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.
48 Lionel Heights Crescent
Toronto
M3A 1M1
$3,500
Residential Freehold
beds: 4
baths: 2.0
- Status:
- For Lease
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C12960718
- Bedrooms:
- 4
- Bathrooms:
- 2
- Photos (21)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Lease Term:
- 12 Months
- Lease Agreement:
- Yes
- Property Portion Lease:
- Entire Property
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- Sidesplit 4
- Total Approx Floor Area:
- 1500-2000
- Lot Depth:
- 110'½"
- Lot Frontage:
- 55'
- Direction Faces:
- North
- Bedrooms:
- 4
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 1
- Bedrooms Above Grade:
- 4
- Kitchens Above Grade:
- 1
- # Main Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- Rooms Above Grade:
- 7
- Rooms Below Grade:
- 1
- Rooms:
- 8
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Cooling:
- Yes
- Foundation:
- Unknown
- Roof:
- Asphalt Shingle
- Basement:
- Finished
- Fireplace/Stove:
- No
- Attached Garage:
- Yes
- Garage:
- Attached
- Garage Spaces:
- 1.0
- Parking Features:
- Private
- Parking Spaces:
- 3
- Total Parking Spaces:
- 4.0
- Family Room:
- No
- Possession Details:
- TBA
- Pool:
- None
- Link:
- No
- Security Deposit Required:
- Yes
- References Required:
- Yes
- Rental Application Required:
- Yes
- Credit Check:
- Yes
- Employment Letter:
- Yes
- Assessment:
- $- / -
- Toronto
- Toronto C13
- Parkwoods-Donalda
- Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
- Carpet Free
- Hot Water Tank
- Elfs, Fridge, Stove, B/I Dishwasher, Washer, Dryer.
- Brick, Aluminum Siding
- Yes
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 16'4" × 12'4"
- Bay Window, Vinyl Floor
- Main
- Dining Room
- 9'11" × 9'10"
- Bay Window, Vinyl Floor
- Main
- Kitchen
- 11'3" × 9'1"
- Eat-in Kitchen, W/O To Deck
- Upper
- Primary Bedroom
- 15'4" × 11'2"
- His and Hers Closets, Vinyl Floor
- Upper
- Bedroom 2
- 11'4¼" × 9'3"
- Closet, Vinyl Floor
- Lower
- Bedroom 3
- 11'3" × 9'5"
- Closet, Vinyl Floor
- Lower
- Bedroom 4
- 10'4" × 7'5¾"
- Closet, Vinyl Floor
- Basement
- Recreation
- 16'1" × 13'4"
- Vinyl Floor, Window
- Basement
- Laundry
- 21' × 7'7"
- Special Designation:
- Unknown
- Furnished:
- Unfurnished
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Access:
- Ensuite
-
Photo 1 of 21 -
Photo 2 of 21
-
Photo 3 of 21
-
Photo 4 of 21
-
Photo 5 of 21
-
Photo 6 of 21
-
Photo 7 of 21
-
Photo 8 of 21
-
Photo 9 of 21
-
Photo 10 of 21
-
Photo 11 of 21
-
Photo 12 of 21
-
Photo 13 of 21
-
Photo 14 of 21
-
Photo 15 of 21
-
Photo 16 of 21
-
Photo 17 of 21
-
Photo 18 of 21
-
Photo 19 of 21
-
Photo 20 of 21
-
Photo 21 of 21
- Listings on market:
- 22
- Avg list price:
- $1,649,000
- Min list price:
- $1,198,000
- Max list price:
- $6,229,000
- Avg days on market:
- 33
- Min days on market:
- 1
- Max days on market:
- 359
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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.
Explore More GTA Homes:
- Condos for Sale in Toronto Under $350K
- Waterfront Cottages for Sale in Ontario under $300000
- Houses for Sale Richmond Hill under $500000
- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
- Thornhill Homes For Sale
- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
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.