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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140 Barker Avenue

Woodbine-Lumsden Toronto M4C 2P1

$499,900

Residential Freehold beds: 3 baths: 1.0

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• Details
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• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E14094706

Bedrooms:

3

Bathrooms:

1

• Photos (22)

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Location, Location, Location! Attention Builders, Contractors & Investors! Here is your rare opportunity to own a prime 25 x 106 ft lot in the highly sought-after Woodbine-Lumsden neighbourhood of East York. Nestled on a quiet, family-friendly street surrounded by numerous million-dollar custom new builds, this deep property offers endless potential to build your dream home from the ground up or undertake a major renovation. Unbeatable location just minutes to Woodbine and Main Street Subway Stations, Danforth GO, and quick access to the DVP for an easy downtown commute. Enjoy fantastic local amenities steps away at Stan Wadlow Park, Taylor Creek Park trails, East York Community Centre, Michael Garron Hospital, and the vibrant shops, cafes, and dining along The Danforth. Property and all chattels/fixtures are being sold in strictly "As Is, Where Is" condition without representation or warranty. Don't miss this incredible opportunity to build or invest in a rapidly transforming East End community!

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

1 1/2 Storey

Approx. Age:

100+

Total Approx Floor Area:

700-1100

Lot Depth:

106'7½"32.5 m

Lot Frontage:

25'7.62 m

Lot Shape:

Rectangular

Direction Faces:

North

Bedrooms:

3

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

Rooms Above Grade:

7

Rooms Below Grade:

1

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Brick

Roof:

Asphalt Shingle

Basement:

Partially Finished

Fireplace/Stove:

No

Garage:

Detached

Garage Spaces:

1.0

Parking Features:

Front Yard Parking

Parking Spaces:

2

Total Parking Spaces:

3.0

Family Room:

No

Possession Details:

After Probate

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Taxes:

$5,678.1 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E03

Listing Sub-Area:

Woodbine-Lumsden

Interior Features:

Other

Rental Items:

water heater

Exclusions:

fridge, stove, washer, dryer (as is)

Exterior Finish:

Aluminum Siding

Room Information:

Floor

Type

Size

Other

Main

Bedroom

11'3"3.43 m × 8'7"2.62 m

Main

Bedroom

11'3"3.43 m × 7'2"2.18 m

Main

Dining Room

11'3.35 m × 10'3.05 m

Main

Living Room

12'2"3.71 m × 10'3.05 m

Main

Kitchen

11'3.35 m × 10'6"3.20 m

Second

Bedroom

21'6.40 m × 12'3.66 m

Basement

Family Room

12'3.66 m × 8'2.44 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

-

4'11" x 6'6"

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Oct 19, 2026

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Data was last updated October 24, 2026 at 02:15 PM (UTC)

Area Statistics

Listings on market:

23

Avg list price:

$949,000

Min list price:

$499,900

Max list price:

$1,899,000

Avg days on market:

23

Min days on market:

3

Max days on market:

163

These statistics are generated based on the current listing's property type and located in Woodbine-Lumsden. 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.