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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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We have found a total of 3,107 listings, but only 1,500 are available for public display. Please refine your criteria, in order to narrow the total number of matching listings.
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  • 25 Tristan Crescent in Toronto: Hillcrest Village House for lease (Toronto C15) : MLS®# C12958862

    25 Tristan Crescent Hillcrest Village Toronto M2H 1X2
    Main Photo: 25 Tristan Crescent in Toronto: Hillcrest Village House for lease (Toronto C15) : MLS®# C12958862

    25 Tristan Crescent Toronto M2H 1X2 Hillcrest Village

    $1,900
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12958862
    Bedrooms:
    2
    Bathrooms:
    1
    Basement Apartment unit. A very Spacious 2-bedroom apartment located in A very Quiet Street. There are Tennis courts and a playground down the street. Laminate Floor Throughout for easy cleaning. Separate Private Entrance. Close to excellent Schools: A.Y Jackson S.S., Zion Heights; Ms. Cresthaven P.S. Easy Access to TTC, Hwy 404. One bus to Subway, close to Shopping, Seneca College, etc. Price includes all utilities plus Wi-Fi and one parking space. (If needed, two parking spaces can be managed with the right tenants) More details
    Listed by HOMELIFE NEW WORLD REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Upper 7 Leavey Court in Toronto: Bayview Woods-Steeles House for lease (Toronto C15) : MLS®# C12958880

    Upper 7 Leavey Court Bayview Woods-Steeles Toronto M2H 1E5
    Main Photo: Upper 7 Leavey Court in Toronto: Bayview Woods-Steeles House for lease (Toronto C15) : MLS®# C12958880

    Upper 7 Leavey Court Toronto M2H 1E5 Bayview Woods-Steeles

    $3,200
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12958880
    Bedrooms:
    3
    Bathrooms:
    2
    Absolutely Stunning Upper Level 3 Bedroom Apartment With Ensuite Washroom And Separate Laundry Facility. Located In A Excellent School District, Within Walking Distance Of Transit, Shopping, Community Centre, And Colleges Including Chiropratic, Naturopathy And Seneca. Open Concept With Living Dining. PARKING: two only (one in Garage one outside), No parking within 2 feet of Drain well area. Utility account still in landlord name, but must pay bill in 3 days after landlord notice. Tenant pay 60% of the utility bill of the house while basement people pay 40% left, or 95% when the basement is empty no tenant. Two months before the tenant leaves, the tenant needs to prepay the utilities bills based on actual meter reading if got or the previous latest month amount got. All utility fees must be paid and cleared 30 days before the termination date (can adjust later when actual cost come). Basement, backyard, any property and plants in the backyard is not included in the lease. More details
    Listed by NEW TIMES REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 1B 336 The West Mall in Toronto: Etobicoke West Mall House for lease (Toronto W08) : MLS®# W12958876

    1B 336 The West Mall Etobicoke West Mall Toronto M9C 1E4
    Main Photo: 1B 336 The West Mall in Toronto: Etobicoke West Mall House for lease (Toronto W08) : MLS®# W12958876

    1B 336 The West Mall Toronto M9C 1E4 Etobicoke West Mall

    $2,200
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12958876
    Bedrooms:
    2
    Bathrooms:
    1
    Welcome to this sun-filled, east-facing 2 bedroom unit in a quiet, low-rise building in the heart of The West Mall. Overlooking lush greenery, it's the perfect place to relax and unwind. This thoughtfully designed layout offers space that's hard to find, featuring a separate living room, dedicated dining area, and a kitchen with full-sized appliances. The unit includes one locker, one surface parking space, and access to shared laundry in the basement. Enjoy the convenience of on-site visitor parking. Ideally located just steps from parks, schools, shopping, and a TTC bus stop right outside the building, this home offers the perfect blend of comfort, community, and convenience. Only 10 minutes to the airport. More details
    Listed by RIGHT AT HOME REALTY
    LISTING DETAILS
    DARYL KING

  • Upper 37 Morgan Avenue in Toronto: Stonegate-Queensway House for lease (Toronto W07) : MLS®# W12958882

    Upper 37 Morgan Avenue Stonegate-Queensway Toronto M8Y 2Z9
    Main Photo: Upper 37 Morgan Avenue in Toronto: Stonegate-Queensway House for lease (Toronto W07) : MLS®# W12958882

    Upper 37 Morgan Avenue Toronto M8Y 2Z9 Stonegate-Queensway

    $2,450
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12958882
    Bedrooms:
    2
    Bathrooms:
    1
    What Morgan can you ask for? This spacious apartment has everything that you would want - located in the highly desirable Stonegate-Queensway neighbourhood. The two generously sized bedrooms and living room offers a welcoming and inviting space for anyone! One parking spot included and just steps away from access to highways, public transit, plenty of shops, restaurants, cafes, and entertainment. More details
    Listed by PSR
    LISTING DETAILS
    DARYL KING

