protection (1, 2, and 7-year coverage), modern energy-efficient builds, and full customization on pre-construction units. Expect HST on new builds (with potential rebates) and longer closing timelines for pre-construction.

How quickly do homes sell in Toronto?

Time-on-market in Toronto 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 Toronto.