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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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  • 12R Hastings Avenue in Toronto: South Riverdale House for sale (Toronto E01) : MLS®# E12965162

    12R Hastings Avenue South Riverdale Toronto M4M 3C7
    Main Photo: 12R Hastings Avenue in Toronto: South Riverdale House for sale (Toronto E01) : MLS®# E12965162

    12R Hastings Avenue Toronto M4M 3C7 South Riverdale

    $99,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12965162
    Vacant Land on Laneway. This is a parking spot. Located behind 12 Hastings Ave (12 Hastings is currently listed on MLS E12847588). 22.44 x 12.32 Ft Lot. Can be used as an addition to 12 Hastings Ave. (12 Hastings Ave is eligible for up to 6-plex opportunity) Or a separate parking spot in busy sought after Leslieville. (22 x 127 ft lot total w 12 Hastings Ave E12847588) More details
    Listed by KELLER WILLIAMS ADVANTAGE REALTY
    LISTING DETAILS
    DARYL KING

  • 40 Hearth Place in Toronto: Highland Creek House for sale (Toronto E10) : MLS®# E13050600

    40 Hearth Place Highland Creek Toronto M1C 0C4
    Main Photo: 40 Hearth Place in Toronto: Highland Creek House for sale (Toronto E10) : MLS®# E13050600

    40 Hearth Place Toronto M1C 0C4 Highland Creek

    $339,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13050600
    Being Sold "As Is-Where Is" More details
    Listed by VI-CORP. R.E. SERVICES LTD.
    LISTING DETAILS
    DARYL KING
    To access this listing,
    please create a free account

  • 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
    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
    To access this listing,
    please create a free account

  • 44 Mahoney Avenue in Toronto: Mount Dennis House for sale (Toronto W04) : MLS®# W12946662

    44 Mahoney Avenue Mount Dennis Toronto M6M 2H4
    Main Photo: 44 Mahoney Avenue in Toronto: Mount Dennis House for sale (Toronto W04) : MLS®# W12946662

    44 Mahoney Avenue Toronto M6M 2H4 Mount Dennis

    $449,900
    Residential Freehold
    Status:
    Active Under Contract
    MLS® Num:
    W12946662
    Property sold as a vacant lot in prime Weston and Jane St Location. Great opportunity for Builder, developer or investor to create their dream home or next project. *PROPERTY BEING SOLD AS IS WHERE IS. Do not walk the lot without an appointment. DO NOT ENTER PROPERTY More details
    Listed by ROYAL LEPAGE SUPREME REALTY
    LISTING DETAILS
    DARYL KING

  • 204 205 Sherway Gardens Road in Toronto: Islington-City Centre West House for sale (Toronto W08) : MLS®# W13009722

    204 205 Sherway Gardens Road Islington-City Centre West Toronto M9C 0A3
    Main Photo: 204 205 Sherway Gardens Road in Toronto: Islington-City Centre West House for sale (Toronto W08) : MLS®# W13009722

    204 205 Sherway Gardens Road Toronto M9C 0A3 Islington-City Centre West

    $459,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13009722
    Bedrooms:
    1
    Bathrooms:
    1
    A rare find! This unique sunny east-facing unit is at 2nd floor level with easy access to a walk-out to a private terrace, front driveway & manicured Parkette with lush landscaping and relaxing fountains, bright sunny west exposure. Offers approx 719 sq.ft. of inviting open plan in main living areas, combined with fully equipped kitchen, ample storage & stone counter space. Primary bedroom offers double built in cupboard. Additional owned large storage locker & parking spot is conveniently located a few steps to elevator. This well managed building has many desirable amenities, including 24-hr. concierge, guest suites, outdoor patio/gardens, indoor pool, hot tub, sauna, gym, recreation room & more. Conveniently located across from Sherway Gardens Mall with superb dining & shops. Easy access to all major routes, QEW, 427, Gardiner Exp. & Pearson Airport. Simplify your life, come and make this "sweet" suite yours! More details
    Listed by HOMELIFE G1 REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 82 Muriel Avenue in Toronto: Danforth Village-East York House for sale (Toronto E03) : MLS®# E13086464

    82 Muriel Avenue Danforth Village-East York Toronto M4J 2Y4
    OPEN HOUSE: May 09, 2026
    02:00 PM - 04:00 PM EDT
    Open House on Saturday, May 9, 2026 2:00PM - 4:00PM
    OPEN HOUSE: May 10, 2026
    02:00 PM - 04:00 PM EDT
    Open House on Sunday, May 10, 2026 2:00PM - 4:00PM
    Main Photo: 82 Muriel Avenue in Toronto: Danforth Village-East York House for sale (Toronto E03) : MLS®# E13086464

    82 Muriel Avenue Toronto M4J 2Y4 Danforth Village-East York

    $489,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13086464
    Bedrooms:
    3
    Bathrooms:
    2
    Exceptional opportunity at 82 Muriel Ave, offered for under $500,000. A semi-detached home featuring 3 bedrooms and 2 bathrooms in Toronto's highly sought-after East York community. This property presents incredible potential for first-time buyers, renovators, investors, or builders looking to customize or add value. Situated on a quiet, family-friendly street and surrounded by established homes and ongoing development, this is an ideal project opportunity. The generous lot offers endless possibilities: renovate, redevelop, or build your dream home. Enjoy a prime location just steps to the Danforth, TTC, future Ontario Line, parks, schools, and local amenities. A rare chance to secure a property in a high-demand neighborhood with strong upside, at a price point rarely seen. More details
    Listed by RE/MAX HALLMARK REALTY LTD.
    LISTING DETAILS
    DARYL KING

