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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195 Islington Avenue

New Toronto Toronto M8V 3B8

$639,000

Residential Freehold beds: 2 baths: 2.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

W13786212

Bedrooms:

2

Bathrooms:

2

• Photos (39)

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{STEP INSIDE} Welcome to this freehold semi-detached home in New Toronto, where the big-ticket updates are already done. The newly renovated main floor features new flooring, an improved open-concept layout connecting the living room and kitchen, plus updated heating and A/C. Enjoy your own backyard, a rare neighbourhood bonus with the detached garage, and the added value of freehold ownership with no condo fees. {MAIN LEVEL} Vinyl flooring runs from the foyer through the living room, dining rm, kitchen & mudroom for one continuous, low-maintenance surface. Living rm and dining rm have their own windows, so the space stays bright. Kitchen is set up to cook in: stainless steel fridge, stove, range & oversized hood, sink at the window. Main flr laundry with washer, dryer & laundry tub means no hauling loads upstairs. Mudroom gives direct access to the backyard, the natural path in & out. 2pc powder rm for guests. {UPPER LEVEL} Primary bdrm & 2nd bdrm both have their own mini split a/c plus baseboard heat, so each rm controls its own comfort instead of fighting the rest of the house for it. Walk-in closet off primary could stay a closet or become a home office/Play Pen. The Den offers flexible work-from-home setup without giving up a bdrm. 4pc bath finishes the flr with ceramic flooring throughout. {LOCATION} Located in New Toronto, a walkable stretch of South Etobicoke's Lakeshore community. Islington Jr Middle School (TDSB, JK-8) is nearby, along with Lakeshore Collegiate Institute (secondary) & St. Elizabeth Catholic School (TCDSB). Lake Shore Blvd W is a short walk for shops, cafes & restaurants, & Colonel Samuel Smith Park with its waterfront trail along Lake Ontario is close enough for a regular routine, not just a weekend trip. TTC's 501 Queen streetcar runs along Lake Shore, Mimico GO Station is nearby for downtown commuters, & the Gardiner Expwy & Hwy 427 are both within easy reach.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Semi-Detached

Home Style:

2-Storey

Approx. Age:

51-99

Total Approx Floor Area:

700-1100

Lot Depth:

118'36 m

Lot Frontage:

14'5"4.4 m

Direction Faces:

East

Bedrooms:

2+0

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Kitchens in Basement:

0

Bedrooms Above Grade:

2

Bedrooms Below Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

6

Rooms Below Grade:

0

Zoning:

CR

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Electric

Foundation:

Concrete

Roof:

Asphalt Rolled, Asphalt Shingle

Basement:

None

Fireplace/Stove:

No

Garage:

Detached

Garage Spaces:

1.0

Parking Features:

None

Parking Spaces:

0

Total Parking Spaces:

1.0

Family Room:

No

Possession Details:

Allow 2 weeks

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Assessment Year:

2025

Taxes:

$2,686 / 2026

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto W06

Listing Sub-Area:

New Toronto

Interior Features:

None

Inclusions:

KITCHEN: Stainless Steel Fridge, Stove, Range Hood & Dishwasher; LAUNDRY: Washer & Dryer;

Exterior Finish:

Aluminum Siding, Brick

Room Information:

Floor

Type

Size

Other

Ground

Foyer

10'3"3.12 m × 5'5½"1.66 m

Vinyl Floor, Enclosed, Large Window

Ground

Living Room

11'8¾"3.58 m × 11'2"3.40 m

Vinyl Floor, Large Window, Combined w/Dining

Ground

Dining Room

11'4"3.45 m × 8'2"2.49 m

Vinyl Floor, Combined w/Living, Window

Ground

Kitchen

14'5¼"4.40 m × 7'3"2.21 m

Corian Counter, Vinyl Floor, Backsplash

Ground

Laundry

8'5"2.57 m × 7'6"2.29 m

Laundry Sink, Window

Ground

Mud Room

6'4"1.93 m × 4'3"1.30 m

Overlooks Backyard, Window

Ground

Powder Room

4'3"1.30 m × 2'5".74 m

2 Pc Bath

Upper

Primary Bedroom

11'3"3.43 m × 9'2"2.79 m

Walk-In Closet(s), Parquet

Upper

Den

8'9"2.67 m × 8'5½"2.58 m

Parquet, Open Concept

Upper

Bedroom 2

11'11"3.63 m × 11'4"3.45 m

Parquet

Bathrooms:

Floor

Ensuite

Pieces

Other

Upper

No

4

5'8" x 5'4" 4 Pc Bath, Ceramic Floor, Ceramic Backsplash

Other Details:

Energy Certification:

No

Green Property Information Statement:

No

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Wall Unit(s)

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Sep 15, 2026

Original Price:

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Previous Price:

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• 
  Street View
• 
  Street View
• 
  Foyer
• 
  Foyer
• 
  Foyer
• 
  Living Room
• 
  Living Room - Virtually Staged
• 
  Living Rm Viewed from Dining Rm - Virtually Staged
• 
  Dining Room Viewed from Living Room
• 
  Dining Rm Viewed from Living Rm - Virtually Staged
• 
  Dining Room Viewed from Living Room
• 
  Dining Rm Viewed from Living Rm - Virtually Staged
• 
  Dining Room
• 
  Living Room Viewed from Dining Room
• 
  Kitchen
• 
  Kitchen
• 
  Kitchen
• 
  Mud Room Leading to Backyard
• 
  Laundry Room / Utilities Room
• 
  Laundry Room / Utilities Room
• 
  Ground Floor 2pc Powder Room
• 
  Stairs to Upper Level
• 
  Primary Bedroom
• 
  Primary Bedroom - Virtually Staged
• 
  Primary Bedroom Walk-In Closet
• 
  Primary Bedroom Walk-In Closet
• 
  4pc Main Bathroom
• 
  4pc Main Bathroom
• 
  4pc Main Bathroom
• 
  2nd Floor Landing Area
• 
  2nd Floor Den
• 
  2nd Floor Den
• 
  Bedroom #2
• 
  Bedroom #2
• 
  Bedroom #2
• 
  Backyard
• 
  Backyard
• 
  Garage (Accessed from back lane)
• 
  Garage (Accessed from back lane)

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Listed by CITYSCAPE REAL ESTATE LTD.

Data was last updated October 24, 2026 at 01:15 PM (UTC)

Area Statistics

Listings on market:

11

Avg list price:

$999,999

Min list price:

$639,000

Max list price:

$1,780,000

Avg days on market:

18

Min days on market:

1

Max days on market:

137

These statistics are generated based on the current listing's property type and located in Toronto W06. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• 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.