Cheapest House for Sale in Toronto – Discover Smart Real Estate Deals
Looking for the cheapest house for sale in Toronto? While Toronto is known for its sky-high real estate prices, budget-conscious buyers can still find great deals in emerging neighbourhoods, older properties, or homes with renovation potential. Whether you’re a first-time buyer or investor, affordable housing opportunities do exist, if you know where to look.
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385 Centennial Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12213162
385 Centennial Road Toronto M1C 2A4 
$445,000Residential Freehold- Status:
- Active
- MLS® Num:
- E12213162
The Property is centrally located within Scarborough's Port Union area which is primarily an established residential neighbourhood. The Site is adjacent to Highway 2A and Highway 401, which are both a 3-minute drive or 2km. There are numerous amenities in the immediate vicinity, including Sir Oliver Mowat Collegiate Institute (3-min drive), Lake Ontario (5-min drive), the Rouge Valley National Urban Park (5-min drive), University of Toronto Scarborough Campus (6-minute drive), Scarborough Town Centre (10-min drive) and the Toronto Zoo (8-min drive). Additionally there are countless restaurants, grocery stores, banks and schools. Rouge Hill GO Train Station is a 5-minute drive from the Site and offers 2-way service between Toronto's Union Station and Oshawa Station along the Lakeshore East GO Line. More detailsListed by CBRE LIMITED- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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19A Cardell Avenue in Toronto: Humberlea-Pelmo Park W4 House for sale (Toronto W04) : MLS®# W12715670
19A Cardell Avenue Toronto M9N 1S4
$519,888Residential Freehold- Status:
- Active
- MLS® Num:
- W12715670
- Bedrooms:
- 4
- Bathrooms:
- 2
Outstanding development opportunity on a severed lot allowing for the construction of two detached homes. The property currently features an existing home with tenants paying $3,000/month. Each severed lot is priced at $519,000, and both lots must be sold together. Buyers have the option to maintain the current rental property or redevelop and build two detached residences of approximately 2,000 sq ft each. See attached plans for details. Motivated seller - bring all offers. More detailsListed by SNOBAR REALTY GROUP INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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19B Cardell Avenue in Toronto: Humberlea-Pelmo Park W4 House for sale (Toronto W04) : MLS®# W12715688
19B Cardell Avenue Toronto M9N 1S4
$519,888Residential Freehold- Status:
- Active
- MLS® Num:
- W12715688
- Bedrooms:
- 4
- Bathrooms:
- 2
Outstanding development opportunity on a severed lot allowing for the construction of two detached homes. The property currently features an existing home with tenants paying $3,000/month. Each severed lot is priced at $519,000, and both lots must be sold together. Buyers have the option to maintain the current rental property or redevelop and build two detached residences of approximately 2,000 sq ft each. See attached plans for details. Motivated seller - bring all offers. More detailsListed by SNOBAR REALTY GROUP INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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308 Blackthorn Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12605304
308 Blackthorn Avenue Toronto M6N 3J3
$539,000Residential Freehold- Status:
- Active
- MLS® Num:
- W12605304
- Bedrooms:
- 3
- Bathrooms:
- 2
Affordable freehold ownership in Weston - Pellam Park! This two bedroom bungalow is a great opportunity for investors, first time buyers, empty nesters and everyone in between! Steps to transit, schools and major routes, this condo-alternative could be your home hub for years to come. More detailsListed by ACCSELL REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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9 Eastpark Boulevard E in Toronto: Woburn House for sale (Toronto E09) : MLS®# E12717338
9 Eastpark Boulevard E Toronto M1H 1C5 OPEN HOUSE: Jan 31, 202602:00 PM - 04:00 PM ESTOpen House on Saturday, January 31, 2026 2:00PM - 4:00PM
$599,888Residential Freehold- Status:
- Active
- MLS® Num:
- E12717338
- Bedrooms:
- 3
- Bathrooms:
- 2
Homes like this don't come around often. Pride of ownership is evident in this spacious 3-level side split, lovingly maintained by the second owners for over 50 years. Ideally situated on a desirable corner lot on a quiet, family-friendly street, this home presents an excellent opportunity for first-time buyers, renovators, or investors in a well-established Scarborough neighbourhood. The functional and generous layout features bright principal rooms, well-sized bedrooms, and a solid structure, providing an ideal foundation to update, customize, or hold as a long-term investment. Recently refreshed with professional painting, the home offers a sense of space both inside and out, complemented by excellent lot presence and flexibility for a variety of uses. Conveniently located close to parks, schools, community centres, public transit, and shopping, including Scarborough Town Centre. Enjoy easy access to Cedar Brook Park and everyday amenities while living in a mature, welcoming community. A rare opportunity to own a well-cared-for family home with exceptional potential in a sought-after location. Property is being sold in "As Is, Where Is" condition with no warranties or representations. *Some photos have been virtually staged.* Public Open House Saturday, January 31, 2-4PM More detailsListed by REALTY WEALTH GROUP INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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49 740 Kennedy Road in Toronto: Ionview House for sale (Toronto E04) : MLS®# E12679954
