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.

145 listings available

145 properties found

Condo

326 Major Mackenzie Drive Unit 716, Richmond Hill

21700 sqft

$360,000

Condo

11611 Yonge Street Unit 109, Richmond Hill

11500 sqft

$499,000

Condo

310 Red Maple Road Unit 1203, Richmond Hill

21700 sqft

$483,000

Condo

9 Northern Heights Drive Unit 1112, Richmond Hill

11600 sqft

$469,000

Condo

9191 Yonge Street Unit SW 321, Richmond Hill

11500 sqft

$395,000

Condo

6 David Eyer Road Unit 518, Richmond Hill

11500 sqft

$499,000

Condo

11611 Yonge Street Unit 525, Richmond Hill

$439,900

Condo

309 Major Mackenzie Avenue Unit 611, Richmond Hill

22700 sqft

$419,800

Condo

249 Major Mackenzie Drive Unit 204, Richmond Hill

21700 sqft

$389,900

Condo

9 Northern Heights Drive Unit 707, Richmond Hill

11500 sqft

$419,000

Condo

21 Elizabeth Street Unit 202, Richmond Hill

21700 sqft

$499,999

Condo

9205 Yonge Street Unit 1211, Richmond Hill

11500 sqft

$489,000

Condo

21 Elizabeth Street Unit 205, Richmond Hill

21800 sqft

$490,000

Condo

372 Highway 7 N/A Unit 721, Richmond Hill

11500 sqft

$459,000

Condo

85 Oneida Crescent Unit 813, Richmond Hill

11600 sqft

$448,000

Condo

75 King William Crescent Unit Ph13, Richmond Hill

11600 sqft

$439,000

Condo

310 Red Maple Road Unit 318, Richmond Hill

11500 sqft

$428,800

Condo

330 Red Maple Road Unit 1103, Richmond Hill

21700 sqft

$498,000

Condo

75 Norman Bethune Avenue Unit 310, Richmond Hill

11500 sqft

$445,000

New Construction

8763 Bayview Avenue Unit 03, Richmond Hill

1335 sqft

$319,000

Condo

326 Major Mackenzie Drive Unit 221, Richmond Hill

221,000 sqft

$499,000

Condo

9191 Yonge Street Unit SW 321, Richmond Hill

11500 sqft

$410,000

Condo

11211 Yonge Street Unit 1020, Richmond Hill

21700 sqft

$459,000

Condo

185 ONEIDA Crescent Unit 1109, Richmond Hill

11600 sqft

$399,900

Page 1 of 7

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.