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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20 Howick Avenue

Weston-Pellam Park Toronto M6N 1M8

$588,000

Residential Freehold beds: 1+1 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

W12190647

Bedrooms:

1+1

Bathrooms:

1

• Photos (12)

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Opportunity Knocks! Charming Freehold Bungalow with Endless Potential! Discover a rare chance to own a freehold bungalow with a 16 ft x 119 ft lot and 1+1 Bedrooms an excellent condo alternative. This property is brimming with potential and ready for your personal touch. Step into a bright living room with high ceilings, a generously sized main-floor bedroom, and an eat-in kitchen with a walk-out to the backyard ideal for entertaining or relaxing outdoors. The basement offers impressive ceiling height, a large bedroom, and a separate walk-up entrance, presenting excellent potential for an in-law unit. Additional highlights include a private driveway (with potential for expanded parking), a welcoming front porch with wood decking. Bring your vision and creativity to transform this home into something truly special! Minutes to St. Clair Ave W. Stockyard shops, Sadra park trail, Joseph J. Piccininni community center, schools, places of worship

General Info:

Under Contract:

Hot Water Tank-Gas

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Approx. Age:

100+

Total Approx Floor Area:

< 700

Depth:

119'8"36.5 m

Frontage:

16'4.88 m

Lot Shape:

Irregular

Direction Faces:

South

Bedrooms:

1+1

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

1

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

3

Rooms Below Grade:

2

Zoning:

Residential

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Block

Roof:

Asphalt Shingle

Basement:

Separate Entrance

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Private

Parking Spaces:

1

Total Parking Spaces:

1.0

Family Room:

No

Possession Details:

Immediate

Lot Irregularities:

Irregular

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Assessment:

$419,000

Assessment Year:

2024

Taxes:

$2,997.07 / 2024

Assessment:

$419,000.00 / 2024

Listing Area:

Toronto W03

Listing Sub-Area:

Weston-Pellam Park

County Or Parish:

Toronto

Property Features / Area Influences:

Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Interior Features:

Carpet Free, Primary Bedroom - Main Floor

Exterior Features:

Deck

Rental Items:

hot water tank

Inclusions:

Gas stove (as is), clothes washer and dryer (as is)

Exclusions:

none

Exterior Finish:

Aluminum Siding

Room Information:

Floor

Type

Size

Other

Ground

Living Room

13'3"4.04 m × 9'10"3.00 m

Hardwood Floor, Window

Ground

Kitchen

13'7"4.14 m × 10'5"3.18 m

W/O To Yard, Ceramic Backsplash, Eat-in Kitchen

Ground

Primary Bedroom

12'8"3.86 m × 11'3"3.43 m

Hardwood Floor, Closet, Window

Basement

Bedroom

13'1"3.99 m × 12'8"3.86 m

Ceramic Floor, Window

Basement

Den

6'1.83 m × 5'1.52 m

Ceramic Floor, Open Concept

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Level:

Lower Level

Listing Info:

Date Listed:

Jun 02, 2025

Original Price:

$588,000

• 
  Private Driveway
• 
  Front Porch - Virtually Staged
• 
  Photo 3 of 12
• 
  Photo 4 of 12
• 
  Photo 5 of 12
• 
  Rear Yard
• 
  Main Floor Dining - Virtually Staged
• 
  Eat In Kitchen - Virtually Staged
• 
  Main Bedroom - Virtually Staged
• 
  Basement Bedroom - Virtually Staged
• 
  Photo 11 of 12
• 
  Photo 12 of 12

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Listed by RE/MAX PREMIER INC.

Data was last updated July 24, 2025 at 02:15 AM (UTC)

Area Statistics

Listings on market:

95

Avg list price:

$1,079,900

Min list price:

$578,999

Max list price:

$4,299,000

Avg days on market:

30

Min days on market:

1

Max days on market:

671

These statistics are generated based on the current listing's property type and located in Toronto W03. 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.