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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119 Heale Avenue

Birchcliffe-Cliffside Toronto M1N 3Y2

$599,000

Residential Freehold beds: 3 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E12303709

Bedrooms:

3

Bathrooms:

1

• Photos (19)

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Totally Renovated upstairs and vacant basement is to put your own taste and finish, ready to move in or rent out, Or, build your own dream home of 3400sf with ready permit, A Diamond in your reach in the highly sophisticated neighborhood of Scarborough, Toronto, At the same time its a dream come true for Builders, Investors, Renovators. Build your dream home with huge basement, permit ready and approved, on a spacious solid lot with space for a huge home in a desirable location, Renovate the basement to your own taste while living upstairs, Fantastic opportunity on an approximate 40X125 ft lot, beautiful family neighborhood. absolutely dream location, mins to GO station, TTC, School, Doctors, Pharmacy, plazas, groceries, etc., etc. approved Drawings available on request for your reference . The Basement is to be finished & renovated by the buyer.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Depth:

125'2"38.1 m

Frontage:

40'¼"12.2 m

Direction Faces:

East

Bedrooms:

3

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Radiant

Heating Fuel:

Gas

Foundation:

Concrete

Roof:

Asphalt Shingle

Basement:

Separate Entrance, Unfinished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Available

Parking Spaces:

3

Total Parking Spaces:

3.0

Family Room:

No

Possession Details:

TBA

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$3,305 / 2024

Assessment:

$- / -

Listing Area:

Toronto E06

Listing Sub-Area:

Birchcliffe-Cliffside

County Or Parish:

Toronto

Interior Features:

Other

Rental Items:

HWT

Inclusions:

Stove, Fridge,( seller is willing to install Washer and Dryer as long as the price is right), New floor, New Kitchen, New Washroom, etc

Exterior Finish:

Vinyl Siding

Retirement:

No

Room Information:

Floor

Type

Size

Other

-

Bedroom

12'11"3.94 m × 10'3.05 m

-

Kitchen

11'4"3.45 m × 10'7"3.23 m

-

Bedroom 2

12'4"3.76 m × 10'1¼"3.08 m

-

Dining Room

14'1"4.29 m × 9'5"2.87 m

-

Living Room

11'5"3.48 m × 11'1"3.38 m

Main

Bedroom 3

9'10"3.00 m × 9'10"3.00 m

Other Details:

Utilities Gas:

No

Utilities Hydro:

Yes

Utilities Water:

Yes

Sewers:

Yes

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Jul 23, 2025

Original Price:

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Previous Price:

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Listed by CENTURY 21 TITANS REALTY INC.

Data was last updated July 26, 2025 at 06:15 AM (UTC)

Area Statistics

Listings on market:

59

Avg list price:

$1,349,000

Min list price:

$529,000

Max list price:

$3,100,000

Avg days on market:

25

Min days on market:

1

Max days on market:

677

These statistics are generated based on the current listing's property type and located in Birchcliffe-Cliffside. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

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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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.