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.
-
House in Toronto
Residential Freehold- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
To access this listing,
please create a free account -
House in Toronto
Residential Freehold- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
To access this listing,
please create a free account -
28 Fern Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13503358
28 Fern Avenue Toronto M9N 1M2
$449,888Residential 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 detailsListed by SNOBAR REALTY GROUP INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
House in Toronto
Residential Freehold- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
To access this listing,
please create a free account -
360B Lawrence Avenue W in Toronto: Bedford Park-Nortown House for sale (Toronto C04) : MLS®# C13762496
360B Lawrence Avenue W Toronto M5M 1B7
$498,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13762496
An Exceptional Opportunity At Avenue Rd & Lawrence Ave. 360B Lawrence Ave W Offers A Vacant Residential Lot In A Highly Sought-After Central Toronto Setting, Surrounded By Established Neighbourhoods, Mature Trees And Beautiful Custom Homes. Enjoy The Convenience Of Avenue Road's Shops, Cafés And Restaurants, With Yonge St, TTC, Hwy 401, Parks And Excellent Schools All Within Easy Reach. An Exciting Canvas For Those Looking To Create A Contemporary Custom Residence In A Location That Combines Neighbourhood Charm With Outstanding City Access. Whether For A Builder, Investor Or Future Homeowner, This Is An Opportunity To Create A Home Tailored To Your Own Style In One Of Toronto's Most Desirable Pockets. Vacant, Ready For Your Ideas, And All About The Location. More detailsListed by RE/MAX HALLMARK REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
47 Dentonia Park Avenue in Toronto: Crescent Town House for sale (Toronto E03) : MLS®# E13752916
47 Dentonia Park Avenue Toronto M4C 1W6
$499,000Residential Freehold- Status:
- Active
- MLS® Num:
- E13752916
- Bedrooms:
- 2
- Bathrooms:
- 2
Cozy 2 Bedroom Semi Detached Home On A Quiet Child Friendly Street In East York. Less Than A 10 Minute Walk To Subway. Close To Parks & TTC. This Cute Home Is Already Set Up For A Separate Bachelor In-Law Suite. Home Shows Well, But Is Being Sold In "As Is', "Where Is" Condition. It Is A Home You Could Just Move Into. Needs A Hot Water Tank. Street Parking, No Survey. Home Features 2 Kitchens, 2 Bedrooms & 2 Bathrooms. Big Backyard! Closing Date Is Flexible. Short Walk To Danforth Shops! More detailsListed by RE/MAX HALLMARK REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
81 Meadowcliffe Drive in Toronto: Cliffcrest House for sale (Toronto E08) : MLS®# E13811848
81 Meadowcliffe Drive Toronto M1M 2X8
$499,000Residential Freehold- Status:
- Active
- MLS® Num:
- E13811848
Trophy estate by the bluffs with an existing guest house, stunning views of Lake Ontario, and a lower lot with potential for severing and developing a multi-unit residence. Generational opportunity to own over an acre of land perched at the edge of the escarpment. Whether it's bringing your dream property to life with the utmost level of privacy, or having the potential in severing the lot to accommodate for multiple units, and creating a truly one of a kind multifamily investment buildout, finding a property of this size with elevated views of lake Ontario is a golden chance that rarely becomes available. Existing guest house can be customized to your liking with the already established footprint. Hydro & gas service are in place, plans are available upon request. Property is being sold in "as is, where is" condition. More detailsListed by RARE REAL ESTATE- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
Rear 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for sale (Toronto W03) : MLS®# W13612932
Rear 625 Harvie Avenue Toronto M6E 4M4
$499,900Residential 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 detailsListed by Royal LePage Security Real Estate- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
39 Holley Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13559198
39 Holley Avenue Toronto M9N 2C4
$510,000Residential 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 detailsListed by RE/MAX PROFESSIONALS INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
67 Claremore Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E13554608
67 Claremore Avenue Toronto M1N 3S1
$550,000Residential Freehold- Status:
- Active
- MLS® Num:
- E13554608
- Bedrooms:
- 4
- Bathrooms:
- 2
Great Investment Opportunity, current tenant is a nice family. which allows for this property to stay as a LTR or like others in the neighbourhood it can become a new build. The property is well-located and thoughtfully updated, this home offers excellent access to public transit and everyday amenities. The main level features a newly renovated kitchen, refreshed flooring throughout, and an updated bathroom. A bright, open living and dining area enhances the functional layout, with a primary bedroom conveniently situated on the main floor. The kitchen provides direct walk-out access to a rear deck and large backyard, perfect for enjoying outdoor space. The fully finished basement offers three spacious rooms and a two-piece bathroom, providing flexible use for work or living arrangements. An ideal option for working professionals seeking comfort, space, and convenience. More detailsListed by RE/MAX HALLMARK REALTY LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
-
House in Toronto
Residential Freehold- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
To access this listing,
please create a free account -
128 Spears Street in Toronto: Rockcliffe-Smythe House for sale (Toronto W03) : MLS®# W13072770
128 Spears Street Toronto M6N 3X7
$575,000Residential Freehold- Status:
- Active
- MLS® Num:
- W13072770
- Bedrooms:
- 2
- Bathrooms:
- 2
Deep Ravine Lot 186 feet deep! Finished Bsmt with Sep Entrance. Convenient location close to public transportation, amenities and highways. More detailsListed by SUTTON GROUP-ADMIRAL REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Data was last updated September 23, 2026 at 12:15 PM (UTC)
powered by myRealPage.com
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:
- Condos for Sale in Toronto Under $350K
- Waterfront Cottages for Sale in Ontario under $300000
- Houses for Sale Richmond Hill under $500000
- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
- Thornhill Homes For Sale
- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
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.