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5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552

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5 Elward Boulevard
Oakridge Toronto M1L 3L1

$588,000
Residential Freehold beds: 2+2 baths: 3.0

Main Photo: 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552
Photo 1: 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552
Photo 2: 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
E13039552
Bedrooms:
2+2
Bathrooms:
3
Detached 30 ft frontage 2 Beds Bungalow with 2 x 1 Bedroom Apt in the basement/Walk up. Live in the Main floor. Rent the basement. Will pay your mortgage. Showing with 24 Hour Notice. For more pics look at the previous listings. Survey Attached.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
700-1100
Lot Depth:
100'10"
Lot Frontage:
30'
Direction Faces:
West
Bedrooms:
2+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
2
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
5
Rooms Below Grade:
4
Zoning:
Residential
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
1
Foundation:
Concrete Block
Roof:
Shingles
Basement:
Apartment, Separate Entrance
Fireplace Features:
Living Room
Fireplace/Stove:
Yes
Garage:
Detached
Garage Spaces:
0.0
Other Structures:
Workshop, Shed
Parking Features:
Private
Parking Spaces:
0
Total Parking Spaces:
0.0
Family Room:
Yes
Possession Details:
TBA
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$4,277.7 / 2025
Assessment:
$- / -
Toronto
Toronto E06
Oakridge
Park, Public Transit, School
Other
None.
All appliances in the 3 Units.
None.
Brick
Floor
Type
Size
Other
Main
Living Room
13'6" × 13'6"
Fireplace, Above Grade Window
Main
Dining Room
12'9½" × 10'5"
Above Grade Window
Main
Kitchen
12'5" × 10'1¼"
W/O To Yard
Main
Primary Bedroom
10'11" × 10'
Above Grade Window, Closet
Main
Bedroom 2
11'5" × 10'1"
Above Grade Window, Closet
Basement
Bedroom
10'9½" × 7'5"
Basement
Kitchen
Measurements not available
Overlooks Living
Basement
Bedroom
9'11" × 7'1"
Basement
Kitchen
Measurements not available
Overlooks Living
Floor
Ensuite
Pieces
Other
Main
No
-
4'1¼" x 7'2¼" Above Grade Window
Basement
No
-
0' x 0'
Basement
No
-
0' x 0'
Special Designation:
Accessibility
Sewers:
Sewer
Air Conditioning:
Window Unit(s)
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Apr 24, 2026
Original Price:
Previous Price:
  • Photo 1: 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552
    Photo 1 of 2
  • Photo 2: 5 Elward Boulevard in Toronto: Oakridge House for sale (Toronto E06) : MLS®# E13039552
    Photo 2 of 2
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Listed by RE/MAX REALTRON REALTY INC.
Data was last updated May 9, 2026 at 01:15 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$974,500
Min list price:
$588,000
Max list price:
$1,999,999
Avg days on market:
34
Min days on market:
1
Max days on market:
227
These statistics are generated based on the current listing's property type and located in Oakridge. Average values are derived using median calculations. This data is not produced by the MLS® system.
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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.

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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.