49 740 Kennedy Road Toronto M1K 2C5
$599,999Residential Freehold- Status:
- Active
- MLS® Num:
- E12679954
- Bedrooms:
- 3
- Bathrooms:
- 2
Welcome to this 2+1 bedroom, 2 washrooms free hold town house located in a highly sought after location in Scarborough. Just steps away from Kennedy Station, GO Transit and the newly built Eglinton LRT. This town home, offers unbeatable convenience for every home buyer and commuters. These functional home features newly installed windows and a finished basement with an additional bedroom providing valuable extra living space for guests, extended family or home office. You'll love being just minutes from highway 401, shopping , schools, parks and all the essentials that make this neighborhood so desirable. A fantastic opportunity for first time home buyers, investors , or anyone looking for a well connected home in a thriving area More detailsListed by RE/MAX ROUGE RIVER REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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898 Eastern Avenue in Toronto: Greenwood-Coxwell House for sale (Toronto E01) : MLS®# E12551998
898 Eastern Avenue Toronto M4L 1A4
$625,000Residential Freehold- Status:
- Active
- MLS® Num:
- E12551998
- Bedrooms:
- 2
- Bathrooms:
- 1
Discover an excellent opportunity to enter the coveted Leslieville market with this well-located semi-detached home in one of Toronto's most vibrant east-end neighbourhoods. Offering solid fundamentals and plenty of potential, this is an ideal starter home for buyers looking to add their own style and personalization over time. Inside, the main floor features an open living and dining layout with durable vinyl plank flooring and a functional kitchen with ample counter space and a walk-out to a private rear patio. Upstairs, two comfortable bedrooms are complemented by a full bathroom with a skylight and six-foot soaker tub, along with the convenience of upper-level laundry. A fenced backyard with a patio and storage shed provides useful outdoor space in the city.Step outside and enjoy the unbeatable lifestyle this area is known for - surrounded by local breweries, cafés, fitness hubs, doggy daycares, parks, and Queen Street East amenities. Transit and downtown access are effortless, making day-to-day living both convenient and connected. A rare chance to get into a sought-after community and make a space truly your own. More detailsListed by RE/MAX ICON REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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149 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12392280
149 Audrey Avenue Toronto M1N 2X9
$634,999Residential Freehold- Status:
- Active
- MLS® Num:
- E12392280
Your Dream Home is calling!! Vacant Land - Calling all buyers and builders. Welcome to Toronto's sought-after Hunt Club neighbourhood located in the Birchcliff-Cliffside area. One of the most desirable neighbourhoods in the Upper Beaches. Measuring approx. 25x100feet, this property presents an exceptional opportunity for builders and contractors to build your next project. Unbeatable location, with easy commute, less than one hour to downtown and just a few steps away from public transit TTC within a 2 minute walk, elementary and secondary schools nearby, Hunt Club, parks, community center, grocery stores, Bluffs and the list goes on. This is a wonderful, growing family friendly community. Don't miss out! Birchcliffe is an area known for its idyllic setting with views of and proximity to Lake Ontario. Financing possible - must meet criteria. More detailsListed by RE/MAX PREMIER INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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195 Islington Avenue in Toronto: New Toronto House for sale (Toronto W06) : MLS®# W12712602
195 Islington Avenue Toronto M8V 3B8
$649,000Residential Freehold- Status:
- Active
- MLS® Num:
- W12712602
- Bedrooms:
- 3
- Bathrooms:
- 2
Experience the charm and endless potential of this bright and inviting semi-detached home - ideal for first-time buyers, smart investors, or anyone looking to enter the freehold market. Featuring a stunningly renovated kitchen, generous principal rooms, and a private backyard perfect for relaxation or entertaining, this property truly has it all. A detached garage and the exciting possibility of adding a laneway house offer even greater value and flexibility. With new developments transforming the surrounding area, this home is poised for instant equity and strong future growth. Conveniently located near shops, the lake, major highways, and public transit, 195 Islington Ave delivers the perfect balance of comfort, convenience, and opportunity. More detailsListed by REAL BROKER ONTARIO LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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337 Craven Road in Toronto: Greenwood-Coxwell House for sale (Toronto E01) : MLS®# E12719698
337 Craven Road Toronto M4L 2Z5 OPEN HOUSE: Jan 31, 202602:00 PM - 04:00 PM ESTOpen House on Saturday, January 31, 2026 2:00PM - 4:00PMOPEN HOUSE: Feb 01, 202602:00 PM - 04:00 PM ESTOpen House on Sunday, February 1, 2026 2:00PM - 4:00PM
$649,000Residential Freehold- Status:
- Active
- MLS® Num:
- E12719698
- Bedrooms:
- 1
- Bathrooms:
- 1
