Top Affordable Pre-Construction Condos in Toronto Under $500k in 2024
Affordable pre-construction condos in Toronto offer an excellent opportunity for first-time homebuyers.
With the rising cost of housing in Toronto, affordable pre-construction condos provide a more accessible option for those looking to own property in the city.
These condos typically come with lower price tags compared to resale properties, allowing buyers to get more value for their money.
Additionally, buying pre-construction allows buyers to lock in a lower price before the property is completed, providing potential for appreciation once construction is finished.
Affordable pre-construction condos in Toronto often come with flexible deposit structures, allowing buyers to spread out their payments over an extended period.
Let’s Explore top affordable pre-construction condos in Toronto
1. Line 5 Condos – Toronto
117 Broadway Avenue,Toronto
- City – Toronto
- Developer – Reserve Properties
- Occupancy – 2027
- No. of Units – 450
- No. of Storeys – 36
- Building Type – Condos
- Suite Size – 347 – 1000 sq ft
- Building Status – Preconstruction
- Selling Status – Selling Now
Line 5 Condos Properties is a new pre-construction condo complex located at 117 Broadway Avenue in Toronto. It’s situated at the major crossing of Yonge Street and Eglinton Avenue East. The construction is being managed by Reserve Properties and Westdale Properties, with architecture by U31 and IBI Group. Line 5 Condos will offer 721 condo units spread across two residential towers, one 36 stories high and the other 33 stories high.
Why Should You Invest?
- Prime Location: Line 5 Condos is in the heart of Midtown Toronto, offering convenient access to major transit lines and amenities.
- Excellent Transit Connectivity: With access to subway lines, light rail transit, and other transportation options, Line 5 Condos provides easy access to all parts of the city.
- High Growth Potential: Toronto is experiencing a housing shortage, making it an excellent time to invest in real estate. Line 5 Condos offer the potential for significant appreciation.
- Experienced Developer: Developed by Reserve Properties, Line 5 Condos promises quality construction, innovative design, and a commitment to community development.
- Future Appreciation: Investing in Line 5 Condos offers the potential for significant appreciation, making it an attractive investment opportunity for both homeowners and investors.
2. Bellwoods House Condos – Toronto
111 Strachan Avenue, Toronto
- City – Toronto
- Developer – Republic Developments
- Occupancy – 2026
- No of Units – 322
- No of Storeys – 13
- Building Type – Condos
- Suite Size – 376 – 1,280 Sq Ft
- Building Status – Preconstruction
- Selling Status – Selling Now
Located in the Trinity-Bellwoods district, Bellwoods House by Republic Developments is an exciting new condominium development. This mid-rise building was once a petrol station and mechanic shop and is now being transformed into a modern residential complex. The development preserves a beautiful heritage building while introducing 322 new residential units, offering contemporary living spaces to residents.
Why Should You Invest?
- Prime Location: Bellwoods House Condos is situated in the vibrant Trinity-Bellwoods district of Toronto, offering easy access to amenities, parks, and public transit.
- Exciting Development: Developed by Republic Developments, Bellwoods House Condos is a newly launched development that promises to add excitement and vitality to the neighborhood.
- Heritage Preservation: The development preserves a beautiful heritage building while introducing 322 new residential units, offering a blend of historic charm and modern living.
- High Demand: Trinity-Bellwoods is a highly sought-after neighborhood in Toronto, making Bellwoods House Condos a promising investment opportunity with the potential for significant appreciation.
- Modern Living Spaces: Bellwoods House Condos offers modern living spaces with contemporary design and amenities, providing residents with a comfortable and convenient lifestyle in the heart of the city.
3. Lily at Crosstown Condos – Toronto
844 Don Mills Road, Toronto
- City – Toronto
- Developer – Aspen Ridge
- Occupancy – 2027
- No of Units – 220
- No of Storeys – 8
- Building Type – Condos
- Suite Size – 459 – 1,070 Sq Ft
- Building Status – Preconstruction
- Selling Status – Selling Now
Lily at Crosstown Condos in Toronto offers modern urban living in a prime location. With stylish suites and top-notch amenities, Lily at Crosstown Condos provides residents with a comfortable and convenient lifestyle. Located close to shops, restaurants, parks, and transit, this condo is perfect for urban living.
