What can you get in Toronto for under $500,000? In East York, this cute and cozy two bedroom bungalow is listed for $499,900. It's a short drive to Greektown in the Danforth neighbourhood and close to the Don Valley Parkway. These East York houses might seem appealing to those wanting more property space but can't afford the high house prices of downtown Toronto. The house could use some updating, although the boombox in the dining room brings back fond 1980s memories. This recently sold house in the area got $15,100 over its asking price of $649,900. The streets have potential for redevelopment and one of those sought-after driveways and large backyards you can't get in the city for that price. Want to find some other properties under $500K? Check out Curbed's previous listings.