Detached Homes for Sale in Toronto
Under $500K
Fully freehold land + structure. Highest long-term appreciation, full renovation flexibility, and the strongest move-up buyer demand in the Ontario market. Median list price in Toronto this band: $475K · 27 active · avg 46 days on market.
Median List Price
$475K
Active Listings
27
Avg Days on Market
46 days
YoY Change
-6.8%
6-Month Median Price Trend
Dec
$486K
Jan
$486K
Feb
$486K
Mar
$486K
Apr
$485K
May
$486K
What is the average detached price in Toronto in 2026?
The benchmark price for a detached in Toronto in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 27 active listings, moving in an average of 46 days on market. Prices are down 6.8% year-over-year.
Is Toronto a buyer's or seller's market right now?
Toronto is currently a buyer's market for detacheds in this band. Listings are sitting 46 days on average and prices are 6.8% lower year-over-year. Buyers have negotiating leverage on price, closing date, and condition periods.
Families helped in Toronto
266+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“They held my rate through the entire construction delay. Closed at the rate I locked 14 months earlier.”
What $475K gets you in Toronto.
Detacheds in Toronto priced under $500k are tracking against a CREA MLS® HPI benchmark of $1158K for the greater toronto area. Within this band the median list comes in near $475K — down 6.8% year-over-year. Active inventory is moving in roughly 46 days.
Typical Size
1,800–3,500 sqft
Bedroom Range
3–5 bedrooms
Ownership Style
freehold
Sample comparables in this band.
$496K
$496K
$497K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these detached homes are clustered in Toronto.
Keep exploring Toronto.
Other price ranges
Other property types
Toronto Detached FAQ
What is the median price for detached homes in Toronto under $500k?
As of 2026-05-01, the median list price for detached homes in Toronto priced under $500k sits at approximately $475K based on active MLS inventory.
How many detached homes are currently for sale in Toronto in this price range?
There are roughly 27 active detached homes for sale in Toronto priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do detached homes stay on the market in Toronto?
Detached Homes in Toronto priced under $500k are averaging 46 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Toronto detached prices going up or down?
Year-over-year median detached prices in Toronto (this band) are down 6.8%. Six-month trend data is available on this page.
What mortgage do I need to buy a detached at this price in Toronto?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's variable rates (~5.45% qualifying), that's roughly $NaN / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
See every active detached in Toronto under $500k.
27 active listings · median $475K. A licensed Toronto advisor sends the live list within 1 business hour.
Detached Homes in Toronto Under $500K
Median $475K · 27 active
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.