  • Main Floor 37 Bayard Avenue in Toronto: Wexford-Maryvale House for lease (Toronto E04) : MLS®# E12959042

    Main Floor 37 Bayard Avenue Wexford-Maryvale Toronto M1R 4A4
    Main Photo: Main Floor 37 Bayard Avenue in Toronto: Wexford-Maryvale House for lease (Toronto E04) : MLS®# E12959042

    Main Floor 37 Bayard Avenue Toronto M1R 4A4 Wexford-Maryvale

    $2,700
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12959042
    Bedrooms:
    3
    Bathrooms:
    1
    Bright & Spacious Bungalow On A Quiet Street. Main Floor For Lease. 3 Bedrooms, 4Pc Bathroom. Living/Dining, Kitchen. Huge Backyard & Long Driveway. ***2 Parking Spaces On The Driveway***. Quiet Neighborhood. Close To All Amenities. More details
    Listed by BAY STREET GROUP INC.
    LISTING DETAILS
    DARYL KING

  • MAIN 8 Storey Crescent in Toronto: Eringate-Centennial-West Deane House for lease (Toronto W08) : MLS®# W12959044

    MAIN 8 Storey Crescent Eringate-Centennial-West Deane Toronto M9B 3C8
    Main Photo: MAIN 8 Storey Crescent in Toronto: Eringate-Centennial-West Deane House for lease (Toronto W08) : MLS®# W12959044

    MAIN 8 Storey Crescent Toronto M9B 3C8 Eringate-Centennial-West Deane

    $3,380
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12959044
    Bedrooms:
    3
    Bathrooms:
    2
    Looking for a spacious, family-friendly home in Toronto's sought-after Eringate neighborhood? Look no further! This charming Detached Bungalow checks all the boxes for comfortable, convenient living. The single-level design means no stairs-perfect for kids, seniors, or anyone who hates climbing!Big, bright windows throughout keep the home airy and sunny all day long.3 assigned parking spots + a private driveway/garage. No more street parking stress! Well-maintained, move-in condition. A quiet, established family community.Close to grocery stores, restaurants, parks, and local amenities.Bus stops nearby-easy commute to downtown Toronto.Great Schools: Zoned for top-rated schools (bonus for families!). Ideal for small families, professionals, or anyone wanting a quiet, private home without the noise of an apartment. More details
    Listed by BAY STREET GROUP INC.
    LISTING DETAILS
    DARYL KING

  • 97 Valecrest Drive in Toronto: Edenbridge-Humber Valley House for lease (Toronto W08) : MLS®# W12959150

    97 Valecrest Drive Edenbridge-Humber Valley Toronto M9A 4P5
    Main Photo: 97 Valecrest Drive in Toronto: Edenbridge-Humber Valley House for lease (Toronto W08) : MLS®# W12959150

    97 Valecrest Drive Toronto M9A 4P5 Edenbridge-Humber Valley

    $5,900
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12959150
    Bedrooms:
    4
    Bathrooms:
    3
    Sprawling bungalow set on a premium, pie-shaped lot widening at the rear, offering exceptional outdoor space in one of Toronto's most coveted neighbourhoods. Featuring a rare 40 x 20 ft inground swimming pool, this property is perfect for summer entertaining, family enjoyment, and private relaxation.This well-appointed home offers a functional layout with generously sized principal rooms, abundant natural light, and comfortable family living throughout. Nestled on a quiet, tree-lined street surrounded by multi-million dollar estates, it provides the ideal balance of prestige and community.Located in the heart of Edenbridge-Humber Valley, just minutes to top-rated public and private schools, scenic parks and trails, golf courses, shopping, dining, and Pearson Airport. Enjoy quick and convenient access to major highways and public transit, making commuting seamless.A rare opportunity to lease in an exclusive enclave-perfect for families or executives seeking space, privacy, and location. More details
    Listed by SUTTON GROUP-ADMIRAL REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Lower Back 226 Pleasant Avenue in Toronto: Newtonbrook West House for lease (Toronto C07) : MLS®# C12958680

    Lower Back 226 Pleasant Avenue Newtonbrook West Toronto M2M 1M5
    Main Photo: Lower Back 226 Pleasant Avenue in Toronto: Newtonbrook West House for lease (Toronto C07) : MLS®# C12958680

