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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. Located behind 12 Hastings Ave E12847588 (Currently Listed on MLS). 22.44 x 12.32 Ft Lot. Can be used as an addition to 12 Hastings Ave. (up to 6-plex opportunity) Or a separate parking spot in busy sought after Leslieville. More details
    Listed by KELLER WILLIAMS ADVANTAGE REALTY
    LISTING DETAILS
    DARYL KING

  • 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

    $299,900
    Residential Freehold
    Status:
    Active
    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

  • 142 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12989082

    142 Audrey Avenue Birchcliffe-Cliffside Toronto M1N 2Y1
    Main Photo: 142 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12989082

    142 Audrey Avenue Toronto M1N 2Y1 Birchcliffe-Cliffside

    $399,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12989082
    Bedrooms:
    2
    Bathrooms:
    1
    Prime Hunt Club Opportunity - Build Your Dream Home Rare offering in the prestigious Hunt Club community! 142 Audrey Ave presents an exceptional opportunity for builders, investors, or end-users looking to create a custom residence in one of the city's most sought-after neighbourhoods. Situated on a 30 ft x 69.75 ft lot, this property is being offered as a tear-down with approved plans and permits in hand for a thoughtfully designed 3-bedroom detached home complete with parking. Save valuable time and fast-track your build with this turnkey redevelopment opportunity. Surrounded by upscale homes and just steps to parks, top-rated schools, transit, and all amenities, this location blends quiet residential charm with urban convenience. Whether you're building to live or invest, this is your chance to secure a foothold in an established, high-demand enclave.Don't miss this ready-to-go project in the heart of Hunt Club! More details
    Listed by REAL ESTATE HOMEWARD
    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

    $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
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  • 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

  • 186 Cedric Avenue in Toronto: Oakwood Village House for sale (Toronto C03) : MLS®# C12969968

    186 Cedric Avenue Oakwood Village Toronto M6C 3X8
    Main Photo: 186 Cedric Avenue in Toronto: Oakwood Village House for sale (Toronto C03) : MLS®# C12969968

    186 Cedric Avenue Toronto M6C 3X8 Oakwood Village

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12969968
    Bedrooms:
    1
    Bathrooms:
    1
    This is the one you have been waiting for! Modern, charming and fully detached! Large 1 bedroom, with potential to convert part of living-room into 2nd bedroom. Beautiful condo alternative home, with incredible potential, available for sale on a quiet mid-town residential street. Bright, spacious living area with hardwood flooring and a lovely bay window. Hallway with walk-in closets and ample storage. Kitchen adjacent to light-filled breakfast area with walk-out to deck and a large enclosed private back-yard with garden shed. Primary bedroom with hardwood flooring. Modern four-piece washroom with beautifully restored claw-foot tub and combination washer/dryer. Newer Appliances: Fridge (2022), Washer (2022), Stove (2021); Roof (2021), Refinished Floors (2021), Heat Pumps (2025). Ultra-convenient family-friendly location walking-distance from schools, transit stops & Cedarvale Park. Easy stroll to subway station, Eglinton LRT and the many shops, services and eateries of Eglinton West. Easy access to the Allen Expressway & 401. This wonderfully private condo alternative is ideal for down-sizers or first-time buyers, and is perfectly located in a convenient West-Toronto neighbourhood where the best of the city awaits! More details
    Listed by KELLER WILLIAMS ADVANTAGE REALTY
    LISTING DETAILS
    DARYL KING

  • 22 Medford Avenue in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E12944690

    22 Medford Avenue Oakridge Toronto M1L 4G2
    Main Photo: 22 Medford Avenue in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E12944690

    22 Medford Avenue Toronto M1L 4G2 Oakridge

    $599,000
    Residential Freehold
    Status:
    Active Under Contract
    MLS® Num:
    E12944690
    Bedrooms:
    2
    Bathrooms:
    2
    An Oakridge Gem! Solid brick Detached 2 Bedroom, 2 bath bungalow is located in a fantastic friendly neighbourhood with excellent access to transit and both Danforth Ave and Warden Ave. The open Living has hardwood floors and gas fireplace. An eat in kitchen has a walk out to the deck and a bright, window filled sunroom overlooks the back Garden. Both Bedrooms also offer hardwood floors. The finished basement provides additional recreation space, full bath and laundry. This well sized 26' x 118' lot with private driveway offers an incredible opportunity for buyers to move into a super location close to schools, parks, shops and many amenities. Not to be missed! More details
    Listed by ROYAL LEPAGE ESTATE REALTY
    LISTING DETAILS
    DARYL KING

  • 290 Coronation Drive in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12950274

    290 Coronation Drive West Hill Toronto M1E 2J6
    Main Photo: 290 Coronation Drive in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12950274

    290 Coronation Drive Toronto M1E 2J6 West Hill

    $599,000
    Residential Freehold
    Status:
    Active Under Contract
    MLS® Num:
    E12950274
    Bedrooms:
    4
    Bathrooms:
    2
    Charming Bungalow on a Prime Lot with Endless Potential! Step into this classic bungalow, perfectly situated on a sprawling60 x 134 ft lot with 8 parking spots and a double car garage. The sun-filled living room welcomes you with a large bay window, classic crownmoulding, and gleaming hardwood floors. It flows seamlessly into the elegant dining room, featuring wainscoting, hardwood flooring, and awalkout through double French doors to a large deck overlooking the private, expansive yard ideal for outdoor entertaining. The upgradedkitchen boasts new stainless steel appliances and ample storage space. The main floor offers two spacious bedrooms with large windows andclosets, and a beautifully renovated 3-piece bath with a sleek glass shower. Second Laundry has been added for convenience and allowing afully separate basement. The finished basement with a separate entrance provides versatile living space, perfect for additional bedrooms, arecreation area, or in-law suite/rental income potential. It includes a second kitchen and a full 3-piece bathroom and own laundry. With itsmassive yard offering incredible potential, this property is ideal for families, investors, or those looking to expand. More details
    Listed by ROYAL LEPAGE SIGNATURE REALTY
    LISTING DETAILS
    DARYL KING

  • 149 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12787940

    149 Audrey Avenue Birchcliffe-Cliffside Toronto M1N 2X9
    Main Photo: 149 Audrey Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12787940

    149 Audrey Avenue Toronto M1N 2X9 Birchcliffe-Cliffside

    $599,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12787940
    Vacant Land - Build your custom home. 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 - 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
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Data was last updated April 13, 2026 at 03:15 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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