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.
Main 1087 GERRARD Street E
Toronto
M4M 1Z9
$2,990
Residential Freehold
beds: 3
baths: 2.0
- Status:
- For Lease
- Prop. Type:
- Residential Freehold
- MLS® Num:
- E12395954
- Bedrooms:
- 3
- Bathrooms:
- 2
- Photos (10)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Lease Term:
- 12 Months
- Lease Agreement:
- Yes
- Property Portion Lease:
- Main
- Payment Frequency:
- Monthly
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- 3-Storey
- Total Approx Floor Area:
- 700-1100
- Direction Faces:
- North
- Bedrooms:
- 3
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 1
- Bedrooms Above Grade:
- 3
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 6
- Portion Lease Comment:
- main floor only
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Poured Concrete
- Roof:
- Asphalt Shingle
- Basement:
- None
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- No
- Possession Details:
- ASAP/FLEX
- Pool:
- None
- Link:
- No
- Payment Method:
- Cheque
- Security Deposit Required:
- Yes
- References Required:
- Yes
- Rental Application Required:
- Yes
- Credit Check:
- Yes
- Employment Letter:
- Yes
- Assessment:
- $- / -
- Toronto E01
- South Riverdale
- Toronto
- Hospital, Place Of Worship, Public Transit, Rec./Commun.Centre, School, Waterfront
- Carpet Free
- All utilities, all ELFs, all window coverings
- wifi, laundry, parking
- Brick
- Yes
- No
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 14'11" × 9'5"
- Large Window, Pot Lights, Ceramic Floor
- Main
- Kitchen
- 14'11" × 9'5"
- Modern Kitchen, Quartz Counter, Stainless Steel Appl
- Main
- Dining Room
- 14'11" × 9'5"
- Combined w/Living, Open Concept, Ceramic Floor
- Main
- Primary Bedroom
- 12'8" × 10'5"
- East View, Large Closet, 4 Pc Ensuite
- Main
- Bedroom 2
- 12'5" × 9'8"
- Window, Closet, W/O To Yard
- Main
- Bedroom 3
- 9'6" × 8'11"
- Closet, SW View, Bay Window
- Special Designation:
- Unknown
- Furnished:
- Unfurnished
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- No
- Laundry Access:
- None, Outside
-
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- Listings on market:
- 13
- Avg list price:
- $1,798,000
- Min list price:
- $899,900
- Max list price:
- $2,899,000
- Avg days on market:
- 58
- Min days on market:
- 1
- Max days on market:
- 104
- 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.
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- Condos for Sale in Toronto Under $400K
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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.