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.
337 Craven Road
Toronto
M4L 2Z5
$649,000
Residential Freehold
beds: 1
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- E12719698
- Bedrooms:
- 1
- Bathrooms:
- 1
- Photos (47)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- Bungalow
- Total Approx Floor Area:
- 700-1100
- Lot Depth:
- 73'
- Lot Frontage:
- 22'6"
- Direction Faces:
- East
- Bedrooms:
- 1
- Bathrooms:
- 1.0
- Water supply:
- Municipal
- Kitchens:
- 1
- Bedrooms Above Grade:
- 1
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 5
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Concrete Block, Brick
- Roof:
- Asphalt Shingle
- Basement:
- Unfinished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Right Of Way, Mutual
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- No
- Possession Details:
- 30/60/90
- Pool:
- None
- Link:
- No
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $3,710.11 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto E01
- Greenwood-Coxwell
- Carpet Free
- Hot Water Tank
- HVAC & Appliances are in as-is condition.
- Water Heater
- Brick, Aluminum Siding
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 13'7" × 10'8"
- Large Window, B/I Bookcase
- Main
- Kitchen
- 14'6" × 13'7"
- Window, Vinyl Floor, Combined w/Dining
- Main
- Dining Room
- 14'6" × 13'7"
- Combined w/Kitchen, Vinyl Floor, Panelled
- Main
- Bedroom
- 13'7" × 9'6"
- Window, Closet, Laminate
- Main
- Mud Room
- 6'2" × 6'
- Double Doors
- Lower
- Recreation
- 21'11" × 12'10"
- Large Window, Concrete Floor, Combined w/Laundry
- Lower
- Laundry
- 9'1" × 7'5"
- Concrete Floor, Combined w/Rec
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
-
337 Craven: A History to Cherish. -
Concept Rendering - Exterior (Not to Scale)
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A Future to Build.
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Enclosed Porch.
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Or Open It Up. See Digital Rendering.
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Welcome to Your Clean Slate!
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Freshly Severed and Ready for its Next Vision.
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A Home with Incredible Potential.
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Concept Rendering - Living Room (Not to Scale)
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Main Floor Living Room.
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Lots of Bright Sunlight Pouring In!
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Love these Built-In Shelves.
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You Get the Vibe.
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Who Doesn't Love Built-Ins? Style + Storage.
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Walk Through to the Large Kitchen Area.
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The Possibilities are Wide Open.
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Pretty Window!
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Concept Rendering - Kitchen (Not to Scale)
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Plenty of Room to Add Your Dream Breakfast Nook.
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Concept Rendering - Eat-In Dining (Not to Scale)
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Imagine the Eat-In Kitchen Nook Here.
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Envision a Primary Bedroom...
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With a Peaceful, Boutique-Hotel Feel...
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Concept Rendering - Bedroom (Not to Scale)
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Design Your Retreat to Relax & Reset.
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Original Bedroom with Walk-Out to Mudroom & Deck.
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Create a Mudroom: The Envy of Your Friends.
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Concept Rendering - Mudroom (Not to Scale)
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Original Mudroom.
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Stairs to the Lower Level (Unfinished Basement).
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Plenty of Room to Re-Imagine this Space.
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Concept Rendering - LL Rec Room (Not to Scale)
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Lounge, Watch the Big Game, or Play Foosball.
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Concept Rendering - Laundry Room (Not to Scale)
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Original Bathroom,StandUp Shower Near Laundry Area
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Concept Rendering - LL Bathroom (Not to Scale)
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A Backyard Worthy of an Entertainer's Dream.
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Entrance into Back Deck from Driveway.
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Concept Rendering - Outdoor Dining (Not to Scale)
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Original Back Deck.
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Walkway to Back Deck and the Original Lawn.
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Concept Rendering - Back Deck (Not to Scale)
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Original Lawn and Shed.
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Concept Rendering - Outdoor Shed (Not to Scale)
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Legendary Wooden Fence (Built 1916).
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Craven Rd. - A Real Neighbourhood Community.
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Concept Rendering: 2-Storey Add-On (NTS)
Virtual Tour 2
- Listings on market:
- 18
- Avg list price:
- $1,684,000
- Min list price:
- $649,000
- Max list price:
- $2,999,000
- Avg days on market:
- 66
- Min days on market:
- 1
- Max days on market:
- 148
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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:
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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.