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.

104 listings available

104 properties found

New Construction

255 Village Green Square Unit 3411, Toronto E07

21600 sqft

$469,000

New Construction

100 Dalhousie Street Unit 2408, Toronto C08

22600 sqft

$499,999

New Construction

10 Wilby Crescent Unit 309, Toronto W04

21600 sqft

$489,000

New Construction

117 Mcmahon Drive Unit 2105, Toronto C15

11500 sqft

$498,000

New Construction

197 Yonge Street Unit 5508, Toronto C08

$498,000

New Construction

70 Annie Craig Drive Unit 4109, Toronto W06

11500 sqft

$499,000

New Construction

110 Charles Street Unit 1510, Toronto C08

11500 sqft

$445,000

New Construction

169 John Street Unit 303, Toronto C01

11500 sqft

$469,000

New Construction

21 Nelson Street Unit 1019, Toronto C01

11500 sqft

$449,000

New Construction

251 Jarvis Street Unit 3309, Toronto C08

21500 sqft

$388,000

New Construction

70 Town Centre Court Unit 2108, Toronto E09

21600 sqft

$458,000

New Construction

395 Bloor Street Unit 2601, Toronto C08

21600 sqft

$489,900

New Construction

125 Redpath Avenue Unit 1005, Toronto C10

22600 sqft

$499,000

New Construction

155 Yorkville Avenue Unit 1920, Toronto C02

21500 sqft

$499,900

New Construction

20 Edward Street Unit 619, Toronto C01

11600 sqft

$479,000

New Construction

357 King Street Unit 201, Toronto C01

$398,000

New Construction

105 The Queensway Avenue Unit 3213, Toronto W01

$388,888

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

77 Mutual Street Unit 2303, Toronto C08

$469,000

New Construction

1808 St. Clair Avenue Unit 801, Toronto W03

11500 sqft

$478,800

New Construction

395 Bloor Street Unit 2407, Toronto C08

21500 sqft

$429,000

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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.