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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

    $69,995
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12965162
    Vacant Land in a Laneway in Prime Leslieville! This is a small piece of land. Maybe use as a parking spot or storage space. Located behind 12 Hastings Ave. **22.44 x 12** Ft Lot. May be used as a parking spot or storage space in busy sought after Leslieville. Buyer to due all due diligence on use. 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

    $299,000
    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
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    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

    $350,000
    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
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    please create a free account

  • 1600 Finch Avenue W in Toronto: York University Heights House for sale (Toronto W05) : MLS®# W13172054

    1600 Finch Avenue W York University Heights Toronto M3J 1V3
    Main Photo: 1600 Finch Avenue W in Toronto: York University Heights House for sale (Toronto W05) : MLS®# W13172054

    1600 Finch Avenue W Toronto M3J 1V3 York University Heights

    $359,999
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13172054
    Well-located lot with excellent frontage on Finch Avenue West. This unique parcel offers approximately 120 feet of frontage by 60 feet of depth and presently includes an advertising billboard on the property. Purchasers are advised to conduct their own due diligence with the City of Toronto to confirm zoning, permitted uses, development potential, and the suitability of the property for their intended use. More details
    Listed by HIGH POINT REALTY LIMITED
    LISTING DETAILS
    DARYL KING

  • 28 Fern Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13503358

    28 Fern Avenue Weston Toronto M9N 1M2
    Main Photo: 28 Fern Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13503358

    28 Fern Avenue Toronto M9N 1M2 Weston

    $449,888
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13503358
    Attention builders and investors! Rare opportunity in a highly desirable neighbourhood with strong market demand. This property offers exceptional potential for redevelopment, new construction, or long-term investment. An ideal chance to capitalize on a prime location and start your next project right away. Excellent upside in a sought-after area. More details
    Listed by SNOBAR REALTY GROUP INC.
    LISTING DETAILS
    DARYL KING

  • 507 Old Weston Road in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W13597392

    507 Old Weston Road Weston-Pellam Park Toronto M6N 1P2
    Main Photo: 507 Old Weston Road in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W13597392

    507 Old Weston Road Toronto M6N 1P2 Weston-Pellam Park

    $491,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13597392
    Shovel-Ready Toronto Development Site! Two lots (505 & 507 Old Weston Rd) sold together with all approvals plus full drawings. Start building ASAP. Perfect for builders looking to capitalize on a ready-to-go project in a thriving urban pocket. Builders, Investors, and End Users, take advantage of Provincial and City incentives! Now is the perfect time to obtain two rare vacant lots for development in Toronto's Junction neighbourhood. Plans and approvals for a gorgeous detached 4-Bedroom 6-Bathroom with Built-in Garage and Patio on each lot are ready to go. Ontario government incentives provide buyer to purchase new home and save the HST, plus builder savings of 50% off development charges make this the perfect time to construct a highly desirable dream home. This ideal location is located steps to a variety of transportation options including Eglinton GO and UP Express Stations providing direct links to Union Station, as well as the dedicated St Clair Streetcar track and newly completed Eglinton Crosstown LRT. This amazing family neighbourhood also features great schools, shopping, and restaurant options. With the current existing incentives this is an opportunity not to be missed! More details
    Listed by PANORAMA R.E. LIMITED
    LISTING DETAILS
    DARYL KING

  • 505 Old Weston Road in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W13597406

    505 Old Weston Road Weston-Pellam Park Toronto M6N 1P2
    Main Photo: 505 Old Weston Road in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W13597406

    505 Old Weston Road Toronto M6N 1P2 Weston-Pellam Park

    $499,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13597406
    Shovel-Ready Toronto Development Site! Two lots (505 & 507 Old Weston Rd) sold together with all approvals plus full drawings. Start building ASAP. Perfect for builders looking to capitalize on a ready-to-go project in a thriving urban pocket. Builders, Investors, and End Users, take advantage of Provincial and City incentives! Now is the perfect time to obtain two rare vacant lots for development in Toronto's Junction neighbourhood. Plans and approvals for a gorgeous detached 4-Bedroom 6-Bathroom with Built-in Garage and Patio on each lot are ready to go. Ontario government incentives provide buyer to purchase new home and save the HST, plus builder savings of 50% off development charges make this the perfect time to construct a highly desirable dream home. This ideal location is located steps to a variety of transportation options including Eglinton GO and UP Express Stations providing direct links to Union Station, as well as the dedicated St Clair Streetcar track and newly completed Eglinton Crosstown LRT. This amazing family neighbourhood also features great schools, shopping, and restaurant options. With the current existing incentives this is an opportunity not to be missed! More details
    Listed by PANORAMA R.E. LIMITED
    LISTING DETAILS
    DARYL KING

  • Rear 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for sale (Toronto W03) : MLS®# W13612932

