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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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  • Main 62 Slan Avenue in Toronto: Morningside House for lease (Toronto E09) : MLS®# E12956424

    Main 62 Slan Avenue Morningside Toronto M1G 3B8
    Main Photo: Main 62 Slan Avenue in Toronto: Morningside House for lease (Toronto E09) : MLS®# E12956424

    Main 62 Slan Avenue Toronto M1G 3B8 Morningside

    $2,500
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12956424
    Bedrooms:
    3
    Bathrooms:
    1
    **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. More details
    Listed by RE/MAX REALTRON REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Main 16 Stephenfrank Road in Toronto: Bendale House for lease (Toronto E09) : MLS®# E12956468

    Main 16 Stephenfrank Road Bendale Toronto M1P 3W3
    Main Photo: Main 16 Stephenfrank Road in Toronto: Bendale House for lease (Toronto E09) : MLS®# E12956468

    Main 16 Stephenfrank Road Toronto M1P 3W3 Bendale

    $2,599
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12956468
    Bedrooms:
    3
    Bathrooms:
    1
    Welcome To 16 Stephenfrank Rd, A Stunning 3-Bedroom House That Has Just Undergone A Complete Renovation With High-End Finishes. This Gorgeous Home Boasts Stainless Steel Appliances, All Brand New, And A 4-Piece Bathroom With Heated Flooring. The Living Area Features Large Windows, Allowing For Plenty Of Natural Light To Flood The Space. Located In A Highly Desirable Neighborhood, This House Is Conveniently Situated Close To Major Amenities, Parks, Shopping, And Public Transportation. It's Just A Short Distance From Scarborough Town Centre, One Of The Largest Shopping Malls In Toronto, And Is Within Walking Distance To The Beautiful Thomson Memorial Park. For Commuters, This House Is Conveniently Located Close To Public Transit, Including The Scarborough Centre Subway Station, Which Provides Easy Access To Downtown Toronto. It's Also Just A Short Drive To Highway 401, Making It Easy To Get Around The City By Car. Don't Miss Your Chance To Call This Beautifully Renovated House Your Home! This Home Also Includes A Carport And An Additional Parking Spot On The Driveway, As Well As A Good-Sized Front And Back Yard For Outdoor Enjoyment. Utilities Share 70% More details
    Listed by EXP REALTY
    LISTING DETAILS
    DARYL KING

  • 16 Strathmore Boulevard in Toronto: Danforth House for lease (Toronto E03) : MLS®# E12956502

    16 Strathmore Boulevard Danforth Toronto M4J 1P2
    Main Photo: 16 Strathmore Boulevard in Toronto: Danforth House for lease (Toronto E03) : MLS®# E12956502

    16 Strathmore Boulevard Toronto M4J 1P2 Danforth

    $1,400
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12956502
    Bedrooms:
    1
    Bathrooms:
    1
    Welcome to a vibrant and sought-after community of the Danforth! A spacious well maintained 1 Bdr main floor unit right at the heart of it offering generous size living area and a bedroom, overlooking a quiet back yard. No carpets throughout, neutral decor and a full washroom. Compact kitchen is nicely separated from the living. Street permit parking is available. Quiet neighbourhood but just steps to subway, TTC, local shops, businesses and restaurants. Tenant pays 40%of utilities. More details
    Listed by UPPERSIDE REAL ESTATE LIMITED
    LISTING DETAILS
    DARYL KING

  • 1492 King Street W in Toronto: South Parkdale House for lease (Toronto W01) : MLS®# W12956488

    1492 King Street W South Parkdale Toronto M6K 1J3
    Main Photo: 1492 King Street W in Toronto: South Parkdale House for lease (Toronto W01) : MLS®# W12956488

    1492 King Street W Toronto M6K 1J3 South Parkdale

    $1,800
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12956488
    Bedrooms:
    1
    Bathrooms:
    1
    Main Floor Apartment With Separate Entrance In A Handsome 3-Story Semi-Detached House In Parkdale. Features Including Cozy Livingroom, Updated Kitchen And Bathroom. Beautiful Perennial Gardens Front And Back. Steps To The Lake, Roncesvalles, Queen West And Ttc, Supermarket And Stores - Easy Access To Downtown. Tenant Pays Hydro, Gas, Water. More details
    Listed by HOMELIFE LANDMARK REALTY INC.
    LISTING DETAILS
    DARYL KING

  • BSMT 49 McGregor Road in Toronto: Dorset Park House for lease (Toronto E04) : MLS®# E12955592

    BSMT 49 McGregor Road Dorset Park Toronto M1P 1C9
    Main Photo: BSMT 49 McGregor Road in Toronto: Dorset Park House for lease (Toronto E04) : MLS®# E12955592

