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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285 Robina Avenue

Oakwood Village Toronto M6C 3Y9

$699,000

Residential Freehold beds: 2 baths: 2.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

C12973858

Bedrooms:

2

Bathrooms:

2

• Photos (13)

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Don't miss this rare opportunity to own a stylish 2-bedroom bungalow on a quiet, desirable street in one of the city's most sought-after neighbourhoods. This charming, move-in-ready home is perfect for first-time buyers or investors, featuring brand new flooring, a fully renovated kitchen, and a beautifully updated main floor bathroom for a fresh, modern feel throughout. A separate rear entrance leads directly to the basement, offering excellent potential for an in-law suite or future rental income. Located just steps from Cedarvale Park and a short walk to the vibrant St. Clair West strip, you'll enjoy easy access to shops, restaurants, the subway, and the now-open Eglinton Crosstown LRT, with the TTC and Allen Road also close by. With a mutual right-of-way and a prime location in a high-demand urban pocket, this home offers comfort, style, and exciting future potential.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Semi-Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Lot Depth:

100'30.5 m

Lot Frontage:

18'9"5.72 m

Direction Faces:

East

Bedrooms:

2

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

4

Additional Info:

Heating type:

Other

Heating Fuel:

Electric

Foundation:

Unknown

Roof:

Unknown

Basement:

Partially Finished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

0

Total Parking Spaces:

0.0

Family Room:

No

Possession Details:

TBD

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$4,237.97 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C03

Listing Sub-Area:

Oakwood Village

Interior Features:

Other

Inclusions:

Stove, Built-In Microwave, Fridge, Washer, Dryer, ELF's, window coverings.

Exterior Finish:

Vinyl Siding

Waterfront:

None

Room Information:

Floor

Type

Size

Other

Main

Living Room

15'4.57 m × 15'4.57 m

Main

Kitchen

15'4.57 m × 9'2"2.79 m

Main

Primary Bedroom

11'7¾"3.55 m × 8'11"2.72 m

Main

Bedroom 2

11'5¾"3.50 m × 8'11½"2.73 m

Lower

Recreation

14'4"4.37 m × 14'½"4.28 m

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Apr 08, 2026

Original Price:

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Previous Price:

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Listed by PSR

Data was last updated May 6, 2026 at 04:15 AM (UTC)

Area Statistics

Listings on market:

11

Avg list price:

$1,289,000

Min list price:

$699,000

Max list price:

$4,550,000

Avg days on market:

28

Min days on market:

9

Max days on market:

102

These statistics are generated based on the current listing's property type and located in Toronto C03. 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.