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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Main 62 Slan Avenue

Morningside Toronto M1G 3B8

$2,500

Residential Freehold beds: 3 baths: 1.0

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• Details
• Photos
• Map

Status:

For Lease

Prop. Type:

Residential Freehold

MLS® Num:

E12956424

Bedrooms:

3

Bathrooms:

1

• Photos (11)

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**Main Floor for Lease - Pride of Ownership in Scarborough!**Well-maintained 3-bedroom bungalow (main floor only) in a desirable Scarborough neighbourhood. This bright and inviting home features beautiful hardwood flooring throughout, a functional layout, and spacious principal rooms. Enjoy shared laundry facilities and the convenience of 2 parking spaces. Ideal for tenants seeking a clean, comfortable, and well-cared-for home.

General Info:

Lease Term:

12 Months

Lease Agreement:

Yes

Property Portion Lease:

Main

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Lot Depth:

138'42.1 m

Lot Frontage:

40'12.2 m

Lot Details:

40.00 x 138.00 Feet

Direction Faces:

South

Bedrooms:

3

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

# Main Level Bedrooms:

2

# Main Level Bathrooms:

0

Rooms Above Grade:

6

Rooms:

6

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Cooling:

Yes

Foundation:

Concrete

Roof:

Asphalt Shingle

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Available

Parking Spaces:

2

Total Parking Spaces:

2.0

Family Room:

No

Pool:

None

Link:

No

Financial Info:

Security Deposit Required:

Yes

References Required:

Yes

Rental Application Required:

Yes

Credit Check:

Yes

Employment Letter:

Yes

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E09

Listing Sub-Area:

Morningside

Property Features / Area Influences:

Hospital, Library, Park, Place Of Worship, Public Transit, School

Interior Features:

None

Exterior Finish:

Brick

Elevator:

No

Private Entrance:

No

Buy option:

No

Room Information:

Floor

Type

Size

Other

Main

Living Room

15'3"4.65 m × 11'10½"3.62 m

Hardwood Floor, Picture Window

Main

Dining Room

12'3"3.73 m × 8'10"2.69 m

Hardwood Floor, Combined w/Living

Main

Kitchen

15'1"4.60 m × 9'10"3.00 m

Ceramic Floor, Eat-in Kitchen

Main

Primary Bedroom

13'4¼"4.07 m × 10'2"3.10 m

Hardwood Floor, Closet

Main

Bedroom 2

10'10"3.30 m × 9'6"2.90 m

Hardwood Floor, Closet

Main

Bedroom 3

9'3"2.82 m × 7'6"2.29 m

Hardwood Floor, Closet

Other Details:

UFFI:

No

Special Designation:

Unknown

Furnished:

Unfurnished

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Laundry Level:

Lower Level

Listing Info:

Date Listed:

Apr 04, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX REALTRON REALTY INC.

Data was last updated April 8, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

12

Avg list price:

$953,844

Min list price:

$789,000

Max list price:

$1,499,000

Avg days on market:

16

Min days on market:

6

Max days on market:

78

These statistics are generated based on the current listing's property type and located in Morningside. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

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.