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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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  • 8 Burke Street in Toronto: Newtonbrook West House for sale (Toronto C07) : MLS®# C12489096

    8 Burke Street Newtonbrook West Toronto M2M 1V2

    8 Burke Street Toronto M2M 1V2 Newtonbrook West

    $128,800
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12489096
    Bedrooms:
    3
    Bathrooms:
    3
    Fabulous Home in High-Demand North York Area! Beautifully updated and move-in ready, this exceptional home features and a spacious backyard, perfect for family gatherings or relaxation. The main floor has been fully renovated, including a brand- New Kitchen, new bathroom, engineered hardwood floors, fresh paint throughout and and new central A/C system. A stunning high-ceiling foyer with double glass entrance doors welcomes you with elegance and natural light. Basement with separate entrance offers great income potential or in-law suite opportunity. Ideally located close to Finch Subway, Yonge Street, shopping, schools and parks - everything you need at your door steps! More details
    Listed by HOME STANDARDS BRICKSTONE REALTY
    LISTING DETAILS
    DARYL KING

  • 58 Newport Avenue in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E12470460

    58 Newport Avenue Oakridge Toronto M1L 1J1
    Main Photo: 58 Newport Avenue in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E12470460

    58 Newport Avenue Toronto M1L 1J1 Oakridge

    $499,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12470460
    Bedrooms:
    3
    Bathrooms:
    1
    Good opportunity for First time Buyers, Contractors/Renovators, or New Home Builders. Great location across the street from Junior & Senior Public Schools. Only 5 minute walk to Shopping & Victoria Park Subway Station. Front Pad Parking & Rear Laneway Access. More details
    Listed by SUTTON GROUP REALTY SYSTEMS INC.
    LISTING DETAILS
    DARYL KING

  • 4 Glen Baillie Place in Toronto: Kensington-Chinatown House for sale (Toronto C01) : MLS®# C12427561

    4 Glen Baillie Place Kensington-Chinatown Toronto M5T 1J5
    Main Photo: 4 Glen Baillie Place in Toronto: Kensington-Chinatown House for sale (Toronto C01) : MLS®# C12427561

    4 Glen Baillie Place Toronto M5T 1J5 Kensington-Chinatown

    $528,800
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12427561
    Bedrooms:
    7
    Bathrooms:
    5
    Client remarket: Location! Location! Location! Official plan designated for mixed use, including residential. The best investment opportunity in the heart of Kensington Market, Chinatown Center, major transit station area, steps to Spadina/Dundas streetcar, near T&T supermarket, close to hospital, art galley, walking distance to University of Toronto. This lovey 2 storey freehold townhouse needs your special touch, to make this diamond in the rough shine again. Gorgeous 3 bedrooms, 2 washroom and kitchen on the 2nd floor, additional 2 bedrooms with washroom, kitchen on back of the main floor, 1 bedroom with living room, kitchen and washroom at the front of the main floor . full spacious basement with 1 bedroom and washroom Current tenants pay $4,000 per month, tenants willing to stay. Property and chattels sold in As-Is Condition. Please see the floor plan. showing available on Sep 28 and Oct 2 from 12 noon to 8 pm. More details
    Listed by ROYAL LEPAGE SIGNATURE REALTY
    LISTING DETAILS
    DARYL KING

  • 171 Raleigh Avenue in Toronto: Clairlea-Birchmount House for sale (Toronto E04) : MLS®# E12462558

    171 Raleigh Avenue Clairlea-Birchmount Toronto M1K 1A5
    Main Photo: 171 Raleigh Avenue in Toronto: Clairlea-Birchmount House for sale (Toronto E04) : MLS®# E12462558

    171 Raleigh Avenue Toronto M1K 1A5 Clairlea-Birchmount

    $529,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12462558
    Bedrooms:
    3
    Bathrooms:
    1
    Why buy a condominium when this charming detached home offers more value for your investment? Ideal for first-time buyers, small builders, or renovators, this property presents an excellent opportunity. Builders will appreciate the lots potential for a new home over 2,000 sq. ft. Renovators will find a great chance to create their dream space. Cozy and inviting, the home previously utilized the attic as additional bedrooms for children, providing flexible living space. Don't miss out on this exceptional opportunity! More details
    Listed by CENTURY 21 PERCY FULTON LTD.
    LISTING DETAILS
    DARYL KING

  • 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

    $595,000
    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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  • 350 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141287