337 Craven: A History to Cherish. A Future to Build. Stop scrolling for "renovated" and start building "remarkable." Welcome to your clean slate - freshly severed and ready for its next vision. A rare East End opportunity for those who want to create something truly their own. Offering 959 sq ft over two floors, this is a home with incredible potential, with the heavy lifting already done - the land division is complete, and the possibilities are wide open. Located in the Toronto & East York District, this property benefits from the 2026 City of Toronto Multiplex Bylaws and progressive "missing middle" zoning, supporting flexible housing forms and future-forward builds. Envision a welcoming front porch for morning coffee and a backyard worthy of an entertainer's dream - the perfect setting to gather, host, and unwind. The location is bulletproof: a 10/10 lifestyle score. Grab a coffee at one of the many wonderful local cafés before hitting the rink at Greenwood Park, then spend your afternoon at The Beaches for a winter stroll or a summer sunset. To the North, the vibrant culture, markets, and restaurants of Little India; to the South, the cinematic charm of Leslieville - and minutes to the future Ontario Line. This is a portal to the very best of Toronto. Bring your architect. Bring your contractor. Bring your imagination. The stage is set - now you get to write the script to your next chapter. More detailsListed by ROYAL LEPAGE ESTATE REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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70A Dunstall Crescent in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12647256
70A Dunstall Crescent Toronto M1E 3M4
$649,900Residential Freehold- Status:
- Active
- MLS® Num:
- E12647256
Most competitively priced building lot in Toronto. Land parcel now fully registered with its own separate PIN. Located in West Hill, an area characterized by mature streets and ongoing custom home development, with a mix of established residences and newer builds. 8,116 sq. ft. pie-shaped lot with approximately 44' of frontage at the setback line, widening to 66' at the rear, allowing for a functional building footprint. TLAB approved for approx. 4,085 sq. ft. above grade (plans in attachments). Multiplex design possible. Features a large front yard setback for on-site parking, with potential for rear street parking access. Neighbouring parcel 70B Dunstall also available for sale, offering the option to acquire side-by-side lots. Minutes to Rouge Hill GO Station, 401 & Kingston Rd. Close to University of Toronto Scarborough Campus (4km),Centennial College (4km), Centenary Hospital (5km), Pan Am Centre (4km), Rouge Valley trails, and Lake Ontario. Existing house sits on both 70A and &70B Dunstall and is being sold in its current state with no warranties or representations. Taxes not yet assessed. More detailsListed by REMAX CONNECT REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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70B Dunstall Crescent in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12647258
70B Dunstall Crescent Toronto M1E 3M4
$649,900Residential Freehold- Status:
- Active
- MLS® Num:
- E12647258
Low-priced per square foot lot in Toronto! Land parcel now fully registered with its own separate PIN. Adjacent parcel 70A Dunstall also available for sale. Located in West Hill, a neighbourhood defined by mature streetscapes and increasing custom home construction. 8,105 sq. ft. pie-shaped lot featuring approximately 46' of frontage measured at the setback line, expanding to 66' along the rear lot line. TLAB approved for approx. 3,957sq. ft. above grade (plans in attachments). Multiplex design possible. The property includes a generous front yard setback for parking, along with potential access from the rear street. Minutes to Rouge Hill GO Station, 401 & Kingston Rd. Close to University of Toronto Scarborough Campus (4km), Centennial College (4km), Centenary Hospital (5km), Pan Am Centre (4km), Rouge Valley trails, and Lake Ontario. Existing house sits on both 70A and 70B Dunstall and is being sold in its current state with no warranties or representations. Taxes not yet assessed. More detailsListed by REMAX CONNECT REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Data was last updated January 29, 2026 at 11:15 PM (UTC)
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Why Affordable Toronto Homes Are Worth Exploring
• Entry point into one of Canada’s hottest real estate markets
• Opportunity to renovate and build equity
• Perfect for investors seeking rental income
• Found in up-and-coming or transitioning neighbourhoods
• Lower property taxes and mortgage payments
What to Expect from the Cheapest Homes in Toronto
When browsing Toronto’s lowest-priced houses, you’ll often see:
• Bungalows, semi-detached, or older detached homes
• Smaller lot sizes or homes requiring updates
• Basic finishes or dated interiors
• Value-add potential with zoning flexibility or laneway options
• Proximity to transit, future developments, or outer boroughs
Neighbourhood Highlights Near Toronto’s Affordable Homes
Some of the cheapest houses in Toronto can be found in areas like Scarborough, Etobicoke, and parts of North York. These regions offer a mix of older inventory, multi-family zoning, and properties near GO transit or future development zones. While they may not boast luxury appeal upfront, they offer excellent long-term growth and accessibility.
Explore More GTA Homes:
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Each link provides updated listings and expert insights.
FAQs – Cheapest House for Sale in Toronto
1. What is the lowest price for a house in Toronto right now?
As of this month, listings can start as low as $500,000, especially in areas needing renovation or further from the downtown core.
2. Are cheap houses in Toronto a good investment?
Yes, if you’re willing to renovate or rent. Properties under market value tend to appreciate faster when updated.
3. Can I get a mortgage for a fixer-upper home?
Absolutely. Some lenders offer renovation financing options for older or distressed homes.
4. What type of buyer usually targets low-priced homes?
First-time buyers, flippers, and long-term investors looking to add value are most common.
Get The Royal Treatment
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.