    BSMT 49 McGregor Road Toronto M1P 1C9 Dorset Park

    $1,999
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12955592
    Bedrooms:
    2
    Bathrooms:
    2
    Bright and spacious 2 bedroom, 2 bath basement apartment. Lovely laminate flooring and gleaming tiles throughout, stainless steel appliances, pot lights and large above grade windows bringing in ample sunlight. Beautifully renovated space in a great family neighbourhood. Close to everything that matters, Hwy 401, TTC, Costco, grocery stores, shops, schools, parks and so much more! More details
    Listed by BESPOKE REALTY INC.
    LISTING DETAILS
    DARYL KING
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  • Basement 55 Danby Avenue in Toronto: Bathurst Manor House for lease (Toronto C06) : MLS®# C12954398

    Basement 55 Danby Avenue Bathurst Manor Toronto M3H 2J4
    Main Photo: Basement 55 Danby Avenue in Toronto: Bathurst Manor House for lease (Toronto C06) : MLS®# C12954398

    Basement 55 Danby Avenue Toronto M3H 2J4 Bathurst Manor

    $2,100
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12954398
    Bedrooms:
    2
    Bathrooms:
    1
    ***Desirable Bathurst Manor Neighborhood***Separate Entrance To Finished Basement***Two Bedrooms With Full Kitchen And Bathroom***Open Concept Living Room***Quiet Street In Top Ranked Willam Lyon Mackenzie CI***Laundry in area***Walk To Earl Bales Park*** More details
    Listed by RE/MAX REALTRON REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Upper 65 Holcolm Road in Toronto: Willowdale West House for lease (Toronto C07) : MLS®# C12954466

    Upper 65 Holcolm Road Willowdale West Toronto M2N 2C8
    Main Photo: Upper 65 Holcolm Road in Toronto: Willowdale West House for lease (Toronto C07) : MLS®# C12954466

    Upper 65 Holcolm Road Toronto M2N 2C8 Willowdale West

    $2,700
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12954466
    Bedrooms:
    2
    Bathrooms:
    1
    Location, location, location! * Rare to find a rental property in such great condition and with excellent landlords too! * Walk to Finch Subway Station, Yonge St for Shopping, Restaurants and Entertainment * Fully Renovated Unit with 2 Large Bedrooms, 1 Bathroom, Ensuite Laundry, Big Kitchen & Huge Shared Backyard * Private Parking & Super Neighbours * Excellent Schools & Parks * Quiet Street in a Fantastic Neighbourhood * Short drive to 401 and 407 * Edithvale Community Centre is just a few minutes walk with gym, weight room, running track and community programs * (Note some pictures show the house when it was staged or vacant, it currently has tenants furniture in it). More details
    Listed by ROYAL LEPAGE SIGNATURE REALTY
    LISTING DETAILS
    DARYL KING

  • Main 4010 Ellesmere Road in Toronto: Highland Creek House for lease (Toronto E10) : MLS®# E12954492

    Main 4010 Ellesmere Road Highland Creek Toronto M1C 1J2
    Main Photo: Main 4010 Ellesmere Road in Toronto: Highland Creek House for lease (Toronto E10) : MLS®# E12954492

    Main 4010 Ellesmere Road Toronto M1C 1J2 Highland Creek

    $2,800
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12954492
    Bedrooms:
    3
    Bathrooms:
    1
    Welcome to this beautifully updated 3-bedroom home offering both comfort and exceptional convenience. Featuring a fully renovated basement apartment with a separate private entrance, this property is perfect for extended family or additional rental potential. The home boasts a modern kitchen with stainless steel appliances, along with a spacious two-car garage and ample driveway parking. Situated in a highly desirable neighbourhood, you're just steps to TTC transit, minutes to the University of Toronto Scarborough and Centennial College, plus close to shopping, the GO Station, and everyday amenities. Quick access to Highway 401 makes commuting effortless. More details
    Listed by ROYAL LEPAGE IGNITE REALTY
    LISTING DETAILS
    DARYL KING

  • 1 87 Medland Crescent in Toronto: High Park North House for lease (Toronto W02) : MLS®# W12954478

    1 87 Medland Crescent High Park North Toronto M6P 2N3
    Main Photo: 1 87 Medland Crescent in Toronto: High Park North House for lease (Toronto W02) : MLS®# W12954478

