Townhouses in Toronto Under $500K

Explore our selection of townhouses 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.

42 listings available

42 properties found

Condo

107 Burrows Hall Boulevard Unit 56, Toronto E11

321,200 sqft

$499,900

Condo

153 Isaac Devins Boulevard Unit 2, Toronto W05

11600 sqft

$399,000

Condo

42 Pinery Trail Unit 74, Toronto E11

21600 sqft

$299,900

Condo

6 Drummond Street Unit 301, Toronto W06

11500 sqft

$429,900

Condo

870 Jane Street Unit 114, Toronto W03

22800 sqft

$429,999

Condo

6 Drummond Street Unit 311, Toronto W06

11500 sqft

$459,000

Condo

100 Mornelle Court Unit 1045, Toronto E09

32900 sqft

$464,000

Condo

10 Eddystone Avenue Unit 108, Toronto W05

521,200 sqft

$492,000

Condo

155 Tapscott Road Unit 21, Toronto E11

21700 sqft

$498,000

Condo

1949 Lawrence Avenue Unit 15, Toronto W04

21800 sqft

$445,000

Condo

11 Wincott Drive Unit 914, Toronto W09

211,000 sqft

$468,800

Condo

105 George Appleton Way Unit 2151, Toronto W05

11500 sqft

$455,000

Condo

16 Rexdale Boulevard Unit 25, Toronto W10

221,000 sqft

$399,000

Condo

30 Liben Way Unit 38, Toronto E11

21700 sqft

$449,999

Condo

140 Ling Road Unit 103, Toronto E10

32900 sqft

$499,000

Condo

3047 Finch Avenue Unit 2057, Toronto W05

21600 sqft

$399,000

Condo

5 Everson Drive Unit 1008, Toronto C14

21700 sqft

$479,000

Condo

22 Western Battery Road Unit 109, Toronto C01

$398,000

Condo

30 Liben Way Unit 18, Toronto E11

21700 sqft

$499,000

Condo

260 John Garland Boulevard Unit 234, Toronto W10

321,200 sqft

$479,000

Condo

12 Portland Street Unit Th B, Toronto C01

11500 sqft

$499,000

Condo

100 Mornelle Court Unit 1018, Toronto E09

321,200 sqft

$475,000

Condo

145 Tapscott Road Unit 21, Toronto E11

21900 sqft

$475,000

Condo

870 Jane Street Unit 117, Toronto W03

22800 sqft

$399,000

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About Townhouses 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. Townhouses here range from entry-level units in established buildings to newer developments with modern finishes and amenities. Townhouses bridge the gap between condos and detached homes — multi-floor living with private entrances, often with a small backyard. Freehold townhouses carry no monthly fees, while condo townhouses include common-area maintenance. 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 townhouse 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 townhouses cost in Toronto under $500k?

Pricing for townhouses 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 townhouses in Toronto?

Townhouses bridge the gap between condos and detached homes — multi-floor living with private entrances, often with a small backyard. Freehold townhouses carry no monthly fees, while condo townhouses include common-area maintenance.

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.