  • 19A Cardell Avenue in Toronto: Humberlea-Pelmo Park W4 House for sale (Toronto W04) : MLS®# W12715670

    19A Cardell Avenue Humberlea-Pelmo Park W4 Toronto M9N 1S4
    Main Photo: 19A Cardell Avenue in Toronto: Humberlea-Pelmo Park W4 House for sale (Toronto W04) : MLS®# W12715670

    19A Cardell Avenue Toronto M9N 1S4 Humberlea-Pelmo Park W4

    $519,888
    Residential 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 details
    Listed by SNOBAR REALTY GROUP INC.
    LISTING DETAILS
    DARYL KING

  • 19B Cardell Avenue in Toronto: Humberlea-Pelmo Park W4 House for sale (Toronto W04) : MLS®# W12715688

    19B Cardell Avenue Humberlea-Pelmo Park W4 Toronto M9N 1S4
    Main Photo: 19B Cardell Avenue in Toronto: Humberlea-Pelmo Park W4 House for sale (Toronto W04) : MLS®# W12715688

    19B Cardell Avenue Toronto M9N 1S4 Humberlea-Pelmo Park W4

    $519,888
    Residential 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 details
    Listed by SNOBAR REALTY GROUP INC.
    LISTING DETAILS
    DARYL KING

  • 5A Wanita Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12831060

    5A Wanita Road Centennial Scarborough Toronto M1C 1V3
    Main Photo: 5A Wanita Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12831060

    5A Wanita Road Toronto M1C 1V3 Centennial Scarborough

    $549,800
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12831060
    VACANT LOT: PART 1 ATTENTION BUILDERS & INVESTORS: This Property Has Been Approved To Build (1) ONE Detached 2800 Sq.Ft Homes, unless the New Owner Prefers to Keep the Existing Detached Side Split with Double Garage. The Existing Brick Detached Side Split sits on One and One-Half Lot. Both Lots Must be Purchased together OR a Builder can purchase both lots and build 2 new homes. CAN NOT Purchase 1 Lot Alone. . This vacant lot must sell with adjacent Lot 5B More details
    Listed by CENTURY 21 PARKLAND LTD.
    LISTING DETAILS
    DARYL KING

  • 5B Wanita Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12831080

    5B Wanita Road Centennial Scarborough Toronto M1C 1V3
    Main Photo: 5B Wanita Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12831080

    5B Wanita Road Toronto M1C 1V3 Centennial Scarborough

    $549,800
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12831080
    Bedrooms:
    1
    VACANT LOT: PART 2 -- ATTENTION BUILDERS & INVESTORS: This Property Has Been Approved To Build (1) ONE Detached 2800 Sq.Ft Homes, unless the New Owner Prefers to Keep the Existing Detached Side Split with Double Garage. The Existing Brick Detached Side Split sits on One and One-Half Lot. Both Lots Must be Purchased together OR a Builder can purchase both lots and build 2 new homes. CAN NOT Purchase 1 Lot Alone. .This vacant lot must sell with adjacent Lot 5A More details
    Listed by CENTURY 21 PARKLAND LTD.
    LISTING DETAILS
    DARYL KING

  • 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552

    5 Elward Boulevard Oakridge Toronto M1L 3L1
    Main Photo: 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552

    5 Elward Boulevard Toronto M1L 3L1 Oakridge

    $588,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13039552
    Bedrooms:
    4
    Bathrooms:
    3
    Detached 30 ft frontage 2 Beds Bungalow with 2 x 1 Bedroom Apt in the basement/Walk up. Live in the Main floor. Rent the basement. Will pay your mortgage. Showing with 24 Hour Notice. For more pics look at the previous listings. Survey Attached. More details
    Listed by RE/MAX REALTRON REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 53 Lavington Drive in Toronto: Willowridge-Martingrove-Richview House for sale (Toronto W09) : MLS®# W13100278

    53 Lavington Drive Willowridge-Martingrove-Richview Toronto M9R 2H3
    OPEN HOUSE: May 09, 2026
    02:00 PM - 04:00 PM EDT
    Open House on Saturday, May 9, 2026 2:00PM - 4:00PM
    Main Photo: 53 Lavington Drive in Toronto: Willowridge-Martingrove-Richview House for sale (Toronto W09) : MLS®# W13100278

    53 Lavington Drive Toronto M9R 2H3 Willowridge-Martingrove-Richview

    $588,888
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13100278
    Bedrooms:
    3
    Bathrooms:
    2
    What? $588,888? Yes!!! Priced to sell! Home situated on a 50x111ft lot in Central Etobicoke. Sold in "as is, where is" condition. Renovate or build your custom dream home. More details
    Listed by SNOBAR REALTY GROUP INC.
    LISTING DETAILS
    DARYL KING
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Data was last updated May 9, 2026 at 01:15 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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