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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 Centennial Scarborough Toronto M1C 2A4
    Main Photo: 385 Centennial Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12213162

    385 Centennial Road Toronto M1C 2A4 Centennial Scarborough

    $445,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12213162
    All information provided and advertised by the Seller and CBRE shall be independently verified by the Buyer as the Property is being sold on an "as-is, where-is" bases without representation or warranty by the Seller or CBRE. 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 details
    Listed by CBRE LIMITED
    LISTING DETAILS
    DARYL KING
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    please create a free account

  • 157 Boultbee Avenue in Toronto: Blake-Jones House for sale (Toronto E01) : MLS®# E12582026

    157 Boultbee Avenue Blake-Jones Toronto M4J 1B2
    Main Photo: 157 Boultbee Avenue in Toronto: Blake-Jones House for sale (Toronto E01) : MLS®# E12582026

    157 Boultbee Avenue Toronto M4J 1B2 Blake-Jones

    $499,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12582026
    Bedrooms:
    1
    Bathrooms:
    1
    Attention Investors & Builders! Prime Pocket location on a quiet, treed, dead-end street. Fully detached bungalow with southern exposure and no rear neighbours. Excellent condo-replacement opportunity, bring your contractor/renovator to create your dream home. Basement with good ceiling height. Short walk to Donlands subway station, and close to Phin Park, playgrounds, cafes, schools, and shops. Perfect for families or investors looking to build in a highly sought-after neighbourhood. More details
    Listed by RE/MAX WEST REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 36 Goskin Court in Toronto: Malvern House for sale (Toronto E11) : MLS®# E12552960

    36 Goskin Court Malvern Toronto M1B 1J3
    Main Photo: 36 Goskin Court in Toronto: Malvern House for sale (Toronto E11) : MLS®# E12552960

    36 Goskin Court Toronto M1B 1J3 Malvern

    $588,800
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12552960
    Bedrooms:
    3
    Bathrooms:
    2
    Don't miss this incredible opportunity - perfect for first-time homebuyers or small families! Nestled in a quiet and safe court, this lovely home offers comfort, convenience, and charm. Located close to all amenities, with easy access to Highway 401, Square One Shopping Centre, schools, parks, and public transit, this property offers everything you need just minutes away. Step inside to find a bright and spacious living room, a beautifully updated kitchen, and three generous bedrooms on the second floor - ideal for growing families. The basement features a beautiful bar and a recreational room, perfect for entertaining family and friends. Enjoy your summer in the gorgeous backyard with an easy-access gate to Sheppard Avenue, ideal for relaxing, gardening, or hosting BBQs. Whether you're looking for a comfortable family home or an easy-to-rent investment property, this one check all the boxes! Don't miss this opportunity - schedule your showing today. More details
    Listed by ROYAL LEPAGE IGNITE REALTY
    LISTING DETAILS
    DARYL KING

  • 194 Cedric Avenue in Toronto: Oakwood Village House for sale (Toronto C03) : MLS®# C12565112

    194 Cedric Avenue Oakwood Village Toronto M6C 3X8
    Main Photo: 194 Cedric Avenue in Toronto: Oakwood Village House for sale (Toronto C03) : MLS®# C12565112

    194 Cedric Avenue Toronto M6C 3X8 Oakwood Village

    $599,000
    Residential Freehold
    Status:
    Active Under Contract
    MLS® Num:
    C12565112
    Bedrooms:
    3
    Bathrooms:
    2
    Welcome to 194 Cedric. Detached Brick 3 Bedroom 2 Bathroom Bungalow Starter Home/ Condo Alternative on a 18.77 by 100.11 Lot. Centrally located in commutable Oakwood Village/Cedarvale with parking and oversized Workshop/Shed. Perfect for First time homebuyers or those looking to move from a condo to a freehold. Family friendly community close to all amenities including schools, parks, sports fields, tennis courts and shopping. Close to Eglinton LTR/ Eglinton station and Allen Rd. Livable and full of potential to transform to your own vision- it is the right time and place to take advantage of the current market. A chance to own and make it truly your own. Offers Any Time! More details
    Listed by BAIRD REAL ESTATE INC
    LISTING DETAILS
    DARYL KING

  • 121 Galloway Road in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12590652

    121 Galloway Road West Hill Toronto M1E 1W9
    Main Photo: 121 Galloway Road in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12590652

    121 Galloway Road Toronto M1E 1W9 West Hill

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12590652
    Bedrooms:
    3
    Bathrooms:
    2
    Attention renovators, contractors, and visionaries! Solid 3-bedroom bungalow with great bones on a spacious 50 ft x 130 ft lot in a convenient east end location. Just up the street from Guildwood Village and only 10 minutes to the Bluffs.This home is ready for your personal touch - a true renovator's dream with endless potential to restore, expand, or rebuild. Ideal for families looking to settle in a well-established community or investors seeking their next project.Walking distance to both elementary and secondary schools, close to great transit routes, and just a short walk to the GO Train for an easy commute downtown.The lot offers plenty of outdoor space - perfect for kids, pets, or future landscaping plans. A home with heart that just needs some love to shine again. Don't miss this opportunity to create something special at 121 Galloway Rd! More details
    Listed by ROYAL LEPAGE ESTATE REALTY
    LISTING DETAILS
    DARYL KING

