Looking for the cheapest house for sale in Toronto? With home prices still high, these affordable listings offer a chance to own property in Canada’s most dynamic city – perfect for first-time buyers or savvy investors.
What You’ll Find in Toronto’s Most Affordable Homes
Explore listings with real potential in some of the city’s best value neighbourhoods:
• 2-3 bedroom homes on modest lot sizes
• Older properties with room to renovate and add value
• Detached, semi-detached, and row homes priced below market average
• Close to TTC routes, grocery stores, and schools
Why the Cheapest Houses in Toronto Are Still Worth a Look
• Entry-level pricing in one of Canada’s most expensive markets
• High appreciation potential in developing communities
• Solid opportunity for rental income or renovation flips
• Accessible locations with future infrastructure projects
Neighbourhoods Offering the Cheapest House for Sale in Toronto
Look for deals in Scarborough Village, Weston, Rexdale, and East York, pockets with older housing stock and gentrification potential.
Explore More GTA Homes:
- Condos for Sale in Toronto Under $350K
- Waterfront Cottages for Sale in Ontario under $300000
- Houses for Sale Richmond Hill under $500000
- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
- Thornhill Homes For Sale
- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
Each link provides updated listings and expert insights.
FAQs – Cheapest House for Sale in Toronto
1. How cheap can a house in Toronto actually get?
As of 2025, the lowest-priced houses in Toronto typically start around $700,000, though some fixer-uppers may list for less.
2. Are cheap houses in Toronto livable or do they need work?
Most affordable listings are older and may need updates, but some are move-in ready depending on the seller’s condition.
3. Can I buy the cheapest house in Toronto as an investment?
Yes. Many buyers use these properties for rentals, flips, or long-term holds in gentrifying areas.
4. Do these homes come with land or are they townhomes?
You’ll find both, some detached homes on small lots and others that are semi-detached or row-style properties.