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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22 Medford Avenue

Oakridge Toronto M1L 4G2

$599,000

Residential Freehold beds: 2 baths: 2.0

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• Details
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Status:

Active Under Contract

Prop. Type:

Residential Freehold

MLS® Num:

E12944690

Bedrooms:

2

Bathrooms:

2

• Photos (19)
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An Oakridge Gem! Solid brick Detached 2 Bedroom, 2 bath bungalow is located in a fantastic friendly neighbourhood with excellent access to transit and both Danforth Ave and Warden Ave. The open Living has hardwood floors and gas fireplace. An eat in kitchen has a walk out to the deck and a bright, window filled sunroom overlooks the back Garden. Both Bedrooms also offer hardwood floors. The finished basement provides additional recreation space, full bath and laundry. This well sized 26' x 118' lot with private driveway offers an incredible opportunity for buyers to move into a super location close to schools, parks, shops and many amenities. Not to be missed!

Documents & Links:

Sales Brochure

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Lot Depth:

118'36 m

Lot Frontage:

26'7.92 m

Direction Faces:

West

Bedrooms:

2

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

5

Rooms Below Grade:

1

Additional Info:

Heating type:

Radiant

Heating Fuel:

Wood

Fireplaces:

1

Foundation:

Concrete Block

Roof:

Asphalt Shingle

Basement:

Finished

Fireplace/Stove:

Yes

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

2

Total Parking Spaces:

2.0

Family Room:

No

Possession Details:

TBA

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Development Charges Paid:

Yes

Taxes:

$3,348 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E06

Listing Sub-Area:

Oakridge

Interior Features:

Primary Bedroom - Main Floor

Inclusions:

Existing appliances and light fixtures.

Exterior Finish:

Brick

Room Information:

Floor

Type

Size

Other

Main

Living Room

15'1"4.60 m × 10'3.05 m

Hardwood Floor, Fireplace

Main

Kitchen

14'11"4.55 m × 9'1"2.77 m

Eat-in Kitchen

Main

Primary Bedroom

11'9¾"3.60 m × 9'2¼"2.80 m

Mirrored Closet, Hardwood Floor

Main

Bedroom 2

11'8½"3.57 m × 9'¼"2.75 m

Hardwood Floor

Main

Sunroom

11'2"3.40 m × 6'6¾"2.00 m

Basement

Recreation

18'4½"5.60 m × 14'9"4.50 m

Basement

Cold Room/Cantina

9'10"3.00 m × 8'½"2.45 m

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Apr 01, 2026

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE ESTATE REALTY

Data was last updated April 11, 2026 at 06:15 PM (UTC)

Area Statistics

Listings on market:

17

Avg list price:

$969,000

Min list price:

$599,000

Max list price:

$1,999,999

Avg days on market:

31

Min days on market:

4

Max days on market:

200

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