    350 Vaughan Road Humewood-Cedarvale Toronto M6C 2N7
    Main Photo: 350 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141287

    350 Vaughan Road Toronto M6C 2N7 Humewood-Cedarvale

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12141287
    Your dream home awaits! This vacant lot comes with approved plans for a spacious 2,218 sq. ft. residence spanning 4 levels, plus a rooftop terrace. Enjoy the convenience of a 1 1/2-car detached garage with direct lane access. All essential services (water, sewer, gas) are installed, making this property ready for immediate building permit application within an exclusive 9-unit development at Cherrywood and Vaughan Rd. More details
    Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP
    LISTING DETAILS
    DARYL KING

  • 352 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141393

    352 Vaughan Road Humewood-Cedarvale Toronto M6C 2N7
    Main Photo: 352 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141393

    352 Vaughan Road Toronto M6C 2N7 Humewood-Cedarvale

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12141393
    Your dream home awaits! This vacant lot comes with approved plans for a spacious 2,218 sq. ft. residence spanning 4 levels, plus a rooftop terrace. Enjoy the convenience of a 1-car detached garage with direct lane access. All essential services (water, sewer, gas) are installed, making this property ready for immediate building permit application within an exclusive 9-unit development at Cherrywood and Vaughan Rd. More details
    Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP
    LISTING DETAILS
    DARYL KING

  • 3 Toffee Court in Toronto: New Toronto House for sale (Toronto W06) : MLS®# W12438680

    3 Toffee Court New Toronto Toronto M8V 3B9
    Main Photo: 3 Toffee Court in Toronto: New Toronto House for sale (Toronto W06) : MLS®# W12438680

    3 Toffee Court Toronto M8V 3B9 New Toronto

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12438680
    Bedrooms:
    3
    Bathrooms:
    1
    Price to Sell! Attention renovators, contractors and builders! 3 Toffee Court presents a blank canvas awaiting your creative vision. Potential to build or renovate in a prime area of South Etobicoke close to the Lake, shops, restaurants, parks, schools, transit and so much more. Easy access in and out of the city. More details
    Listed by ROYAL LEPAGE SIGNATURE REALTY
    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

    $599,900
    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

  • 38 Nickle Street in Toronto: Mount Dennis House for sale (Toronto W04) : MLS®# W12487948

    38 Nickle Street Mount Dennis Toronto M6M 2H6
    OPEN HOUSE: Nov 01, 2025
    02:00 PM - 04:00 PM EDT
    Open House on Saturday, November 1, 2025 2:00PM - 4:00PM
    OPEN HOUSE: Nov 02, 2025
    02:00 PM - 04:00 PM EDT
    Open House on Sunday, November 2, 2025 2:00PM - 4:00PM
    Main Photo: 38 Nickle Street in Toronto: Mount Dennis House for sale (Toronto W04) : MLS®# W12487948

    38 Nickle Street Toronto M6M 2H6 Mount Dennis

    $599,999
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12487948
    Bedrooms:
    3
    Bathrooms:
    2
    Detached Home!!! Amazing opportunity to own a detached home in Toronto. Fully functioning Basement Apartment with separate entrance and separated laundry room. Renovated Kitchen (2022) facing the backyard and newer hardwood throughout the main floor (2021). Kitchen backdoor leads to your backyard, great for entertaining and BBQ'ing! Open concept living with ample sized living and dining. 19 Minute walk to Weston Go Train. Do not miss out on this one! *Offer date Thursday November 6th at 7pm* More details
    Listed by RE/MAX PROFESSIONALS 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

  • 44 Cotton Avenue in Toronto: Clairlea-Birchmount House for sale (Toronto E04) : MLS®# E12470773

    44 Cotton Avenue Clairlea-Birchmount Toronto M1K 1Z4
    Main Photo: 44 Cotton Avenue in Toronto: Clairlea-Birchmount House for sale (Toronto E04) : MLS®# E12470773

    44 Cotton Avenue Toronto M1K 1Z4 Clairlea-Birchmount

    $645,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12470773
    Bedrooms:
    2
    Bathrooms:
    2
    ***Great For Renovator or Builder***Good Size Lot, New Infill Homes On The Street. Basement Apt Possible. More details
    Listed by ACCSELL REALTY INC.
    LISTING DETAILS
    DARYL KING
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Data was last updated October 30, 2025 at 12:15 PM (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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