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Cheapest House for Sale in Toronto – Discover Smart Real Estate Deals

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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  • 27 Shudell Avenue in Toronto: Blake-Jones House for sale (Toronto E01) : MLS®# E12233527

    27 Shudell Avenue Blake-Jones Toronto M4J 1C5
    Main Photo: 27 Shudell Avenue in Toronto: Blake-Jones House for sale (Toronto E01) : MLS®# E12233527

    27 Shudell Avenue Toronto M4J 1C5 Blake-Jones

    $499,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12233527
    Bedrooms:
    4
    Bathrooms:
    2
    Located In The Highly Sought-After Blake-Jones Neighourhood. Live In As Investment Property Or Build Later. Separate Self Contained Basement Apartment With Potlights Throughout (Seller Does Not Warrant Retrofit Status Of Basement Apartment). Huge Front Porch And Separate Back Entrance From Sun Deck. Walking Distance To Subway, Parks, The Danforth And More. Easy Access To DVP. Property Sold In As-Is Condition. More details
    Listed by SUTTON GROUP-ADMIRAL REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Rear 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for sale (Toronto W03) : MLS®# W12197977

    Rear 625 Harvie Avenue Caledonia-Fairbank Toronto M6E 4M4
    Main Photo: Rear 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for sale (Toronto W03) : MLS®# W12197977

    Rear 625 Harvie Avenue Toronto M6E 4M4 Caledonia-Fairbank

    $499,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12197977
    Buyer to verify zoning - lane access only - no warranty on present or future use. Laneway is just south of Eglinton Ave W between Harvie Ave & Nairn Ave. More details
    Listed by Royal LePage Security Real Estate
    LISTING DETAILS
    DARYL KING

  • 91 Haslam Street in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12216595

    91 Haslam Street Birchcliffe-Cliffside Toronto M6H 1W8
    Main Photo: 91 Haslam Street in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12216595

    91 Haslam Street Toronto M6H 1W8 Birchcliffe-Cliffside

    $529,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12216595
    Bedrooms:
    2
    Bathrooms:
    1
    Opportunity to create your own vision on this 25 x 150 foot lot. House and property being sold "as is' and no representations or warranties are made by seller. No survey More details
    Listed by FOREST HILL REAL ESTATE INC.
    LISTING DETAILS
    DARYL KING

  • 45 Donald Avenue in Toronto: Keelesdale-Eglinton West House for sale (Toronto W03) : MLS®# W12297835

    45 Donald Avenue Keelesdale-Eglinton West Toronto M6M 1K2
    Main Photo: 45 Donald Avenue in Toronto: Keelesdale-Eglinton West House for sale (Toronto W03) : MLS®# W12297835

    45 Donald Avenue Toronto M6M 1K2 Keelesdale-Eglinton West

    $578,999
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12297835
    Bedrooms:
    1
    Bathrooms:
    1
    Attention Home Builders!!! Great Opportunity for a custom (new build). 20 ft x 140 ft lot. Property sold "where is" "as is". Close to all amenities, transit, schools & shopping. More details
    Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY
    LISTING DETAILS
    DARYL KING

  • 224 Aylesworth Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12232618

    224 Aylesworth Avenue Birchcliffe-Cliffside Toronto M1N 2J6
    Main Photo: 224 Aylesworth Avenue in Toronto: Birchcliffe-Cliffside House for sale (Toronto E06) : MLS®# E12232618

    224 Aylesworth Avenue Toronto M1N 2J6 Birchcliffe-Cliffside

    $579,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12232618
    Bedrooms:
    3
    Bathrooms:
    2
    Attention Builders, Renovators! Here Is Your Opportunity To Make This Property Your Own Or Build Your Dream Home. Property Is In Need Of Tlc And Is Being Sold For Land Value, As Is Where Is. A Great Birch Cliff Heights Pocket With Lots Of Building Taking Place. Steps To Woodrow Park. Birch Cliff Heights & Birchmount High School Districts. More details
    Listed by ROYAL LEPAGE ESTATE REALTY
    LISTING DETAILS
    DARYL KING

  • 20 Howick Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12190647

    20 Howick Avenue Weston-Pellam Park Toronto M6N 1M8
    Main Photo: 20 Howick Avenue in Toronto: Weston-Pellam Park House for sale (Toronto W03) : MLS®# W12190647

