Looking for the cheapest house for sale in Toronto? With home prices still high, these affordable listings offer a chance to own property in Canada’s most dynamic city – perfect for first-time buyers or savvy investors.
16 Caronia Square
Toronto
M1B 2Z8
$799,000
Residential Freehold
beds: 3+1
baths: 3.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- E12217937
- Bedrooms:
- 3+1
- Bathrooms:
- 3
- Photos (46)
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- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 1100-1500
- Depth:
- 105'7"
- Frontage:
- 28'2¾"
- Lot Details:
- 26.24 x 105.45 Feet (Last Per Survey)
- Direction Faces:
- East
- Bedrooms:
- 3+1
- Bathrooms:
- 3.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Kitchens in Basement:
- 1
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 1
- Kitchens Above Grade:
- 1
- # Main Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- Rooms Above Grade:
- 6
- Rooms Below Grade:
- 1
- Rooms:
- 7
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Cooling:
- Yes
- Foundation:
- Concrete
- Roof:
- Shingles
- Basement:
- Finished, Separate Entrance
- Fireplace/Stove:
- No
- Attached Garage:
- Yes
- Garage:
- Attached
- Garage Spaces:
- 1.0
- Parking Features:
- Private
- Parking Spaces:
- 2
- Total Parking Spaces:
- 3.0
- Family Room:
- No
- Possession Details:
- TBD
- Pool:
- None
- Link:
- Yes
- HST Applicable To Sale Price:
- Not Subject to HST
- Taxes:
- $3,137.01 / 2025
- Assessment:
- $- / -
- Toronto E11
- Malvern
- Toronto
- Irregular Lot
- Carpet Free, In-Law Capability
- Hot water tank
- 2 Fridges, 2 Stoves, 2 Range hoods with B/I microwaves. S/S Diswasher (main), 2 Washers and 1 dryer. All electric light fixtures, pot lights, existing window coverings. AC, high efficiency furnace, hot water tank (rental). Garage remote control. Back yard gazebo.
- None
- Aluminum Siding, Brick
- No
- Floor
- Type
- Size
- Other
- Main
- Kitchen
- 15'5" × 8'7"
- Eat-in Kitchen, Laminate, Backsplash
- Main
- Living Room
- 20' × 11'1"
- Laminate, W/O To Deck
- Main
- Dining Room
- 12'6¾" × 8'½"
- Laminate, Combined w/Living
- Second
- Primary Bedroom
- 18'5" × 11'5¾"
- Laminate, His and Hers Closets
- Second
- Bedroom
- 19'4" × 14'9"
- Laminate, Closet, Window
- Second
- Bedroom
- 10'10" × 10'6¾"
- Laminate, Closet, Window
- Basement
- Bedroom
- 10'10" × 10'6¾"
- Laminate, Closet
- Basement
- Recreation
- 19' × 10'6"
- Laminate
- Basement
- Kitchen
- 10'6" × 8'10"
- Tile Floor, B/I Microwave, Backsplash
- UFFI:
- No
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Level:
- Lower Level
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Virtual Tour
- Listings on market:
- 27
- Avg list price:
- $899,999
- Min list price:
- $799,000
- Max list price:
- $1,098,000
- Avg days on market:
- 21
- Min days on market:
- 4
- Max days on market:
- 251
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
What You’ll Find in Toronto’s Most Affordable Homes
Explore listings with real potential in some of the city’s best value neighbourhoods:
• 2-3 bedroom homes on modest lot sizes
• Older properties with room to renovate and add value
• Detached, semi-detached, and row homes priced below market average
• Close to TTC routes, grocery stores, and schools
Why the Cheapest Houses in Toronto Are Still Worth a Look
• Entry-level pricing in one of Canada’s most expensive markets
• High appreciation potential in developing communities
• Solid opportunity for rental income or renovation flips
• Accessible locations with future infrastructure projects
Neighbourhoods Offering the Cheapest House for Sale in Toronto
Look for deals in Scarborough Village, Weston, Rexdale, and East York, pockets with older housing stock and gentrification potential.
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Each link provides updated listings and expert insights.
FAQs – Cheapest House for Sale in Toronto
1. How cheap can a house in Toronto actually get?
As of 2025, the lowest-priced houses in Toronto typically start around $700,000, though some fixer-uppers may list for less.
2. Are cheap houses in Toronto livable or do they need work?
Most affordable listings are older and may need updates, but some are move-in ready depending on the seller’s condition.
3. Can I buy the cheapest house in Toronto as an investment?
Yes. Many buyers use these properties for rentals, flips, or long-term holds in gentrifying areas.
4. Do these homes come with land or are they townhomes?
You’ll find both, some detached homes on small lots and others that are semi-detached or row-style properties.