Affordable Homes Toronto – Smart Choices in a Competitive Market
Looking for affordable homes in Toronto? Whether you’re a first-time buyer, investor, or downsizer, Toronto has a variety of budget-friendly housing options—from condos and townhomes to semi-detached and older detached homes in up-and-coming areas.
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Bsmt 137 Gerrard Street E in Toronto: Moss Park House for lease (Toronto C08) : MLS®# C12452641
Bsmt 137 Gerrard Street E Toronto M5A 2E3 
$2,000Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12452641
- Bathrooms:
- 1
Located just steps from Toronto Metropolitan University, Allan Gardens, public transit, and the downtown core, this well-maintained property offers an unbeatable location. It's also close to George Brown College and the University of Toronto, making it highly attractive for both students and professionals. The property features self-contained two-bedroom units, each designed with functional layouts, modern finishes, individual ensuite laundry, and private outdoor space for added convenience and tenant appeal . Lower Level Unit: A spacious two-bedroom suite with 8-foot ceilings, natural light with large windows. You have your own kitchen, laundry, washroom and private entrance. More detailsListed by RE/MAX EXCEL REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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195 Bedford Park Avenue in Toronto: Lawrence Park North House for lease (Toronto C04) : MLS®# C12452764
195 Bedford Park Avenue Toronto M5M 1J4
$6,800Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12452764
- Bedrooms:
- 4
- Bathrooms:
- 4
Aaa+ Location At Yonge/Lawrence *Gorgeous Executive Rental* Contemporary Clean Line Design With Open-Concept Main Floor Features Over-Sized Great Room. Minutes Walk To Subway, Park & Yonge St Shops & Restaurants. Kitchen With Quartz Counters, Custom Cabinetry. W/O To Large Deck With Retractable Awning. Master Bedroom With 4Pc Ensuite & Wall To Wall Closet Organizer. Large Windows & Skylight Floor Home With Tons Of Natural Light. Private 4th Bedroom In Lower Level More detailsListed by RE/MAX REALTRON REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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Second & Third 137 Gerrard Street E in Toronto: Moss Park House for lease (Toronto C08) : MLS®# C12452776
Second & Third 137 Gerrard Street E Toronto M5A 2E3
$2,900Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12452776
- Bedrooms:
- 2
- Bathrooms:
- 3
Located just steps from Toronto Metropolitan University, Allan Gardens, public transit, and the downtown core, this well-maintained property offers an unbeatable location. It's also close to George Brown College and the University of Toronto, making it highly attractive for both students and professionals. Top Floor Unit: A unique one-and-a-half-storey suite with two bedrooms, two bathrooms, a wall-mounted air conditioning unit, and a walk-out to a private rooftop deck with sweeping city views. More detailsListed by RE/MAX EXCEL REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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Bsmt 4055 Ellesmere Road in Toronto: Highland Creek House for lease (Toronto E10) : MLS®# E12452730
Bsmt 4055 Ellesmere Road Toronto M1C 1J3
$1,800Residential Freehold- Status:
- For Lease
- MLS® Num:
- E12452730
- Bedrooms:
- 2
- Bathrooms:
- 1
Bright and cozy newly renovated 2-bedroom basement unit with a modern kitchen and 3 pc bathroom, located in one of Scarborough's most convenient neighbourhoods, Highland Creek. This unit features luxury vinyl plank flooring, & pot lights throughout. Enjoy prime convenience: walking distance to the University of Toronto Scarborough campus, with easy access to TTC and Hwy 401. Close to Centennial College, hospitals, plazas, parks, and more. More detailsListed by RE/MAX COMMUNITY REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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275 Tower Drive in Toronto: Wexford-Maryvale House for lease (Toronto E04) : MLS®# E12450855
275 Tower Drive Toronto M1R 3R3
$2,850Residential Freehold- Status:
