Condos for Sale in Scarborough
Under $500K
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in Scarborough this band: $475K · 56 active · avg 37 days on market.
56 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in Scarborough Under $500K
56 active · median $475K
Median List Price
$475K
Active Listings
56
Avg Days on Market
37 days
YoY Change
-9.1%
6-Month Median Price Trend
Dec
$464K
Jan
$477K
Feb
$471K
Mar
$480K
Apr
$472K
May
$475K
What is the average condo price in Scarborough in 2026?
The benchmark price for a condo in Scarborough in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 56 active listings, moving in an average of 37 days on market. Prices are down 9.1% year-over-year.
Is Scarborough a buyer's or seller's market right now?
Scarborough is currently a buyer's market for condos in this band. Listings are sitting 37 days on average and prices are 9.1% lower year-over-year. Buyers have negotiating leverage on price, closing date, and condition periods.
Families helped in Scarborough
91+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“Bidding war with three other offers. Their pre-approval letter made our offer credible enough to win.”
What $475K gets you in Scarborough.
Condos in Scarborough priced under $500k are tracking against a CREA MLS® HPI benchmark of $539K for the greater toronto area. Within this band the median list comes in near $475K — down 9.1% year-over-year. Active inventory is moving in roughly 37 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$482K
$521K
$510K
Sample comparables only — request the live MLS report for current availability and pricing.
Keep exploring Scarborough.
Other property types
Scarborough Condo FAQ
What is the median price for condos in Scarborough under $500k?
As of 2026-05-01, the median list price for condos in Scarborough priced under $500k sits at approximately $475K based on active MLS inventory.
How many condos are currently for sale in Scarborough in this price range?
There are roughly 56 active condos for sale in Scarborough priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Scarborough?
Condos in Scarborough priced under $500k are averaging 37 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Scarborough condo prices going up or down?
Year-over-year median condo prices in Scarborough (this band) are down 9.1%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo at this price in Scarborough?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $2,322 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 56 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Scarborough advisor within 1 business hour.
Condos in Scarborough Under $500K
Median $475K · 56 active · 3.95% 5-yr fixed
Get pre-approved for a $380K mortgage.
Based on $475K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.