    20 Howick Avenue Toronto M6N 1M8 Weston-Pellam Park

    $588,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12190647
    Bedrooms:
    2
    Bathrooms:
    1
    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 More details
    Listed by RE/MAX PREMIER INC.
    LISTING DETAILS
    DARYL KING
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  • 29 740 Kennedy Road in Toronto: Ionview House for sale (Toronto E04) : MLS®# E12301285

    29 740 Kennedy Road Ionview Toronto M1K 2C5
    Main Photo: 29 740 Kennedy Road in Toronto: Ionview House for sale (Toronto E04) : MLS®# E12301285

    29 740 Kennedy Road Toronto M1K 2C5 Ionview

    $589,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12301285
    Bedrooms:
    3
    Bathrooms:
    2
    Beautifully Updated 2+1 Bedroom Freehold Townhouse in Prime Transit-Accessible Location!Welcome to this meticulously maintained townhouse just steps from Kennedy Subway Station, Kennedy GO, and the new Eglinton LRT offering unmatched connectivity for seamless commuting. This bright and spacious home features a modern kitchen with quartz countertops, Maytag stainless steel appliances (2022), and elegant flooring throughout the main level. The open-concept living and dining areas are perfect for entertaining, while the serene sundeck overlooks a beautifully landscaped, fenced backyard ideal for outdoor enjoyment and privacy. The finished basement offers versatile space, perfect as a bachelor suite, additional bedroom, or cozy family room. Enjoy the convenience of a Reserved Parking and proximity to schools, shopping, groceries, places of worship, and just 10 minutes to Hwy 401. Significant upgrades include: Roof (2021), Kitchen (2022), Bathroom (2022), and Washer & Dryer (2022).Ideal for first-time buyers, growing families, or couples seeking a stylish, move-in ready home in an unbeatable location . Don't miss out this gem wont last long! More details
    Listed by SAVE MAX REAL ESTATE INC.
    LISTING DETAILS
    DARYL KING

  • 350 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141287

    350 Vaughan Road Humewood-Cedarvale Toronto M6C 2N7
    Main Photo: 350 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141287

    350 Vaughan Road Toronto M6C 2N7 Humewood-Cedarvale

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12141287
    Your dream home awaits! This vacant lot comes with approved plans for a spacious 2,218 sq. ft. residence spanning 4 levels, plus a rooftop terrace. Enjoy the convenience of a 1 1/2-car detached garage with direct lane access. All essential services (water, sewer, gas) are installed, making this property ready for immediate building permit application within an exclusive 9-unit development at Cherrywood and Vaughan Rd. More details
    Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP
    LISTING DETAILS
    DARYL KING

  • 352 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141393

    352 Vaughan Road Humewood-Cedarvale Toronto M6C 2N7
    Main Photo: 352 Vaughan Road in Toronto: Humewood-Cedarvale House for sale (Toronto C03) : MLS®# C12141393

    352 Vaughan Road Toronto M6C 2N7 Humewood-Cedarvale

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    C12141393
    Your dream home awaits! This vacant lot comes with approved plans for a spacious 2,218 sq. ft. residence spanning 4 levels, plus a rooftop terrace. Enjoy the convenience of a 1-car detached garage with direct lane access. All essential services (water, sewer, gas) are installed, making this property ready for immediate building permit application within an exclusive 9-unit development at Cherrywood and Vaughan Rd. More details
    Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP
    LISTING DETAILS
    DARYL KING

  • 4450 Lawrence Avenue E in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12260902

    4450 Lawrence Avenue E West Hill Toronto M1E 2T9
    Main Photo: 4450 Lawrence Avenue E in Toronto: West Hill House for sale (Toronto E10) : MLS®# E12260902

    4450 Lawrence Avenue E Toronto M1E 2T9 West Hill

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E12260902
    Bedrooms:
    3
    Bathrooms:
    1
    Investor Alert Prime Opportunity! Bungalow situated on a premium lot with multiple exit strategies: build new, rent and hold, or explore land assembly potential. Surrounded by ongoing development and custom builds this is a high-growth pocket worth watching.Property is currently tenanted and insurable, offering immediate rental income potential. Located just minutes from Hwy 401, the GO Station, and major big-box retailers. Public transit right at your doorstep adds to long-term appeal. More details
    Listed by REALTY WEALTH GROUP INC.
    LISTING DETAILS
    DARYL KING

