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1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121

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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1039 Ossington Avenue
Dovercourt-Wallace Emerson-Junction Toronto M6G 3V9

$825,000
Residential Freehold beds: 4 baths: 3.0

SOLD OVER THE LISTING PRICE!
2.5 storeys fronting on Ossington
Photo 1: 1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121
Photo 2: 1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121
Status:
Sold
Sold Date:
Jul 22, 2025
Listed Price:
$825,000
Sold Price:
$825,000
Sold in:
17 days
Prop. Type:
Residential Freehold
MLS® Num:
W12265121
Bedrooms:
4
Bathrooms:
3
3 self contained units fronting on Ossington Ave! All mechanicals have been recently updated for peace of mind, comfort and efficiency. Roof (2022), Hot Water Tank (Owned - 2025) , furnace (High efficiency - 2025), Heat Pump (2025). Units include some updates to the kitchen, floors and bathrooms. Turn key property completely vacant! Live in one and rent the others or rent them all for cash flow! MAIN FLOOR: living room, 1 bedroom, updated 4 piece bathroom, updated kitchen and updated floors. 2ND FLOOR: Living room, 2 bedrooms, den, 4 piece bathroom and kitchen. BASEMENT: Living room, 1 bedroom, 3 piece bathroom and kitchen. Sun filled backyard features a patio area, newer garden shed, and ample daylight to allow for fruit trees and vegetable garden. Currently has rare fruit trees, berries, flowers and herbs. Truly a great backyard space to give a sense of tranquility in the heart of downtown. Wallace Emerson is rapidly evolving, don't miss your chance to get in before the next wave! A smart buy in a dynamic neighbourhood with incredible upside. Tridel is building "The Dupont" around the corner. TTC at your front door, steps to the subway station, steps to eclectic shops and restaurants, trails, parks and so much more! Previous rents were: Basement-$1,600/M, Main-$2,100/M, Upper-$2,450/M. Offers will be reviewed on July 22nd 2025 at 6pm. Neither seller, listing brokerage or listing agent make any representations or warrant the retrofit status of the apartments.
Property Type:
Residential Freehold
Property Sub Type:
Semi-Detached
Property Attached:
Yes
Home Style:
2-Storey
Total Approx Floor Area:
1500-2000
Depth:
89'9"
Frontage:
16'7"
Lot Details:
16.56 x 89.75 Feet
Direction Faces:
East
Bedrooms:
4
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
1
Bedrooms Above Grade:
4
Kitchens Above Grade:
2
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms Above Grade:
8
Rooms Below Grade:
3
Rooms:
11
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete Block
Roof:
Asphalt Shingle
Basement:
Finished with Walk-Out
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Garden Shed
Parking Features:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Family Room:
No
Possession Details:
TBS
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$5,222 / 2024
Assessment:
$- / -
Toronto W02
Dovercourt-Wallace Emerson-Junction
Toronto
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Accessory Apartment, Carpet Free, In-Law Suite
None
NEW MECHANICALS - Roof (2022), Hot Water Tank (Owned - 2025) , furnace (High efficiency - 2025), Heat Pump (2025)
Brick
Floor
Type
Size
Other
Ground
Kitchen
14'9" × 10'10"
Ceramic Floor, Eat-in Kitchen, W/O To Patio
Ground
Living Room
16'5" × 9'2¼"
Hardwood Floor, Open Concept, Wood Trim
Ground
Bedroom
10'6" × 10'2"
Hardwood Floor, Wood Trim, Window
Ground
Laundry
6'11" × 6'6¾"
Ceramic Floor, W/O To Patio
Second
Kitchen
11'2" × 8'6"
Ceramic Floor, Eat-in Kitchen
Second
Living Room
13'1½" × 11'2"
Hardwood Floor, Closet, Bay Window
Second
Bedroom
10'2" × 10'2"
Hardwood Floor, Closet, Wood Trim
Second
Sunroom
7'6½" × 7'3"
Hardwood Floor, Window
Third
Bedroom
13'1½" × 10'10"
Hardwood Floor, Closet, Wood Trim
Basement
Kitchen
12'8" × 12'7"
Ceramic Floor, Eat-in Kitchen
Basement
Living Room
12'7" × 9'10"
Ceramic Floor, Open Concept, W/O To Patio
Basement
Bedroom
11'6" × 10'6"
Ceramic Floor, 3 Pc Ensuite, Closet
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Jul 05, 2025
  • Photo 1: 1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121
    2.5 storeys fronting on Ossington
  • Photo 2: 1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121
    Backyard
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Listed by RE/MAX HALLMARK REALTY LTD.
Data was last updated July 25, 2025 at 12:15 PM (UTC)
DARYL KING
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.

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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.