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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290 Coronation Drive

West Hill Toronto M1E 2J6

$599,000

Residential Freehold beds: 2+2 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E12950274

Bedrooms:

2+2

Bathrooms:

2

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Charming Bungalow on a Prime Lot with Endless Potential! Step into this classic bungalow, perfectly situated on a sprawling60 x 134 ft lot with 8 parking spots and a double car garage. The sun-filled living room welcomes you with a large bay window, classic crownmoulding, and gleaming hardwood floors. It flows seamlessly into the elegant dining room, featuring wainscoting, hardwood flooring, and awalkout through double French doors to a large deck overlooking the private, expansive yard ideal for outdoor entertaining. The upgradedkitchen boasts new stainless steel appliances and ample storage space. The main floor offers two spacious bedrooms with large windows andclosets, and a beautifully renovated 3-piece bath with a sleek glass shower. Second Laundry has been added for convenience and allowing afully separate basement. The finished basement with a separate entrance provides versatile living space, perfect for additional bedrooms, arecreation area, or in-law suite/rental income potential. It includes a second kitchen and a full 3-piece bathroom and own laundry. With itsmassive yard offering incredible potential, this property is ideal for families, investors, or those looking to expand.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Lot Depth:

134'40.8 m

Lot Frontage:

60'18.3 m

Lot Details:

60.00 x 134.00 Feet

Direction Faces:

North

Bedrooms:

2+2

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

2

Kitchens in Basement:

1

Bedrooms Above Grade:

2

Bedrooms Below Grade:

2

Kitchens Above Grade:

1

# Main Level Bedrooms:

0

# Main Level Bathrooms:

0

Rooms Above Grade:

5

Rooms Below Grade:

4

Rooms:

9

Additional Info:

Heating type:

Water

Heating Fuel:

Gas

Cooling:

Yes

Foundation:

Concrete

Roof:

Shingles

Basement:

Finished

Fireplace/Stove:

Yes

Attached Garage:

No

Garage:

Detached

Garage Spaces:

2.0

Other Structures:

Garden Shed

Parking Features:

Private

Parking Spaces:

6

Total Parking Spaces:

8.0

Family Room:

No

Possession Details:

Flexible

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Taxes:

$3,680 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E10

Listing Sub-Area:

West Hill

Property Features / Area Influences:

Fenced Yard, Park, Place Of Worship, Public Transit, School

Interior Features:

In-Law Capability, Primary Bedroom - Main Floor

Exterior Features:

Deck

Rental Items:

Hot Water Tank

Inclusions:

S/S Fridge, Stove and Microwave, Washer & Dryer x2, basement fridge and stove.

Exterior Finish:

Brick

Room Information:

Floor

Type

Size

Other

Main

Living Room

15'5"4.70 m × 11'3"3.43 m

Large Window, Crown Moulding, Hardwood Floor

Main

Dining Room

11'3"3.43 m × 10'11"3.33 m

Hardwood Floor, Crown Moulding, W/O To Deck

Main

Kitchen

11'3"3.43 m × 8'6"2.59 m

Stainless Steel Appl, Vinyl Floor, Custom Backsplash

Main

Primary Bedroom

11'3.35 m × 9'5"2.87 m

Laminate, Closet, Window

Main

Bedroom 2

14'1"4.29 m × 9'11"3.02 m

Laminate, Closet, Window

Basement

Bedroom

11'2"3.40 m × 11'1½"3.39 m

Broadloom, Pot Lights, Closet

Basement

Bedroom

18'9"5.72 m × 11'3.35 m

Broadloom, Pot Lights, Above Grade Window

Basement

Kitchen

8'5"2.57 m × 8'2.44 m

Above Grade Window, Combined w/Laundry

Basement

Utility Room

14'6"4.42 m × 10'3.05 m

Concrete Floor

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Level:

Main Level

Listing Info:

Date Listed:

Apr 02, 2026

Original Price:

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Listed by ROYAL LEPAGE SIGNATURE REALTY

Data was last updated April 6, 2026 at 02:15 PM (UTC)

Area Statistics

Listings on market:

33

Avg list price:

$979,000

Min list price:

$599,000

Max list price:

$1,449,000

Avg days on market:

31

Min days on market:

4

Max days on market:

280

These statistics are generated based on the current listing's property type and located in West Hill. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
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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.