Condos in Richmond Hill Under $500K

Explore our selection of condos 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.

66 listings available

66 properties found

Condo

372 Highway 7 E Way Unit 707, Richmond Hill

22700 sqft

$498,000

Condo

73 King William Crescent Unit Lph01, Richmond Hill

11600 sqft

$399,000

Condo

33 Weldrick Road Unit 210, Richmond Hill

221,200 sqft

$499,900

Condo

3 Ellesmere Street Unit 713, Richmond Hill

11500 sqft

$428,000

Condo

65 Oneida Crescent Unit 801, Richmond Hill

21600 sqft

$490,000

Condo

9471 Yonge Street Unit 811, Richmond Hill

21600 sqft

$472,000

Condo

39 Oneida Crescent Unit 1017, Richmond Hill

21700 sqft

$459,000

Condo

3 ROSEWATER Street Unit 306W, Richmond Hill

21600 sqft

$494,900

Condo

326 Major Mackenzie Drive Unit 705, Richmond Hill

31900 sqft

$439,900

Condo

18 Harding Boulevard Unit PH208, Richmond Hill

11500 sqft

$439,000

Condo

75 Oneida Crescent Unit 1703, Richmond Hill

22800 sqft

$499,000

Condo

23 Oneida Crescent Unit 909, Richmond Hill

11600 sqft

$435,000

Condo

39 Oneida Crescent Unit 906, Richmond Hill

11600 sqft

$425,000

Condo

372 Highway 7 E Road Unit 1027, Richmond Hill

22700 sqft

$499,000

Condo

51 Baffin Court Unit 815, Richmond Hill

11500 sqft

$459,000

Condo

11121 Yonge Street Unit 215, Richmond Hill

21700 sqft

$439,800

Condo

11 Oneida Crescent Unit 1202, Richmond Hill

21700 sqft

$498,000

Condo

8868 Yonge Street Unit 909E, Richmond Hill

22600 sqft

$499,000

Condo

326 Major Mackenzie Drive Unit 221, Richmond Hill

221,000 sqft

$399,900

Condo

11611 Yonge Street Unit 525, Richmond Hill

$399,999

Condo

330 Red Maple Road Unit 1003, Richmond Hill

21700 sqft

$499,000

Condo

18 HARDING Boulevard Unit 905, Richmond Hill

21600 sqft

$499,000

Condo

9618 Yonge Street Unit 1010, Richmond Hill

11500 sqft

$489,000

Condo

55 Oneida Crescent Unit 801, Richmond Hill

21700 sqft

$500,000

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About Condos 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. Condos here range from entry-level units in established buildings to newer developments with modern finishes and amenities. Condos offer locked-and-leave convenience, on-site amenities (gym, party room, concierge), and lower carrying costs than freehold homes. Always review the Status Certificate before offering — it discloses the reserve fund balance, pending special assessments, and any litigation. 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 condo 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 condos cost in Richmond Hill under $500k?

Pricing for condos 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).

What are the pros and cons of condos in Richmond Hill?

Condos offer locked-and-leave convenience, on-site amenities (gym, party room, concierge), and lower carrying costs than freehold homes. Always review the Status Certificate before offering — it discloses the reserve fund balance, pending special assessments, and any litigation.

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.