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385 Centennial Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12213162

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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385 Centennial Road
Centennial Scarborough Toronto M1C 2A4

$445,000
Residential Freehold beds: 0 baths: 0.0

Main Photo: 385 Centennial Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12213162
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
E12213162
All information provided and advertised by the Seller and CBRE shall be independently verified by the Buyer as the Property is being sold on an "as-is, where-is" bases without representation or warranty by the Seller or CBRE. The Property is centrally located within Scarborough's Port Union area which is primarily an established residential neighbourhood. The Site is adjacent to Highway 2A and Highway 401, which are both a 3-minute drive or 2km. There are numerous amenities in the immediate vicinity, including Sir Oliver Mowat Collegiate Institute (3-min drive), Lake Ontario (5-min drive), the Rouge Valley National Urban Park (5-min drive), University of Toronto Scarborough Campus (6-minute drive), Scarborough Town Centre (10-min drive) and the Toronto Zoo (8-min drive). Additionally there are countless restaurants, grocery stores, banks and schools. Rouge Hill GO Train Station is a 5-minute drive from the Site and offers 2-way service between Toronto's Union Station and Oshawa Station along the Lakeshore East GO Line.
Property Type:
Residential Freehold
Property Sub Type:
Vacant Land
Lot Size:
.50-1.99
Lot Depth:
250'
Lot Frontage:
128'
Lot Shape:
Irregular
Direction Faces:
East
Bedrooms:
0
Bathrooms:
0.0
Water supply:
Municipal
Kitchens:
0
Zoning:
Open Space Natural
Possession Details:
Immediate
Lot Irregularities:
Lot is not a perfect rectangle
HST Applicable To Sale Price:
In Addition To
Taxes:
$0.01 / 2025
Assessment:
$- / -
Toronto
Toronto E10
Centennial Scarborough
Park, Waterfront
None
None
Utilities Cable:
Available
Utilities Telephone:
Available
Utilities Gas:
Available
Utilities Hydro:
Available
Utilities Water:
Available
Sewers:
Available
Special Designation:
Unknown
Sewers:
Sewer
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Jun 11, 2025
Original Price:
$595,000
Previous Price:
$750,000
  • Photo 1: 385 Centennial Road in Toronto: Centennial Scarborough House for sale (Toronto E10) : MLS®# E12213162
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Listed by CBRE LIMITED
Data was last updated December 17, 2025 at 03:15 AM (UTC)
DARYL KING
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.

Explore More GTA Homes:

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.