- For Lease
- MLS® Num:
- E12450855
- Bedrooms:
- 3
- Bathrooms:
- 1
Location Location. Three bedroom mainfloor in a good community. Spacious backyard, Hardwood floors with 2 parking space. Easy access to TTC, Costco, Religious places, Schools, Shopping centers etc.," More detailsListed by HOMELIFE/FUTURE REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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B 1552 Avenue Road in Toronto: Bedford Park-Nortown House for lease (Toronto C04) : MLS®# C12450866
B 1552 Avenue Road Toronto M5M 3X5
$1,950Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12450866
- Bedrooms:
- 1
- Bathrooms:
- 1
AAAA, FURNISHED APARTMENT, STEPS TO TTC, SUBWAY, 10 MINUTES TO DOWNTOWN CITY OF TORONTO More detailsListed by RE/MAX PREMIER INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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114 Upper Canada Drive in Toronto: St. Andrew-Windfields House for lease (Toronto C12) : MLS®# C12450894
114 Upper Canada Drive Toronto M2P 1S4
$3,300Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12450894
- Bedrooms:
- 4
- Bathrooms:
- 2
Entile Property! Prestigious St. Andrew-Windfields Detached Home in Prime Location!Featuring hardwood floors and renovated washrooms, this home offers a large deck and a sunny, spacious backyard. Close to shopping, restaurants, top schools, TTC, parks, and major highways. Welcome newcomers! More detailsListed by SUPERSTARS REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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2nd floor 1104 College Street in Toronto: Dufferin Grove House for lease (Toronto C01) : MLS®# C12450899
2nd floor 1104 College Street Toronto M6H 1B3
$2,100Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12450899
- Bedrooms:
- 2
- Bathrooms:
- 1
Welcome To 1104 College St, This 2nd Floor Unit is Conveniently Located @ Corner of Dufferin & College, Walking Distance To Restaurants, Shops, Transit, Schools, Parks! Newly Upgraded Kitchen Cabinets W/ Quartz Countertop, features 3 Pc Bathroom, Master Bedroom South Exposure, Total Two (2) Spacious & Bright Rooms, New Paint, Laminate Bedroom Floors, Tile Flooring In Kitchen & Bathroom. Close To Dufferin Mall, Ttc At Your Doorstep! Tenant Pays Hydro, Tenant Insurance, Cable and Internet. *** NO PARKING ***(Easy GreenP parking on streets). More detailsListed by HOMELIFE NEW WORLD REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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19 Teddington Park Avenue in Toronto: Lawrence Park North House for lease (Toronto C04) : MLS®# C12450905
19 Teddington Park Avenue Toronto M4N 2C4
$2,200Residential Freehold- Status:
- For Lease
- MLS® Num:
- C12450905
- Bedrooms:
- 1
- Bathrooms:
- 1
Beautifully Renovated Basement Apartment in a Prestigious Neighbourhood! This stunning lower-level suite is located in one of the citys most exclusive areas, within a grand and elegant home. The basement features two completely separate, self-contained units ideal for tenants. This unit has been fully renovated from top to bottom with a focus on comfort and modern living. Youll find heated floors throughout, bright open layouts, contemporary kitchens with quality finishes, and spa-inspired bathrooms. A shared laundry area provides convenience while maintaining privacy for both suites. Each unit has been designed to offer a sleek, move-in-ready space in a truly sophisticated setting. Enjoy living in a quiet, upscale neighbourhood surrounded by beautiful homes, close to public transit subway station and buses, parks, and all essential amenities. More detailsListed by ROYAL LEPAGE SIGNATURE REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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87 Northfield Road in Toronto: Woburn House for lease (Toronto E09) : MLS®# E12450872
87 Northfield Road Toronto M1G 2H7
$2,850Residential Freehold- Status:
- For Lease
- MLS® Num:
- E12450872
- Bedrooms:
- 5
- Bathrooms:
- 2
