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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41 Gowan Avenue

Broadview North Toronto M4K 2C8

$629,000

Residential Freehold beds: 2 baths: 2.0

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• Details
• Photos
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E13876550

Bedrooms:

2

Bathrooms:

2

• Photos (9)

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Set in a family-friendly neighbourhood, this semi-detached home presents an excellent opportunity to renovate, reimagine, or explore a potential condo alternative. The property features a spacious 125-ft-deep lot with a large backyard, a living room,dining area, a bedroom overlooking the rear garden, a kitchen walk-out, hardwood floors, windows throughout, a 4-piece bathroom, and a garden shed.The legal front-yard parking adds valuable convenience, while the generous lot offers plenty of outdoor space and future possibilities.Enjoy a great location close to parks, schools, East York Community Centre, TTC, the Danforth's vibrant shopping and dining, Broadview Subway Station, and the DVP. The future Cosburn Subway Station on the Ontario Line adds to the area's long-term appeal and connectivity. An excellent opportunity to create a home tailored to your vision in a well-established and increasingly connected East York community.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Semi-Detached

Home Style:

Other

Total Approx Floor Area:

< 700

Lot Depth:

125'38.1 m

Lot Frontage:

17'4½"5.29 m

Direction Faces:

South

Bedrooms:

2

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

6

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Gas

Foundation:

Other

Roof:

Other

Basement:

Unfinished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

1

Total Parking Spaces:

1.0

Family Room:

No

Possession Details:

TBD

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Assessment Year:

2025

Taxes:

$4,047 / 2026

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto E03

Listing Sub-Area:

Broadview North

Property Features / Area Influences:

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

Interior Features:

Other

Rental Items:

Boiler/ Hot water tank $64.98 (Enercare)

Inclusions:

Samsung Dryer, GE Washer, Frigidaire Fridge

Exterior Finish:

Brick

Room Information:

Floor

Type

Size

Other

Main

Dining Room

10'7½"3.24 m × 9'8½"2.96 m

Hardwood Floor, Window

Main

Living Room

13'2"4.01 m × 9'3"2.82 m

Hardwood Floor, Window

Main

Kitchen

15'4¼"4.68 m × 10'6¾"3.22 m

Window, Walk-Out

Main

Bedroom

9'10"3.00 m × 8'4"2.54 m

Overlooks Backyard, Window

Basement

Recreation

22'3"6.78 m × 13'2"4.01 m

Above Grade Window

Basement

Bedroom

13'4"4.06 m × 13'2"4.01 m

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Oct 08, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX HALLMARK REALTY LTD.

Data was last updated October 24, 2026 at 01:15 PM (UTC)

Area Statistics

Listings on market:

34

Avg list price:

$1,088,900

Min list price:

$629,000

Max list price:

$1,739,000

Avg days on market:

16

Min days on market:

1

Max days on market:

131

These statistics are generated based on the current listing's property type and located in Toronto E03. 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.