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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18 Aldergrove Avenue

Woodbine Corridor Toronto M4C 1B2

$499,000

Residential Freehold beds: 3 baths: 2.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E14167384

Bedrooms:

3

Bathrooms:

2

• Photos (4)

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Opportunity knocks in one of Toronto's most sought-after family neighbourhoods! This 3-bedroom semi-detached home with a basement apartment offers incredible potential for buyers looking to renovate, customize, and create a home perfectly suited to their lifestyle. Set on a charming dead end street overlooking the open green space and beloved community dog park across the road, you'll enjoy expansive views, a greater sense of space, and a welcoming neighbourhood atmosphere. Dog parks naturally bring neighbours together, creating a strong sense of community and connection rarely found in the city. Families will appreciate being within the catchment for highly regarded Earl Haig Public School, while outdoor enthusiasts will love being just steps to East Lynn Park, home to the popular farmers' market, playgrounds, community events, and countless opportunities to connect with neighbours. Leave the car at home and enjoy one of Toronto's most walkable east-end locations. Stroll to the vibrant Danforth with its independent cafes, artisan bakeries, butcher shops, restaurants, and everyday conveniences. Commuting is effortless with Woodbine Subway Station just a 6-minute walk away. The home itself requires significant updating and is being offered as an opportunity for those with a passion for creating beauty & vision. Whether you're a renovator, investor, or end-user looking to build equity and create your forever home, the location alone makes this a rare offering. A chance to secure a home in an established neighbourhood where community, parks, schools, and walkability come together-bring your imagination and unlock the potential.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Semi-Detached

Home Style:

2-Storey

Approx. Age:

100+

Total Approx Floor Area:

1100-1500

Lot Depth:

105'32 m

Lot Frontage:

20'1"6.13 m

Direction Faces:

North

Bedrooms:

3

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Wood

Fireplaces:

1

Foundation:

Concrete Block

Roof:

Asphalt Shingle

Basement:

Separate Entrance

Fireplace/Stove:

Yes

Garage:

None

Garage Spaces:

0.0

Other Structures:

Shed

Parking Spaces:

0

Total Parking Spaces:

0.0

Family Room:

No

Possession Details:

TBA

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Taxes:

$5,067.47 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E02

Listing Sub-Area:

Woodbine Corridor

Interior Features:

Other

Rental Items:

See Schedule B attached.

Inclusions:

See Schedule B attached.

Exclusions:

See Schedule B attached.

Exterior Finish:

Brick

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Nov 10, 2026

Original Price:

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Previous Price:

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• 
  Front
• 
  Front
• 
  Back of house
• 
  Backyard

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Listed by ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY

Data was last updated November 12, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

37

Avg list price:

$1,199,000

Min list price:

$499,000

Max list price:

$2,499,000

Avg days on market:

19

Min days on market:

1

Max days on market:

168

These statistics are generated based on the current listing's property type and located in Toronto E02. 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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• Condos for Sale in Toronto Under $400K
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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.