A++ Tenant Only, Complete Renovated with 4+1Bedrooms and 2 Full-Washroom, Newer Kitchen, Hardwood Floor, Newer Windows. Perfect Home For Family In a Nice Neighbourhood. Close To Schools, Churches, Transit & Parks, Nearby UOT. The Entire House For Rent and Easy Access To Hwy401. More detailsListed by REAL ONE REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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Upper 198 Earlscourt Avenue in Toronto: Corso Italia-Davenport House for lease (Toronto W03) : MLS®# W12450886
Upper 198 Earlscourt Avenue Toronto M6E 4B1
$3,990Residential Freehold- Status:
- For Lease
- MLS® Num:
- W12450886
- Bedrooms:
- 3
- Bathrooms:
- 2
Welcome to this tastefully fully renovated 2-storey home in the heart of St Clair West Village. High end finishes through and walking distance to many amenities and transportation. The home comes fully furnished and decorated. Private backyard with access to a detached 2 car garage and lane way. Private Laundry room in the basement. Tenant pays 70% of utilities. More detailsListed by ROYAL LEPAGE SIGNATURE REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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Basement 289 Coronation Drive in Toronto: West Hill House for lease (Toronto E10) : MLS®# E12450916
Basement 289 Coronation Drive Toronto M1E 2J5
$2,100Residential Freehold- Status:
- For Lease
- MLS® Num:
- E12450916
- Bedrooms:
- 2
- Bathrooms:
- 1
Bright and Spacious 2-Bedroom Basement Apartment with Large Above-Ground Windows! Enjoy an abundance of natural sunlight throughout the day in this well-maintained unit featuring generously sized bedrooms and a spacious living area, all with oversized windows. The modern 4-piece bathroom was fully upgraded in 2025 with contemporary cabinetry and a stylish shower fixture. The unit also includes a full kitchen with ample storage and pot lights, as well as a private ensuite laundry for added convenience. A perfect combination of comfort, space, and natural light! More detailsListed by HOMELIFE/MIRACLE REALTY LTD- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Data was last updated October 8, 2025 at 07:15 PM (UTC)
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Why Choose an Affordable Home in Toronto
• Entry-level pricing in the heart of the GTA
• Located in emerging neighbourhoods with long-term growth
• Ideal for first-time buyers or investors
• Lower property taxes and maintenance costs
• Quick access to TTC, GO Transit, and essential amenities
Affordable Homes – What You’ll Find in Toronto
Toronto’s most affordable housing options may include resale condos, starter townhouses, and smaller detached or semi-detached homes featuring:
• 1 to 3 bedroom layouts with efficient floorplans
• Older homes with renovation potential
• Condo units in mid-rise or low-rise buildings with reasonable maintenance fees
• Proximity to transit, parks, schools, and shopping districts
Start Your Search for Affordable Homes in Toronto Today
Browse our updated listings of affordable homes in Toronto and let our experienced team help you book viewings, arrange financing, and navigate the market. We’re here to make your homeownership journey easier without breaking the bank.
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Each link provides updated listings and expert insights.
FAQs – Affordable Homes Toronto
1. What is considered an affordable home in Toronto?
Typically, homes under $700,000 are considered affordable by Toronto standards, though this can vary by property type and location.
2. Are there affordable detached homes in Toronto?
They are limited but possible—often in outer neighbourhoods or smaller footprints with renovation potential.
3. What areas in Toronto have affordable housing options?
Neighbourhoods like Scarborough, East York, Weston, and parts of North York often offer more affordable prices.
4. Can first-time buyers qualify for incentives on affordable homes?
Yes. Programs like the First-Time Home Buyer Incentive and Land Transfer Tax rebates can help reduce upfront costs.
Get The Royal Treatment
When it comes to buying a home, you deserve real estate guidance from a team that truly cares about your long-term investment and client experience. Find out what it’s like to get the Royal Treatment by booking a buying consultation today.