    Rear 625 Harvie Avenue Caledonia-Fairbank Toronto M6E 4M4
    Main Photo: Rear 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for sale (Toronto W03) : MLS®# W13612932

    Rear 625 Harvie Avenue Toronto M6E 4M4 Caledonia-Fairbank

    $499,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13612932
    Purchaser to verify zoning - Lane access only - No warranty on present or future use. Laneway is just south of Eglinton Ave W between Harvie Ave & Nairn Ave. More details
    Listed by Royal LePage Security Real Estate
    LISTING DETAILS
    DARYL KING

  • 39 Holley Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13559198

    39 Holley Avenue Weston Toronto M9N 2C4
    Main Photo: 39 Holley Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13559198

    39 Holley Avenue Toronto M9N 2C4 Weston

    $510,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13559198
    Bedrooms:
    2
    Bathrooms:
    1
    LOT FOR SALE! HANDYMAN SPECIAL! LOT VALUE- PRICED TO SELL! RENOVATE OR BUILD NEW IN UP AND COMING AREA. Opportunity Knocking! Attention, Renovators, Builders & Investors. First time home buyers This is the Diamond in the rough you've been waiting for! Value will only go up as Toronto builds more housing, Buy Now "Up Express", And More! This Property Near Transit Hub Offers Quick Access Downtown, Airport, Suburbs, All Amenities, Parks. ***Property is being sold in "as is, where is" condition for land value only. ** The dwelling is uninhabitable, not insured, and no access to the interior, exterior of the building or the lot will not be permitted prior to / or following acceptance of an offer. Buyers, agents, inspectors, contractors, and any other persons are strictly prohibited from entering the building for safety and liability reasons. ** All inspections and due diligence must be conducted from the exterior of the property only.** The Seller makes no representations or warranties whatsoever regarding the condition, fitness, habitability, structural integrity, zoning, redevelopment potential, or future use of the property or any structures thereon. Hydro, gas and water services have been disconnected. *** Sold as is where is, home is NOT LIVEABLE lot value only. There will be no trespassing onto the lot.*** More details
    Listed by RE/MAX PROFESSIONALS INC.
    LISTING DETAILS
    DARYL KING

  • 70A Dunstall Crescent in Toronto: West Hill House for sale (Toronto E10) : MLS®# E13618474

    70A Dunstall Crescent West Hill Toronto M1E 3M4
    Main Photo: 70A Dunstall Crescent in Toronto: West Hill House for sale (Toronto E10) : MLS®# E13618474

    70A Dunstall Crescent Toronto M1E 3M4 West Hill

    $567,500
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13618474
    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. Correspondence available from Toronto Forestry in support of the proposed redevelopment. More details
    Listed by REMAX CONNECT REALTY
    LISTING DETAILS
    DARYL KING

  • 70B Dunstall Crescent in Toronto: West Hill House for sale (Toronto E10) : MLS®# E13618480

    70B Dunstall Crescent West Hill Toronto M1E 3M4
    Main Photo: 70B Dunstall Crescent in Toronto: West Hill House for sale (Toronto E10) : MLS®# E13618480

    70B Dunstall Crescent Toronto M1E 3M4 West Hill

    $567,500
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13618480
    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. Correspondence available from Toronto Forestry in support of the proposed redevelopment. More details
    Listed by REMAX CONNECT REALTY
    LISTING DETAILS
    DARYL KING

  • 898 Eastern Avenue in Toronto: Greenwood-Coxwell House for sale (Toronto E01) : MLS®# E13648446

    898 Eastern Avenue Greenwood-Coxwell Toronto M4L 1A4
    Main Photo: 898 Eastern Avenue in Toronto: Greenwood-Coxwell House for sale (Toronto E01) : MLS®# E13648446

    898 Eastern Avenue Toronto M4L 1A4 Greenwood-Coxwell

    $570,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13648446
    Bedrooms:
    2
    Bathrooms:
    1
    The House is ready for your personalization update; this semi-detached home presents a rare opportunity to live in the vibrant, family-oriented community of Leslieville. A spacious, fenced backyard featuring a patio and storage shed is well-suited for gardening, entertaining, or providing a secure outdoor area for pets-a convenience especially appreciated during Toronto's cold winter mornings. The main floor comprises an open-concept living and dining area with durable vinyl plank flooring and a functional kitchen that opens directly onto the private rear patio. The upper level offers two comfortable bedrooms, a full bathroom complete with a skylight and a six-foot soaker tub, and the added practicality of upper-level laundry. The surrounding neighbourhood provides immediate access to an array of amenities, including grocery stores, local breweries, cafés, fitness centres, dog daycare facilities, and parks. Walkability, transit connections, and downtown access are effortless. Opportunities of this calibre are seldom available. Arrange a viewing today to make this exceptional property your own. More details
    Listed by CENTRAL WORLD REALTY
    LISTING DETAILS
    DARYL KING
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    please create a free account

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Data was last updated August 9, 2026 at 06:15 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.

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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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