Here are some Toronto homes on the market for under $500,000 (PHOTOS)

With the average price of a Toronto home now hovering at $1.3 million, it’s no wonder that 62% of millennials say they’ve decided to wait for prices to go down before buying a home.

But if you’re ready to buy a home now, with a little perseverance you can find some gems for under $500,000.

Some of these homes might need some minor updates and you might have to forgo conveniences like an in-unit washer/dryer. Others, however, have been fully renovated and one even comes with two parking spots.

Here are some great finds courtesy of Zoocasa.

210 – 3390 Weston Road East – $449,000

• Two bedrooms
• One bathroom
• 800-899 sq ft
• One parking
• Private balcony, washer/dryer, newly renovated, and close to the highway

1406 – 5 San Romano Way – $449,900

• One bedroom
• One bathroom
• 800-899 sq ft
• One parking
• Private balcony, washer/dryer, near Yorkgate Mall, and close to the highway

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1212 – 320 Dixon Road – $459,999

• Two bedrooms
• One bathroom
• 900 to 999 sq ft
• One parking
• Private balcony, near supermarket, and close to the highway

1001 – 234 Albion Road – $479,900

• Two bedrooms
• One bathroom
• 1,000 to 1,199 sq ft
• Two parking
• Fully renovated, washer/dryer, private balcony, pool, and near highways 400 and 401

1510 – 28 Olive Avenue – $488,000

• One bedroom
• One bathroom
• 500 to 599 sq ft
• One parking
• One locker, washer/dryer, private balcony, and close to the TTC

306 – 301 Prudential Drive – $498,000

• Three bedrooms
• Two bathrooms
• 1,400 to 1,599 sq ft
• One parking
• One locker, newly renovated, washer/dryer, and close to shops and restaurants