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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4 Glen Baillie Place

Kensington-Chinatown Toronto M5T 1J5

$528,800

Residential Freehold beds: 6+1 baths: 4.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

C12360749

Bedrooms:

6+1

Bathrooms:

4

• Photos (8)

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Location! Location! Location! Official plan designated for mixed use, including residential. The best investment opportunity is in the heart of Kensington Market, Chinatown Center, major transit station area, steps to Spadina/Dundas streetcar, near T&T supermarket, close to hospital, art gallery, walking distance to University of Toronto. This lovely 2 storey freehold townhouse needs your special touch, to make this diamond in the rough shine again. Gorgeous 3 bedrooms on the 2nd floor, additional 2 bedrooms on the back of the main floor, 1 bedroom at the front of the main floor . 4 washrooms. Current tenants pay $4,000 per month, assuming tenancy. Property and chattels sold in As-Is Condition.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Att/Row/Townhouse

Home Style:

2-Storey

Total Approx Floor Area:

1500-2000

Depth:

66'10½"20.4 m

Frontage:

13'8"4.17 m

Direction Faces:

North

Bedrooms:

6+1

Bathrooms:

4.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

6

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

7

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Other

Roof:

Other

Basement:

Finished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

0

Total Parking Spaces:

0.0

Family Room:

No

Possession Details:

30

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$5,482.22 / 2025

Assessment:

$- / -

Listing Area:

Toronto C01

Listing Sub-Area:

Kensington-Chinatown

County Or Parish:

Toronto

Property Features / Area Influences:

Arts Centre, Hospital, Park, Public Transit, Rec./Commun.Centre, School

Interior Features:

Other

Inclusions:

All appliances (fridge, stove, range hood, all electrical light fixtures, all windows covers) sold in As-Is Condition.

Exclusions:

Tenants belongings

Exterior Finish:

Aluminum Siding

Room Information:

Floor

Type

Size

Other

Ground

Living Room

13'9"4.19 m × 10'3.05 m

Ground

Kitchen

13'10½"4.23 m × 10'9½"3.29 m

Ground

Bedroom

13'3.96 m × 9'¼"2.75 m

Ground

Bedroom

Measurements not available

Ground

Bedroom

9'6"2.90 m × 7'3¾"2.23 m

Second

Primary Bedroom

13'3.96 m × 10'3.05 m

Second

Bedroom

13'3.96 m × 7'3¾"2.23 m

Second

Bedroom

10'3.05 m × 7'6½"2.30 m

Other Details:

UFFI:

No

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Ensuite Laundry:

No

Listing Info:

Date Listed:

Aug 23, 2025

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE SIGNATURE REALTY

Data was last updated September 14, 2025 at 01:15 AM (UTC)

Area Statistics

Listings on market:

47

Avg list price:

$1,399,000

Min list price:

$528,800

Max list price:

$12,500,000

Avg days on market:

30

Min days on market:

1

Max days on market:

233

These statistics are generated based on the current listing's property type and located in Toronto C01. 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
• 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.