    1 87 Medland Crescent Toronto M6P 2N3 High Park North

    $1,850
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W12954478
    Bedrooms:
    1
    Bathrooms:
    1
    Charming one-bedroom, furnished, all-inclusive available now for $1850.00Welcome to a delightful retreat nestled on a serene side street near High Park. This prime location offers the perfect blend of tranquillity and convenience, with Keele or High Park subway stations just a short stroll away. Explore the vibrant Bloor West Village or Junction for all your shopping and dining needs, all within walking distance.For the outdoor enthusiast, High Park, Keele Community Centre, and the LA Fitness provide endless opportunities for walking, jogging, swimming, biking, and even visiting the zoo or catching a play at the Shakespeare Theatre.This cozy second-floor one-bedroom apartment features a charming kitchen and beautiful hardwood floors, facing West to watch the sunset from a huge balcony. Enjoy the convenience of basement laundry (no coins required), and the comfort of living in a quiet, non-smoking household. Currently furnished but can come unfurnished. Available for immediate occupancy. More details
    Listed by RE/MAX WEST REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 40 Massie Street in Toronto: Agincourt South-Malvern West House for lease (Toronto E07) : MLS®# E12954604

    40 Massie Street Agincourt South-Malvern West Toronto M1S 3Z6
    Main Photo: 40 Massie Street in Toronto: Agincourt South-Malvern West House for lease (Toronto E07) : MLS®# E12954604

    40 Massie Street Toronto M1S 3Z6 Agincourt South-Malvern West

    $1,400
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12954604
    Bedrooms:
    1
    Bathrooms:
    1
    Welcome to 40 Massie Street, Scarborough! Located in a highly desirable and quiet neighborhood, this fully furnished unit offers both comfort and convenience. Just steps to TTC, shopping, and everyday essentials, with easy access to Highway 401, 407, and other key amenities. Perfect for a professional single tenant seeking a peaceful living environment. Fully furnished for a move-in ready experience. Basic TV cable included and Quiet neighborhood. Tenant responsible for40% of utilities (electricity, gas, and water. No parking available. AAA tenant preferred. More details
    Listed by RE/MAX COMMUNITY REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 38 Cedarcroft Boulevard S in Toronto: Westminster-Branson House for lease (Toronto C07) : MLS®# C12954714

    38 Cedarcroft Boulevard S Westminster-Branson Toronto M2R 2Z5
    Main Photo: 38 Cedarcroft Boulevard S in Toronto: Westminster-Branson House for lease (Toronto C07) : MLS®# C12954714

    38 Cedarcroft Boulevard S Toronto M2R 2Z5 Westminster-Branson

    $2,650
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C12954714
    Bedrooms:
    3
    Bathrooms:
    4
    Newer Renovation for a Spacious 2 Bedrooms + Living Room or 3 Bedrooms Apartment Unit in a Very Convenient North York Location. Separate Side Entrance. A Large Bedroom with 3 Pcs Ensuite Bath and a Sliding Door W/O to the Backyard on the Ground Level. There is a Powder Room after Entering from the Side Door. Go Down to Basement with 2 Bedrooms both have 3 Pcs Bath and the Spacious Kitchen with Dinning Table. One of the Bedroom can be changed to a Living Room. High Quality Materials used and Professionally Finished. Laminate Floor Through out. Granite Kitchen Counter-top with Stainless Steel Appliances. Many Pot Lights. It is Fully Furnished and Furniture can be Removed According to Tenant's need. Close to Many Amenities: Plazas, Supermarket, Banks, Shopper Drug Drug Mart and Tim Horton etc. More details
    Listed by HOMELIFE NEW WORLD REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Main 120 Stephenson Avenue in Toronto: East End-Danforth House for lease (Toronto E02) : MLS®# E12954676

    Main 120 Stephenson Avenue East End-Danforth Toronto M4C 1G4
    Main Photo: Main 120 Stephenson Avenue in Toronto: East End-Danforth House for lease (Toronto E02) : MLS®# E12954676

    Main 120 Stephenson Avenue Toronto M4C 1G4 East End-Danforth

    $2,650
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E12954676
    Bedrooms:
    3
    Bathrooms:
    1
    Bright & Spacious Main-Level Living with grand backyard! Welcome to 120 Stephenson Ave #Upper, a 3-bedroom suite perfectly situated in a vibrant and highly walkable Toronto neighborhood. This move-in-ready unit features hardwood floors and freshly painted walls throughout, offering a clean aesthetic. Each of the three sizeable bedrooms is designed with comfort in mind, boasting large windows that flood the space with an abundance of natural light. Residents will enjoy the ultimate convenience of one available parking spot and ensuite laundry and a prime location just steps from local parks, diverse dining, and essential grocery stores. With seamless access to the TTC and major transit routes, this property offers the perfect balance of peaceful residential living and effortless city connectivity.The private basement offers abundant storage for tools, bikes, and seasonal gear, while providing the perfect flexible footprint. More details
    Listed by PROPERTY.CA INC.
    LISTING DETAILS
    DARYL KING
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Data was last updated April 4, 2026 at 02:15 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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