Homes for Sale in Toronto Under $500K

Explore our selection of properties 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

Condo

251 Jarvis Street Unit 2209, Toronto C08

21500 sqft

$499,000

Condo

5 Valhalla Inn Road Unit 505, Toronto W08

21600 sqft

$469,000

Condo

75 Canterbury Place Unit 308, Toronto C07

11500 sqft

$465,000

Condo

426 University Avenue Unit 1705, Toronto C01

11500 sqft

$448,000

New Construction

31 Tippett Road Unit 833, Toronto C06

$350,000

Condo

38 Lee Centre Drive Unit 3002, Toronto E09

21600 sqft

$299,000

Condo

275 Yorkland Road Unit 2201, Toronto C15

11500 sqft

$409,000

Condo

320 Dixon Road Unit 1708, Toronto W09

21800 sqft

$385,000

Condo

3050 Ellesmere Road Unit 1102, Toronto E09

22800 sqft

$389,999

Condo

30 Liben Way Unit 38, Toronto E11

21700 sqft

$449,999

Condo

75 Queens Wharf Road Unit 1211, Toronto C01

11500 sqft

$388,000

Condo

1888 Bayview Avenue Unit Parking #25, Toronto C12

$75,000

Condo

17 Zorra Street Unit 1509, Toronto W08

$429,900

Condo

270 Queens Quay Unit 906, Toronto C01

31800 sqft

$485,000

Condo

17 Ruddington Drive, Toronto C15

21600 sqft

$399,000

Condo

10 Sunny Glen Way Unit 1904, Toronto C11

321,000 sqft

$489,000

Condo

55 Charles Street Unit 2903, Toronto C08

$299,000

Condo

1 Quarrington Lane Unit 1004, Toronto C13

11500 sqft

$429,999

Condo

20 Edgecliff Golfway Unit 312, Toronto C11

31900 sqft

$465,000

Condo

290 Adelaide Street Unit 3603, Toronto C01

$399,000

Condo

1690 Victoria Park Avenue Unit 103, Toronto C13

22800 sqft

$349,900

Condo

38 Monte Kwinter Court Unit 1014, Toronto C06

21500 sqft

$440,000

Condo

15 James Finlay Way Unit 627, Toronto W05

11600 sqft

$415,000

Condo

100 Dalhousie Street Unit 315, Toronto C08

22600 sqft

$449,888

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About 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. The Toronto 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 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 home 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 homes cost in Toronto under $500k?

Pricing for 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).

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.