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.

64 listings available

64 properties found

Condo

867 Wilson Avenue Unit 3B, Toronto W05

11700 sqft

$399,000

Condo

2152 Lawrence Avenue Unit 105, Toronto E04

22800 sqft

$499,000

Condo

130 Canon Jackson Drive Unit 108, Toronto W04

11500 sqft

$449,000

Condo

30 Liben Way Unit 34, Toronto E11

21700 sqft

$479,900

Condo

3049 Finch Avenue Unit 2003, Toronto W05

11500 sqft

$349,999

Condo

40 Rexdale Boulevard Unit 3, Toronto W10

321,000 sqft

$469,000

Condo

870 Jane Street Unit 106, Toronto W03

22800 sqft

$439,000

Condo

3035 Finch Avenue Unit 2016, Toronto W05

21600 sqft

$379,000

Condo

869 Wilson Avenue Unit 14, Toronto W05

21700 sqft

$465,000

Condo

70 Driftwood Avenue Unit 161, Toronto W05

321,400 sqft

$474,999

Condo

42 Pinery Trail Unit 29, Toronto E11

321,000 sqft

$388,800

Condo

2500 Bridletowne Circle Unit 106, Toronto E05

21700 sqft

$299,000

Condo

100 Mornelle Court Unit 1017, Toronto E09

321,200 sqft

$449,995

Condo

10 Eddystone Avenue Unit 116, Toronto W05

421,000 sqft

$405,200

Condo

1483 Birchmount Road Unit 102, Toronto E04

321,000 sqft

$399,000

Condo

3 Everson Drive Unit 651, Toronto C14

31600 sqft

$459,900

Condo

10 Rodda Boulevard Unit 65, Toronto E10

321,200 sqft

$449,900

Condo

155 Tapscott Road Unit 22, Toronto E11

21700 sqft

$458,000

Condo

3840 Bathurst Street Unit 109, Toronto C06

22600 sqft

$480,000

Condo

2645 Jane Street Unit 149, Toronto W05

221,200 sqft

$470,000

Condo

235 Mclevin Avenue Unit 4, Toronto E11

21700 sqft

$469,900

Condo

25 Priya Lane Unit 12, Toronto E11

251,200 sqft

$499,000

Condo

2 Clairtrell Road Unit 315, Toronto C14

11500 sqft

$480,000

Condo

3 Everson Drive Unit 118, Toronto C14

11700 sqft

$489,000

Page 1 of 3

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.