  • 1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121

    1039 Ossington Avenue Dovercourt-Wallace Emerson-Junction Toronto M6G 3V9
    Main Photo: 1039 Ossington Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12265121

    1039 Ossington Avenue Toronto M6G 3V9 Dovercourt-Wallace Emerson-Junction

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12265121
    Bedrooms:
    4
    Bathrooms:
    3
    3 self contained units fronting on Ossington Ave! All mechanicals have been recently updated for peace of mind, comfort and efficiency. Roof (2022), Hot Water Tank (Owned - 2025) , furnace (High efficiency - 2025), Heat Pump (2025). Units include some updates to the kitchen, floors and bathrooms. Turn key property completely vacant! Live in one and rent the others or rent them all for cash flow! MAIN FLOOR: living room, 1 bedroom, updated 4 piece bathroom, updated kitchen and updated floors. 2ND FLOOR: Living room, 2 bedrooms, den, 4 piece bathroom and kitchen. BASEMENT: Living room, 1 bedroom, 3 piece bathroom and kitchen. Sun filled backyard features a patio area, newer garden shed, and ample daylight to allow for fruit trees and vegetable garden. Currently has rare fruit trees, berries, flowers and herbs. Truly a great backyard space to give a sense of tranquility in the heart of downtown. Wallace Emerson is rapidly evolving, don't miss your chance to get in before the next wave! A smart buy in a dynamic neighbourhood with incredible upside. Tridel is building "The Dupont" around the corner. TTC at your front door, steps to the subway station, steps to eclectic shops and restaurants, trails, parks and so much more! Previous rents were: Basement-$1,600/M, Main-$2,100/M, Upper-$2,450/M. Offers will be reviewed on July 22nd 2025 at 6pm. Neither seller, listing brokerage or listing agent make any representations or warrant the retrofit status of the apartments. More details
    Listed by RE/MAX HALLMARK REALTY LTD.
    LISTING DETAILS
    DARYL KING

  • 16 Porter Ave Avenue in Toronto: Rockcliffe-Smythe House for sale (Toronto W03) : MLS®# W12276334

    16 Porter Ave Avenue Rockcliffe-Smythe Toronto M6N 2G9
    Main Photo: 16 Porter Ave Avenue in Toronto: Rockcliffe-Smythe House for sale (Toronto W03) : MLS®# W12276334

    16 Porter Ave Avenue Toronto M6N 2G9 Rockcliffe-Smythe

    $599,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W12276334
    Bedrooms:
    3
    Bathrooms:
    1
    RENOVATOR'S DREAM - UNLOCK THE POTENTIAL! Attention renovators, builders, and DIY visionaries - this is your golden opportunity! This property is bursting with potential and ready for your creative transformation. Owned by the same family for over 50 years, this cozy bungalow sits on a deep 131 ft lot with laneway access, offering multiple possibilities to maximize value and function. Renovate & Restore - Reimagine the existing bungalow to bring back its charm and character. A separate basement entrance offers flexibility for extended family or a flex space. Build New or Expand - The legal front pad parking and rear laneway access open up exciting options: Room for garage or 2-car parking in the back. Potential for a 2-storey laneway/garden suite up to 1,291 sq. ft. (see attached preliminary findings). Possible conversion of the main house into a 2-, 3-, or 4-unit dwelling with variances (report available). Prime Location - Urban Renewal in Progress! - Tucked on a quiet street just steps to Weston Rd., parks, schools, shopping, and more! 12-15 min. Walk or bus to Mount Dennis Station (Eglinton LRT). 13-15 min. bus ride to Keele Subway Station. This vibrant neighbourhood is on the rise, making it a smart long-term investment. Buyers to perform their own due diligence. Whether you're looking to restore, rebuild, or reimagine - this is the blank canvas you've been waiting for. Bring your ideas, passion, and a little elbow grease - the potential here is truly limitless! More details
    Listed by RE/MAX PREMIER INC.
    LISTING DETAILS
    DARYL KING
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Data was last updated July 23, 2025 at 01:15 PM (UTC)
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.

Explore More GTA Homes:

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.

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When it comes to buying a home, you deserve real estate guidance from a team that truly cares about your long-term investment and client experience. Find out what it’s like to get the Royal Treatment by booking a buying consultation today.

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