Why Should You Invest?
- Prime Location: Lily at Crosstown Condos is in a prime location in Toronto, offering convenient access to shops, restaurants, parks, and transit options.
- Modern Living: With stylish suites and top-notch amenities, Lily at Crosstown Condos provides residents with a comfortable and convenient lifestyle.
- Investment Potential: Toronto’s real estate market is growing, making Lily at Crosstown Condos a promising investment opportunity with the potential for appreciation.
- Urban Convenience: Enjoy urban living with easy access to all the amenities you need, including shopping, dining, entertainment, and transportation.
- Quality Construction: Developed by experienced builders, Lily at Crosstown Condos offers high-quality construction and modern design, ensuring a great investment for homeowners and investors alike.
4. Motto Condos – Toronto
990 Bloor Street West, Toronto
- City – Toronto
- Developer – Sierra Building Group
- Occupancy – 2025
- No of Units – 97
- Suit Size Range – 434-1212 sq ft
- Selling Status – Selling
- No of Storeys – 12
- Construction Status – Preconstruction
- Deposit Structure – $10,000 bank draft Balance to 5% in 30 days (about 4 and a half weeks) 2.5% in 90 days (about 3 months) 2.5% in 180 days (about 6 months) 2.5% in 370 days (about 1 year) 2.5% in 720 days (about 2 years) 5% on Occupancy.
Motto Condos in Toronto offer modern urban living in a prime location. With stylish suites and top-notch amenities, Motto Condos provide residents with a comfortable and convenient lifestyle. Located close to shops, restaurants, parks, and transit, this condo is perfect for urban living.
Why Should You Invest?
- Prime Location: Motto Condos is in a prime location in Toronto, offering convenient access to shops, restaurants, parks, and transit options.
- Modern Living: With stylish suites and top-notch amenities, Motto Condos provides residents with a comfortable and convenient lifestyle.
- Investment Potential:Toronto’s real estate market is growing, making Motto Condos a promising investment opportunity with the potential for appreciation.
- Urban Convenience: Enjoy urban living with easy access to all the amenities you need, including shopping, dining, entertainment, and transportation.
- Quality Construction: Developed by experienced builders, Motto Condos offers high-quality construction and modern design, ensuring a great investment for homeowners and investors alike.
5. 4800 Yonge Street Condos – Toronto
- City – Toronto
- Developer – Menkes Developments Ltd.
- Occupancy – TBA
- No of Units – 498
- No of Storeys – 49
- Building Type – Condos
- Suite Size – TBA
- Building Status – Preconstruction
- Selling Status – Selling Now
Menkes Developments is launching a new condo project, 4800 Yonge Condos, in pre-construction. Situated at Yonge & Sheppard, this prime location offers residents easy access to essential amenities and is close to key employment centers. With modern design and top-notch amenities, 4800 Yonge Condos promises to be an amazing place to live.
Why Should You Invest?
- Prime Location: 4800 Yonge Condos are located at Yonge & Sheppard, offering convenient access to essential amenities and key employment centers.
- Modern Design: With contemporary design and top-notch amenities, 4800 Yonge Condos promises a comfortable and convenient lifestyle.
- Investment Potential: Toronto’s real estate market is growing, making 4800 Yonge Condos a promising investment opportunity with the potential for appreciation.
- Urban Convenience: Enjoy easy access to shopping, dining, entertainment, and transportation options in the vibrant Yonge & Sheppard neighborhood.
- Quality Development: Developed by Menkes Developments, 4800 Yonge Condos offers high-quality construction and modern design, ensuring a great investment for homeowners and investors alike.
With modern construction techniques and materials, pre-construction condos also come with warranties that cover major structural issues, giving buyers peace of mind and saving them money on repairs and maintenance in the long run.
Overall, affordable pre-construction condos in Toronto provide an excellent opportunity for buyers to own property in one of Canada’s most dynamic real estate markets.