  • 308 Blackthorn Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12605304

    308 Blackthorn Avenue Weston-Pellam Park Toronto M6N 3J3
    Main Photo: 308 Blackthorn Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12605304

    308 Blackthorn Avenue Toronto M6N 3J3 Weston-Pellam Park

    $599,000
    Residential 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 details
    Listed by ACCSELL REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 34 740 Kennedy Road in Toronto: Ionview House for sale (Toronto E04) : MLS®# E12561204

    34 740 Kennedy Road Ionview Toronto M1K 2C5
    Main Photo: 34 740 Kennedy Road in Toronto: Ionview House for sale (Toronto E04) : MLS®# E12561204

    34 740 Kennedy Road Toronto M1K 2C5 Ionview

    $599,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12561204
    Bedrooms:
    3
    Bathrooms:
    2
    Welcome to this bright and spacious 2+1 bedroom townhouse offering exceptional convenience just steps from Kennedy Subway and GO Station, with quick access to Highway 401. The main floor features an open-concept layout with hardwood floors, pot lights in the living room, and large windows that fill the space with natural light. Step outside to enjoy a private backyard with a large deck, ideal for relaxing, entertaining, or summer barbecues. Upstairs, you'll find two well-sized bedrooms with generous closets, while the finished basement adds extra living space with a recreation area, additional bedroom, laundry, and ample storage. This home is upgraded with a 200 AMP electrical panel, ensuring reliable and efficient power. Located in a family-friendly neighbourhood close to schools, parks, shopping, restaurants, and all major amenities, plus the Eglinton Crosstown LRT for even more transit options. POTL Fee: $243/month - includes water, snow removal / landscaping in common areas, and garbage collection. More details
    Listed by RE/MAX WEST REALTY INC. and RE/MAX MILLENNIUM REAL ESTATE
    LISTING DETAILS
    DARYL KING

  • 195 Islington Avenue in Toronto: New Toronto House for sale (Toronto W06) : MLS®# W12520986

    195 Islington Avenue New Toronto Toronto M8V 3B8
    Main Photo: 195 Islington Avenue in Toronto: New Toronto House for sale (Toronto W06) : MLS®# W12520986

    195 Islington Avenue Toronto M8V 3B8 New Toronto

    $629,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12520986
    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 details
    Listed by REAL BROKER ONTARIO LTD.
    LISTING DETAILS
    DARYL KING

  • 5 Gillespie Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12585760

    5 Gillespie Avenue Weston-Pellam Park Toronto M6N 2Y5
    Main Photo: 5 Gillespie Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12585760

    5 Gillespie Avenue Toronto M6N 2Y5 Weston-Pellam Park

    $629,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12585760
    Bedrooms:
    3
    Bathrooms:
    2
    PROPERTY SOLD AS IS WHERE IS CONDITION. More details
    Listed by ACCSELL REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 149 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12392280

    149 Audrey Avenue Birchcliffe-Cliffside Toronto M1N 2X9
    Main Photo: 149 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12392280

    149 Audrey Avenue Toronto M1N 2X9 Birchcliffe-Cliffside

    $634,999
    Residential 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 details
    Listed by RE/MAX PREMIER INC.
    LISTING DETAILS
    DARYL KING

  • 740 Kingston Road in Toronto: East End-Danforth House for sale (Toronto E02) : MLS®# E12468354

    740 Kingston Road East End-Danforth Toronto M4E 1R7
    Main Photo: 740 Kingston Road in Toronto: East End-Danforth House for sale (Toronto E02) : MLS®# E12468354

    740 Kingston Road Toronto M4E 1R7 East End-Danforth

    $649,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12468354
    Bedrooms:
    3
    Bathrooms:
    1
    Located in the highly sought-after Beaches neighborhood, this detached home offers endless potential for those with vision and creativity. Just steps from all amenities, parks, trendy shops, cafés, and the streetcar right at your doorstep, this is your chance to create your dream home in one of Toronto's most desirable areas. This property is a handyman or renovator's dream-ripe for transformation and full of character. Whether you're looking to restore its original charm or reimagine it with modern finishes, the possibilities are endless. More details
    Listed by CENTURY 21 B.J. ROTH REALTY LTD.
    LISTING DETAILS
    DARYL KING

  • 132 Hollis Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12473689

    132 Hollis Avenue Birchcliffe-Cliffside Toronto M1N 2C8
    Main Photo: 132 Hollis Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12473689

    132 Hollis Avenue Toronto M1N 2C8 Birchcliffe-Cliffside

    $650,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12473689
    Bedrooms:
    4
    Bathrooms:
    2
    Attention builders, first-time buyers & investors! Detached, 2-storey in birch cliff village! An amazing opportunity to renovate or build your dream home! Spacious layout with endless potential. Steps to Kingston Rd village and Birchmount rec centre. Close to ttc, parks, schools and the bluffs! 25x100 lot! More details
    Listed by REAL ESTATE HOMEWARD
    LISTING DETAILS
    DARYL KING
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Data was last updated December 14, 2025 at 12:15 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 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:

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.

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