2615 Jane Street in Toronto: Glenfield-Jane Heights House for sale (Toronto W05) : MLS®# W12381813
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.
ATTENTION ALL RENOVATORS, INVESTORS AND FIRST TIME BUYERS! Discover the potential in this 3-bedroom semi-detached bungalow located in a highly sought-after Glenfield-Jane Heights, Toronto. This property is a true blank canvas, ready for your vision and creativity. Featuring a functional layout with a spacious living area, eat-in kitchen, and full basement with a separate entrance that can be used for additional rental income. The home offers incredible possibilities for customization, income potential, or a full transformation. The private backyard provides space for outdoor living, while the private driveway adds convenience. Close to a Private Golf course, schools, parks, transit, shopping, and major highways this location blends lifestyle and investment opportunity. Whether you're looking to renovate and resell, build your dream home, or create rental income, this property is bursting with potential .Don't miss this chance to turn a fixer-upper into a stunning Toronto home! The Property will be sold in as is condition
Data was last updated September 14, 2025 at 01:15 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$899,000
Min list price:
$599,800
Max list price:
$1,088,000
Avg days on market:
12
Min days on market:
1
Max days on market:
165
These statistics are generated based on the current listing's property type
and located in
Glenfield-Jane Heights. Average values are
derived using median calculations. This data is not produced by the MLS® system.
• 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.
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.