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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52 Craydon Avenue

Mount Dennis Toronto M6M 2C7

$499,900

Residential Freehold beds: 3 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

W14087798

Bedrooms:

3

Bathrooms:

2

• Photos (28)

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Welcome to 52 Craydon Avenue, located in the established Mount Dennis neighbourhood! This 3 bedroom home offers an excellent opportunity for renovators, investors, or buyers looking to bring their own vision to life. With a functional layout and plenty of potential, this property is ready for its next chapter. Conveniently situated close to parks, schools, shopping, public transit, and everyday amenities. Whether you're looking to renovate and make it your own or take on your next investment project, this is an opportunity to add value in a well-connected Toronto neighbourhood. Property is being sold in as is, where is condition.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

2-Storey

Total Approx Floor Area:

700-1100

Lot Depth:

88'26.8 m

Lot Frontage:

25'7.62 m

Direction Faces:

North

Bedrooms:

3

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Concrete

Roof:

Asphalt Shingle

Basement:

Unfinished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Lane, Right Of Way

Parking Spaces:

1

Total Parking Spaces:

1.0

Family Room:

Yes

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$3,261 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W04

Listing Sub-Area:

Mount Dennis

Interior Features:

None

Rental Items:

None

Exclusions:

None

Exterior Finish:

Brick

Room Information:

Floor

Type

Size

Other

Main

Living Room

11'3"3.43 m × 9'11"3.02 m

Main

Dining Room

10'11½"3.34 m × 9'6"2.90 m

Main

Kitchen

10'11½"3.34 m × 9'3"2.82 m

Main

Foyer

19'1"5.82 m × 5'1"1.55 m

Second

Bedroom 2

11'10"3.61 m × 6'5½"1.97 m

Second

Primary Bedroom

11'2¼"3.41 m × 8'1"2.46 m

Second

Bedroom 3

11'2¼"3.41 m × 8'4"2.54 m

Basement

Recreation

15'7¾"4.77 m × 15'7"4.75 m

Basement

Utility Room

9'7¾"2.94 m × 8'6"2.59 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Second

No

-

6'11" x 5'11¼"

Basement

No

-

8'6" x 6'4¾"

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Oct 16, 2026

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Data was last updated October 24, 2026 at 02:15 PM (UTC)

Area Statistics

Listings on market:

12

Avg list price:

$849,000

Min list price:

$499,900

Max list price:

$1,588,800

Avg days on market:

45

Min days on market:

3

Max days on market:

172

These statistics are generated based on the current listing's property type and located in Mount Dennis. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• 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.