    Lower Back 226 Pleasant Avenue Toronto M2M 1M5 Newtonbrook West

    $1,600
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12958680
    Bedrooms:
    1
    Bathrooms:
    1
    Brand New, Never-Lived-In 1-Bedroom Legal Lower-Level Unit for Lease with ONE parking, Ensuite Laundry and Private entrance offering modern comfort, privacy, and exceptional value. Thoughtfully designed with a functional layout, this bright and inviting space is ideal for professionals or couples. Featuring a stylish contemporary kitchen with sleek cabinetry, quartz countertops, and stainless steel appliances, the unit opens into a spacious living and dining area. Large windows and quality finishes throughout enhance the bright, welcoming atmosphere. The generously sized bedroom offers ample closet space, while the modern bathroom is finished with elegant fixtures and clean design. Enjoy the convenience of a private separate entrance and exclusive in-unit laundry, providing complete independence. Situated in a desirable neighborhood close to transit, schools, parks, and everyday amenities. More details
    Listed by REAL ESTATE HOMEWARD
    LISTING DETAILS
    DARYL KING

  • Upper 108 Jones Avenue in Toronto: South Riverdale House for lease (Toronto E01) : MLS®# E12958718

    Upper 108 Jones Avenue South Riverdale Toronto M4M 2Z8
    Main Photo: Upper 108 Jones Avenue in Toronto: South Riverdale House for lease (Toronto E01) : MLS®# E12958718

    Upper 108 Jones Avenue Toronto M4M 2Z8 South Riverdale

    $1,950
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12958718
    Bedrooms:
    2
    Bathrooms:
    1
    Two Large Principal Rooms With Lots Of Natural Light. Great Storage And Space. Amazing Location Steps To Transit, Libraries, Restaurants, Entertainment, Shopping, Highways, Parks Schools, Street Permit Parking. All Appliances Included. Showing availabe on Everyday from 9am-8pm. More details
    Listed by BEST UNION REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 404 Queen Street W in Toronto: Kensington-Chinatown House for lease (Toronto C01) : MLS®# C12958744

    404 Queen Street W Kensington-Chinatown Toronto M5V 2A6
    Main Photo: 404 Queen Street W in Toronto: Kensington-Chinatown House for lease (Toronto C01) : MLS®# C12958744

    404 Queen Street W Toronto M5V 2A6 Kensington-Chinatown

    $2,950
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12958744
    Bedrooms:
    2
    Bathrooms:
    1
    Brand new renovated, spacious 2-bedroom unit located right on Queen St W. Features a private entrance to a self-contained 2 Floors (2nd and 3rd) suite with plenty of natural light from windows. One of the room has a ceiling height over 10 feet, which gives you a comfortable sanctuary in your bedroom. Just steps to Queen West and Spadina streetcars, restaurants, bars, cafes, and shopping. PARKING can be available for an additional $150 / month. More details
    Listed by FIRST CLASS REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 203 133 Dunn Avenue in Toronto: South Parkdale House for lease (Toronto W01) : MLS®# W12958756

    203 133 Dunn Avenue South Parkdale Toronto M6K 2R8
    Main Photo: 203 133 Dunn Avenue in Toronto: South Parkdale House for lease (Toronto W01) : MLS®# W12958756

    203 133 Dunn Avenue Toronto M6K 2R8 South Parkdale

    $1,900
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12958756
    Bedrooms:
    1
    Bathrooms:
    1
    Sweet Apartment In Beautiful Victorian On Tree-Lined Street In Heart Of South Parkdale. Steps To King Street Car, The Lake And Easy Highway Access. Great Layout With Bright Living Area. Parking Included! More details
    Listed by SUTTON GROUP OLD MILL REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Basement 26 Eunice Road in Toronto: Bayview Village House for lease (Toronto C15) : MLS®# C12958780

    Basement 26 Eunice Road Bayview Village Toronto M2K 2V5
    Main Photo: Basement 26 Eunice Road in Toronto: Bayview Village House for lease (Toronto C15) : MLS®# C12958780

    Basement 26 Eunice Road Toronto M2K 2V5 Bayview Village

    $2,000
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12958780
    Bedrooms:
    2
    Bathrooms:
    2
    7 Mins Walk To Bessarion Subway Station. Well Maintained Walkout Basement Apt For Lease. 2 Bedrooms And 2 Washrooms. New Kitchen, New Pot Lights, New Painting. Tenant Will Pay 30% Of Utilities (Hydro, Gas, Water). High-Speed Wifi Is Included. More details
    Listed by AIMHOME REALTY INC.
    LISTING DETAILS
    DARYL KING
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Data was last updated April 6, 2026 at 06:15 AM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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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.

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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.

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