Affordable Toronto Living: 6 Condos Under $500K Worth Checking Out

Toronto is famous for its high real estate prices. But there are still affordable options. If you are looking for a condo under $500K, you are in luck.

Today, the average home price in Toronto hovers around a staggering $1.7 million. Detached homes, the most popular, average around $2 million. 

Toronto is Canada’s largest city and economic powerhouse. So, this huge debt there isn’t surprising. 

The city has a vibrant job market. It also has cultural diversity and high-quality amenities. These traits make it a top destination for many Canadians.

But, what if your budget is less than $1 million? 

Don’t worry—a condo is a great option. With an average price of $806,000, condos offer an affordable way to experience Toronto living. 

Those looking to live within the $500,000 budget will find The Canadian Home helpful. It has highlighted six apartment properties. However, they offer a true Toronto living experience without breaking the bank.

If you are looking for a condo under $500K, you are in luck. Here are six good condos you can afford in Toronto.

1. Crescent City Real Estate

First on our list is The Crescent Town Condos. These condos sit close to the subway in East York. 

Here you can find one-bedroom units under $500K. This makes it a great option for first-time buyers. 

There is so much in this place. You can find schools, parks, and shopping nearby. Also, the neighborhood is friendly and welcoming. Maintenance costs stay at least.

2. Massey Square Condos

Next, we have The Massey Square Condos. These condos sit in a vibrant neighborhood. Here, you can find a spacious one-bedroom apartment within your budget. 

Moreover, the building has been in use for a short time. But, it has been well-maintained. You have access to the gym, pool, and parking. 

Additionally, the neighborhood is lively and offers restaurants and shops.

3. Lambton Square Condos

Third on our list is The Lambton Square Condos. A quiet Etobicoke neighborhood houses them. Apart from that, these condos offer great value. 

You can find two-bedroom apartments for less than $500K. And yes, this is ideal for small families or roommates. 

The building has great amenities such as a gym, pool, and banquet hall. But the neighborhood is quiet and safe, perfect for childcare. 

Plus, you are close to parks and golf courses. It makes sense to be in downtown Toronto as well.

4. Mayfair in Green Condos

Let’s move on to the Mayfair at Green Condos. These condos sit in Scarborough. Additionally, you can find one- and two-bedroom units for less than $500K here. 

Furthermore, the building has many amenities, including a gym, a pool, and a tennis court. The neighborhood is diverse, with many places to eat. 

You will get schools and parks in the nearest location. Public transportation is always available, making it easy to get around. So, this is a great option for families and young professionals.

5. Flemingdon Park Condominium

Another condo on our list is Flemingdon Park. These condos are in the North York area. Here is a list of one-bedroom apartments within your budget. 

Additionally, the building has excellent facilities. It includes a gym, a pool, and security. There are many parks and recreational facilities in the area. 

And of course, you will get to school and shop in your location. Here, public transport is easy and convenient. Finally, this makes it a great place for people of all ages.

6. The Sherway Gardens Condos

Last but not least, we have The Sherway Gardens Condos. These condos in the Etobicoke area sit near Sherway Park Mall. 

You can find one-bedroom apartments under $500K here. Moreover, the apartments are modern, with great amenities. 

You have access to the gym, pool, and party room. The neighborhood is convenient. Also, it has many shops and restaurants.

There is easy access to public transportation. This makes it a great option for young professionals and small families.

Why Choose These Condos?

You may wonder why these condos are a good choice. Here are some reasons to consider:

• Affordable Prices: These condos are all under $500K. Also, they are inexpensive options.

• Best locations: They are in various areas of Toronto. Additionally, they offer a variety of lifestyles.

• Amenities: Each unit has great amenities, such as a gym, a pool, and security.

• Neighborhood: The neighborhood is safe and friendly. Also, it is perfect for families and young professionals.

• Public transportation: It is great, facilitating simple navigation of the town.

Conclusion

These are a few examples of what’s available in Toronto for less than $500K. Yet, many options are waiting for you at the Canadian Home. 

Contact us today. Explore the options to find pre-construction homes that suit your needs and interests. 

So, don’t wait any longer to use our easy-to-use platform. Thus, you can find your ideal house in Toronto’s exciting real estate market.